31 bedroom commercial property for sale

Elizabeth Venmore Court, Yorke Street, Milford Haven

Guide Price £1,995,000

Property Description

Key features

  • 31 SELF-CONTAINED APARTMENTS - 7 x 2 BEDROOMS
  • & 24 x 1 BEDROOM
  • COMMUNAL ROOMS, LIFT, LAUNDRIES, GARDENS AND AMPLE PARKING
  • LET ON AST's - TENANTS GENERALLY 55+ YEARS OLD
  • ATTRACTIVE LOAN AVAILABLE (CIRCA 50%) AT LOW INTEREST RATE*

Full description

Tenure: Freehold

AN EXCELLENT RESIDENTIAL INVESTMENT OPPORTUNITY PROVIDING A LUCRATIVE RENTAL INCOME AND PROFITS WITH POTENTIAL FOR A FUTURE "BREAK UP" IF REQUIRED

Description
Elizabeth Venmore Court was created from the former Lower Central School circa 2001/2002. It comprises 31 Apartments - 25 in the Main Building and 6 in the Rear Block.

In addition to the well appointed self-contained Apartments there is a spacious Resident's Lounge/ Function Room with Dining and Games Areas, two Laundry Rooms, a Guest Bedroom and an Office etc. Externally, the Grounds are attractive and include a Roof Garden. There is extensive Car Parking to include one space per Apartment.

Milford Haven is situated on the north side of the Milford Haven Waterway and is about six miles or so south of the County Town of Haverfordwest. Elizabeth Venmore Court is well positioned for easy access to the local amenities including the attractive Marina plus the Shops, Banks and the recently opened new Doctors' Surgery.

THE APARTMENTS
These are either 2 Bedroom or 1 Bedroom and there are a variety of styles and layouts. Each Apartment is self-contained and has gas fired central heating plus uPVC framed double glazing.

FINANCE ETC
The Apartments are let on Assured Shorthold Tenancies. Average occupancy levels around 95%. Gross Annual Rental Income is apparently around £156,000 which generates a Net Profit in excess of £100,000 (to be confirmed).

The Freehold of Elizabeth Venmore Court is owned by Gray Home Sales Limited. The existing debt is around £1,000,000. The loan has around 10 years unexpired and the interest rate is 0.75% above the Bank Base rate. It is understood that it is possible for the Purchaser of Elizabeth Venmore Court to take over the loan. Details to be confirmed.

DIRECTIONS
Proceed into Milford haven on the A4076 from the north side. Continue passed the Filling Station on the right hand side. Elizabeth Venmore court will be found on the left hand side on the North Road/Yorke Street corner.


Nearest stations

  • Milford Haven (0.6 mi)
  • Johnston (3.3 mi)
  • Pembroke Dock (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Thomas & Co, Pembroke

33 Main Street, Pembroke, Pembrokeshire, SA71 4JS

01646 826002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Milford Haven (0.6 mi)
  • Johnston (3.3 mi)
  • Pembroke Dock (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Thomas & Co, Pembroke

33 Main Street, Pembroke, Pembrokeshire, SA71 4JS

01646 826002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference GUY1CB8814. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Thomas & Co, Pembroke. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.