Acquired
Pembroke Dock – Dog Groomers & Four Flats
10 Meyrick Street, Pembroke Dock, Dyfed SA72 6UTFreehold Shop and Residential Investment
Lease Term
3 Years
Years Left on Lease
Holding Over
Area
4,959 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- A Freehold Three Storey Mid Terrace Building internally arranged to provide a Ground and Lower Ground Floor Retail Premises with Four Self-Contained Flats above
- The property is situated on the west side of Meyrick Street, close to its junction with Bush Street. Shops are available along Meyrick Street, with a more extensive range of facilities being accessible in Pembroke Dock town centre to the south
VAT
VAT is not applicable.
Property Description
The property comprises a mid terrace building internally arranged to provide a ground floor office and four self-contained flats above arranged over lower ground, ground and two upper floors beneath a pitched roof.
Tenancy Description
The shop is at present let to an Individual t/a Dog Groomers for a term of 3 years from 24th September 2019 at a current rent of £3,900 per annum and the lease contains full repairing and insuring covenants with a rent deposit held of £650.
Flat 1, a first-floor residential flat is at present let on an AST to an individual for a term of 6 months from 1st April 2019 (Holding Over) at a current rent of £4,200 per annum.
Flat 2, a first-floor residential flat is at present let on an AST to an individual for a term of 6 months from 8th October 2013 (Holding Over) at a current rent of £4,159.92 per annum.
Flat 3, a second-floor residential flat is at present let on an AST to an individual for a term of 12 months from 1st April 2019 at a current rent of £4,800 per annum.
Flat 4, a second-floor residential flat is at present let on an AST to an individual for a term of 6 months from 28th November 2016 at a current rent of £3,600 per annum.
Flat 1, a first-floor residential flat is at present let on an AST to an individual for a term of 6 months from 1st April 2019 (Holding Over) at a current rent of £4,200 per annum.
Flat 2, a first-floor residential flat is at present let on an AST to an individual for a term of 6 months from 8th October 2013 (Holding Over) at a current rent of £4,159.92 per annum.
Flat 3, a second-floor residential flat is at present let on an AST to an individual for a term of 12 months from 1st April 2019 at a current rent of £4,800 per annum.
Flat 4, a second-floor residential flat is at present let on an AST to an individual for a term of 6 months from 28th November 2016 at a current rent of £3,600 per annum.
Tenancies & Accommodation
Location Description
The property is situated on the west side of Meyrick Street, close to its junction with Bush Street. Shops are available along Meyrick Street, with a more extensive range of facilities being accessible in Pembroke Dock town centre to the south. Rail services run from Pembroke Dock Station approximately 0.4 miles to the south-west. The open spaces of Memorial Park are nearby.
