Investment Consideration:
Gross Initial Yield: 7.79%
Rental Income: £15,200 p.a.
VAT is applicable to this property
Tenant in occupation since 1993
Comprises two storey double fronted retail premises t/a Boots Pharmacy
Future residential development potential subject to vacant possession and planning
Nearby occupiers include Greggs (adjacent), Post Office (opposite), Specsavers and more.
Property Description:
The property comprises mid-terrace double fronted ground floor shop with ancillary accommodation at first floor, providing the following accommodation and dimensions:
Ground Floor: 277 sq m (2,985 sq ft)
Open plan retail, Office, Kitchenette, Store, WC
First Floor: not measured
Tenancy:
The property is at present let to Boots UK Limited for a term of 5 years from 10th July 2022 at a current rent of £15,200 p.a. and the lease contains full repairing and insuring covenants. Tenant in occupation since 1993.
Location:
Pembroke Dock is the third largest town in Pembrokeshire, 30 miles west of Carmarthen. The property is situated in the town centre on the south side of Dimond Street, in between it's junction with Meyricks Street and Gordon Street. Occupiers close by include Greggs (adjacent), Post Office (opposite), Specsavers, Londis, Coral and a number of local traders.
