Co-operative Investment Sale - Stradey District Centre
Sandy Road , Llanelli, SA15 4BRBack to search results
The development consists of a refurbished 4,000 sq ft building let as a Co-operative convenience store. In addition there is 3,000 sq ft of brand new neighbourhood retail units being constructed adjacent, which is available separately.
- 4,000 sq ft Convenience Store
- Unbroken 15 Year Term
- £50,000 p/a
- Let To The Co-operative Group Ltd.
|Size||4,000 sq ft|
The property is prominently located in Stradey which is a densely populated residential suburb of Llanelli. The location provides easy access to neighbouring Swansea 8 miles to the East, and the M4 motorway to the North, as well as good rail links being in proximity to Llanelli station.
The immediate vicinity provides a new development of 355 houses by Taylor Wimpey nearing completion, various educational establishments and The Machynys Golf Club.
Sandy Road , Llanelli, SA15 4BR
The property benefits from the following features.
- 4,000 sq ft Co-operative convenience store.
- Let in shell condition.
- 3 Phase electrical.
- 18 Parking spaces.
Co-operative Convenience Store: 4,000 sq ft / 371.6 sq m
The freehold interest of the property is available for sale.
The unit is let on a new 15 year fully repairing and insuring lease to The Co-operative Group Ltd at £50,000 per annum. The lease contains 5 yearly rent reviews to open market value together with with annual increases linked to RPI capped at 4% and collared at 1%. A copy of the lease can be made available to interested parties.
Asking Price: £775,000 representing a Net Initial Yield of 6.33%.
Terms for the adjacent retil unit can be made available upon request.
An Estate Service Charge will be in place once construction has completed. Further details available in due course.
The Co-operative Group Ltd are the largest Co-operative in the UK providing a secure income stream. Their most recent accounts (ending January 2016) are highlighted below:
The unit benefits from A1 Planning Conscent
Available on enquiry.
VAT & Legal Costs
All prices, premiums and rents are quoted exclusive of VAT. Each party is responsible for their own legal costs incurred in any transaction.