6 bedroom block of apartments

For buy to let investors looking for a profitable return, Borough House, a substantial freehold property situated in the popular market town of Haverfordwest offers a very attractive proposition.

Property Details
Borough House stands in a prominent position on the crossroads between High-Street and Dark Street in Haverfordwest, Pembrokeshire. This property is a grade 2 listed building and contains many of the characterful features you come to expect with a period property, such as large sash windows and high ceilings. A copy of the Cadw report for the listing of the building can be provided upon request.
This block consists of a ground-floor office space, 4 x 1 bedroom flats, and 1 x 2 bedroom flat, each of which is currently on fixed-term assured short-hold tenancy agreements. The combined rental income for the flats and the office is £2740pcm or £32,8800 per annum. At a representative purchase price of £300k, this equates to a gross rental yield of almost 11%. .
The flats are all well presented, many of which have recently been redecorated with new flooring installed, and have been attractive lets for local hospital staff and professionals working in the area.

The flats do not offer parking, but an annual permit is available for residents in a nearby car park. As the current managing agent, details of individual rents and tenancies are available on request.

Dimensions

Office
12’ 8” x 11’ 4”
3.88m x 3.48m

Office Entry
5’11” x 4’11”
1.81m x 1.25m

Office WC
4’9” x 2’10”
1.47m x 0.88m

Flat 1
Bedroom
13’7” x 8’1”
4.15m x 2.47m

Living Room
15’3” x 7’9”
4.66m x 2.38m

Kitchen
9’5” x 9’7”
2.89m x 2.93m

Bathroom
5’10” x 6’2”
1.80m x 1.88m

Total Floor Area
390.72 ft2
36.30 m2

Flat 2
Bedroom 1
10’7” x 7’10”
3.25m x 2.40m

Bedroom 2
14’11” x 7’10”
4.57m x 2.39m

Bathroom
5’10” x 6’1”
1.79m x 1.87m

Living Room
17’8” x 11’7”
5.40m x 3.55m

Total Floor Area
650.11 ft2
60.40 m2

Flat 3
Bedroom
13’7” x 8’1”
4.15m x 2.47m

Living Room
15’3” x 7’9”
4.66m x 2.38m

Kitchen
9’5” x 9’7”
2.89m x 2.93m

Bathroom
5’10” x 6’2”
1.80m x 1.88m

Total Floor Area
390.72 ft2
36.30 m2

Flat 4
Bedroom
14’0” x 8’0”
4.27m x 2.46m

Living Room
13’9” x 8’4”
4.21m x 2.56m

Kitchen
10’0” x 9’8”
3.05 x 2.97m

Bathroom
5’11” x 5’11”
1.81m x 1.82m

Total Floor Area
393.47m2
36.55m2

Flat 5
Kitchen / Living Room
15’0” x 30’8”
4.58m x 9.37m

Bedroom
11’10 x 17’5”
3.62m x 5.31m

Bathroom
7’82 x 6’3”
2.35m x 1.92m

Total Floor Area
640.18 ft2
59.47m2

TENURE: We are advised the property is Freehold

EPC: We are advised the property is EPC exempt as it is a listed building.

PLEASE NOTE: The building is owned by a close relative of a member of Preseli Property staff.

PARKING: There is no parking available with these flats, however there is permit parking available nearby which can be purchased through Pembrokeshire County Council.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.