Looking for an investment that will bring you in a return from the second you pick the keys up? Then look no further than this superb investment property in a central town location offering further scope for revenue!
A rare opportunity to purchase a sympathetically renovated character property in the centre of Llanwrtyd Wells. Currently, the property in its current guise offers a tenanted commercial unit & three bedroom maisonette with the benefit of a tenant on an AST, with two one bedroom holiday let units. Internally, approached from the side door, the accommodation briefly comprises an entrance hallway, giving access into the store room with boiler room and WC and open access into the 19 x 10 ft shop front. The entrance hallway also leads to the ground floor holiday unit, nearing completion which comprises a 20 x 11 ft reception room, the 12 x 10 ft bedroom and the en-suite shower room. On the first floor, there is another self-contained holiday let, comprising a 13 x 8 ft reception, shower room and 10 x 10 ft bedroom. Also on this floor is access into the 20 x 12 ft maisonette reception room with woodburning stove and opening into the modern fitted kitchen, measuring 10 x 9 ft. On the second floor, accessed from the self-contained maisonette, are three double bedrooms and a modern shower room. There is also a miniature staircase leading from the landing into a useful attic space, measuring 15 x 14 ft. This exceptional character property is the perfect source of income and would currently allow the new owner to begin earning money from day one, with a current gross rental yield in the region of 3.39% with the potential for holiday lets from the two vacant units increasing this figure substantially. The renovation works on the ground floor holiday unit are nearing completion, whilst the first floor holiday unit is already up and running and bringing in a return.
Llanwrtyd Wells is one of the smallest towns in Mid-Wales, sitting astride the River Irfon. With a population of approximately 850, it famously claims to be the smallest town in Britain. The town is located on the A483 between Llandovery and Builth Wells near the Tywi and Irfon valleys. Llanwrtyd Wells grew as a spa town around the Ffynnon Ddrewllyd, which still exists, following the discovery of waters with healing properties in 1732. The town is the site of both the World Bog Snorkelling Championships and the annual Man versus Horse Marathon, as well as other annual events. The market town of Builth Wells, located at the heart of Powys, is just 13 miles away in what is arguably some of the most beautiful countryside in the United Kingdom. Builth Wells lies within the Historic Boundaries of Brecknockshire, situated on the banks of the River Wye and the River Irfon – The upper section of the Wye Valley. Builth Wells is famously known for hosting the annual Royal Welsh Show, which is the biggest agricultural show in Europe and attracts over 240,000 visitors to the town each year.