Agent online is pleased to bring to the market this hotel room, overlooking the river, this is one of the best buy to let investment opportunities around - offering great benefits both with the property itself as well as with the superior location, in the popular and picturesque town of Builth Wells.
Why invest in mid Wales? Be amazed by the rich, rolling green landscapes of Powys and the unspoilt Ceredigion coastline. Mid Wales is the ideal destination for a rural holiday. There’s fantastic walking, cycling and riding country, from the Brecon Beacon and the Cambrian Mountains to the soft, rolling hills around Llanidloes. Builth Wells is the home to the world famous Royal Welsh Agricultural Show, Britain’s largest and most popular agricultural show, regularly drawing audiences of over 240,000 over the four days, with additional events taking place throughout the year such as, horse sales, the Smallholder & Garden Festival and Winter Fair. Although a bustling town with ample shops and a busy High Street, Builth also offers an opportunity for people looking to ‘get away from it all’. With a leisure centre, swimming pool, cinema and arts centre to keep all ages fit and entertained, Builth Wells is the perfect location for accommodation
1 Prices £60,000 - £80,000
2 10% net rental for 5 years
3 3 years rental paid in advance
4 110% optional buy back at year 10
5 No stamp duty
6 7 days free stay every year during ownership
Rental year 1 - £6,000
Rental year 2 - £6,000
Rental year 3 - £6,000
Rental year 4 - £6,000
Rental year 5 - £6,000
Total guaranteed rental - £30,000
Years 6 - 10 the rental will be viewed and based on current market conditions. If the market conditions remain the same you will accumulate another 12% - 15% return
Total income over 10 years -in excess of £60,000
Buy back at 110% of purchase price
goto Online Auctions is a new, innovative and pioneering platform for buying and selling property. Open to both cash and mortgage buyers. It provides all the benefits synonymous with traditional auctions, including: Speed and certainty of sale, transparency and zero risk of gazumping or double-selling but with the added advantage of being able to bid pressure-free from the comfort of your own home or office via desktop, tablet or mobile phone. Goto also offer a Buy-it-Now feature which allows you to place an offer and purchase before the Auction end date.
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be required to exchange contracts immediately after the fall of the virtual hammer, however the buyer will be given 56 days in which to complete the transaction, from the date the Draft Contract is received by the buyer’s solicitor, with the aim being to exchange contracts within the first 28 days. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort. The Buyers Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £5,400 including VAT plus an administration charge of £354 including VAT, a total of £5,754. This secures the transaction and takes the property off the market.
The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.
***photos are for illustration purposes only***
Note from the team at Agent Online
We always aim to ensure our properties are displayed accurately with the photos, floorplans and descriptions provided. However these are intended as a guide and purchasers must satisfy themselves by viewing the property in person.