Retail premises for sale in Main Street, Pembroke SA71

Offers in region of £195,000
Retail premises for sale
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Property features

  • Substantial Town Centre Building
  • Potential For Conversion Of Upper Floors To Residential (stp)
  • Ground Floor Currently Let And Income Producing
  • Further Potential For Residential Conversion Of Rear Garages (stp)

Property description

Substantial town centre premises fronting Pembroke's main shopping street a short walk from the historic castle.

In the main building the ground floor is currently held on a lease by rbs (and was occupied as a National Westminster Bank) expiring in June 2025. The upper floors have not been occupied for several years and are in need of refurbishment. They comprise an office suite to the front of the first floor with a substantial flat to the rear while the second floor appears to have most recently been occupied as offices although we understand in the past it was a second substantial flat.

To the rear is a large garden area while to the back of the site is a block of garages/stores with potential for change of use to residential (subject to planning) and with pedestrian access to the rear lane/local authority car park.

Location

The historic West Wales town of Pembroke is located in south west Pembrokeshire close to the coast and well known holiday areas such as Tenby and Saundersfoot along with many nearby beaches . It is famous for its large Norman castle (birthplace of Henry VII) which is one of the main tourist attractions of the area. Main Street is the town centre shopping street which has a range of shops used by both the local population as well as the busy tourist trade which is at its peak in the summer months and around school holidays.

Tenure

The premises are available freehold subject to the lease of the ground floor to Royal Bank of Scotland Plc / National Westminster Bank Plc for a term ending in June 2025 with a passing rent of £13,437.50 per annum. The premises formerly traded as National Westminster Bank but have been closed for some time meaning there is potential to negotiate a surrender of the lease (subject to terms being agreed) if vacant possession is required.

Accommodation

According to the letting particulars of the agents marketing the ground floor lease it extends to approximately 1,624 sq ft (159.8 sq m).

On the first floor the former offices to the front of th building have a net useable space of approximately 1108 sq ft (102.97 sq m) whereas the flat to the rear has an approximate floor space of 705 sq ft (65.52 sq m) plus hallways and corridors.

On the second floor the office area has a net useable space of approximately 1022 sq ft (94.98 sq m) plus corridors.

To the rear are the three lock up garages/stores but access was not possible during our inspection to check the floor space.

Rates

According to the website the rateable value of the ground floor bank premises is £12,000. Rates are currently the responsibility of the tenant.

We have been unable to identify an entry for the upper floor accommodation possibly as it is currently in need of refurbishment before it could be meaningfully occupied.

Availability

Immediately upon completion of legal formalities.

Viewing Arrangements

Please contact David Cochlin in our Commercial Department on or via email to or

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Property info

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For more information about this property, please contact
John Francis - Narberth Commercial, SA67 on +44 1834 487980 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by John Francis - Narberth Commercial, and do not constitute property particulars. Please contact John Francis - Narberth Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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