4a Vaughan Street Llanelli Carmarthenshire SA15 3TY

  • 4a Vaughan Street<br>Llanelli<br>Carmarthenshire<br>SA15 3TY

4a Vaughan Street
Llanelli
Carmarthenshire
SA15 3TY

Well-Secured Retail Investment

  • 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
Important Update
  • Expand
  • Photos
  • Map

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

Well-Secured Retail Investment

  • 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.

VAT

VAT is applicable to this lot.

Note

McDonald's plans return to Llanelli town centre (see attached article dated 25/09/2023)- https://www.walesonline.co.uk/whats-on/food-drink-news/mcdonalds-plans-return-llanelli-town-27782009

Completion Period

Six Week Completion

EPC

Band C

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.

VAT

VAT is applicable to this lot.

Note

McDonald's plans return to Llanelli town centre (see attached article dated 25/09/2023)- https://www.walesonline.co.uk/whats-on/food-drink-news/mcdonalds-plans-return-llanelli-town-27782009

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
(Approx sq ft)
Tenant Term Rent p.a.x. Rent Review
Ground
First
Bank
Offices/Ancillary
194.00
114.50
(2,088)
(1,232)
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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    26.03.24
    File Size
    9 MB
    Login to View
  • Brochure
    Updated Date
    27.03.24
    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
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Seller's Solicitors
Spire Solicitors LLP Holland Court, The Close
Norwich
NR1 4DY
Protima Sikdar-Wood 01603 677077psw@spiresolicitors.co.uk

Useful Links

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

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