This distinctive property presents a compelling opportunity for renovation and investment in the vibrant heart of Llanelli. Currently recognized as a well-known local building, it boasts fully granted planning permission for the development of 12 two-bedroom apartments, each equipped with one bathroom. With planning consent classified under C3 Use, potential developers can capitalize on this established framework to bring their vision to life.
The property includes a remaining seven-year lease; however, there is an agreement underway with the local council to extend this lease to an impressive 99 years at a rate of £1,000 per calendar month, with an attractive two-year rent-free period designed to optimize initial investment returns. This pending agreement is supported by documented confirmation from the vendors, ensuring that future owners can move forward with confidence.
Situated in a location that benefits from local amenities and accessibility, this property not only offers immediate development potential but also positions itself strategically for long-term value appreciation. Whether you are looking to undertake a significant renovation project or seeking a sound investment in residential development, this opportunity merits closer consideration.
