Ammanford town lies within the county of Carmarthenshire at the foot of the Amman Valley. Llanelli and Swansea City Centre are situated 12 miles south west and 17 miles south respectively. The available property is well positioned on the pedestrianised Quay Street, Ammanford’s primary retailing thoroughfare. Quay Street benefits from a good mixture of local and national retailers. Nearby occupiers include Jenkins Bakery, Boots and Card Factory.
The investment comprises a two storey end of terrace retail unit let to Greggs Plc. The property is situated on a corner position and benefits from a return frontage and rear/side access.
The entire property is let to Greggs Plc on a 10 year full repairing and insuring lease from 29th September 2013 at a current passing rent of £14,500 per annum.
Investment - 27 Quay Street, Ammanford, SA18 3DB
Type: Retail, General Retail, Retail - High Street
27 Quay Street, SA18 3DBGBAmmanfordCarmarthenshireSA18 3DB27, Quay Street
Freehold drive through restaurant facility offering a lease with an excellent covenant
The property is prominently situated at the junction of Cadoxton Road, and the B4434, a busy arterial route into Neath town centre. Nearby occupiers on the Vale of Neath Retail Park include Halfords, Lidl, and Topps Tiles. Both B&Q and Morrisonâs are located further south less than a 5 minute walk from the subject property. A comprehensive school (DWR-Y-FELIN) and Neath Port Talbot college lie within 400 metres of the restaurant. It is also located in the middle of a big residential area.
The tenant UnionBurger Ltd (1) (t/a Burger King) on a FRI 25 year lease with effect from 26/10/1998, paying an annual rent £60,500 per annum exclusive. The rent review is due on the 26th October 2018 has now been agreed at £64,500 pax which will take affect from the due date.
£960,000 plus VAT for the freehold interest subject to the existing tenancy. The above price equals to a Net Investment Yield of 6.29% allowing for purchaser costs of 6.80%
Each party pay their own legal costs incurred in this transaction. The prospective purchaser is, however, required to give an undertaking through their solicitors prior to the commencement of legal formalities for any abortive legal costs if they withdraw from the transaction.
This property is elected for VAT
Vale of Neath Retail Park, West Glamorgan, SA10 7AY
Type: Other, General Retail, Retail - High Street, Retail - Out of Town, Other Property Types & Opportunities, Retail
Vale of Neath Retail Park, Vale of Neath Retail Park, Cadoxton Road Neath, West Glamorgan, SA10 7AYGBNeath Port Talbot, NeathGlamorganSA10 7AYCadoxton Road
The subject branch is located in Uplands, approximately 1.5 miles west of Swansea city centre. The area is a mixed demographic residential area with the Uplands Crescent providing retail and food led provision. The property comprises a 3 storey mid-terraced building of solid brick and stone elevations under a pitched slate roof. Internally, the ground floor is fitted out as a banking hall. The upper floors comprise staff and ancillary areas over the remaining 2 levels.
- Nearby occupiers include the Post office, Sainsbury’s Local and Tesco Metro. - Offering potential for alternative uses or redevelopment, subject to planning. - Available to purchase on a freehold basis with full vacant possession. - Offering 1,595 sq.ft of total accomodation with potential seperate rear access.
Bank - Former in Uplands Swansea For Sale
Type: General Retail, Retail - High Street, Retail