Lot 118 - 58-62 Bush Street, Pembroke Dock, Dyfed, SA72 6DE
Guide Price* : £49,000+
- Unconditional Online Auction Sale
Lot 118 - Mixed-Use Commercial Investment
Description
ONLINE AUCTION from 6th October-8th October 2026
An opportunity to acquire the freehold interest in a mixed-use property comprising commercial accommodation together with the freehold reversionary interests in a number of residential flats.
The purchaser will acquire the freehold title and the commercial shop accommodation. The residential flats themselves are not included within the sale, as they are held by the respective leaseholders under existing long leases. The purchaser will therefore become the freeholder/landlord of these residential interests and benefit from the associated ground rent income.
The property currently produces a combined income of approximately £5,154.55 per annum, with further potential to increase the income through the letting of the vacant commercial unit at 60A Bush Street.
Accommodation
| Property | Description | Lease | Income |
|---|---|---|---|
| 58 Bush Street | Newsagents | Let on a 10-year commercial lease from 1 August 2017 | currently producing £3,750 per annum. |
| 58A Bush Street | Ground Floor Flat | Held on a 99-year lease from 30 August 2006 | currently producing a ground rent of £50 per annum. The ground rent increases to £100 per annum for the following 33 years and £150 per annum thereafter. |
| 58B Bush Street | First Floor Flat | Held on a 1,000-year lease from 25 March 1980 | currently producing £260.91 per annum, subject to 21-yearly RPI-based reviews. Last increase 2022. |
| 58C Bush Street | Second Floor Maisonette | currently producing £260.91 per annum, subject to 21-yearly RPI-based reviews. Last increase 2022. | currently producing £260.91 per annum, subject to 21-yearly RPI-based reviews. Last increase 2022. |
| 60 Bush Street | Second Floor Maisonette | Held on a 1,000-year lease from 25 March 1980 | currently producing £260.91 per annum, subject to 21-yearly RPI-based reviews. Last increase 2022. |
| 60A Bush Street | Commercial Unit | Currently vacant, having previously traded as a barbers | The vacant unit provides an opportunity for an investor or owner-occupier and offers potential to increase the overall rental income. |
| 62A Bush Street | Ground Floor Flat | Held on a 99-year lease from 30 August 2006 | currently producing a ground rent of £50 per annum. The ground rent increases to £100 per annum for the following 33 years and £150 per annum thereafter. |
| 62B Bush Street | First Floor Flat | Held on a 1,000-year lease from 25 March 1980 | currently producing £260.91 per annum, subject to 21-yearly RPI-based reviews. Last increase 2022. |
| 62C Bush Street | Second Floor Maisonette | Held on a 1,000-year lease from 25 March 1980 | currently producing £260.91 per annum, subject to 21-yearly RPI-based reviews. Last increase 2022. The property provides an attractive mixed-use investment opportunity with an existing income stream and scope for further rental growth through the letting of the vacant commercial accommodation. |
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
Guide Price* : £49,000+
- Unconditional Online Auction Sale
Lot 118 - Mixed-Use Commercial Investment
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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