Cowell Street, Llanelli

Situation
The property fronts onto one of the main retail areas in the town centre of Llanelli, Carmarthenshire, prominently positioned along a busy thoroughfare for both pedestrians and road users. The property adjoins a number of mixed used properties to include local and national retailers, with a number of bus routes in the immediate locality.

Llanelli is the largest town in the county of Carmarthenshire situated approx. 11 miles north-west of the city of Swansea, and some 12 miles south-east of the county town of Carmarthen.

Description
A two storey mid-terrace building comprising ground floor retail with first floor ancillary accommodation in need of refurbishment.

The ground floor was previously occupied by a successful and well-established arts & crafts business who've recently relocated to a nearby unit. Internally, the accommodation includes a retail area, store, WC, further store and staff facilities. A door leads out to a rear hall housing the gas boiler and stairs to the first floor. A door also leads out to the enclosed yard.

The first floor has been unoccupied for many years and briefly comprises a store, WC and open storage area.

To the rear, there is a small courtyard area with direct access onto rear service lane.

Accommodation
Ground Floor: 1,071 sq. ft. (99.52 sq. m.)
First Floor: 643 sq. ft. (59.78 sq. m.)

Further Information

Tenure
We understand that the property is held freehold with vacant possession upon completion.

Services
We understand that all mains’ services are available in the locality, to include mains water, gas, and electricity. We have not tested the services at the property.

Energy Performance Certificate
EPC Rating E (121).

Occupation
The ground floor was previously let to a local crafts business let for £375pcm (£4,500 per annum) who have relocated to a nearby unit.

Grant Funding
We understand the Local Authority are currently offering grants/loans for the redevelopment of commercial properties similar to the subject as part of the Transforming Towns scheme. Please consult Carmarthenshire County Council for further information.

Wayleaves, Easements and Rights of Way
The property is sold subject to and with the benefit of all right of way, easements and wayleaves (if any).

Planning
Any planning related enquiries to Carmarthenshire County Council Planning Department.

Plans
A copy of the plan is attached for identification purposes only. The purchasers shall be deemed to have satisfied themselves as to the description of the property. Any error or mis-statement shall not annul a sale or entitle any party to compensation in respect thereof.

Fixtures & Fittings
All other fixtures, fittings and furnishings and expressly excluded unless agreed in advance.

Local Authority
Carmarthenshire County Council, District Offices, 3 Spilman Street, Carmarthen, SA31 1LE.
Tel: 01267 234567

Website
For further information, please visit https://www.iamsold.co.uk/estate-agent/reesrichards/

Viewing
Strictly by appointment with the Vendors Sole Agents Rees Richards & Partners.
Please contact Carmarthen Office for further information:
Tel: 01267 612021 or email property@reesrichards.co.uk

Auctioneer's Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.