Investors will have their eye on a character property in the Welsh spa town of Llandrindod Wells when it comes up for sale at Bond Wolfe’s next auction, with a price tag opening at £150,000.
Crescent Chambers, in South Crescent, is an attractive four storey Victorian property that has been leased to Mid and North Powys Mind since 2016 but is felt to have future residential development potential, subject to any necessary planning permissions.
It is for sale as a healthcare investment and listed in the livestreamed Bond Wolfe auction on Wednesday 27 March with a guide price* of £150,000+.
Ian Tudor, commercial auction director at Bond Wolfe, said: “This is a characterful property in a popular Victorian spa town in Powys, in mid Wales. It is well let and currently generates a rental income of £14,000 per annum.
“It is a mid-terraced building configured over ground, second and third floors and currently used as the offices of a mental health charity.
“The accommodation comprises lower ground floor, having three rooms and WC; the ground floor has a reception, two rooms and WC. The first floor has three rooms and a kitchen, the second floor has three rooms and a WC and third floor has three rooms and storage.”
The accommodation extends to approximately 3,035 sq ft.
Mr Tudor added: “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.
The property is let to Mid and North Powys Mind for a five-year term from 1 June 2021 at the current rent of £14,000 per annum.
The property is a short walk from the town centre and Llandrindod railway station, which connects to Swansea and Shrewsbury.
Llandrindod Wells is surrounded by areas of outstanding beauty and is popular with walkers, cyclists and tourists.
Crescent Chambers is just one of 191 lots that are appearing in Bond Wolfe’s next auction, which will start at 8.30am on Wednesday 27 March.
