Retail premises for sale in 31 Quay Street, Ammanford SA18, £170,000
170,000.00
Offer Nr.:
63420335
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Glanmor Chartered Surveyors
Phone(s):
01792 738827
Email:
* Mixed use investment oppourtunity
* 8. 9% gross initial yield
* Gross income £15, 200pax
**Location**
The property is located in a prominent position on Quay Street,which is the
main pedestrianised area of Ammanford Town Centre. Ammanford is located
approximately 5 miles from the M4 motorway and approximately 17 miles from
SwanseaCity Centre. Nearby occupiers include a mix of local and national
retailers including, Greggs, Card Factory, Lloyds Bank, Home Bargains, Iceland
and Jenkins Bakery.
**Description**
The property comprises a three - story commercial premises, comprising a ground
floor shop, together with a self - contained first and second flooroffice. The
ground floor shop is accessed via a glazed shop front from the pedestrianised
Quay Street and comprises a main sales area, supported by a walkthroughoffice
room, staff kitchen and WC facilities. The retail premises is currently
occupied by wam Enterprises Limited T/a The Vape Escape. The first and second
floors arealso accessed via a separate access from Quay Street and are
occupied by Salter Kelly Solicitors. Internally the offices comprise of a
number of cellular office roomswith staff kitchen and WC facilities.
**Tenure**
The property is available Freehold.
**Terms**
The Freehold of the entire building is for sale at an asking price of£170, 000
which equates to a gross initial yield of 8. 9%.
Lease terms:
Ground Floor: Occupied on a 5 year internal repairing and insuring Lease with
3rd year tenantonly break option to wam Enterprises Limited T/a The Vape
Escape. Let at an agreed Rent of £10, 000pax.
First/Second Floor Office: Occupied on a 5 year internalrepairing and
insuring Lease with 3rd year tenant
only break - option. Let at an agreed Rent of £5, 200pax
Further Lease details and tenant information can be providedupon application.
**EPC rating**
Available upon request.
**VAT**
All figures are exclusive of VAT, where applicable.
* 8. 9% gross initial yield
* Gross income £15, 200pax
**Location**
The property is located in a prominent position on Quay Street,
main pedestrianised area of Ammanford Town Centre. Ammanford is located
approximately 5 miles from the M4 motorway and approximately 17 miles from
Swansea
retailers including, Greggs, Card Factory, Lloyds Bank, Home Bargains, Iceland
and Jenkins Bakery.
**Description**
The property comprises a three - story commercial premises, comprising a ground
floor shop, together with a self - contained first and second floor
ground floor shop is accessed via a glazed shop front from the pedestrianised
Quay Street and comprises a main sales area, supported by a walkthrough
room, staff kitchen and WC facilities. The retail premises is currently
occupied by wam Enterprises Limited T/a The Vape Escape. The first and second
floors are
occupied by Salter Kelly Solicitors. Internally the offices comprise of a
number of cellular office rooms
**Tenure**
The property is available Freehold.
**Terms**
The Freehold of the entire building is for sale at an asking price of
which equates to a gross initial yield of 8. 9%.
Lease terms:
Ground Floor: Occupied on a 5 year internal repairing and insuring Lease with
3rd year tenant
Escape. Let at an agreed Rent of £10, 000pax.
First/Second Floor Office: Occupied on a 5 year internal
insuring Lease with 3rd year tenant
only break - option. Let at an agreed Rent of £5, 200pax
Further Lease details and tenant information can be provided
**EPC rating**
Available upon request.
**VAT**
All figures are exclusive of VAT, where applicable.
Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)
