Office for sale in Queen Victoria Road, Llanelli SA15, £225,000

225,000.00

Offer Nr.:
65427423
Type of ad:
for Sale
Property type:
Office
Contact name:
Astleys Chartered Surveyors
Phone(s):
01792 925807

* Freehold
* Large two storey office building
* 220. 12 sq. M (2, 369. 97 sq. Ft. )
* Partly let investment producing £15, 900 pa (inclusive)
* Parking to front for 4 spaces
* Lapsed planning for conversion to 5 flats (ref: S/27965)
The subject premises comprises a large two - storey detached building, currently
occupied for use as offices, measuring approximately 220. 11 sq. m (2, 369. 26 sq.
Ft. ) in total.
We advise that the subject premises was previously occupied for use as a
licensed premises/ drinking establishment, which has since been converted into
a multi - let office building and business centre comprising a range of various
size office suites over both floors.
A total of 3 no. Office rooms are available over the ground floor, which are
supported by ancillary storage accommodation, communal kitchen and w. c.
Facilities. The remaining accommodation arranged over the first floor
comprises a further 4 no. Office rooms, with additional communal kitchen and
w. c. Facilities.
Externally, the subject premises appears to accommodate the majority of the
site, with the exception of a small open courtyard/ parking area to the front,
which benefits from designated parking for approximately 3 - 4 allocated spaces.
The subject premises is occupied in the majority which accommodates a total of
4 tenants (approximately 70% let), producing a current rent passing of £15, 900
per annum (inclusive).
We further advise that the subject premises has previously been granted full
planning permission on 13th May 2013 for the conversion to 5 no. Self -
contained flats (Ref: S/27965), which has since lapsed. A copy of the relevant
planning documentation is also available upon request.
**Description**
The subject premises comprises a large two - storey detached building, currently
occupied for use as offices, measuring approximately 220. 11 sq. m (2, 369. 26 sq.
Ft. ) in total.
We advise that the subject premises was previously occupied for use as a
licensed premises/ drinking establishment, which has since been converted into
a multi - let office building and business centre comprising a range of various
size office suites over both floors.
A total of 3 no. Office rooms are available over the ground floor, which are
supported by ancillary storage accommodation, communal kitchen and w. c.
Facilities. The remaining accommodation arranged over the first floor
comprises a further 4 no. Office rooms, with additional communal kitchen and
w. c. Facilities.
Externally, the subject premises appears to accommodate the majority of the
site, with the exception of a small open courtyard/ parking area to the front,
which benefits from designated parking for approximately 3 - 4 allocated spaces.
The subject premises is occupied in the majority which accommodates a total of
4 tenants (approximately 70% let), producing a current rent passing of £15, 900
per annum (inclusive).
We further advise that the subject premises has previously been granted full
planning permission on 13th May 2013 for the conversion to 5 no. Self -
contained flats (Ref: S/27965), which has since lapsed. A copy of the relevant
planning documentation is also available upon request.
**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 accommodates the following approximate dimensions and
areas:
**Ground floor
**
Net Internal Area: 148. 06 sq. m (1, 593. 71 sq. Ft. )
Office 1: 8. 99m x 6. 58m (max) plus bays
with door to.
Store Room: 1. 61m x 2. 10m
Office 2: 5. 91m x 7. 89m (max)
Former Cellar Store: 6. 18m x 2. 94m
Office 3/ Store: 11. 08m x 8. 13m
with access to single office room.
Communal W. C. Facilities
Communal Kitchen Facilities: 3. 70m x 2. 94m
**First floor
**
Net Internal Area: 72. 06 sq. m (775. 65 sq. Ft. )
Office 4: 5. 57m x 4. 44m
Office 5: 1. 59m x 4. 22m
Office 6: 4. 64m x 3. 75m
Office 7: 4. 06m x 4. 53m
Communal Kitchen: 2. 30m x 2. 44m
Communal W. C. Facilities
**Rates**
As stated on the voa website the Rateable Value for the subject premises is as
follows:
Ground Floor Office 1: £3, 350
Ground Floor Office 2: £2, 550
Ground Floor Office 3: £7, 000
First Floor Offices: £4, 600
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.
We advise that all enquiries should be made with the Local Authority Rates
Department to verify this information. For further information visit .
**Vat**
Please be advised that all figures quoted are exclusive of VAT (if
applicable).
**Terms & Tenure**
The subject premises is available Freehold, which is currently subject to the
following occupational leases.
**Ground floor
**
Office 2 - Let to Ann Physiocare at a current rent passing of £3, 300 per annum
(inclusive)
Office 3 - Let to First Choice Flooring at a current rent passing of £4, 800
per annum (inclusive)
**First floor
**
Offices 4 - 6 - Let to Lilbut Photography at a current rent passing of £6, 000
per annum (inclusive)
Office 7 - Let to a private individual at a current rent passing of £1, 800 per
annum (inclusive)
**Viewing**
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: Email:

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