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14 bedroom block of apartments for sale

Temple Street, Llandrindod Wells

Offers in Region of £320,000

Property Description

Key features

  • Substantial Detached Period Property
  • Convenient Town Centre Location
  • 11 Self-Contained Apartments
  • Private Parking Area
  • Far Reaching Views From Upper Floors

Full description

Now we're no 'Bargain Hunt' experts, but straight away we can tell a good investment if we see one. Offering 11 apartments housed within a beautiful looking Victorian detached property and ideally located in the town centre is Belmont. We'll be surprised if David Dickinson himself doesn't consider a late bid.

Overview - An opportunity to acquire this substantial four storey, detached, double fronted Victorian town house located in the heart of the popular spa town of Llandrindod Wells. Posing as an ideal investment development, Belmont currently accommodates 11 charming apartments to include 8 one bedroomed and 3 two bedroomed apartments, however this imposing building could also be potentially restored back to a wonderful period detached house subject to all planning permissions and building regulations.

Built circa 1865, Belmont like many buildings in the town centre was once a glamorous and luxurious grand hotel built to accommodate the economic boom due to the proposed 'healing qualities' of the local spring waters attracted thousands of visitors a year. During the 'season' between May and mid-September visitors would take the waters at the pump rooms at the Rock Park and Pump House, entertained by orchestras. Hotels, boarding houses and shops. The building was later separated and Belmont was converted into an apartment block in 1973.

In present day this approx 6400 sq ft building accommodates a number of tenanted occupants within the 11 self-contained apartments, all comprise a kitchen and separate reception room apart from 3 which feature open plan living kitchens. All have a bathroom and a double bedroom with 3 further apartments offering the added bonus of an extra bedroom. Access to all dwellings and four floors are through the communal areas and stairwells. Overall the building which retains many period features has been maintained internally and externally by the current vendor since ownership approximately 27 years ago and benefits from spacious accommodation, gas fired central heating to apartments 1 and 6 with the remainder being electric/has heaters, a private parking area with space for 8 vehicles and far reaching views from upper floors over the town and surrounding countryside. The vendor does a magnificent job in maintaining the building and paints all the external windows, doors, soffits and fascias every 7 years including the external stairwell, the building was also re-roofed in 1990 and later re-pointed as well. Belmont could be an attractive venture for investors with a potential yield of 11% available based on the guide price of £320,000 and rental incomes of £260.00 PCM (£60 PW) for a one bedroom apartment and £303.33 PCM (£70 PW) for a two bed, but as previously mentioned this beautiful building could also be transformed into an impressing, large family home and as a result appeal to a variety of potential buyers.

Approached from the roadside a driveway leads alongside the right of the building to the private parking area. A side entrance door leads into the communal stairwell which features traditional mosaic tiled flooring. The accommodation is spread across four floors with floors two and three offering 3 apartments each, while floors one and four sharing the remainder. Outside a gateway from the roadside, opens to the front courtyard garden. The low maintenance garden is largely paved and gravelled with cast iron fenced and walled borders.

Llandrindod Wells or more locally known as Llandod is the county town of the largest county in Wales, Powys. Offering an extensive range of retail, recreational and educational facilities the spa town is a popular destination for visitors owing to the picturesque surrounding countryside and mixture of beautiful Victorian and Edwardian town houses, which overshadow the winding streets of many independent and well-known chained stores. Served by the Arriva Heart of Wales Line which links Shrewsbury and Swansea, Llandrindod is easily accessible by both rail and road with several local bus services in and around the area, neighbouring towns and villages. There is outstanding education available in the area, with several primary schools and a comprehensive secondary school and six form. The town also hosts a post school college Coleg Powys, which offers a wide range of vocational courses. As mentioned Llandrindod Wells offers a great deal of everyday essentials, with an excellent range of independent retailers and a number of supermarkets chains, farm materials, banks, electrical stores and a large array of bars and restaurants with more further facilities for commerce, leisure, shopping and education available at Builth Wells, Rhayader and further a field Brecon. If you like to spend your time soaking up some local culture Llandrindod plays host to a theatre - The Albert Hall theatre, a museum - the National Cycle Collection in memory of Tom Norton, or the large man-made lake and accompanying sculptures. The town also hosts the annual Victorian Festival Many where locals and some visitors dress in Victorian, Edwardian or other antique costumes, and many of the town's shops and other high-street businesses dress their windows or otherwise join in the spirit of the event. If you are somebody that likes to participate in leisure activities and, Llandrindod is an ideal place for you, the town has many sporting and recreational facilities including a Football Club, Rugby Club, an international standard outdoor bowling green which hosts national and international events and a newer indoor bowling centre and highly regarded 18 hole, links golf course with driving range. There is also a leisure centre housing a full sized swimming pool, gymnasium, astroturf pitch and indoor sports hall.

Services - Mains gas, water, electricity and drainage.

Heating - Part gas fired central heating and electric and gas heating units.

Council Tax - All apartments are band A, charge £850.93 per apartment.

Links To Central London - Via Road - travel time is approximately 4hrs 1min based on a 194 mile journey travelling along the M5, M42 and then M40.
Via Rail the quickest travel time is approximately 5hrs 06min based on a standard transfer to Paddington Station (PAD) from Llandrindod Station (LLO) via Shrewsbury (SHR), Birmingham New Street (BHM) and London Euston (EUS).

Links To Central Cardiff - Via Road - travel time is approximately 1hr 42mins based on a 71 mile journey travelling along the A470.
Via Rail the quickest travel time is approximately 3hrs 13mins based on a standard transfer to Cardiff Central Station (CDF) from Llandrindod Station (LLO) via Craven Arms (CRV).

Nearest Airports - Cardiff Approximately 82 miles (duration: 2hr 8min via road)
Bristol Approximately 93 miles (duration: 2hr 13min via road)
Birmingham Approximately 99 miles (duration: 2hr 3min via road)
Liverpool John Lennon Approximately 107 miles (duration: 2hr 27min via road)
Manchester Approximately 116 miles (duration: 2hr 32min via road)

Disclaimer - Notice: The Property Misdescription Act Holters for themselves and for the vendors or lessors of this property whose agents they are give notice that: 1. These particulars are set out as a general outline only for the guidance of intended purchasers or lessors and do not constitute part of an offer or contract. 2. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each term of them. 3. The vendors or lessors do not make or give, and neither do Holters for themselves nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property.

More information from this agent

Listing History

Added on Rightmove:
16 June 2016


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