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62-62A Heol Morlais

Shop for sale

£630,000 2,566 sq ft

Savoy Stewart
View the performance or update the listing in CoStar
Contact name

Nick Sherling - Savoy Stewart

Full address
62-62A Heol Morlais, Kidwelly SA17 4DG – SA17
Highlights
  • Good natural light
  • Prominent location
  • It is close to Burry Port harbour, Pembrey Country Park and the Millennium Coastal Park
Property type
Shop for sale
Asking price
£630,000
Available space range
There is 1 space available. This measures 2,566 sq ft.
Features
Property Manager on Site, Energy Performance Rating - C
Brochure
Download the brochure

Sale details

Sale unit 4041709 Available

2,566 sq ft, £245.52 per sq ft

Unit Sale unit 4041709
Address 62-62A Heol Morlais, Kidwelly, Dyfed, SA17 4DG, GB
Size 2,566 sq ft
Price £630,000
Price per unit £245.52 per sq ft
Unit Sale unit 4041709
Address 62-62A Heol Morlais, Kidwelly, Dyfed, SA17 4DG, GB
Size 2,566 sq ft
Price £630,000
Price per unit £245.52 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 7.96%
Financial type Actual
Financial year 2018
Net operating income £50,148

Sale notes

  • 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.

Property description

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

Building subtype
Storefront
Number of storeys
2
Rentable building area
2,566 sq ft
Year built
1983

Attachments

PDF #1 Marketing brochure/flyer Download

Major tenants

McColl's 2,566 sq ft

This shop for sale is located in SA17.

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View the performance or update the listing in CoStar

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Savoy Stewart. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Savoy Stewart for full details and further information.