Room in a Shared Flat, King Street, SA31

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

It is 20 meters away from the castle and the former parliamentary building

31m2 to 75 m2 of former Office to convert to convert into flat/aparthotel for tourist under the use class C1 (Hotel).

 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.

There is approximately 3 months’ work per flat for a capable builder.

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.

The council offers a grant of £25000 grant per unit King Street to be put on the market which have been vacant for long. All our aparthotels are all available for this grant.

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

 Symbolic rent of £1 per month per m2 for the first 4 years in order and then £7 per month per m2.

Nearby hotel rent their family room at £220 per day on booking. 2-bedroom flat let £200 per day on AirBNB during the off season. The price increases 3 times during the festive season.

 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).