The subject property is situated within the town walls in the heart of Tenby on Tudor Square, in a prime location adjacent to Caffi Llew and Jagos and opposite Peacocks, occupying one of the finest trading positions within the town centre.
The property is a mid terrace retail unit with an attractive facade under a tiled roof. Providing accommodation on ground and basement. The property is located within the Conservation Zone.
The upper floors have been sold off on 999 year leases at peppercorn rents – and now comprise four flats. Mountain Warehouse occupy the ground floor and basement.
The ground floor and basement is let to Mountain Warehouse Ltd for a term of 5 years from 26th April 2022. The rent is £31,000 per annum exclusive payable monthly in advance.
We have been instructed to seek Offers in the Region of £475,000 subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 6.25%, based on purchaser’s costs of 4.38%.
|Ground Floor Sales