Map
Area statsProperty for sale
Ashfield House, Llanymynech
Property
2483
Features and description
- Total Net Internal Floor Area - 2483 sq ft
- Net Initial Yield of 7.31% after normal purchasers costs
- Prominent Village position
- Fully Income Producing
The property comprises of a single storey restaurant with a three-bedroom flat above. The property provides a rental yield of 7.31% after usual allowing for normal purchaser’s costs.
The ground floor restaurant provides a Total Gross Internal Floor Area of approximately 1,286 ft sq (119.5 m sq), with the residential accommodation providing a Total Gross Internal Floor Area of approximately 1,197 ft sq (111.21 m sq)
Location - The property is prominently located in the centre of the border village of Llanymynech. The Grade II listed property is located in the established village centre with neighbouring properties of Village Pantry Café, The Dolphin and Cross Keys Hotel.
Llanymynech is a village and former civil parish straddling the border between Powys, Wales, and Shropshire, England, about 9 miles (14 km) north of the Welsh town of Welshpool. The name is Welsh for "Llan of the Monks". The village is on the banks of the River Vyrnwy, and the Montgomery Canal passes through it.
Tenure - The property is for sale on a Freehold basis and is held under Title Number CYM415167. The property will be sold with vacant possession subject to the current tenancies.
Lease Details - The property is let as following:-
Term: Six years from 28th January 2021
Rent: £11,180 per annum
Comments: Tenants Full Repairing and Insuring Terms (subject to service charge provisions)
Planning - Interested parties should make their own enquiries. The property is understood to benefit from planning for retail use falling within Use Class E. It is understood that the building is Grade II listed
Services - (Not tested at the time of our inspection.)
We understand that mains water drainage and electricity are connected to the property.
Local Authority - Powys County Council
Spa Road East
Llandrinod Wells
Powys
LD1 5LG
The ground floor restaurant provides a Total Gross Internal Floor Area of approximately 1,286 ft sq (119.5 m sq), with the residential accommodation providing a Total Gross Internal Floor Area of approximately 1,197 ft sq (111.21 m sq)
Location - The property is prominently located in the centre of the border village of Llanymynech. The Grade II listed property is located in the established village centre with neighbouring properties of Village Pantry Café, The Dolphin and Cross Keys Hotel.
Llanymynech is a village and former civil parish straddling the border between Powys, Wales, and Shropshire, England, about 9 miles (14 km) north of the Welsh town of Welshpool. The name is Welsh for "Llan of the Monks". The village is on the banks of the River Vyrnwy, and the Montgomery Canal passes through it.
Tenure - The property is for sale on a Freehold basis and is held under Title Number CYM415167. The property will be sold with vacant possession subject to the current tenancies.
Lease Details - The property is let as following:-
Term: Six years from 28th January 2021
Rent: £11,180 per annum
Comments: Tenants Full Repairing and Insuring Terms (subject to service charge provisions)
Planning - Interested parties should make their own enquiries. The property is understood to benefit from planning for retail use falling within Use Class E. It is understood that the building is Grade II listed
Services - (Not tested at the time of our inspection.)
We understand that mains water drainage and electricity are connected to the property.
Local Authority - Powys County Council
Spa Road East
Llandrinod Wells
Powys
LD1 5LG
Property information from this agent
Area statistics
Crime score
Low crime
0/10
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.