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    Key features

    • By Order of an Asset Manager
    • Investment let at £26,500 pa (9.30% on Guide Price)
    • Let to Barclays Bank plc on a lease expiring March 2028 (no breaks)
    • 2023 Tenant Break Option not exercised
    • Includes secure rear parking
    • VAT-Free Investment

    Description

    This attractive Grade II listed property is arranged on basement, ground and two upper floors to provide a ground floor banking hall with ancillary accommodation above. The basement provides a strong room. There is a goods lift that serves all floors. The property benefits from 10 car parking spaces to the rear accessed via Castle Lake public pay & display car park.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been sourced from the VOA and the property has not been inspected by Savills.


    Ground - 196.90 sq m (2,119 sq ft)

    Basement - 23.90 sq m (257 sq ft)

    First - 148.10 sq m (1,594 sq ft)

    Second - 67.9 sq m (781 sq ft)


    Total - 436.80 sq m (4,702 sq ft)


    Tenancy

    The entire property is at present let to BARCLAYS BANK PLC for a term of 20 years from 18th March 2008 at a current rent of £26,500 per annum. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants subject to a schedule of condition. The tenant has not exercise their 2023 break option.

    Rent

    £26,500 pa

    Notes

    VAT is not applicable.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

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      Local information

      Haverfordwest, located approximately 30 miles west of Carmarthen and 7 miles north of Milford Haven, is an important retail and commercial centre and is one of the principal market towns in West Wales. The town has a resident population of some 12,000 and benefits from a large rural catchment area. The town is on the A40 which provides a link to the A48 and thus the M4. The property is situated within a Conservation Area in Haverfordwest town centre on the north side of the High Street, close to its junction with Hill Lane.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums