18 bed Flat For Sale, Alexandra Road, Llandrindod Wells LD1

Description

**for sale by online auction**pair of investment properties** 7th September with paul fosh auctions**viewing 2nd September 1pm-5pm strictly by appointment only**

A substantial pair of semi-detached Victorian investment properties returning an income in the region of £50,000 per annum when fully let. Both of these properties retain many period features and have been substantially refurbished over the past few years.

Temple Lodge is an end of terrace property that has been converted into eight self contained flats, five one bedroom and three two bedroom. All eight flats have Worcester Bosch gas combi boiler central heating and recently the property has had new double-glazed windows installed resulting in EPC ratings of ‘C’ for all eight flats. The property also benefits from fire safety improvements throughout the building which includes a fully integrated fire alarm system covering the flats and communal areas. Currently, seven of the flats are let on ASTs and the eighth will be sold with vacant possession. In 2020/2021 with all flats let, the property rental return after agent fees was £28,473.

Alexandra house is attached to Temple Lodge, sharing a communal fire escape to the rear and has been converted into eight one-bedroom flats. Three of the properties have gas central heating, two with Worcester Bosch Combi Boilers and one with a conventional gas boiler. Two flats have new panel heaters, and one has conventional storage heaters. The two remaining flats require refurbishment. The whole building has had double glazed windows installed resulting in EPC ratings of ‘C’ for five flats and ‘D’ for the remaining three flats. The property also benefits from fire safety improvements throughout the building which includes a fully integrated fire alarm system covering the flats and communal areas. Currently five of the flats are let on ASTs with three being sold with vacant possession. In 2020/2021 with six flats let, the property rental return after agent fees was £ 21,018.

Both building are located close to the centre of the historic Spa Town of Llandrindod Wells, where a range of shops can be found in the town centre. The town has both primary and secondary schools, hospital, train and bus station, 2 supermarkets and a golf course. The whole area around Llandrindod Wells is noted for its stunning scenery and the range of outdoor activities on offer.

Vieiwing: September 2nd 1pm-5pm strictly by appointment only

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18 bed Flat For Sale £390,000 Alexandra Road, Llandrindod Wells LD1

18 bed Flat For Sale £390,000
Alexandra Road, Llandrindod Wells LD1