Property for sale

Main Street, Pembroke SA71

Established food retailer and freehold premises – £400,000 as a going concern

An opportunity to acquire the Pembroke operation of Wisebuys, an established independent food retailer and delicatessen, together with its freehold Main Street premises and three-bedroom maisonette.

Established in the 1980s, Wisebuys has longstanding roots in Pembrokeshire, with shops in Pembroke and Narberth. The business specialises in quality fresh produce, local foods and delicatessen products, bringing together Welsh suppliers and speciality groceries. Both stores are licensed to sell alcohol and stock an extensive range of spirits, wines and beers, including local and Welsh specialities. Its established trading history provides a foundation for a purchaser to continue and develop the business.

The Pembroke premises offer substantial ground-floor retail accommodation, comprising a main shop and rear sales area, supported by a stockroom, cold room, office and WC. Above is a three-bedroom maisonette arranged over the first and second floors, with a lounge, kitchen, conservatory, bathroom and separate WC. The maisonette is currently let at £650 per calendar month under a standard occupation contract. Rear access from The Parade provides convenient access for deliveries, with staff parking also available.

The sale offers the opportunity to continue an established food business, with scope to explore further retail, online and wholesale opportunities. Accounts and further business information are available to suitably qualified purchasers, subject to appropriate confidentiality arrangements.

The Pembroke business and premises are available individually or together with the Narberth operation and its freehold premises. Stock will be valued on completion and paid for in addition to the purchase price.

EPC Rating: D

Location

Pembroke is a historic town in south Pembrokeshire, centred around its impressive medieval castle and traditional Main Street. The picturesque Mill Pond and surrounding walks add to the town’s appeal, while its shops, cafés and visitor attractions serve both the local community and visitors to the area.

Investment in the nearby South Quay regeneration scheme includes the forthcoming Henry Tudor Centre, a new library, café and enhanced community facilities, further developing the town’s visitor and leisure offering. Wisebuys occupies a central Main Street position within this established retail setting.

Main Shop (11.77m x 7.28m)

Rear Shop (4.35m x 4.23m)

Stock Room (6.25m x 4.45m)

Office (1.51m x 1.43m)

Wc (1.57m x 1.30m)

Cold Room (3.8m x 1.8m)

Conservatory (3.58m x 2.95m)

Kitchen (4.47m x 4.32m)

Bathroom (3.15m x 1.73m)

Lounge (5.16m x 4.24m)

Bedroom 3 (4.88m x 3.23m)

Bedroom 1 (5.18m x 4.14m)

Bedroom 2 (5.18m x 3.38m)

Sale Information

Asking price: £400,000 for the Pembroke freehold premises and associated business operation as a going concern. The Narberth premises and business operation are available separately. Enquiries for the entire business and both premises are also invited.

Further information about what is included in each sale and the proposed terms of transfer is available through the selling agents.

Residential Letting

The three-bedroom maisonette is currently let under a standard occupation contract at £650 per calendar month, equivalent to £7,800 per annum. The sale is subject to the existing occupation contract. Further tenancy information is available through the selling agents.

Stock

Stock is excluded from the asking price and will be valued on completion, with the agreed stock value payable in addition to the purchase price.

Wisebuys Narberth

Information about the Narberth store can be found here: F76-a4b4-8a8f5d71a125/pembrokeshire/narberth/high-street?page=2&showstc=on&showsold=on&instruction_type=Sale&department=Commercial&ajax_polygon=&minprice=&maxprice=&property_type=

Roof Terrace

Accessed via steps from the rear of property and providing access to the maisonette.

Parking - Off Street

The property benefits from a right of access from The Parade across the adjoining property’s rear parking area, providing convenient access for deliveries. Staff parking is also available within this area.