Private Treaty £140,000
Water Street, Carmarthen, Carmarthenshire, SA31 1RH

Description


Swift Property Services are pleased to market this investment opportunity in the heart of Carmarthen. 54-55 Water Street is a former commercial property which has full planning permission to convert it to 5 residential apartments. Water street is just a couple of minutes walk from the town centre and the range of amenities it has to offer. The owner has invested heavily in the building and partially completed the work, mainly consisting of structural work to the building and 3 of the apartments are ready for the first fix. For further details and to arrange a viewing please contact Swift Property Services.

The building

Traditional stone building with a new slate roof installed by the current owner. The building was formerly a local chip shop/restaurant & accommodation comprised over 2 floors. There is a large stone outbuilding to the rear which is included within the planning application to be developed in to two of the apartments.

Proposed apartments

The owner has planned and carried out a variety of structural works to allow Two 1 bedroom apartments on the ground floor of the main property with a 2/3 bedroom apartment above. We have been informed by the owner that this part of the property is virtually ready for the first fix. The plans then allow a further Two 2 bedroom apartments to be created in the outbuilding to the rear. The owner has carried out extensive preparatory work for construction works to begin in the barn/outbuilding.

Planning

The full planning application and documents can be found in the planning section of Carmarthenshire County Councils website under planning ref no: W/35416 The sum due for affordable housing contribution due to Carmarthenshire Country Council has already been made by the current owner.

Services & Rates

We are advised that mains gas, electricity and water run in to the building. Rates - A single occupancy rate of council tax band B being paid by the owner with the remainder of the building zero rated while development is taking place.

For further details on this property please give our office a call
01267 231 394

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