Property for sale

TO BE SOLD BY ON-LINE AUCTION * AUCTION GUIDE PRICE: £185,000 ( plus fees).  This Auction will be held by our Joint Auctioneers, Auction House Wales, * Bidding will open at 12 Noon on 29th April 2024 and will run until 12 Noon on 1st May 2024

An opportunity to acquire a substantial fully let three story end of terrace mixed use investment property, comprising of a ground floor commercial unit and 5 x 1 bedroom flats to the upper two floors. We are advised that the current total gross annual income is £35,140 per annum (please refer to the legal pack to view tenancy agreements).

The building is located within the historic heart of this County Town next to the statue of General Nott and next to the castle entrance within Nott Square. Nearby are several local and national retailers, public houses, eateries and cinema etc.

Agents Comments
The 3 story building offers mixed use commercial ground floor and residential flats 5 x 1 bedroom to 1st & 2nd floor. A good income is generated from the property with all units currently let giving a potential income of £35,140 per annum.
Situated in the old part of Carmarthen Town and situated next to the statue of General Nott and next to the castle entrance. Close to the shopping center of Carmarthen and cinema, parking at St. Peters car park at the end of King Street or in County Hall when out of work hours or weekend.

Ground Floor
Open retail area with treatment room, store room and w/c with access door to the side of the building.

Upper Floors
5 x 1 Bedroom Flats set over two floors, each with their own kitchens and bathrooms.

Outside
Area to the side of the building for bins etc.

Tenancies
Ground Floor let on a licence basis to an established tenant at £13, 00 per annum.
Flat 1: Let on an AST at £425 per calendar month.
Flat 2: Let on AST at £350 per calendar month.
Flat 3: Let on AST at £330 per calendar month.
Flat 4: Let on an AST at £360 per calendar month.
Flat 5: Let on an AST at £380 per calendar month.
Therefore, the total combined gross annual income is £35,140 per annum.

Tenure
See Legal Pack.

Viewings
Morgan & Davies (Carmarthen) on[use Contact Agent Button]. [use Contact Agent Button] Adequate notice must be provided to tenants for the purpose of viewings.

Local Authority
Carmarthenshire County Council

IMPORTANT NOTICE TO PROSPECTIVE PURCHASERS
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.

Auction Guidance.
The property will be offered for sale subject to the conditions of sale and unless previously sold or withdrawn and a legal pack will be available prior to the Auction for inspection. For further information on the auction process please see Auction House Guide at
Guide Price
Guide prices are issued as an indication of the expected sale price which could be higher or lower. The reserve price, which is confidential to the vendor and the auctioneer is the minimum amount at which the vendor will see the property for and will be within a range of guide prices quoted or within 10% of a fixed guide price. The guide price can be subject to change.

Register to Bid and Legal Pack
We advise all parties to contact/visit https//to register to bid and to also download the legal pack once available.


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.

Location  :  Nott Square is a pedestrianized are and access can be gained on foot from Guildhall Square. Delivery access from King Street or via Quay Street and St. Mary Street.