Spring Gardens, Narberth £120,000

FOR SALE BY ONLINE AUCTION - THURSDAY 30TH NOVEMBER 2023, BETWEEN 12-2PM.

New Guide Price - £120,000

Situated within Narberth town centre, in a very prominent location at the top of the high street, a freehold building comprising a ground floor shop premises and self contained 1 bedroom flat above. The shop has A3 planning usage, meaning it can be used to prepare and sell food, such as a take away restaurant. Currently it has a commercial tenant in situ (a barbers shop) with lease up to March 2025. This provides a rental income and together with the opportunity to also let the flat, makes an excellent all round investment. The flat is clean and tidy, ready for immediate use, and comes with its own garden and independent access. Viewing is highly recommended. The building is grade 2 listed.

Situation
The property is situated in Narberth town centre, at the top of the high street. Narberth is a bustling small but very popular town in the heart of Pembrokeshire. The high street has an excellent array of artisan and independent retailers, from art and craft shops to fashion outlets and food stores. There are a number of cafes and public houses, plus attractions such as Narberth Castle and the Queens Hall which hosts many different live events from music gigs to markets and stage shows, all bringing many people to the town on a regular basis.

The Shop Premises
Historically has been used as a take-away café, candle shop and currently a barbers.

Shop
Good front window display and pedestrian access door straight off the street. Power and electric. A great space for a variety of commercial ventures.

Old Kitchen/Staff Room
With extraction fan for food preparation.

Passage
Fire Escape door to side. Doors lead from here to:

Toilet
W.C

Rear Lobby
External door to rear and access to:

Store Rooms
2 Areas used for general store purposes.

The Flat
Enjoying its own private access on the side, which leads up to the flats garden and entrance.

Entrance Way
Pitched covered walk way leading up to the front door.

Hall
Entered by front door. windows to side. Door opens into:

Kitchen
Fitted with storage cupboards and worktops, double glazed window to rear, cooker, hob, extractor hood, sink, space for white goods, part tiled wall, access leads to:

W.C
With toilet and hot water cylinder.

Lounge
Double glazed windows to front and back. Fire surround, electric heaters, beams, door to:

Bedroom
Double glazed window to front, beams, electric heater, door to:

Shower Room
Shower cubical with electric shower unit, wash hand basin.

Externally
To the rear of the building, the flat enjoys its own private and secure entrance and enclosed garden which consists a lawn with borders, being of a good size and provides a lovely outdoor space. There are also steps which lead down to the back of the shop premises, but these have not been used for some time.

Services
Mains electric, water and drainage connected.

Tenure
Freehold - The shop has a commercial tenant in situ up until March 2025. Details of income and a copy of the lease is available within the auction legal pack. The flat is vacant.

Auction Bidding
To bid on this property, please visit our website, jjmorris.com, then select the auctions tab and click on the subject property. You will then see an option to register and this will enable you to bid and view the legal pack.

Auction Details
The property is to be sold via online auction on Thursday the 30th of November 2023 between 12pm and 2pm. You have to register via our website to view the legal pack and to bid. The completion date will be... tbc.

Please note, we encourage all interested buyers to review the legal pack thoroughly.

We make it clear that the buyer is to pay JJMorris an auction administration fee of £1,000 inc VAT (£833.33 plus VAT). This is taken once the auction has ended.

The property will be offered for sale subject to the conditions of sale and unless previously sold or withdrawn and a legal pack will be available prior to the auction for inspection. For further information on the auction process please see the RICS Guidance http://www.rics.org/uk/knowledge/consumer-guides/property-auction-guide/

Guide prices are issued as an indication of the expected sale price which could be higher or lower. The reserve price which is confidential to the vendor and the auctioneer is the minimum amount at which the vendor will sell the property for and will be within 10% of a fixed guide price. The guide price can be subject to change.