Opportunity For Investment Purchase Of Lease On Double Retail Unit That Has Tenant And Producing A Yield Of 13.33% At Guide Price.
For Sale By Auction (unless previously sold) on 13th September 2011, a purpose built modern ground floor 960 sq ft double fronted shop unit currently occupied by restaurant tenants (business unaffected) currently producing a gross yield of 13.33% at guide price (correct on 8/4/11). Situated on the South facing side of the upmarket Milford Marina development of mixed retail, commercial and residential properties in the busy port of Milford Haven, Pembrokeshire.
Excellent investment at a good yield with capital uplift prospects.
Milford Haven is the largest town in Pembrokeshire by population and is also a major UK port with recent massive Oil and LNG investment. The Marina is to undergo major investment that is due to start in Spring 2011 and is increasingly being a popular destination for locals, holidaymakers and county-wide population as well.
Sovereign House is part of a promenade of 33 shops on a pedestrian walkway spread over 5 commercial blocks directly facing the Marina. There is ample free parking on the site for all visitors.
Milford Marina retail with its mix of cafes, restaurants, pub restaurants and boutique retailers is there only Marina development of this scale in Pembrokeshire.
Local Authority: Pembrokeshire CC
Services: All main services. All on meter.
Rates: RV = £5800. Rate in the £: £0.409
SERVICE CHARGE £566.00 2010/11
Viewing: By appointment with sole agents Brett Property.
NOTE TO PURCHASERS: VAT IS CHARGED ON PURCHASE OF THIS PROPERTY.
With appromately 115 years remaining. Full details upon request for legal packs