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Broad Street, Welshpool SY21 1 bed apartment for sale
42 Broad Street, Welshpool, Powys, SY21 7RR
£195,000
42 Broad Street, Welshpool, Powys, SY21 7RR
£195,000
Our Summary
- Guide Price £195,000 * Plus 5% Buyers Premium + VAT For sale by Unconditional Online Auction on the 29th of January 2025
- EXCELLENT INVESTMENT OPPORTUNITY FOR DEVELOPERS
- PLANNING PERMISSION FOR CONVERSION AND REDEVELOPMENT TO RESIDENTIAL Description 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
For sale by online public auction is 42 Broad Street, Welshpool, a historic building in the town center that offers a great opportunity for investors and developers to acquire and renovate. The former Lloyds Bank building has been vacant for years and is in a poor state of 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 develop the site into residential apartments, with the potential to create eight modern one-bedroom apartments and a retail unit, providing a strong rental yield or capital appreciation. The property is listed for sale by auction, but the vendor will consider pre-auction offers above the guide price. Viewings are encouraged to appreciate the scope of the offering, and full details are available within the legal pack.