Deceptively spacious mixed use Investment property of a large shop with 2 x apartments in this popular Pembrokeshire town. Rental income of £18,840pa (£1570pcm) representing a Gross Initial Yield of 24.5%
The property itself comprises a large double fronted shop unit with a rear double height barn area that is let to as a charity shop for £7200pa with two apartments above let for a combined £11,640pa.
The shop comprises a main retail area with changing rooms and a WC which leads through to a double height barn area to the rear of the shop, this leads out to a rear and side garden with further small dilapidated buildings to the rear of the property. There is also a rear and side garden which is overgrown.
The apartments are accessed via a shared entrance and Flat 1 briefly comprises and entrance hall, living/dining/kitchen area, shower room and double bedroom. This apartment is to the front of the building and we are informed is let to a long standing tenant for £395pcm (£4740pa). This apartment would benefit from improvement and modernisation.
Flat 2 occupies the rear of the property and comprises and entrance hall, kitchen/breakfast room, bathroom, two bedrooms and a sitting room. There is also fire escape access to the rear. This apartment is in generally good order. Both apartments benefit from uPVC windows. We are informed that this apartment is let for £575pcm (£6900pa).
Please examine the legal pack when available for further details and confirmation of all tenancies.
GF - Double fronted shop area, WC, changing rooms, Flat entrance,
FF - Shared landing. Flat 1 - Hall, Living/dining/kitchen area, shower room, double bedroom.
Flat 2 - Hall, Kitchen/breakfast area, 2 x bedrooms. sitting room, bathroom.
OS - Rear garden with dilapidated sheds - overgrown.
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel Auctions – www.seelauctions.co.uk
Buyer's Premium - 1.50% with a minimum of £1,500 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel Auctions (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 7 July 2026 online via the Seel Auctions website. Bidding will commence from midday on Monday, 6 July and conclude in order from Lot 1 at 4:00 pm on Tuesday, 7 July 2026
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