6 Vaughan Street Llanelli SA15 3TY

6 Vaughan Street
Llanelli
SA15 3TY

  • 6 Vaughan Street<br>Llanelli<br>SA15 3TY

Freehold Town Centre Retail Investment

  • Let to Savers Health and Beauty Limited (t/a Savers)
  • 5 year lease from January 2020 (subject to option)
  • January 2022 tenant break option not exercised
  • Approximately 10,596 sq ft
  • Nearby retailers include Superdrug, Boots the Chemist, Home Bargains and Greggs.
  • VAT-free investment
  • Lot
    37
  • Auction
    12/Jul/2022
  • Rent
    £17,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £140,000 - £160,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
12 miles north-west of Swansea, 54 miles north-west of Cardiff
Roads
A484, A476, M4 (Junction 48)
Rail
Llanelli Railway Station
Air
Cardiff International Airport
Situation

The property is situated in a prominent position on the eastern side of Vaughan Street, one of the town's primary retail thoroughfares. Nearby occupiers include Superdrug, Boots the Chemist, Home Bargains and Greggs.

Tenure

Freehold.

Location
Miles
12 miles north-west of Swansea, 54 miles north-west of Cardiff
Roads
A484, A476, M4 (Junction 48)
Rail
Llanelli Railway Station
Air
Cardiff International Airport
Situation

The property is situated in a prominent position on the eastern side of Vaughan Street, one of the town's primary retail thoroughfares. Nearby occupiers include Superdrug, Boots the Chemist, Home Bargains and Greggs.

Tenure

Freehold.

Description

The property comprises a large shop arranged on the ground floor with ancillary accommodation arranged on the basement, first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

6 weeks completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a large shop arranged on the ground floor with ancillary accommodation arranged on the basement, first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

6 weeks completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
Ground
Basement
First
Second
Retail/Ancillary
Ancillary
Ancillary
Ancillary
258.50
259.90
210.60
255.39
(2,782)
(2,798)
(2,267)
(2,749)
SAVERS HEALTH AND BEAUTY LIMITED (1) (t/a Savers) 5 years from 09/01/2020 (2) on a full repairing & insuring lease
£17,500
Total  
984.30
(10,596)
   
£17,500

(1) For the year ending December 2020, Savers Health & Beauty Limited recorded a pre-tax profit of £40,311,000 , turnover of £536,123,000 and a shareholders funds of £125,402,000 (Northrow 08/06/2022) Savers trade from over 400 stores in England, Scotland, Wales and Northern Ireland (www.savers.co.uk)
(2) The lease is subject to a tenant option to determine on 09/01/2024. The tenant did not operate their option to determine on 09/01/2022

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    23.06.22
    File Size
    18 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Knights Plc 400 Dashwood Lang Road
Weybridge
Surrey
KT15 2HJ
Oliver Lewis 01932 590 627oliver.lewis@knightsplc.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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