This mixed-use property presents a unique investment opportunity in a vibrant Pembrokeshire location. Comprising a spacious double-fronted shop and two residential apartments, it currently generates an annual rental income of £18,840, providing a Gross Initial Yield of 24.5%. The retail space features a main area along with changing rooms and a rear barn that is utilized as a charity shop, all contributing to its diverse revenue stream.
The upper level houses two apartments accessed via a shared entrance: Flat 1 requires modernization and consists of an entrance hall, living/dining/kitchen space, shower room, and double bedroom; it has a reliable long-term tenant paying £395 per month. Flat 2 is in generally good condition and offers an entrance hall, kitchen/breakfast area, sitting room, bathroom, and two bedrooms for £575 monthly.
Additionally, the property includes an overgrown garden with dilapidated outbuildings at the rear—ideal for future improvement or redevelopment. This property not only offers immediate cash flow but also considerable potential for enhancement through renovations that could increase both rental income and overall value.
