Retail premises for sale in Main Street, Pembroke SA71

For sale by auction on Wednesday, 01 May 2024 at 12:00

Venue: Online

Part Let Town Centre Mixed Use Investment/Development Opportunity

An opportunity to acquire a three storey mid terraced part let mixed use property, comprising of a commercial ground and lower ground floor commercial element, which is currently leased to the established operator Redwing Travel Agents at £10,000 per annum until 2030. To the upper two floors is a substantial three bedroom self-contained apartment that requires modernisation. In our opinion, the upper floors could be subdivided to provide 2 independent units subject to planning and usual consents.

The building is located on the High Street of this very popular County town alongside a variety of retailers. Good access is provided to the Pembrokeshire coastline and the A477 and the M4 along with the Pembrokeshire Coastline which attracts a large number of visitors. The town also has a historic castle nearby set on the banks of the Pembroke River.

Ground Floor
Large showroom with glazed frontage, rear hallway with staff room, kitchenette, W/C. Staircase to lower ground floor.

Lower Ground Floor
Two storage rooms.

Self-contained side access with staircase to upper floor residential element.

First Floor
Landing, open kitchen/dining room, large lounge.

Second Floor
Landing, Three bedrooms, bathroom.

Tenancies
Ground Floor lease until 2030 to Redwing Travel Agents at £10,000 per annum. Please refer to the legal pack for a copy of the lease.

Viewings
Through our partner agents Guy Thomas Estate Agents on EPC Rating: D

Additional Fees
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.