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Darkgate Centre 1-3 Red St 34,829 SF 88% Leased Office Building Carmarthen SA31 1QL $1,265,772 ($36.34/SF) 10.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 9 residential apartments
  • Located in the heart of Carmarthen in Wales
  • 20 office spaces located on 1st and 2nd floor

EXECUTIVE SUMMARY

Offers in excess of £950,000 for the 999 long leasehold interest. This represents a low capital value of £59.05 psf, which is less than replacement cost.
The building's current residential and commercial tenants produce a combined income of £102,126 PA.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Building Size
34,829 SF
Building Class
C
Year Built
1967
Price
$1,265,772
Price Per SF
$36.34
Cap Rate
10.75%
NOI
$136,072
Percent Leased
88%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
8,707 SF
Building FAR
1.05
Lot Size
0.76 AC
Parking
35 Spaces (1 Spaces per 1,000 SF Leased)

AMENITIES

  • Energy Performance Rating - D
  • Direct Elevator Exposure
  • Open-Plan
  • Partitioned Offices

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 4
  • 1,283 SF
  • Office
  • Partial Build-Out
  • Now

Recently refurbished wing on the second floor in a purpose built office block with retail units on the ground floor. Access to the upper floors is via a secure front door on Red Street with a lift and stairwell access to each floor. The available office space is rooms from approx 146 sq ft (13.57 sq m) to 616 sq ft (57.25 sq m) with communal male and female WC and kitchen facilities managed by the landlord.

  • 1st Fl-Ste 5
  • 2,098 SF
  • Office
  • Partial Build-Out
  • Now

Recently refurbished wing on the second floor in a purpose built office block with retail units on the ground floor. Access to the upper floors is via a secure front door on Red Street with a lift and stairwell access to each floor. The available office space is rooms from approx 146 sq ft (13.57 sq m) to 616 sq ft (57.25 sq m) with communal male and female WC and kitchen facilities managed by the landlord.

  • 2nd Fl-Ste 13
  • 398 SF
  • Office
  • Partial Build-Out
  • Now

Recently refurbished wing on the second floor in a purpose built office block with retail units on the ground floor. Access to the upper floors is via a secure front door on Red Street with a lift and stairwell access to each floor. The available office space is rooms from approx 146 sq ft (13.57 sq m) to 616 sq ft (57.25 sq m) with communal male and female WC and kitchen facilities managed by the landlord.

  • 2nd Fl-Ste 14
  • 414 SF
  • Office
  • Partial Build-Out
  • Now

Recently refurbished wing on the second floor in a purpose built office block with retail units on the ground floor. Access to the upper floors is via a secure front door on Red Street with a lift and stairwell access to each floor. The available office space is rooms from approx 146 sq ft (13.57 sq m) to 616 sq ft (57.25 sq m) with communal male and female WC and kitchen facilities managed by the landlord.

Space Size Space Use Condition Available
1st Fl-Ste 4 1,283 SF Office Partial Build-Out Now
1st Fl-Ste 5 2,098 SF Office Partial Build-Out Now
2nd Fl-Ste 13 398 SF Office Partial Build-Out Now
2nd Fl-Ste 14 414 SF Office Partial Build-Out Now

1st Fl-Ste 4

Size
1,283 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 5

Size
2,098 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 13

Size
398 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 14

Size
414 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 4

Size 1,283 SF
Space Use Office
Condition Partial Build-Out
Available Now

Recently refurbished wing on the second floor in a purpose built office block with retail units on the ground floor. Access to the upper floors is via a secure front door on Red Street with a lift and stairwell access to each floor. The available office space is rooms from approx 146 sq ft (13.57 sq m) to 616 sq ft (57.25 sq m) with communal male and female WC and kitchen facilities managed by the landlord.

1st Fl-Ste 5

Size 2,098 SF
Space Use Office
Condition Partial Build-Out
Available Now

Recently refurbished wing on the second floor in a purpose built office block with retail units on the ground floor. Access to the upper floors is via a secure front door on Red Street with a lift and stairwell access to each floor. The available office space is rooms from approx 146 sq ft (13.57 sq m) to 616 sq ft (57.25 sq m) with communal male and female WC and kitchen facilities managed by the landlord.

2nd Fl-Ste 13

Size 398 SF
Space Use Office
Condition Partial Build-Out
Available Now

Recently refurbished wing on the second floor in a purpose built office block with retail units on the ground floor. Access to the upper floors is via a secure front door on Red Street with a lift and stairwell access to each floor. The available office space is rooms from approx 146 sq ft (13.57 sq m) to 616 sq ft (57.25 sq m) with communal male and female WC and kitchen facilities managed by the landlord.

2nd Fl-Ste 14

Size 414 SF
Space Use Office
Condition Partial Build-Out
Available Now

Recently refurbished wing on the second floor in a purpose built office block with retail units on the ground floor. Access to the upper floors is via a secure front door on Red Street with a lift and stairwell access to each floor. The available office space is rooms from approx 146 sq ft (13.57 sq m) to 616 sq ft (57.25 sq m) with communal male and female WC and kitchen facilities managed by the landlord.

  • Listing ID: 34169963

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 1-3 Red St, Carmarthen SA31 1QL

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