For Sale By Auction | 12:00, 13 September 2023 | Lot 15

The White Hart, Sycamore Street, Newcastle Emlyn, Carmarthenshire SA38 9AJ

Sold £175,000

  • Mixed Use
  • Tenure: Freehold

Call the team on 02920 475 184 for more information

Auction Date

Wed 13/09/2023

Auction Time

12:00

Auction Venue

ONLINE

Mixed Use Fully Let Commercial Investment Opportunity

A Mixed Use investment opportunity comprising of 2 commercial units to the ground floor along with a 2 bedroom self contained flat to the first floor and a detached substantial stone 2 storey outbuilding providing further investment/development potential. We understand that unit 1 (advised that it measures 363 sqft/33.73sqm) is currently let at £400 p/c/m, unit 2 (advised that it measures 847 sqft/78.72 sqm) is currently let on a short term temporary basis at £200 p/c/m and the flat is let on a weekly rent of £110. Therefore, the total gross annual income being provided stands at £12,900 per annum. Scope for income betterment is also available by way of letting the outbuilding to the rear. Parking provision at the rear will be available from a formal right of way of neighbouring land. The property is located right in the heart of this popular market town which straddles both the counties of Carmarthenshire and Ceredigion. A number of local shops, schools and amenities are located close by and the property also provides good access to the popular Cardigan Bay Coastline.

Tenure

Freehold

Unit 1

Retail trading area with glazed display frontage, kitchen.

Unit 2

Full width trading area, further trading area, 2 x further consulting rooms. Currently let for beauty treatments.

First Floor Flat

25’ x 14’1 Open plan living/kitchen/dining with attractive stone fireplace and ceiling beams, two bedrooms, bathroom.

Detached 2 storey Coach House

Benefiting from power and water connection.

External W/C

Available to commercial occupiers.

Outside

External courtyard and area of off road parking by way of a newly created formal right of way.

Viewings

Via our partner agents Morgan & Davies (Aberaeron) 01545 571770.

Energy Efficiency Rating (EPC)

Current Rating Flat E, Shop B

Local Authority

Carmarthenshire County Council

Solicitors

Howells Solicitors, Fitzalan House, Ref: Howells Solicitors, Tel: 029 2040 4020

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.