Commercial Property for sale

Retail Investment, Two Shops, London Road, Bierspool, Pembroke Dock

Guide Price £575,000

Property Description

Key features

  • CURRENT RENT - 34,500 PER ANNUM
  • PRESENT GROSS YIELD - 6%
  • WELL POSITIONED - ADJOINING TESCO ETC
  • OPTION OF ADJOINING BUILDING - RESTAURANT ETC

Full description

Tenure: Freehold

A VERY PROMINENTLY POSITIONED PREMISES WITH ESTABLISHED AND SUCCESSFUL TENANTS PROVIDING A LUCRATIVE RENTAL INCOME

GENERAL
Pembroke Dock is situated on the south side of the Milford Haven Waterway. It is the largest town on South Pembrokeshire and has a population of almost 10,000 and 16,000 together with the adjoining Pembroke.

London Road is the main route in and out of the town centre. It is a continuation of the A477 and links the Waterloo (east) and Criterion (west) Roundabouts.

Pembroke Dock's main Shops and Stores are all close by e.g. Tesco, Argos, Brantano, Peacocks, B&M , Pound Stretchers, Wilko, Lidl and Asda etc.. McDonalds, Travel Lodge and recently opened Aldi are also nearby. There are further proposals for a Pets At Home Store plus a Premier Inn - to be confirmed.


DESCRIPTION
The Investment comprises an approx. 4,000 Sq. ft. building incorporating two Retail Units i.e......

UNIT APPROX. TENANT CURRENT COMMENTS
SIZE RENT PA RE LEASE
East 1,600 sq.ft. Bierspool £13,500 5 year Lease Cycles from May 2016 – excluded from 1954 Act

West 2,400 sq.ft. Syncro £19,500 New Lease – Motor terms agreed.
Factors


Solar Panels - these generate an additional income of £1,500 per annum.


OPTION
Adjacent to the west side of the Investment is a two storey building known as Bierspool Lodge & Diner. This generates the following Rents at present ....

GROUND FLOOR .... £16,200 p.a. from Seven Spice Indian Restaurant
FIRST FLOOR - £2,500 p.a. from Seven Spice for Staff Accommodation plus £6,600 p.a. from Syncro Motor Factory for Stores/Offices.

Bierspool Lodge & Diner may be available to the purchaser of the Investment by separate negotiation.

AGENTS NOTE - Copies of the Leases and the Accounts can be made available to the Financial Advisers of bona fide interested parties who must have first viewed the Properties.


Nearest stations

  • Pembroke Dock (0.1 mi)
  • Pembroke (2.0 mi)
  • Lamphey (3.3 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

  • Pembroke Dock (0.1 mi)
  • Pembroke (2.0 mi)
  • Lamphey (3.3 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 GUY1CB9490. 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.

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