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Broad Street, Welshpool SY21 1 bed apartment for sale
42 Broad Street, Welshpool, Powys, SY21 7RR
£150,000
42 Broad Street, Welshpool, Powys, SY21 7RR
£150,000
Our Summary
- Guide Price £150,000 * 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 RESIDENTIALWe 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
- OUTSTANDING INVESTMENT OPPORTUNITY
Description
For sale by online public auction is the former Lloyds Bank building in Welshpool, a historic property with planning permission to convert and redevelop into residential apartments. The main building has fallen into disrepair, but the rear extension is a let retail unit generating £3600 per annum. The current owner has permission to create four one-bedroom apartments, with a separate application likely to be granted for four more. The property offers a strong rental yield or potential for capital appreciation once completed and sold. With a guide price of £150,000, the vendor is open to pre-auction offers above the guide price, making this a rare opportunity to acquire a prominent town centre location with a lot of potential for redevelopment. Viewings are encouraged to appreciate the scope of the offering, with full details available in the legal pack.