>
Broad Street, Welshpool SY21 1 bed apartment for sale
Broad Street, Welshpool SY21
£195,000
Broad Street, Welshpool SY21
£195,000
Our Summary
- Guide Price £195,000 * 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 unconditional online auction is 42 Broad Street, Welshpool, a historic building in the town center with a guide price of £195,000 plus 5% buyers' premium and VAT. The former Lloyds Bank building has been vacant for years and is in poor condition, but it has a large extension to the rear that is let as a retail unit generating £3,600 per annum. Planning permission has been granted to convert the site into residential apartments, with four one-bedroom apartments already approved and potential for four more. The building will offer eight modern apartments and a retail unit, providing a strong rental yield or capital appreciation. The vendor will consider pre-auction offers above the guide price, making this a rare opportunity to acquire an iconic building in a prominent location.