Investment for sale

The office development is located on the fringe of Carmarthen town centre, overlooking the River Towy, on Old Station Road. Prominent occupiers in the building include Health & Safety Executive, MenCap, Farmers Union Wales, Unison, DVSA and Llanelli Rural Council. Other occupiers in the area include Carmarthenshire County Council, Peter Francis Auctions, Ivy Bush Royal Hotel and a short distance from Carmarthenshire Mainline Railway Station.

Carmarthen is the main County Town of Carmarthenshire and is its administrative centre. Carmarthen benefits from excellent communication links by both rail and road. Swansea and Cardiff are accessed via the A48 dual carriage way and the M4, to the east. The A40 dual (carriage way) provides access to Haverfordwest and ports of Pembroke Dock, Milford Haven and Fishguard, to the west.

TRAVEL DISTANCES FROM CARMARTHEN:

The property comprises of a four storey office building, which was constructed in the 1980’s, having brick elevations and a pitched slate roof. Externally the property benefits from secure forecourt car parking, with further DDA compliant car parking and a loading area to the rear.

Internally the office accommodation comprises a mix of open plan and cellular layouts and is of a high quality office standard, with recent refurbishments.

• 
  
• 8 person passenger lift.
• 
  
• Suspended ceilings and carpeted floors.
• 
  
• Perimeter cable trunking.
• 
  
• Front and rear car parking spaces.
• 
  
• Secure access.
• 
  
• Storage/Archive units available on the lower ground floors.
• 
  
• Easy walking distance to town centre.
• 
  
• Peaceful/Attractive Location
• 
  
• Close to Carmarthen Railway Station
• 
  
• Close to main A road access.
• 
  
• Superfast broadband.
• 
  

ACCOMMODATION

All accommodation listed in the attached tenancy schedule.

EPC

Rating – C

Certificate Number: 1893-8579-7326-5697-8646

RATEABLE VALUE

See attached Tenancy Schedule.

TENURE

We have been informed that the property is held Freehold.

TENANCIES & OCCUPIERS

See attached Tenancy Schedule.

INCOME

Current base rental income is £112,354pax.

The vendor to top up the void base rent on the empty suites for the 1st year after purchase, taking the rental to £151,855.

SALE

Offers in the region of £1,360,000

YIELD PROFILE

Net Initial: 7.81%

Reversionary: 10.56%

Purchasers Costs: 5.78%

Capital Rate Per SQ FT: £106.83 Per SQ F

VAT

All prices are quoted exclusive of VAT. Our client reserves the right to charge VAT on all payments.

LEGAL COSTS

Each party to pay their own legal costs on this transaction.