Office for sale in South Crescent, Llandrindod Wells LD1

Investment Consideration:
Gross Initial Yield: 9.33%
Rental Income: £14,000 p.a.
VAT is not applicable to this property
Comprises mid-terrace Victorian building currently operating as a mental health facility
Future residential development potential subject to vacant possession and obtaining planning
Situated withing short walk to Llandrindod Train Station and town centre with occupiers nearby including Greggs, HSBC, Boots, Spar Convenience Store, Hotels, Pubs and many more.

Property Description:
The property comprises a mid-terrace Victorian building arranged over ground, lower ground, first, second and third floor and currently operating as a mental health facility, providing the following accommodation and dimensions:
Lower Ground Floor: 3 Rooms, WC
Ground Floor: Reception, 2 Rooms, WC
First Floor: 3 Rooms, Kitchen
Second Floor: 3 Rooms, WC
Third Floor: 3 Rooms, Storage
Total gia: 282 sq m (3,035 sq ft)
*Total area size sourced from EPC certificate and not measured by Blue Alpine.

Tenancy:
The property is at present let to Mid and North Powys Mind for a term of 5 Years from 1st June 2021 at a current rent of £14,000 p.a. And the lease contains internal repairing and insuring covenants. Tenant in occupations since 2016.

Location:
Llandrindod Wells, sometimes known colloquially as Landod, is a town and community in Powys, within the historic boundaries of Radnorshire, Wales. It serves as the seat of Powys County Council and thus the administrative centre of Powys. The property is situated withing short walk to Llandrindod Train Station and town centre with occupiers nearby including Greggs, HSBC, Boots, Spar Convenience Store, Hotels, Pubs and more.