A Freehold Mixed Use Investment Producing £8,000 Per Annum. Offered with Planning Permission to Convert the First and Second Floors into Five Flats (1 x One Bedroom, 3 x Two Bedroom, 1 x Three Bedroom).

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.

Tenure

Freehold

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

Pembrokeshire County Council granted the following planning permission (ref: 23/0633/NM) on 20th October 2023: 'Change of use of first and second floors into 1 one bedroom, 3 two bedroom apartments and 1 three bedroom apartment'.

Tenancy

The combined LHA rates (based on the 2024 increase) for the proposed development in the area is £27,777 per annum (source: lha-direct.voa.gov.uk).

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.