We are instructed to seek offers in excess of £630,000 (Six Hundred and Thirty Thousand Pounds) Subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 7.96%, with a reversionary yield of 9.23% in October 2024 assuming purchaser’s costs of 5.13%.
Comprising a shop and two 2 bed flats Entirely let to the excellent covenant Martin McColl Limited expiring 2029 with no breaks Fixed uplift in 2024 (3% per annum compounded) Freehold Total current rents reserved £ 52,749 pa rising to £61,150 pa in October 2024.
Net income yield
Net operating income
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Property facts for 62-62A Heol Morlais, Kidwelly
The property is situated in Trimsaran a community and former mining village which lies on the B 4308 between Llanelli and Kidwelly in the Welsh county of Carmarthenshire Trimsaran is six miles from Llanelli, and 13 miles from Carmarthen It is close to Burry Port harbour, Pembrey Country Park and the Millennium Coastal Park
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