Lot 121
    Mixed Use
    15-16 Hamilton Terrace
    Milford Haven, Dyfed, SA73 3JB
    Unsold. Contact the auctioneer.
     
    Number 1
    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).

    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.

    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).

    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 £8,000 Per Annum
    Self-Contained Flat Second Floor Not inspected Sold off on a long lease expiring in 2130. Peppercorn
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
    Share this lot

    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.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    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.

    Contact Our Property Experts