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Studio flat for sale
High Street, Llanidloes, Powys, SY18
£145,000
High Street, Llanidloes, Powys, SY18
£145,000
Our Summary
- There is potential to increase the current rents
- Total rental per month is £1,000 - there is potential to increase the rent levels
Description
This is a 3-storey, Grade II listed property situated in the center of Llanidloes, a popular market town with a rich history and amenities. The property benefits from electric heating and secondary glazed windows, and currently generates a rental income of £1,000 per month, reflecting a yield of 8.2%. The ground floor features a retail unit with an open plan layout, while the first and second floors offer two residential flats, each with its own entrance hall, bathroom, kitchen, and bedrooms. The property has a flood risk rating of very low and is freehold, with the neighboring properties having a right of way through the passageway. The flats are let under occupational contracts, and the shop is held on a commercial lease with a tenant holding over at a rent of £300 per month. There is potential to increase the current rents, making this a lucrative investment opportunity.