No longer on the market
This property is no longer on the market
Floorplans (
MapCommercial development
Commercial development
5583
Features and description
- 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
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
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
Property information from this agent
About this agent
Halls - Commercial Property
Halls Holdings House, Bowmen Way, Battlefield
Shrewsbury, Shropshire
SY4 3DR
01743 534860Halls Commercial provides a range of specialist commercial property services to clients of all sizes across the UK. We have a comprehensive knowledge of our markets developed over many years operating in this sector. Our service is forward thinking, personal and professional, designed to achieve the best results for our clients whatever their requirements. Although we operate nationwide, we retain a particular emphasis on the Midlands. Agency Services Our commercial agency team are on hand to offer friendly advice and market appraisals, helping you buy and sell commercial property throughout Shropshire, Worcestershire, Mid Wales, the West Midlands and beyond. We advise investors and developers on selling and acquiring commercial property, while also assisting with the acquisition of new premises or disposing of unwanted space. From offices and retail to industrial and leisure-based properties, we can guide you through the sale of all types of commercial property. Offering advice at every stage, we will help you find the best route to market and give you advice on how to attract the right buyers. We can also give guidance on development land, whether owner occupied or held as an investment. With strong links to buyers, our skilled and knowledgeable team are on hand to advise from start to finish. This includes guidance on any works required prior to sale, including applications for planning consent, refurbishment programmes and tenant disputes. Management Services Offering a strategic approach, we always have your future needs in mind. Whether you’re an experienced landlord or a one-off investor, we understand that your priority is to increase the value of your investment while minimising void periods and building a strong tenant profile. Working closely with our in-house marketing and PR team, we have a comprehensive tenant vetting process to help minimise your risks. If you’re looking to expand your commercial property portfolio, we will take the time needed to gain a full understanding of your needs and match you with properties suited to your business requirements within your timescales. Professional Property Services Halls Commercial is a team of RICS Registered Valuers with professional indemnity insurance cover of £10 million. As you would expect we are on the valuation panels of most of the major banks including Barclays, Lloyds, Royal Bank of Scotland, HSBC, NatWest, Handelsbanken, and Clydesdale. Our experienced team of valuers operates in accordance with RICS Valuation Standards (Red Book), International Financial Reporting Standards (IFRS) and UK GAAP and alongside the years of experience across our Commercial team, our valuations are backed by the latest valuation and appraisal software.