Crescent Chambers, South Crescent, Llandrindod Wells, Powys, LD1 5DH
Mid terraced healthcare investment in Llandrindod
Guide price*
£150,000+
Plus fees
Unsold
Lot information
Commercial Investment
Auction details:
Wednesday 27th March 2024 @ 08:30AM
A Well Let Freehold Healthcare Investment Property Within A Popular Spa Town Having Future Residential Development Potential Subject To Any Necessary Planning Permission Current Rental Income £14,000 PA
Property Description
The property comprises a characterful, mid terraced building configured over ground, second and third floors and currently used as a health facility. The accommodation comprises lower ground floor, having three rooms and WC, ground floor with reception, two rooms and WC. First floor having three rooms and kitchen, second floor with three rooms and WC and third floor having three rooms and storage. The accommodation extends to approximately 3,035 (282 sq.m). It should be noted we have not undertaken a measured survey and all interested parties must seek their own verification of floor areas and dimensions and the suitability of the property for any proposed future use.Location
The property occupies a prominent position to the northern side of the A4081, South Crescent which runs between the A483 Temple Street and Spa Road. Llandrindod Wells is in an attractive and popular Victorian Spa town in Powys mid Wales and is surrounded by areas of outstanding beauty and is popular with walkers, cyclists and tourists.The property is situated a short walk from the town centre and Llandrindod railway station which stands on the Heart of Wales line with connections to Swansea and Shrewsbury.
Energy Performance Rating
ETenure
Freehold. The property is let to Mid and North Powys Mind for a term of 5 years from 01/06/2021 at a current rental of £14,000 per annum.The tenant has been in occupation since 2016.
We have not had sight of the lease documentation however a copy will be available for inspection within the legal pack.
Value Added Tax
We understand VAT is not be chargeable on this transaction.Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.Viewings
Whilst we endeavor to undertake accompanied viewings of investment properties, this cannot always be guaranteed, for further details contact the auctioneers.DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,160 inc VAT (£1,800.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.
