A Freehold Mixed Use Investment Producing £4,500 per annum. Positive Pre-Application Advice Has Been Received for the First and Second Floors to be Converted into Five Self-Contained Flats.

The property comprises an end of terrace building arranged to provide commercial premises over ground and first floors with a self contained flat on the second floor which has been sold off.

Location

The property is situated in the centre of Milford Haven close to shops and local restaurants. The Milford Marina is a short walk away. Transport links are provided by Milford Haven rail station.

Exterior

The property benefits from rear off street parking for 8 cars.

Planning

Positive pre-application advice has been received for the first and second floors to be converted into 5 self-contained flats (1 x one bedroom flat, 3 x two bedroom flats, 1 x three bedroom flat). Subject to obtaining all relevant consents. Please refer to the legal pack for further information.

Tenancy

The combined LHA rates for the proposed development in the area is £25,786 per annum (source: lha-direct.voa.gov.uk).

We understand from the vendor that negotiations are underway to increase the rent.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

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