Saundersfoot

£12,500

Guide price

TWO ADJACENT MIXED RETAIL/RESIDENTIAL PREMISES OCCUPYING A PRIME TRADING POSITION AND INCORPORATING A VERY WELL KNOWN AND REPUTABLE BUSINESS

GENERAL

Saundersfoot is an expanded resort village within the southern section of the Pembrokeshire Coast National Park. In addition to the sandy beach and harbour, it has a range of amenities including shops, cafes, restaurants and pubs etc.. However, major development is proposed for in and around the harbour to include a marina and lido etc.. The larger resort of Tenby is about two miles.

Heywood's of Saundersfoot stands in a very prominent position in the heart if the village on the Milford Street/Cambrian Terrace corner. The Business commenced in 1982 and has always generated a healthy Turnover and Profit. However, there is potential for increasing these and possibly also diversification. Buyers of the Business will have the option of taking No's. 1 and/or 2 Milford Street on a Freehold or Leasehold basis - see later*.

With approximate dimensions, the accommodation briefly comprises...

GROUND FLOOR

Retail Shop

32'1' x 15'5' (9.78m x 4.70m) increasing to 19'7' (5.97m), good display windows to both Milford Street and Cambrian Terrace. Access via Corner Porch and glazed double doors, tiled floor, wall tiling, tongue and groove ceiling, access to No. 2 and door and steps down to...

BASEMENT

Cellar

24'5' x 17'9' (7.44m x 5.41m) plus 6'6' x 5'2' (1.98m x 1.57m) stable door to Yard.

UPPER FLOORS

Access via door from Cambrian Terrace plus staircase to...

SEA VIEW APARTMENT

FIRST FLOOR

Landing - Attractive balustrade.

Cloakroom/WC - Suite comprising wash hand basin and W.C., half tiled.

Living Room - 19'6' x 16' (5.94m x 4.88m) overall, 'L'-shaped, well lit via four windows including two bays enjoying sea and harbour views.

Kitchen/Breakfast Room - 15'6' x 14'7' (4.72m x 4.44m) two side windows, range of fitted wall and base units having pine doors, breakfast bar, built-in electric oven and grill plus gas hob with extractor over, integrated dishwasher, stainless steel sink.

SECOND FLOOR

Landing - Attractive balustrade, storage and airing cupboards.

Bedroom 1 - 19'7' x 13' (5.97m x 3.96m) 'L'-shaped, well lit via four windows, sea and harbour views, built-in wardrobe.

Bedroom 2 - 10'7' x 10'3' (3.23m x 3.12m) plus door entrance space, side window, built-in wardrobe.

Bedroom 3 - 12'5' x 8' (3.78m x 2.44m) side window, built-in wardrobe.

Bathroom/WC - 8'6' x 6'9' (2.59m x 2.06m) four piece suite comprising corner bath, separate shower cubicle, wash hand basin and W.C., fully tiled.

NO. 2 MILFORD STREET

GROUND FLOOR

Retail Shop

24'5' x 14'1' (7.44m x 4.29m) plus built-in Cold Rooms, double fronted with display windows either side of part glazed doors, two stainless steel sinks, tiled floor.

Side Hall

With access down to Basement and up to Flat.

BASEMENT

Cellar

27'8' x 12'6' (8.43m x 3.81m) large walk-in Cold Room, stainless steel sink, double doors from Yard.

FIRST FLOOR

Access via shared staircase to ...

FLAT

Hall

Double glazed door to rear.

Living Room/Kitchen

50'4' x 10'7' (15.34m x 3.23m) overall, two windows to front, Kitchen Area has a range of fitted units having beech doors and contrasting work surfaces, built-in electric oven and gas hob, stainless steel sink etc..

Double Bedroom

11'0' x 8'10' (3.35m x 2.69m) window to front.

Bathroom/WC

8'10' x 5'8' (2.69m x 1.73m) overall, suite comprising bath with shower over, wash hand basin and WC, fully tiled floor and walls, heated towel rail

OUTSIDE

Open Forecourt to Cambrian Terrace side of No. 1. Rear Yard with Outside W.C.

SERVICES ETC (NONE TESTED)

All mains connected. Both Apartments have gas fired central heating and almost all of the windows are double glazed.

THE BUSINESS - HEYWOODS OF SAUNDERSFOOT LTD

In addition to the owner, the staff comprises four butchers/shop assistants plus a delivery van driver. The opening hours are currently 8.00am - 5.00pm - Monday to Saturday but no evenings or Sundays.

The Business is very profitable. Recent years' Trading Accounts can be provided to the financial advisors of bona fide interested parties who must have first viewed the Premises.

TRADE FIXTURES, FITTINGS AND EQUIPMENT

A detailed Inventory will be produced in due course. This will include the bespoke counter with chillers and cabinets, meat slicers, a blue seal oven, two vacuum packer, various fridges, two microwaves, three dig scales, three blades, two tills/scales, a sausage filler, a sausage washer, two chest freezers, a meat tenderiser, several stainless steel tables, a mixer/grinder, a Hobart mincer, a Berkel slicer, a water heater etc etc..

RATES ETC

No. 1 ... Rateable Value - £ tbc Rates Payable 2018/2019 - tbc

Apartment - Council Tax Band - tbc

No. 2 ... Rateable Value - £ tbc Rates Payable 2018/2019 - tbc

Flat - Council Tax Band - tbc

ASKING PRICES

As indicated earlier, the buyers of the Business may wish to acquire the Freehold(s) or take a Lease(s) perhaps with an option for the Freehold.

1. Ingoing Premium ... Offers Around £175,000 - this is in respect of the Goodwill of the Business together with the Trade, Fixtures, Fittings & Equipment.

2. Freehold Sales - Whole Property

No. 1 Milford Street ... Offers Around £696,000

No. 2 Milford Street ... Offers Around £250,000

No's. 1 & 2 Milford Street together ... Offers Around £895,000

3. Leases - Ground Floor & Basement Only

(on FRI basis and for a term of at least 10 years)

No. 1 Milford Street ... £22,500 per annum.

No. 2 Milford Street ... £12,500 per annum.

No's. 1 & 2 Milford Street together ... £35,000 per annum.

Arrange viewing 01646 278284

Guy Thomas & Co

33 MAIN STREET, PEMBROKE, DYFED

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