* Freehold
* Large two storey mixed use premises
* 159. 02 sq. M (1, 711. 71 sq. Ft. )
* Ground floor offices with self - contained 4 furnished bedsits
* Let in the majority, producing A current rent passing of £40, 800 pa
* Parking to rear for 4 - 6 spaces
The subject premises comprises a two - storey detached building, currently
occupied for use as a mixed use investment, measuring approximately 159. 02
sq. m (1, 711. 71 sq. Ft. ) in total, comprising a ground floor office suite
together with a self - contained four bedroom House in Multiple Occupation
(HMO), arranged over the first floor.
Externally, the subject premises also benefits from designated parking to the
rear over an open yard area, providing a total of 4 - 6 allocated parking
spaces.
We further advise that the ground floor office suite is currently occupied by
R. A. Ure & Co, which is an established firm of accountants, producing a
current rent passing of £13, 800 per annum.
The first floor, which can be accessed independently off the rear hallway and
corridor comprises a four bedroom House in Multiple Occupation (HMO),
supported by a communal kitchen and bathroom facilities. We have been advised
that a total of 3 rooms are currently let (Rooms 2, 3 and 4), producing a
current gross rent of £21, 840 per annum (inclusive), equating to an average
rental return of £606 per calendar month per room.
**Description**
The subject premises comprises a two - storey detached building, currently
occupied for use as a mixed use investment, measuring approximately 159. 02
sq. m (1, 711. 71 sq. Ft. ) in total, comprising a ground floor office suite
together with a self - contained four bedroom House in Multiple Occupation
(HMO), arranged over the first floor.
Externally, the subject premises also benefits from designated parking to the
rear over an open yard area, providing a total of 4 - 6 allocated parking
spaces.
We further advise that the ground floor office suite is currently occupied by
R. A. Ure & Co, which is an established firm of accountants, producing a
current rent passing of £13, 800 per annum.
The first floor, which can be accessed independently off the rear hallway and
corridor comprises a four bedroom House in Multiple Occupation (HMO),
supported by a communal kitchen and bathroom facilities. We have been advised
that a total of 3 rooms are currently let (Rooms 2, 3 and 4), producing a
current gross rent of £21, 840 per annum (inclusive), equating to an average
rental return of £606 per calendar month per room.
**Location**
The property is situated fronting Queen Victoria Road in Llanelli town centre,
along a prominent position within close proximity to the main intersection
along Station Road and Murray Street.
Llanelli is a market town and the largest community in Carmarthenshire, with
an estimated population of 26, 225 (2019). It is located 10. 5 miles north - west
of Swansea and 12 miles south - east of the county town, Carmarthen.
The subject premises is situated within a popular mixed use location, with the
majority of neighbouring properties utilised as office accommodation for
professionals such as chartered surveyors, accountants, financial advisers and
solicitors, etc. Together with a large number of Victorian townhouses.
**Accommodation**
The subject premises affords the approximate dimensions and areas.
**Ground floor
**
Net Internal Area: 61. 21 sq. m (658. 86 sq. Ft. )
Office 1: 4. 36m x 3. 60m plus bay
Office 2: 4. 17m x 4. 73m plus bay
Office 3: 4. 07m x 4. 57m
W. C. Facilities
Staff Kitchen: 2. 27m x 1. 47m
Rear Entrance Corridor
Providing independent access with stairs to HMO unit.
**Ground floor
**
Gross Internal Area: 87. 50 sq. m (941. 90 sq. Ft. )
Landing
with doors to.
Communal Kitchen: 2. 61m x 3. 67m
Bedroom 1: 3. 33m x 2. 45m
Bedroom 2: 3. 20m x 4. 41m
Communal Bathroom
Bedroom 3: 4. 75mx 4. 21m
Bedroom 4: 4. 70m x 4. 25m
**Rates**
As stated on the voa website the Rateable Value for the subject premises is as
follows:
Ground Floor (Front): £2, 800
Ground Floor (Rear): £2, 225
From April 2018 the Welsh Government set the multiplier according to the
Consumer Price Index (cpi) and for the financial year 2023 - 24 the multiplier
will be 0. 535.
Rates relief for small businesses in Wales will apply up to 31st March 2020.
Rates relief for small business with a rateable value up to £6, 000 will
receive 100% relief and those with a rateable value between £6, 001 and £12, 000
will receive relief that will be reduced on a tapered basis from 100% to zero.
The residential accommodation is rated separately, which has a Council Tax
Band Rating of B.
We advise that all enquiries should be made with the Local Authority Rates
Department to verify this information. For further information visit .
**Vat**
All figures quoted are exclusive of VAT. Our client reserves the right to levy
VAT on this transaction (if applicable).
**Terms & Tenure**
The subject premises is available Freehold, which is currently subject to the
following occupational leases.
**Ground floor
**
Let to R. A. Ure & Co Accountants for a term of 2 years from 1st May 2023 at a
current rent passing of £13, 800 per annum.
**First floor
**
Room 2 - Let to a private individual at a current rent passing of £130 per
week (inclusive).
Room 3 - Let to a private individual at a current rent passing of £150 per
week (inclusive).
Room 4 - Let to a private individual at a current rent passing of £140 per
week (inclusive).
**Viewing**
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: Email:

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