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Carmarthenshire - Substantial Pub & Restaurant

Wales

£225,000
Listed on 01/01/2023

Property Details

Bedrooms
N/A
Type
House

Description

This substantial property, prominently located along the A476 in the village of Carmel, presents a unique opportunity for renovation and investment. Comprising a mix of stone and brick construction, with rendered and color-washed elevations under a slate-tiled roof, the property offers generous trading spaces. The layout includes a spacious public bar that features an engaging games area and a large lounge bar/restaurant/function room capable of comfortably seating 70 guests or accommodating up to 100 buffet-style. The owners’ accommodation comprises three sizable bedrooms and a comfortable lounge area, providing ample living space for future occupants. Additionally, the property boasts an enclosed private garden and extensive outdoor space that could be revitalized for trade purposes. With approximately 22 parking spaces available, this site is well-equipped to accommodate a thriving business. Previously operating as a public house and restaurant with the potential for community engagement, the Temple Bar Inn has seen fluctuating operations tailored to current ownership's needs. However, there is substantial scope for new owners to breathe new life into this property by re-establishing it as a vibrant business hub in the locality. Notably, outline planning permission has been sought for conversion into residential development comprising five dwellings. This presents further opportunities should an investor wish to explore alternative use cases for the site while maintaining its historical significance within the community.

Investment Analysis

(SA14 area)
Area Average
£202/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
70%
Properties sold annually

Local Market Trend (SA14)

Area prices are rising by +5.2% over the last 12 months
3 year growth: +8.7%
5 year growth: +23.9%
Investment Disclaimer: Analysis based on SA14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Carmarthenshire - Substantial Pub & Restaurant
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£811
Based on a loan of £168,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Price History

-9.6% since listed
£225,000£10,000(-4.3%)
24/08/2024
Current price
£235,000£14,000(-5.6%)
24/05/2024
£249,000Initial listing
31/12/2022

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