5 Maescanner Road, Llanelli, Dyfed, SA14 8LR
Sold
£75,000
11th of October 2022
Brief Description
AUCTION REGISTRATION IS NOW OPEN
THE BIDDING WILL OPEN ON THE 11TH OF OCTOBER AT MID DAY AND WILL CLOSE ON THE 12TH OF OCTOBER AT MID DAY
Opportunity to purchase an investment property located in the heart of Dafen, located on Maescanner Road. The property has a commercial use to the ground floor with planning for a large two bedroom apartment to the first floor. The ground floor has change of use planning, to be used for commercial storage, our commercial department estimate that this would rent out for £600 pcm. The two bedroom flat is currently a shell, a copy of the plans will be included in the details, the planning application reference number is PL/03215 with Carmarthen Council. We estimate that the flat will bring in a rent of £625 pcm. This gives the property a potential income of £1,250 pcm or £15,000 per annum. Please contact the auction department for further information.
TENURE: FREEHOLD | COUNCIL TAX - A
PLEASE BE ADVISED THAT WHILST VIEWINGS ARE RESTRICTED THE PROPERTY WILL NOT BE ENTERED INTO AN ONLINE AUCTION UNTIL THE LEGAL PACK IS COMPLETE AND THERE IS SUFFICIENT INTEREST FOR BIDDING TO COMMENCE.
ANY PRE AUCTION OFFER IS SUBJECT TO AN AUCTION EXCHANGE OF A 10% DEPOSIT, BUYERS PREMIUM AND 28 DAY COMPLETION
Full Description
SUMMARY
Opportunity to purchase an investment property located in the heart of Dafen, located on Maescanner Road. The property has a commercial use to the ground floor with planning for a large two bedroom apartment to the first floor. The ground floor has change of use planning, to be used for commercial storage, our commercial department estimate that this would rent out for £600 pcm. The two bedroom flat is currently a shell, a copy of the plans will be included in the details, the planning application reference number is PL/03215 with Carmarthen Council. We estimate that the flat will bring in a rent of £625 pcm. This gives the property a potential income of £1,250 pcm or £15,000 per annum. Please contact the auction department for further information.
TENURE: FREEHOLD | COUNCIL TAX - A
(PLANNING) COMMERCIAL STORAGE 19.88m x 7.46m max
WOMEN'S W.C
MEN'S W.C
FIRST FLOOR
(PLANNING) FLAT 19.88m x 7.46m max
EXTERNAL
Very overgrown garden to the rear, with first floor access via metal stairs.
N.B
PLEASE BE ADVISED TO REGISTER FOR THE AUCTION YOU WILL NEED TO SUPPLY CARD DETAILS IN ORDER FOR A HOLDING FEE TO BE PLACED ON YOUR CARD. ONLY THE SUCCESSFUL PURCHASER GETS CHARGED, THE RELEASE OF THE HOLDING FEE IF UNSUCCESSFUL COULD TAKE IN EXCESS OF 7 DAYS.
The holding fee is the buyers premium purchase fee which is £2,000. If you are the successful bidder you are contractually bound to exchange, with a 10% deposit, on the property as per the terms and conditions you agreed to when registering for the auction. With completion being 28 days later unless the contract states otherwise. Should the property sell prior to auction the same fee of £2,000 inclusive of VAT is payable.
N.B
Tenure - Freehold
All successful Purchasers will be subject to a buyers premium or holding fee. Legal packs can be downloaded through the Dawsons website www.dawsonsproperty.co.uk
Please note it is the responsibility of all purchasers to conduct their own investigation into all aspects of the property. We recommend reading through the properties legal pack, which is available on our website, prior to bidding and also seek legal advice. If you are successful, you will be required to pay a 10% deposit, together with the buyer’s premium/holding fee and complete in 28 days, therefore we would strongly recommend for you to ensure your finances are in place before the auction, due to the timescales involved.
Floor Plan
EPC
