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Broad Street, Welshpool SY21 Mixed use for sale
Broad Street, Welshpool SY21
£135,000
Broad Street, Welshpool SY21
£135,000
Our Summary
- Guide Price £135,000 * Plus 5% Buyers Premium + VATFor sale by unconditional online auction
- To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- uk EXCELLENT INVESTMENT OPPORTUNITY FOR DEVELOPERS
- PLANNING PERMISSION FOR CONVERSION AND REDEVELOPMENT TO RESIDENTIAL4 Apartments with the potential to add 4 further apartments in the rear unit (Subject to planning consent) * we are informed that there is an agreement in principle with Powys
- Buyers should make their own enquiries*We are pleased to offer to the market for sale by online public auction 42 Broad Street, Welshpool, which offers a great opportunity for investors and developers to acquire and renovate an historic building in the centre of Welshpool
- The present owner has acquired planning permission to develop the site into residential apartments
- Planning permission has recently been granted to create four one bedroom apartments (Application 24/0684/FUL) and the vendor advises that permission is likely to be granted for four further one bedroom apartments on submission of a separate application
- Whilst listed for sale by auction, the vendor will consider pre-auction offers above the guide price and so interested
Description
This historic building, formerly Lloyds Bank, is being sold by online public auction and offers a unique investment opportunity for developers. The property is located in the centre of Welshpool and has planning permission to convert and redevelop the building into 8 modern apartments, with the potential to add 4 further apartments in the rear unit, subject to planning consent. The building has a retail unit on the ground floor, generating £3,600 per annum in rental income, and is in need of renovation. The vendor will consider pre-auction offers above the guide price of £135,000, making this a rare opportunity to acquire an iconic building in a prominent town centre location. Viewings are encouraged to appreciate the scope of the offering, and full details are available within the legal pack.