Garage, 23 Penallt Road, Llanelli SA15 1HF

Description

A wonderful opportunity to acquire this single, detached lock up garage unit, suitable for various uses subject to the necessary consents being obtained.

Accommodation

Single, detached lock up garage unit

Location

The site is well positioned for access to the main town centre of Llanelli, and a wide range of amenities and facilities in the local area.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are houses, not garages, so they do not support a garage valuation. No specific rental evidence or auctioneer rent estimate is provided. The £1 guide is not evidence of market value.

Investment Snapshot

Strategy Recommendation

Do not bid until the legal pack confirms title, tenure, access, liabilities and permitted use. Treat the £1 guide as an auction entry price only.

Works Required

No physical works are evidenced. Confirm condition, access, services, title and any proposed use or alterations through the legal pack and required consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable: no GDV, rent, refurbishment budget or refinance evidence is available.

Buy-to-Let Analysis

BTL analysis cannot be established because no rent evidence is provided and the asset is a single garage rather than evidenced residential accommodation.

Flip Analysis

A flip surplus cannot be calculated because no garage resale evidence, GDV or selling allowance is provided. The residential comparables are not sufficiently specific.

Investor Risks & Due Diligence

• Tenure and title details are deferred to the legal pack.

• Additional search, legal, transfer, seller-cost and other disbursements may apply.

• Any alternative use or alterations require necessary consents.

• No garage-specific market or rental evidence supports value or income assumptions.

• The £2,400 administration charge is payable on exchange and is disproportionate to the £1 guide price.

Recommendation

Do not bid until the legal pack confirms title, tenure, access, liabilities and permitted use. Treat the £1 guide as an auction entry price only.

Strategy Rating

Analysis Confidence

The evidence lacks garage comparables, rent, tenure details, occupancy, condition, services and a usable valuation basis.