Strong Rental Income Investment Property with Cafe and Flats for Sale in Llanelli
Llanelli, Carmarthenshire
- Status
FOR SALE
- Date Submitted:
26/10/23
- Advert ID
601712
- Reference
INV35643J / Rightbiz
- Call Agent:
- Freehold: £320,000
- Turnover: £30,800 (£592 Per week)
- Net Profit: Not Applicable
Key Features
- Established Business
- Split Level Trading Area
- Accounts Available
- Prime Location
- Adjacent to Multiple Retailers
- Close to Local Amenities
- Potential for Alternative Use
- Offers Invited
- Retirement Sale
Business Details
INVESTMENT PROPERTY OPPORTUNITY, LLANELLI
Key Features:
- Good Freehold Investment Proposition
- Large, End Terrace/Corner Plot Building
- Long Standing Coffee Shop/Café Tenant
- 2 Flats Above, both Let
- Total Rent Currently Achieved £30,800 p.a
- Secure Yard & Additional Storeroom
- Strongly Located, Opp Main Railway Station
- 9.6%+ Return on Investment Opportunity
- Recommended By Us At EM&F
A large and imposing end terraced, corner plot property, long established, enjoying strong rental income and being positively situated directly opposite the towns main train station.
Long standing Coffee shop/Cafe tenant currently on a 20 year lease advised (16 Yrs appx remaining) and with the added bonus of 2 further self contained flats above (also both tenanted).
Respected 5 star hygiene rated Cafe with good, regular client base advised. Tidily presented and equipped throughout with 60+ covers, having all required trading facilities, a secure rear yard/access (shared with flats) and additional garage/stockroom facility to the very back of the property/plot.
Rent of £20,400 p.a currently achieved (Cafe & stockroom/garage)
The 2 flats above (2 bed & 3 bed) are both spacious and generally welcoming. Both are duly tenanted and currently achieve rental income combined of £10,400 p.a
Overall, the total rental income currently achieved/enjoyed from this property is £30,800 p.a.
Strong investment property/opportunity (Open to price negotiation) and which we at EMF therefore recommend for earliest viewing and consideration.
EPC Ratings.
CAFE C FLATS: E
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01633 868609.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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