Property photos
Freehold
Offers in region of
£259,000
(£151.29/sq. ft)
Property for sale
Queen Victoria Road, Llanelli SA151,712 sq. ft
Local area information
Property location
Nearby amenities
- Ysgol Pen Rhos 0.2 miles
- Bigyn County Primary 0.4 miles
- Llanelli 0.4 miles
- Bynea 2.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Large two storey mixed use premises
- 159.02 sq.M (1,711.71 sq. Ft.)
- Ground floor offices with self-contained 4 furnished bedsits
- Let in the majority, producing A current rent passing of £40,800 pa
- Parking to rear for 4-6 spaces
The subject premises comprises a two-storey detached building, currently occupied for use as a mixed use investment, measuring approximately 159.02 sq.m (1,711.71 sq. Ft.) in total, comprising a ground floor office suite together with a self-contained four bedroom House in Multiple Occupation (HMO), arranged over the first floor.
Externally, the subject premises also benefits from designated parking to the rear over an open yard area, providing a total of 4-6 allocated parking spaces.
We further advise that the ground floor office suite is currently occupied by R. A. Ure & Co, which is an established firm of accountants, producing a current rent passing of £13,800 per annum.
The first floor, which can be accessed independently off the rear hallway and corridor comprises a four bedroom House in Multiple Occupation (HMO), supported by a communal kitchen and bathroom facilities. We have been advised that a total of 3 rooms are currently let (Rooms 2,3 and 4), producing a current gross rent of £21,840 per annum (inclusive), equating to an average rental return of £606 per calendar month per room.
Description
The subject premises comprises a two-storey detached building, currently occupied for use as a mixed use investment, measuring approximately 159.02 sq.m (1,711.71 sq. Ft.) in total, comprising a ground floor office suite together with a self-contained four bedroom House in Multiple Occupation (HMO), arranged over the first floor.
Externally, the subject premises also benefits from designated parking to the rear over an open yard area, providing a total of 4-6 allocated parking spaces.
We further advise that the ground floor office suite is currently occupied by R. A. Ure & Co, which is an established firm of accountants, producing a current rent passing of £13,800 per annum.
The first floor, which can be accessed independently off the rear hallway and corridor comprises a four bedroom House in Multiple Occupation (HMO), supported by a communal kitchen and bathroom facilities. We have been advised that a total of 3 rooms are currently let (Rooms 2,3 and 4), producing a current gross rent of £21,840 per annum (inclusive), equating to an average rental return of £606 per calendar month per room.
Location
The property is situated fronting Queen Victoria Road in Llanelli town centre, along a prominent position within close proximity to the main intersection along Station Road and Murray Street.
Llanelli is a market town and the largest community in Carmarthenshire, with an estimated population of 26,225 (2019). It is located 10.5 miles north-west of Swansea and 12 miles south-east of the county town, Carmarthen.
The subject premises is situated within a popular mixed use location, with the majority of neighbouring properties utilised as office accommodation for professionals such as chartered surveyors, accountants, financial advisers and solicitors, etc. Together with a large number of Victorian townhouses.
Accommodation
The subject premises affords the approximate dimensions and areas.
Ground floor
Net Internal Area: 61.21 sq.m (658.86 sq. Ft.)
Office 1: 4.36m x 3.60m plus bay
Office 2: 4.17m x 4.73m plus bay
Office 3: 4.07m x 4.57m
W.C. Facilities
Staff Kitchen: 2.27m x 1.47m
Rear Entrance Corridor
Providing independent access with stairs to HMO unit.
Ground floor
Gross Internal Area: 87.50 sq.m (941.90 sq. Ft.)
Landing
with doors to.
Communal Kitchen: 2.61m x 3.67m
Bedroom 1: 3.33m x 2.45m
Bedroom 2: 3.20m x 4.41m
Communal Bathroom
Bedroom 3:4.75mx 4.21m
Bedroom 4:4.70m x 4.25m
Rates
As stated on the voa website the Rateable Value for the subject premises is as follows:
Ground Floor (Front): £2,800
Ground Floor (Rear): £2,225
From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (cpi) and for the financial year 2023-24 the multiplier will be 0.535.
Rates relief for small businesses in Wales will apply up to 31st March 2020. Rates relief for small business with a rateable value up to £6,000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.
The residential accommodation is rated separately, which has a Council Tax Band Rating of B.
We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .
Vat
All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (if applicable).
Terms & Tenure
The subject premises is available Freehold, which is currently subject to the following occupational leases.
Ground floor
Let to R. A. Ure & Co Accountants for a term of 2 years from 1st May 2023 at a current rent passing of £13,800 per annum.
First floor
Room 2 - Let to a private individual at a current rent passing of £130 per week (inclusive).
Room 3 - Let to a private individual at a current rent passing of £150 per week (inclusive).
Room 4 - Let to a private individual at a current rent passing of £140 per week (inclusive).
Viewing
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: Email:
Externally, the subject premises also benefits from designated parking to the rear over an open yard area, providing a total of 4-6 allocated parking spaces.
We further advise that the ground floor office suite is currently occupied by R. A. Ure & Co, which is an established firm of accountants, producing a current rent passing of £13,800 per annum.
The first floor, which can be accessed independently off the rear hallway and corridor comprises a four bedroom House in Multiple Occupation (HMO), supported by a communal kitchen and bathroom facilities. We have been advised that a total of 3 rooms are currently let (Rooms 2,3 and 4), producing a current gross rent of £21,840 per annum (inclusive), equating to an average rental return of £606 per calendar month per room.
Description
The subject premises comprises a two-storey detached building, currently occupied for use as a mixed use investment, measuring approximately 159.02 sq.m (1,711.71 sq. Ft.) in total, comprising a ground floor office suite together with a self-contained four bedroom House in Multiple Occupation (HMO), arranged over the first floor.
Externally, the subject premises also benefits from designated parking to the rear over an open yard area, providing a total of 4-6 allocated parking spaces.
We further advise that the ground floor office suite is currently occupied by R. A. Ure & Co, which is an established firm of accountants, producing a current rent passing of £13,800 per annum.
The first floor, which can be accessed independently off the rear hallway and corridor comprises a four bedroom House in Multiple Occupation (HMO), supported by a communal kitchen and bathroom facilities. We have been advised that a total of 3 rooms are currently let (Rooms 2,3 and 4), producing a current gross rent of £21,840 per annum (inclusive), equating to an average rental return of £606 per calendar month per room.
Location
The property is situated fronting Queen Victoria Road in Llanelli town centre, along a prominent position within close proximity to the main intersection along Station Road and Murray Street.
Llanelli is a market town and the largest community in Carmarthenshire, with an estimated population of 26,225 (2019). It is located 10.5 miles north-west of Swansea and 12 miles south-east of the county town, Carmarthen.
The subject premises is situated within a popular mixed use location, with the majority of neighbouring properties utilised as office accommodation for professionals such as chartered surveyors, accountants, financial advisers and solicitors, etc. Together with a large number of Victorian townhouses.
Accommodation
The subject premises affords the approximate dimensions and areas.
Ground floor
Net Internal Area: 61.21 sq.m (658.86 sq. Ft.)
Office 1: 4.36m x 3.60m plus bay
Office 2: 4.17m x 4.73m plus bay
Office 3: 4.07m x 4.57m
W.C. Facilities
Staff Kitchen: 2.27m x 1.47m
Rear Entrance Corridor
Providing independent access with stairs to HMO unit.
Ground floor
Gross Internal Area: 87.50 sq.m (941.90 sq. Ft.)
Landing
with doors to.
Communal Kitchen: 2.61m x 3.67m
Bedroom 1: 3.33m x 2.45m
Bedroom 2: 3.20m x 4.41m
Communal Bathroom
Bedroom 3:4.75mx 4.21m
Bedroom 4:4.70m x 4.25m
Rates
As stated on the voa website the Rateable Value for the subject premises is as follows:
Ground Floor (Front): £2,800
Ground Floor (Rear): £2,225
From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (cpi) and for the financial year 2023-24 the multiplier will be 0.535.
Rates relief for small businesses in Wales will apply up to 31st March 2020. Rates relief for small business with a rateable value up to £6,000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.
The residential accommodation is rated separately, which has a Council Tax Band Rating of B.
We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .
Vat
All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (if applicable).
Terms & Tenure
The subject premises is available Freehold, which is currently subject to the following occupational leases.
Ground floor
Let to R. A. Ure & Co Accountants for a term of 2 years from 1st May 2023 at a current rent passing of £13,800 per annum.
First floor
Room 2 - Let to a private individual at a current rent passing of £130 per week (inclusive).
Room 3 - Let to a private individual at a current rent passing of £150 per week (inclusive).
Room 4 - Let to a private individual at a current rent passing of £140 per week (inclusive).
Viewing
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: Email:
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Listed by
Astleys Chartered Surveyors
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Property descriptions and related information displayed on this page are marketing materials provided by - Astleys Chartered Surveyors. Zoopla 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 Astleys Chartered Surveyors for full details and further information.