Davies Homes are thrilled to offer for sale this unique opportunity to purchase this well known building in the heart of Llanelli.
Planning Number- PI/01348
The property comes with fully planning permission granted for 12 x 2 bedroom apartments with 1 bathroom each. Planning currently agreed under C3 Use.
The building current has a 7 year lease remaining, but a new lease agreement has been made with the local council to increase the lease to 99 years at £1000PCM with a 2 year free period. The agreement hasnt been accepted yet (not to waste the free lease agreement period). The vendors have documents confirming the lease extension agreement.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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