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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 Boots Opticians Professional Services Limited on a 10 year lease which expired 30.04.2024 and paying £34,000 per annum.
We understand the tenant is continuing to occupy the premises and pay rent, and is therefore holding over. We consider the property therefore offers asset management potential via renewal of the lease.
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
Boots Opticians Professional Services Limited
Rent