30-32, New Dock Road Llanelli, SA15 2EL
For Sale
£130,000
Brief Description
AUCTION REGISTRATION IS NOW OPEN
THE BIDDING WILL OPEN ON THE 6TH OF AUGUST 2025 AT 11AM AND WILL CLOSE ON THE 6TH OF AUGUST 2025 AT 12PM
A unique investment opportunity comprising a mixed-use property in Llanelli, offered for sale by auction. The building includes two commercial units and two residential flats, all in need of renovation, presenting significant potential for redevelopment or income generation.
Commercial Unit 1: Comprises three rooms and a W.C., ideal for a variety of uses (subject to planning).
Commercial Unit 2: A single-room unit, suitable for a small office or retail space.
Flat 1: Features two reception rooms, one bedroom, a kitchen, and a bathroom.
Flat 2: Arranged over two floors with a ground floor reception room, kitchen, and bathroom, and two bedrooms on the first floor.
The property requires comprehensive refurbishment but offers excellent scope for improvement and rental yield once modernised. Conveniently located within Llanelli, close to local amenities and transport links.
Auction Opportunity – Not to Be Missed
Full Description
Ground Floor
Commercial Unit
Room 1 - 18'4" x 11'9" (5.6m x 3.6m)
Commercial unit 2
Room 1 - 15'8" x 11'9" (4.8m x 3.6m )
Room 2 - 15'8" x 10'9" (4.8m x 3.3m )
Room 3 - 8'2" x 7'2" (2.5m x 2.2m )
W.C
First floor Flat 1
Reception Room 1 - 13'9" x 12'1" (4.2m x 3.7m )
Bathroom
Kitchen - 4'11" x 9'10" (1.5m x 3.0m )
Reception Room 2 - 13'1" x 8'6" (4.0m x 2.6m )
Bedroom 1 - 5'10" x 13'1" (1.8m x 4.0)
Ground Floor Flat 2
Reception Room 1 - 8'10" x 11'1" (2.7m x 3.4m )
Kitchen - 8'6" x 6'6" (2.6m x 2.0m )
Bathroom
First Floor Flat 2
Bedroom 1 - 10'9" x 8'10" (3.3m x 2.7m )
Bedroom 2 - 8'10" x 9'6" (2.7m x 2.9m )
Tenure - Freehold
Council Tax Band - B
EPC - TBC
Further Information
As a prospective bidder, it's crucial to understand and adhere to the following key points regarding the auction process:
1. Due Diligence: You are responsible for thoroughly investigating all aspects of the property you intend to bid on. This includes scrutinising the legal pack, which is available upon request from Dawsons Auction House. Make sure to assess property conditions, legal
title, and any potential obligations or restrictions.
2. Legal Advice: Seeking legal advice before participating in the auction is highly recommended. This can help clarify any questions or concerns you may have regarding the property or the bidding process.
3. Contractual Obligations: If you are the successful bidder, you will be legally bound to exchange contracts immediately. This requires you to pay a deposit of 10% of the purchase price. Additionally, you will need to pay a buyer's premium of £3,000 which includes VAT. Be
prepared to make these payments on the auction day itself, as they are pivotal in securing your purchase.
4. Completion Timeline: The completion of the purchase must occur within 28 days, unless the contract specifies otherwise. Thus, having your finances ready and approved prior to the auction is essential to meet this timeline without complications.
5. Fees: It’s important to note that the buyer’s premium of £3,000 (inclusive of VAT) applies even if the property sells before the auction event. By ensuring you are well-informed and prepared, you can navigate the auction process more effectively.
Floor Plan
