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Crown Buildings, 11 Broad Street, LD2

For sale: £315,000.00|5,583 Sq Ft|Other, Mixed Use, Other Property Types & Opportunities

Property details

FOR SALE£315,000.00
SIZE5,583 Sq Ft
ADDRESSCrown Buildings, 11 Broad Street, Builth Wells, LD2 3AE
TYPEOther, Mixed Use, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON8th April 2024

Description

Key Points

  • Full planning for the conversion of the upper floors into two residential units
  • Total Net Internal Floor Area of 5,583 sq ft (518.7 sq m)
  • Commercial investment with re-development potential
  • Prominent town centre location
  • Large car park at the rear of the property
  • Summary

    Commercial investment with redevelopment potential, full planning for the conversion of the upper floors into 2 residential units

    Description

    The property offers a significant redevelopment/investment opportunity in the centre of the town of Builth Wells. The property is being offered for sale with vacant possession as Barclays Bank are vacating the property and this allows a comprehensive redevelopment of the property to include the large car park at the rear of the property.

    The building is of brick construction and provides accommodation arranged over 4 floors extending in total to approximately 5,583 sq ft (518.7 sq m).

    The property is currently arranged as a self contained ground floor retail unit and is to being vacated by Barclays Bank offering further development potential. This area is arranged as a retail unit with storage facilities etc

    The first and second floors have previously been let as office accommodation separately accessed off Broad street. The offices are accessed via a communal staircase and have shared WC facilities on each floor along with kitchen points in each office. There is a service charge in place for the communal and externals of the building. The building is part slate roofing with a flat roof section at the rear of the property.

    There is full planning for the conversion of the upper floors into two residential units. See the planning section for further info.

    The property is owned under title number CYM323078.

    Location

    The property is located in Builth Wells, a rural town in the county of Powys with a population of 2,568 inhabitants. The town is situated 40 miles to the west of Hereford, 60 miles to the south west of Shrewsbury and 64 miles to the north of Cardiff. The property is positioned on Broad Street in the town centre which is one of the main streets in the town. The rear car park to the property backs onto the A483 which acts as the principal road through the town and acts as an important transient route across Mid-Wales.

    Builth Wells is home to the Royal Welsh Showground, which functions as an important conference centre, hosting over 400 events in 2017, including the Annual Royal Welsh Show held in July that attracts over 200,000 visitors, which significantly enhances the profile of the area

    Location

    marker
    Location: Crown Buildings, 11 Broad Street, Builth Wells, LD2 3AE

    Builth Road (1.7 miles)

    Cilmeri (2.4 miles)

    Garth (Powys) (5.6 miles)

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