Town cen­tre’s su­per­store site for sale at £20m

Ma­jor in­vest­ment op­por­tu­nity as Asda site goes on the mar­ket

Llanelli Star - - FRONT PAGE - Ian Lewis

LLANELLI’S Asda su­per­mar­ket and petrol sta­tion site is on the mar­ket in the re­gion of £20.4m.

Hailed as a ma­jor in­vest­ment op­por­tu­nity in the heart of the town cen­tre, Asda would still be the ten­nants of any new owner.

A MA­JOR in­vest­ment op­por­tu­nity is up for grabs in the heart of Llanelli.

The town’s Asda su­per­mar­ket and petrol sta­tion is on the mar­ket in the re­gion of £20.4 mil­lion.

The 72,460 sq ft store will re­main trad­ing as Asda would still be the ten­nants of any new owner un­der the free­hold sale.

Pres­i­dent of Llanelli Cham­ber of Trade David Darkin said it was a fan­tas­tic in­vest­ment for a lan­lord as an on­go­ing con­cern in the trown.

He added: “The Asda site is a pri­mary lo­ca­tion in the town cen­tre, and hav­ing in­vested in the site in re­cent years, such as the petrol sta­tion and click and col­lect sta­tion.

“I be­lieve Asda will con­tinue to thrive in the town for many years to come,” he said.

The free­hold is on the mar­ket with London based prop­erty spe­cial­ists Jack­son Criss who de­scribe the site as a “ma­jor food­store and petrol fill­ing sta­tion in­vest­ment op­por­tu­nity.” Of­fers are now be­ing ac­cepted in ex­cess of £20,450,000.

Its po­si­tion next to the town’s St Elli cen­tre means that as a whole the com­plex at­tracts with ap­prox­i­mately 7 mil­lion vis­i­tors per an­num, which equates to 135,000 per week.

The re­port adds: “The Asda su­per­mar­ket is the dom­i­nant town cen­tre food store and is the prin­ci­pal an­chor of St Elli Cen­tre which was built in 1997 and is the ma­jor re­tail des­ti­na­tion within the town cen­tre and sur­round­ing area. The in­ter­est is to be be sold as a 999-year-long lease­hold in­ter­est at a pep­per­corn rate.”

Jack­son Criss added that Llanelli’s re­gen­er­a­tion should be an at­trac­tive point to any po­ten­tial buyer, adding: “Llanelli town cen­tre and the sur­round­ing area has un­der­gone sig­nif­i­cant trans­for­ma­tion in the last six years with an es­ti­mated £60 mil­lion be­ing com­mit­ted to im­prove the town cen­tre streetscap­e and var­i­ous other cul­tural and re­gen­er­a­tion projects.”

The Asda store in Llanelli town cen­tre.

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