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West Street, Fishguard, Pembrokeshire

Offers in the region of £195,000

  • Income Producing Investment Premises
  • Onsite Parking For Approx 12 Cars
  • Producing £17,976 Per Annum
  • Adjacent To Large Public Car Park

Investment premises in central Fishguard, immediately adjacent to West Street car park which is one of the main car parking areas in the town. The detached building has a ground floor gross internal area of approximately 2,795 sq ft (259.76 sq m) all of which is let under 3 leases. Currently, the gross rental income is £17,976 per annum. There is a first floor area which is not contained in any of the leases with access from the rear, which was formerly storage and a flat but is currently unoccupied.
To the rear is a service yard with vehicular access up to the loading door while to the front the site includes the parking area large enough for approx 12 cars.

Fishguard is located at the end of the A40 trunk road and, along with Goodwick, is one of the largest settlements on the North Pembrokeshire coast. It benefits from being adjacent to the ferry terminal to Ireland along with the adjacent railway station. It is the main focal point not only for local shopping needs, but also benefits from the tourist trade, especially in the summer months and around school holidays.
The building is at the entrance to West Street car park which is one of the biggest car parks in the town, made more easily accessible by the towns new road system.

The premises are available freehold, subject to the leases of the ground floor area.

Three leases are currently in place which are to a local charity with the lease ending in August 2022, a local trader selling car parts and fishing tackle with the third lease to a local trader who trades as a pet shop. The total rent payable is £17,976 pa.

Under each lease the tenants pay local authority rates (if any), utility costs and other usual tenant outgoings. External repairs are carried out by the landlord.

The charity has verbally indicated they do not intend renewing the lease and are prepared to surrender early. The landlord is therefore looking for a new tenant but if a purchaser wanted vacant possession of the charity's unit it should be possible to make the appropriate arrangements.

Offers are invited in the region of £220,000.

Immediately upon completion of legal formalities.

Viewing Arrangement
Please contact David Cochlin in our Commercial Department on 01834 861810 or via email on dc@johnfrancis.co.uk.

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