Let to McDonald's Restaurants Limited (sublet to HSBC Bank Plc)
Lease expires June 2033 (No breaks)
HSBC in occupation for over 20 years
Recent interest from McDonald's to re-occupy - planning permission granted for change of use to restaurant/takeaway in January 2024
Pedestrianised town centre location
Nearby occupiers include Asda Supermarket, Boots the Chemist, Nando's, Greggs, Home Bargains and Odeon
Lot 20
Auction 27th March 2024
Rent £49,500 per Annum Exclusive
Status Available
Guide* £490,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
12 miles north-west of Swansea, 54 miles north-west of Cardiff
Roads
A476, A484, A4138, A4214, M4 (Junction 48)
Rail
Llanelli Railway Station
Air
Cardiff International Airport
Situation
The property is prominently situated on the east side of the pedestrianised Vaughan Street, one of the town's primary retail thoroughfares, at its junction with Mincing Lane. Nearby occupiers include Asda, Supermarket, Boots the Chemist, Nando's, Greggs, Home Bargains and Odeon.
Tenure
Long Leasehold. from Carmarthenshire County Council for a term of 125 years from 29/04/1998 (circa 100 years unexpired) at a peppercorn.
Location
Miles
12 miles north-west of Swansea, 54 miles north-west of Cardiff
Roads
A476, A484, A4138, A4214, M4 (Junction 48)
Rail
Llanelli Railway Station
Air
Cardiff International Airport
Situation
The property is prominently situated on the east side of the pedestrianised Vaughan Street, one of the town's primary retail thoroughfares, at its junction with Mincing Lane. Nearby occupiers include Asda, Supermarket, Boots the Chemist, Nando's, Greggs, Home Bargains and Odeon.
Tenure
Long Leasehold. from Carmarthenshire County Council for a term of 125 years from 29/04/1998 (circa 100 years unexpired) at a peppercorn.
Description
The property comprises a banking hall and office accommodation arranged on the ground and first floors, with office and sales accommodation on both floors. The property benefits from 3 car parking spaces and rear service access.
The property comprises a banking hall and office accommodation arranged on the ground and first floors, with office and sales accommodation on both floors. The property benefits from 3 car parking spaces and rear service access.
MCDONALD'S RESTAURANTS LIMITED (1) (sublet to HSBC Bank Plc)
35 years from 04/06/1998 expiring on 03/06/2033, on a full repairing and insuring lease
£49,500
04/06/2028
Total
308.50
(3,320)
£49,500
(1) For the year ending 31/12/2022, McDonald's Restaurants Limited reported a turnover of £1,597,442,000,a pre-tax profit of £170,875,000 and a net worth of £675,611,000 (www.northrow.com)
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.
