York House, Tudor Square, Tenby SA70 7AJ

For Sale

York House, Tudor Square, Tenby SA70 7AJ

For Sale

Town

Tenby

Price / Rent

Offers in the region of £475,000

Description

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 1,163 sqft 108.04 sqm
ITZA 555 units
Basement 321 sqft 29.82 sqm
Total 1,484 sqft 137.86 sqm

For further information or to view this property please contact:-

Dan Griffiths / Matthew Morgan

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