Investment for sale

The development is located on the rapidly expanding Llanelli Gate site, some 2 miles North West of Llanelli Town Centre, and 3 miles South of J48 of the M4 motorway.

The location has seen the development of a 23,700 sq ft Technium of Performance Engineering, known as The Beacon, together with some 90,000 sq ft of warehouse/industrial units developed by the Welsh Industrial Partnership.

The M4 motorway provides access to Swansea, the commercial hub of West Wales, as well as good road links to Carmarthen which lies to the North West.

A purpose-built detached office building on ground and part first floor.

The building benefits from independent access with the ground floor configured in an open plan design, whilst the first floor is split into cellular offices. W/C facilities are provided on the ground floor in addition to a fully integrated kitchen. The building benefits from a lift to the first floor.

ACCOMMODATION

Modern self-contained office accommodation across 2 floors:

RATEABLE VALUE

We have been informed via an online enquiry with the Valuation Office web site, that the property has the following rateable value: £35,750

UBR for Wales 2024/25 is 0.562p in £.

TENURE

We advised the property is held freehold.

TENANCY

The property is let Cosmeditech LTD on a full repairing lease for a term expiring 25 October 2028. The passing rent is £36,000pax.

EPC

Energy rating A – 19 (see certificate below)

PROPOSAL

Seeking offers in the region of £415,000 (Four Hundred and Fifteen Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a capital value of £100 per sq. ft, and the following yield profile:

Net Initial Yield: 8.34%

Assuming standard purchaser’s costs at 3.96%