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12 bedroom block of apartments for sale

Temple Street, Llandrindod Wells

Offers in Region of £249,950

Property Description

Key features

  • Beautiful 5 Storey Victorian Dwelling
  • 8 Self-Contained Apartments
  • Useful Cellar
  • Private Garden
  • Town Centre Location
  • Investment Opportunity

Full description

Not quite built for a King, but built for a Duke. Now this imposing Victorian, end-terraced dwelling is an ideal investment opportunity having been converted into a mixture of 1 and 2 bedroomed apartments.

Overview - Holters are delighted to offer perspective purchasers the opportunity to acquire this fabulous four storey, end-terraced Victorian town house located in the heart of the popular spa town of Llandrindod Wells. Posing as an ideal investment development, Sandringham currently accommodates 8 charming apartments to include 5 one bedroomed and 3 two bedroomed apartments, however this imposing building could also be potentially restored back to a wonderful period house subject to all planning permissions and building regulations.

Built circa 1880, Sandringham is the end property of a row of 3 others and was originally one dwelling built by the Duke of Beaufort - Henry Charles FitzRoy Somerset (8th Duke of Beaufort) as a holiday retreat for his yearly visit to Llandrindod Wells, the property like so many buildings within the town eventually became a glamorous and luxurious grand hotel built to accommodate the economic boom due to the proposed 'healing qualities' of the local spring waters which attracted thousands of visitors a year towards the end of the 19th century. 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 Sandringham was converted into an apartment block in 1953.

In present day this approx 5300 sq ft building accommodates a number of tenanted occupants within the 8 self-contained apartments, all comprise a kitchen, separate reception room, bathroom and a double bedroom with 3 of the apartments offering the added bonus of an extra bedroom. Access to all dwellings and four floors are through the communal areas and stairwells while the cellar is approached via an external staircase. Overall the building which retains many period features has been maintained internally and externally by the current vendor since ownership in 1986 and benefits from spacious accommodation, gas fired central heating to apartments 1, 4, 6 and 8 with the remainder having gas/electric heaters, a useful cellar and a splendid garden area. The vendor does a magnificent job in maintaining the building and paints all the external windows, doors, soffits and fascias every 7 years. Sandringham could be an attractive venture for investors with a potential yield of 11% available based on the guide price of £250,000 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 impressive, large family home and as a result appeal to a variety of potential buyers.

Approached from the road side, paved steps lead up to the main entrance door and into the communal area. Inside the living accommodation is spread across 4 floors with each floor offering 2 apartments. Outside steps leads down to a useful cellar area and bathroom, while a pathway leads from the roadside, through a gateway and along the garden. The garden is largely laid to lawn, with herbaceous borders and neatly kept hedging. There is also a communal patio area which is primarily used to dry laundry from washing lines.

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 - 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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