LYRIC BUILDINGS

CARMARTHEN

 

Locate at the centre of Carmarthen, the oldest city South Wales city of the legend, city of Merlin.

It is 20 meters away only from the castle. It was a parliamentary library in 1820

We offer spaces from 31m2 to 75 m2 of former office to convert into flat or aparthotel for tourist under the use class C1 (Hotel).

Nearby apphotel 2 bedroom flat rent their family room at £220 per day on booking. and  AirBNB during the off season. The price increases 3 times during the festive season.

 

 Symbolic rent of £1 per month per m2 for the first 4 years in order and then £2 per month per m2 for the next 6 years and then £5 per m2 per month indexed by inflation.

The lease is long leasehold from 10 to 45 years long with a break option every 5 years. As being a short leasehold, the cost of the leasehold is tax deductible from income tax.

 

Also, the Lyric Building is a listed building therefore you will have no vacant business rent if you don’t let it.

 

 

 Each aparthotel could be turning as a dormitory for student 10 people to 30 people depending of the size.

There is a large available of 20 units and you would be able to apply to several AppartHotel.

An aparthotel is taxed on business rate but it can be turned into a flat and so council tax would apply (use class C3).

 It would be automatically to turn into a flat if owner lived in it for 4 years. Great View of the medieval castle from the property, being only 20 meters away from it.

The manager of the bar below can organize the marketing and the management of your customer for 30% commission.