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45 Station Road, Burry Port

45 Station Road, Burry Port picture1
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45 Station Road, Burry Port

Summary:

Freehold investment opportunity for sale
Ground floor retail unit and first floor flat
Excellent tenant covenant
8+ years remaining on the lease
Prominent retail location on Station Road
Retail area on ground floor: Net internal area: 73.3m² (789ft²)

LOCATION
Burry Port is located approximately 12 miles south of Carmarthen, 19 miles west of Swansea and 5 miles north-west of Llanelli, lying on the Loughor estuary just off the A484 trunk road.

The subject property is located on Station Road within Burry Port which is the main retail area. Surrounding occupiers comprise of a good mix of local and national retailers including Jenkins Bakery, Premier Stores and Co-op. This picturesque coastal town is also served by a nearby harbour and train station.
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DESCRIPTION
A mid-terraced property arranged over two floors. The ground floor is currently occupied by a betting shop with main retail area, kitchen, WC and office. Lease terms are enclosed within this document.
The first floor comprises a one bedroom flat which is accessed from the rear of the property. The flat is currently vacant and requires some upgrading works throughout.

ACCOMMODATION
Please see attached details.

TENANCY
The property is let on an IRI basis on the following terms:-
Jack Brown (Bookmaker) Ltd for a term of 15 years from 4th February 2012. Current rental £7,600 per annum.
The first floor flat is currently vacant.
BREAK OPTION: Tenant may break the lease on 28th February 2022 on serving not less than 6 months prior written notice

VAT
All figures exclusive of VAT, where applicable.

BUSINESS RATES
Rateable Value £4,800
UBR for Wales 2018/19 51.4p in the £

Interested parties are asked to verify this information by contacting the local authority.

EPC
An Energy Performance Certificate has been commissioned and will be available to view shortly.

TENURE
Our clients freehold interest is available for sale