Auction House London

Lot 74

Mixed Use - Commercial Property 

15-16 Hamilton Terrace

Milford Haven, Dyfed, SA73 3JB

£415,000+

Guide Price (plus fees)

A Freehold Mixed Use Investment Producing £4,500 per annum. Positive Pre-Application Advice Has Been Received for the First and Second Floors to be Converted into Five Self-Contained Flats.

Description

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.

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

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.

Tenancy

The combined LHA rates for the proposed development in the area is £25,786 per annum (source: lha-direct.voa.gov.uk).

Note

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: £1,500 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. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. 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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Open House Viewings:
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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