Property for sale in Broad Street, Builth Wells LD2

Guide price £36,000
Property for sale - 1 bedroom 1 1
Interested in this property? Call +44 117 444 9508 * or Request Details

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Property features

  • Being sold by online auctions
  • Guarenteed rental income
  • Guarenteed buy back option
  • Fantastic investment opportunity

Property description



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

Investment:

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.

General Information

Auctioneer's Comments

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.

Property info

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For more information about this property, please contact
Agent Online Services, BS32 on +44 117 444 9508 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Agent Online Services, and do not constitute property particulars. Please contact Agent Online Services for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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