The subject property is located on the corner of Law Street and Dimond Street in the heart of the town centre and close to the railway station.
Pembroke Dock is the main Ferry entry point from the south of the UK to Southern Ireland and vica versa. As a result this is a thriving area for tourists to the region attracting high employment for the area.
A new marina complex is due to be completed soon providing additional luxury housing and a new cinema / leisure complex.
The main A477 dual carriageway has just been completed and allows rapid access to the M4 Motorway within an hour
The Prince of Wales is a well known Pub/Hotel in the heart of the town centre and within 100 metres of the railway station and a 2 minute drive to the ferry terminal. There is also a good spread of residential dwellings in the nearby vicinity.
The is a total of 10 letting bedrooms and have been comprehensively refurbished. 7 of these have En-suite Shower Room/WCs, the remaining 3 rooms on the top floor all have wash hand basins and share a bathroom. The vendor confirms that the rooms currently achieve around £50,000 pa
Currently, due to its central location the bar in taking in excess of £150,000 pa on wet sales. There is also a function suite which is not currently being used, however can be utilised for weddings, parties etc.
There is a fully functional commercial kitchen on-site which is not currently being used. We are advised by the vendor that if the kitchen was to be reopened then this could offer a further substantial income stream.
We understand the property has connections to mains gas, electric, water and drainage.
The premises have a current rateable value of £7,100.
Rates payable 2016 / 2017 are approximately £3,450.60
Currently the subject property is generating in excess of £200,000 per annum from lodgings and wet sales alone. It is envisaged that should the function room reopen and food be served this will significantly increase the gross income from the investment.
To view this property, please contact John Pye Property – firstname.lastname@example.org – 0115 970 6060
The Prince of Wales
1 Laws Street
✓ Excellent Central Location
✓ Close to station
✓ Close to ferry terminal
✓ Current turnover in excess of £200,000
✓ Potential to significantly increase turnover
✓ Potential for further development STP
Phone: 0115 970 6060
Our Ref: PR182