LOT 5 2 West Street, Knighton, Powys, LD7 1EN

Guide Price: £85,000 - £90,000 A Mixed Commercial/Residential Investment located in the town centre of the town of Knighton comprising of a ground floor lock up shop with a lower ground floor/basement area and a residential flat that are fully income producing.

SITUATION The property is prominently situated in the centre of the town of Knighton fronting onto West Street. Knighton is a market town located in Powys and benefits from all local amenities. The town lies approximately 31 miles South of the town of Shrewsbury and approximately 19 miles North West of the Town of Leominster. The town is located on the Shropshire/Powys Border. The Town had a population of 3,172 people at the 2011 Census.

ACCOMMODATION (all measurements are approx) Shop Premises (Ground Floor) 366 ft sq (34.01m sq) Toilet Office 87 ft sq (8.11 m sq) Lower Ground Floor/ Basement Area Office 89 ft sq (8.287 m sq) Toilet PLANNING The property is understood to benefit from A1 (Retail) Use and C3(Residential) Use under The Town and Country Use Classes Order 1987. SERVICES NOT TESTED - It is understood that mains water, electricity, and drainage are connected to the property. The shop and the flat benefit from separate service connections. TENURE The property is offered for sale Freehold subject to the following Tenancies. Ground Floor and lower ground floor/basement area is let on a commercial lease for 1 year from the 1st of March 2019 on DESCRIPTION Tenants Internal Repairing Terms at a rent of £4,200 per annum. The property comprises of an attractive two storey mid terraced The flat is let on an Assured Shorthold Tenancy Agreement at a property with a lower ground floor/basement of traditional brick rent of £ 325 pcm. construction under a slate roof cover. RATEABLE VALUE The property comprises of a ground floor lock up shop unit in We have made non-verbal enquiries to the local authority and retail use with a Total Net Sales Area of 366 ft sq (34.01 m sq) and have been advised as follows; an office and within the lower ground floor/basement area there are stores and offices which has a Total Net Area of approximately Rateable Value £3,100 502sq ft (46.63m sq). Flat- Council Tax Band A The rest of the property comprises of a two bedroomed apartment LOCAL AUTHORITY arranged over the first floor and benefiting from a self contained Powys Council, County Hall, Spa Road East, Llandrindod Wells, ground floor entrance. Powys, LD1 5LG The apartment comprises of a kitchen, bathroom, Sitting Room and two bedrooms. The apartment benefits from electric storage VIEWING heaters. All parking is on street. Strictly by prior appointment via Halls Commercial. SOLICITORS Hooper Burrowes Legal, 11 Yeomanry Road, Battlefield Enterprise 01743 450700 Park, Shrewsbury, SY1 3EH 01743 455402 ENQUIRIES James Evans, Halls Commercial, [email protected] Bowmen Way, Battlefield [email protected]