Street View

Commercial Property, Carmarthenshire, SA31

15 Red Street, Carmarthen, Dyfed, SA31 1QL

The property comprises a high yielding retail investment occupying a high footfall pedestrianised pitch. Arranged as a ground floor retail unit with ancillary upper parts, the property is let to Trespass Investments Limited (t/a Trespass) on a six year lease expiring 10.07.2031 and paying £52,500 per annum. The tenant has been in occupation 14+ years and we consider the property offers asset management potential via renewal. The property occupies a prominent pitch fronting the pedestrianised Red Street, forming part of the principal retail amenity within Carmarthen. The surrounding area is characterised by a number of national retailers including Greggs, Three, and an M&S department store immediately opposite. High Yielding Retail Investment. Retail Unit and Upper Parts Trespass Investments Limited. Six Year Lease Expiring 10.07.2031. Tenant in Occupation 14+ Years. Asset Management Potential. Approx. 3,553 sq ft (330.1 sq m). Investment Let at £52,500 p.a. (19% GIY on Guide Price) .