42 Broad Street, Welshpool, Powys, SY21 7RR
Town and Country Franchise LtdTown & Country Property Auctions offers a trusted and transparent platform for buying and selling properties across the UK, Ireland, and beyond. With roots dating back to the 19th century and a strong presence in North Wales, the North West, and Shropshire, they combine decades of expertise with a modern digital marketplace to streamline the auction process.
Read more Read moreWe 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.
