Commercial property for sale in Parc Pensarn Retail Park, Camarthen, Carmarthen SA31, £1,500,000

1,500,000.00

Offer Nr.:
65756627
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Cooke and Arkwright
Phone(s):
029 2227 9254

* Freehold
**Key Points**
* Parc Pensarn Retail Park is well located in the Welsh market town Carmarthen and benefits from having a wide catchment area due to limited competition from any major retail centres.
* Easily accessible from the A484 in the prime retail pitch and is situated adjacent to a 60, 000 sq ft Morrisons foodstore with petrol station.
* Totals 20, 503 sq ft arranged across the 3 units occupied by national retailers; Halfords and Poundstretcher.
* The current income totals £182, 350 per annum equating to a low average rent of £8. 89 per sq ft.
* Opportunity to increase rent by letting Unit 3.
* Opportunity to add value through regearing or reletting Unit 1 onto a longer lease.
* Freehold
* We are instructed to seek offers in excess of £1, 500, 000 (One Million and Five Hundred Thousand Pounds), subject to contract and exclusive of VAT. This reflects an attractive net initial yield of 11. 43% (assuming purchaser's costs of 6. 32%). This reflects a low capital value of £73 psf (below replacement cost).
**Description**
High Yielding Retail Warehousing Oppurtunity

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