Warwick House, The Norton, Tenby

Preliminary Brochure

INVESTMENT OPPORTUNITY/DEVELOPMENT POTENTIAL

A MIXED USE INCOME-PRODUCING PROPERTY INVESTMENT WITH FURTHER DEVELOPMENT POSSIBILITIES (S TO C) WITHIN THE POPULAR HOLIDAY RESORT

GENERAL
Tenby is the "Jewel in the Crown" of the Pembrokeshire Coast National Park. It is a very popular year round holiday resort which boasts a picturesque harbour, several sandy beaches, a range of bespoke shops and restaurants plus a championship golf course etc..

Warwick House is conveniently positioned for all of these amenities especially the nearby stunning North Beach and the bustling harbour etc..

The two Shops are both currently let to Hairdressers. Flats 1 to 5, which are within the Upper Floors of the original Warwick House, have all been sold on a long Leasehold basis. The Lease for Flat 4 has not yet been extended.

Flats 6, 7 & 8 are an extension to the rear which was built circa 1981. These three Flats are presently let on Assured Shorthold Tenancies. However, they would be ideal for more lucrative Holiday letting especially as there is currently a great demand for Staycations.

To the rear, with access off Wallsfield Lane, there is a Car Park with 17 Spaces. These Spaces can be let to the likes of local Guest Houses and Businesses etc.. Furthermore, at the entrance to the Car Park, is a group of Outbuildings which, subject to consent, has redevelopment potential.

With approximate dimensions, the accommodation briefly comprises...

16 The Norton
Shop - circa 293 sq.ft (27.22 sq.m)
Stores - circa 119 sq.ft (11.05 sq.m)
Kitchen & WC plus Basement under

16A The Norton
Shop - circa 287 sq.ft (26.66 sq.m) overall to include Kitchen & WC plus Basement under.

THE FLATS
Flat 6 (Ground Floor)
Entrance Porch
Hall
Living Room - 12'8" x 11'8" (3.86m x 3.56m) patio doors to rear
Kitchen - 8'0" x 7'3" (2.44m x 2.21m) fitted units
2 Bedrooms - 10'8" x 8'2" (3.25m x 2.49m) and 9'4" x 8'3" (2.84m x 2.51m - both plus built-in wardrobes)
Bathroom/WC - 8'7" x 4'6" (2.62m x 1.37m)

Flat 7 (First Floor)
Entrance Porch
Hall
Living Room - 12'8" x 11'8" (3.86m x 3.56m) double aspect to include patio doors to approx west-facing Balcony at rear
Kitchen - 8'0" x 7'3" (2.44m x 2.21m) fitted units
2 Bedrooms - 10'8" x 8'2" (3.25m x 2.49m) and 9'4" x 8'3" (2.84m x 2.51m - both plus built-in wardrobes)
Bathroom/WC - 8'7" x 4'6" (2.62m x 1.37m)

Flat 8 (Second Floor)
Entrance Porch
Hall
Living Room - 12'8" x 11'8" (3.86m x 3.56m) double aspect to include patio doors to approx west-facing Balcony at rear
Kitchen - 8'0" x 7'3" (2.44m x 2.21m) fitted units
2 Bedrooms - 10'8" x 8'2" (3.25m x 2.49m) and 9'4" x 8'3" (2.84m x 2.51m - both plus built-in wardrobes)
Bathroom/WC - 8'7" x 4'6" (2.62m x 1.37m)

OUTSIDE
Approx west-facing walled and paved Communal Garden which is shared by all eight Flats in Warwick House.

THE CAR PARK
Situated behind Warwick House and having access from Wallsfield Lane. Mettled surface and 17 Car Parking Spaces. Situated at the entrance to the Car Park is a group of somewhat dilapidated brick Outbuildings. These previously had planning consent to demolish and rebuild as Stores/Workshops.

SERVICES ETC (none tested)
Mains water, drainage and electricity. No mains gas in Warwick House although apparently available in street (tbc). The three Flats have electric night storage and convector heaters - presumably on the Economy 7 Tariff or the like. Entry phone system.

RENTAL INCOME - all details to be confirmed
16 The Norton (Shop/Hairdressers) - Annual Lease - £550 per month i.e. £6,600 per annum
16A The Norton (Shop/Hairdressers) - Annual Lease - £500 per month i.e. £6,000 per annum
Flat 6 - Assured Shorthold Tenancy - £500 per month i.e. £6,000 per annum
Flat 7 - Assured Shorthold Tenancy - £500 per month i.e. £6,000 per annum
Flat 8 - Assured Shorthold Tenancy - £500 per month i.e. £6,000 per annum
Car Park - 17 Spaces - TBC

TENURE
Warwick House is being sold on a Freehold basis subject to the Annual Leases of the two Shops, the Assured Shorthold Tenancies of Flats 6, 7 & 8, the long Leaseholds of Flats 1, 2, 3, 4 & 5 and vacant possession of the Car Park etc..