13 John Street, Llanelli, SA15 1UH

ONLINE AUCTION from 29th JULY-31st JULY A commercial unit with planning permission to develop into 2 x 2-bedroom flats.  The proposed plans consist of a ground floor two bedroom with large open plan kitchen/diner, 2 x double bedrooms, 1 x bathroom, storage, and patio. The first floor flat consists of kitchen/diner, living room, 2 x bedrooms, and bathroom Open market rental value £750 PCM per flat - Total £1500 per 2 flats You wouldn’t be able to use grant money if you rented privately. The property could possibly benefit from a council grant, however subject to application and T&Cs. Lease scheme - Figures below are indicative and should be checked with local authority. The current owner has been granted but you would need to re-apply. £487.50 PCM per flat guaranteed money – Total £975 PCM . Depends on what timescales you go for lease wise. 25 - year lease will get you £30K grant made up of £25k grant money and £5K EPC grant. Total £30K per flat. Total £60,000 5 - year lease will get you £15K grant made up of £10k grant money and £5K EPC grant. Total £15K per flat. Total £30,000 Services: Gas, Electric, Mains water, Main drainage. Rear lane access - The property benefits from a designated private parking space at the front of the property. Location: Llanelli lies on the Carmarthen Estuary 20 minutes drive to the city of Swansea and within easy proximity of the M4 motorway and providing a busy town centre close to the property with busy shopping precinct and wide range of amenities. VIRTUAL TOUR Tenancies To be sold with vacant possession INVESTORS : If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email [email protected] for invaluable advice. Tenure Advised Freehold - to be verified by solicitor Auction Fees And Additional Costs Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) including VAT unless otherwise stated. Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details. * Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.