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22 Stepney Street,

22 Stepney Street, Llanelli, Llanelli, SA15 3UP

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Summary

Retail Unit situated in a prime position in Llanelli town centre, offering the following features:

  • Prime Town Centre Retail Unit
  • Vacant Possession
  • Small Business Rates Relief
  • Glazed Shopfronts
Property Type Retail & Leisure
Tenure For Sale
Status Available
Price £150,000 Long Leasehold / £10,000 per annum
Size2,495 sq ft

Location

Llanelli is situated 15 miles to the West of Swansea and is a major Coastal town. 

The St Elli centre is the major covered shopping facility which includes and Asda foodstore, whilst the newly developed Eastgate incorporates a number of leisure units together with a theatre and Traveloge Hotel.

The subject property occupies a prime location close to the junction of Stepney Street / Vaughan Street and Stepney Precinct which leads to the St Elli Centre.

 

 

22 Stepney Street, Llanelli, Llanelli, SA15 3UP

Description

Specification

The property benefits from the following features.

  • Retail shopfront
  • Glazed front canopy
  • Cleared Ground Floor floorspace
  • Upper floor accommodation
  • Rear delivery access

 

Accommodation

Accommodation

The available accommodation has been measured on a NIA basis in accordance with the RICS Code of Measuring Practice (6th Edition);

Unit sq ft sq m
Ground Floor Sales 1,799 167
First Floor Ancillary 696 65
Total 2,495 232

- Internal Shop width = 6.8m

- Shop Depth = 25.2m

Terms

Tenure

The accommodation is available by way of a new full repairing and insuring lease for a term of years to be agreed.

Alternatively, the long leasehold interest in the property is available for sale. The long leasehold interest has an unexpired term of 45 years subject to a passing ground rent of £320 per annum.

Terms

Long Leasehold sale - £150,000 exclusive.

Leasehold - £10,000 per annum.

 

Other Information

 

Planning

The unit currently benefits from A1 planning consent for retail use. We would encourage interested parties to make their own enquiries with the local planning authority in this regard.

Business Rates

Rates Payable: £4,990 per annum (based on a rateable value of : £10,000).

We understand that the property currently benefits from small business rates relief and would encourage interested parties to make their own enquiries in this regard.

The Valuation Office assessment is available as a download via the BP2 Website.

EPC

The property has been graded as D. The EPC document is available for download via the BP2 website.

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.

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