8 bed Flat For Sale £275,000
Watergate, Brecon LD3

Not getting the return on your money in the bank? Well why not invest it into property! With a potential annual income of £22,000 this is certainly an opportunity to consider!

Key Features

- investment opportunity!
- Freehold Tenure
- Five Self-Contained Flats
- Substantial Building
- Over Three Floors
- Comprising 1 & 2 Bedrooms Flats
- Currently 5 of 5 tenanted
- Convenient Town Location
- When Fully Occupied an Annual Income of £22,200
- epc's tbc

The Property

9 Watergate is a substantial semi-detached property located close to the town centre of Brecon. The building underwent substantial improvements in 2006-2007 and offers well maintained accommodation throughout. The freehold sale of the building offers the opportunity for an investor to secure an attractive return on their investment, when the five flats are occupied an annual income just in excess of £22,000 can be received. The flats are let on as tenancies which have now become periodic tenancies.

The accommodation is over three floors and is a made up of 1 & 2 bedroom flats as follows;

9A - Ground Floor, one bedroom.

9B - Ground floor, one bedroom

9C - First floor & second floor, two bedroom

9D - First floor, one bedroom

9E - Second floor, two bedroom

The Location

The property is located close to the centre of the market town of Brecon. The town itself is a historic Cathedral town where you can wile away the time and lose yourself it its beauty and history as well as the beautiful architecture, its narrow streets and passageways lined with Georgian and Jacobean shop fronts, and in its sense of timelessness. It is a traditional Mid Wales market town, where they are still held every Tuesday and Friday. The River Usk flows through the town and the promenade along the Usk is an ideal area for a gentle stroll, you can even enjoy boating on the river. New additions to the town are Bethel Square Shopping Centre and Theatre Brycheiniog.

Just two miles outside the town are the famous Brecon Beacons, these are one of four ranges of mountains and hills in South Wales which make up the Brecon Beacons National Park. The National Park was established in 1957. The Brecon Beacons are ideally located and open all year round, offering a full range of exciting activities such as, climbing, abseiling, caving, pot holing, gorge walking, kayaking, canoeing, white water rafting, white water kayaking, white water open canoeing, orienteering, mountain biking, archery, land carting, team building, canoe expeditions, raft building and boasting the first high level ropes course in the area as well as conference facilities and accommodation in Hotels, B&Bs, Inns, Self-Catering Holiday Cottages and camping facilities.

Services

We are informed the property is connected to all mains services.

Heating

The properties have the benefit of gas fired central heating.

Council Tax

Powys County Council
Flat 9A - Band A.
Flat 9B - Band A.
Flat 9C - Band A.
Flat 9D - Band A.
Flat 9E - Band A.

Tenure

We are informed the property is of freehold tenure. The building is sold with as tenancies in place, copies of which will be passed to the purchases solicitor during the conveyancing.

Nearest Towns

Merthyr Tydfil - 18 miles
Hay-on-Wye 16 miles
Cardiff - 42 miles
Swansea - 40 miles

Money Laundering Regulations

We will require prospective purchasers to produce two original id documents prior to any offer being accepted by the owners.

Consumer Protection

Consumer protection from unfair trading regulations 2008 -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.