LYRIC BUILDINGS

CARMARTHEN

You need to be an experienced builder to qualify for this tenancy.  It is the opportunity to exchange working against a 30 year long rent income stream. The materials a special offer grant to resurrect King Street converting 70% of the cost of the refurbishment work which will be established by an architect and a surveyor. So, the building materials and part of working time will be also paid cash by the council. The grant is for the restoration of building in King Street and managed by Mrs R. Brook of the service Economic Development of carmarthenshire.gov.wales

The building is listed and so there is no vacant business rate while no in occupation by sub-tenant

I am offering you a 30 year long leasehold where you will be able to sublet the third floor (300 m2) and also the both offices on first and second in the Lyric buildings (400 m2). You will retain 50% of the rental profit for the duty to put back those offices and keeping then into an appropriate standard to obtain tenants and also refurbishing the comment part: stair case, toilets at the centre, outside cladding, corridor. etc..

For information, the second floor alone (600 m2) did generate an income of £57000 per annum with £33000 of service charge by Cerebra from 2007 to 2019.

You will also be in position to profit for the repairs by the service charge budgets paid by the tenant.

If you use the space for a commercial business of your own, you will be able by paying me 50% of the rateable value.