Parc Pensarn Retail Park Unit 1 Stephens Way 6,928 SF Retail Building Carmarthen SA31 2NG £1,190,000 (£171.77/SF) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominently positioned on the Parc Pensarn Retail Park, one mile south of Carmarthen Town Centre and adjacent to the A40
- Modern supermarket unit built in 2012 extending to 6,928 sq.ft. (643.63 sq.m)
- Established retail warehouse location adjoining KFC, Dunelm, Dominos Pizza, Subway, Marston’s Family Pub and close to McDonalds
EXECUTIVE SUMMARY
Price – offers in excess £1,190,000
The property is held long leasehold on a 999 year lease from 24th October 2012 at a peppercorn rental.
Let to Farmfoods Ltd on a lease expiring 22nd December 2034 (circa 9 years unexpired)
The property is held long leasehold on a 999 year lease from 24th October 2012 at a peppercorn rental.
Let to Farmfoods Ltd on a lease expiring 22nd December 2034 (circa 9 years unexpired)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Supermarket
Building Size
6,928 SF
Building Class
B
Year Built
2012
Price
£1,190,000
Price Per SF
£171.77
Net Initial Yield
7%
NOI
£83,300
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
1.79 AC
Frontage
55 ft on Stephens Way
1 of 1
NEARBY MAJOR RETAILERS
