MapGuide price
£230,0001 bedroom apartment for sale
Broad Street, Welshpool SY21
Auction
Apartment
1 bed
1 bath
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- Tenure: Freehold
Guide Price £230,000 * Plus 5% Buyers Premium + VAT
For 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.co.uk
EXCELLENT INVESTMENT OPPORTUNITY FOR DEVELOPERS.
PLANNING PERMISSION FOR CONVERSION AND REDEVELOPMENT TO RESIDENTIAL
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 property is the former Lloyds Bank building located in the centre of the desirable market town of Welshpool.
In recent years, the principal building has been vacant and has consequently fallen into a poor state of condition. However, to the rear of the main building is a large extension, which is let as a retail unit generating c£3600 pa rental income.
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. The building will then offer eight modern apartments and a retail unit, which will ultimately provide a strong rental yield for investors seeking to retain the building or for strong capital appreciation on completion and sale.
This is a rare opportunity to acquire an historic and iconic building in a prominent town centre location and viewings are encouraged to appreciate the scope of the offering.
Full details are available within the legal pack.
Whilst listed for sale by auction, the vendor will consider pre-auction offers above the guide price and so interested parties should contact the marketing agents without delay.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
For 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.co.uk
EXCELLENT INVESTMENT OPPORTUNITY FOR DEVELOPERS.
PLANNING PERMISSION FOR CONVERSION AND REDEVELOPMENT TO RESIDENTIAL
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 property is the former Lloyds Bank building located in the centre of the desirable market town of Welshpool.
In recent years, the principal building has been vacant and has consequently fallen into a poor state of condition. However, to the rear of the main building is a large extension, which is let as a retail unit generating c£3600 pa rental income.
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. The building will then offer eight modern apartments and a retail unit, which will ultimately provide a strong rental yield for investors seeking to retain the building or for strong capital appreciation on completion and sale.
This is a rare opportunity to acquire an historic and iconic building in a prominent town centre location and viewings are encouraged to appreciate the scope of the offering.
Full details are available within the legal pack.
Whilst listed for sale by auction, the vendor will consider pre-auction offers above the guide price and so interested parties should contact the marketing agents without delay.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
About this agent
Town & Country Property Auctions - Cheshire, Staffordshire and Shropshire
23 - 25 Market Street,
Crewe, Cheshire
CW1 2EW
0161 937 0131Our story Town & Country can trace their history back to the early building societies of the nineteenth century, and more latterly the Town & Country Building Society which was formed in 1974. Town & Country Estate Agents formed in 1991 gaining immediate success with a model putting customer service to the forefront. Following expansion over North Wales, North-West and Shropshire, estate agency headquarters were established in Chester City Centre in 2007. 2010 saw the establishment of Town & Country Property Auctions with expansion into the UK, Ireland and overseas in 2018. The continued growth of TCPA nationwide has facilitated a move to new prestigious premises at Regus House, Chester followed by the development of a new digital marketplace for property auctions, with the goal of providing an easy to use, transparent platform for auction buyers and sellers in the modern age.
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