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The property comprises a high yielding retail investment occupying a high footfall pedestrianised pitch.
Arranged as a double ground floor retail unit with ancillary upper parts, the property is let to Pavers Limited on a five year lease expiring 06.07.2027 and paying £40,000 per annum.
The tenant did not exercise their 2025 break option, displaying confidence in the location and we therefore 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.
Tenure
Freehold
Tenancy
Pavers Limited
D&B Rating - 5A2
Turnover (2025) - £171m
Pre-Tax Profit (2025) - £9.6m
Rent