COMMON USE CLASS: A1 Shops, C3 Dwelling Houses
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.
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.
The property benefits from rear off street parking for 8 cars.
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.
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.
Accommodation & Tenancy Schedule
Property - Floor - Accommodation - Tenancy Details - Current Rent
Commercial Premises - Ground - Former Bank Hall/ Customer Area & Ancillary Space - Vacant (formerly let for £28,600 per annum) - N/a
Commercial Premises - Part First & Part Second - Office - Let to Price and Kelway Solicitors - £4,500
Self-Contained Flat - Second Floor - Not inspected - Sold off on a long lease expiring in 2130. - Peppercorn
Additional Fees and Disclaimer
Administration charge: £1,200 including VAT unless otherwise stated in the addendum.
Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.
Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.
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