The Limes Stores High St 1,240 SF 100% Leased Retail Building Llangadog SA19 9BW $784,875 CAD ($632.96 CAD/SF)
INVESTMENT HIGHLIGHTS
- Impressive Georgian Property
- Three Self-Contained Flats - Fully Let
- Rare Opportunity
- Busy Village Shop
- Popular Rural Village
EXECUTIVE SUMMARY
An excellent opportunity to acquire a substantial mixed use three storey Grade II listed Georgian property in the village of Llangadog. The property comprises a village grocery store to the ground floor whilst the upper floors provide three let residential flats producing a good income stream. The property further benefits from a large courtyard to the rear together with two stone outbuildings ripe for conversion (stpp). The property is being sold following a family bereavement and is on the market for the first time in sometime with the current owners having successfully run the premises since the mid 1960's.
The property is held on a freehold basis with vacant possession to be provided on the ground floor unit and rear outbuildings upon completion whilst the flats are subject to the existing occupational contracts.
We understand that the combined income received from the residential units equates to £1,525 per month or £18,300 per annum. In our opinion there is scope to increase the rents in line with current market rates.
The property is held on a freehold basis with vacant possession to be provided on the ground floor unit and rear outbuildings upon completion whilst the flats are subject to the existing occupational contracts.
We understand that the combined income received from the residential units equates to £1,525 per month or £18,300 per annum. In our opinion there is scope to increase the rents in line with current market rates.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,240 SF
Building Class
B
Year Built
1890
Price
$784,875 CAD
Price Per SF
$632.96 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
1 of 1
