FOR SALE Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP Price: £795,000 (Exclusive) ■ An outstanding opportunity to acquire three holiday lodges (which are income producing)and sitting on a Total Site Area of 2 acres (0.809 hectares) the property benefits from future development potential for leisure/residential uses (Subject to Statutory Consents) FOR SALE Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP
■ Three high quality holiday lodges ■ Outstanding location and set in 2 acres of land ■ Income producing ■ Further development potential, subject to statutory consents
LOCATION The property is located in a small cluster on the edge of Llangunllo near Knighton located just off the B4356. Llangunllo is located approximately 7 miles from the town of Knighton, where all local amenities are available. The property has to be inspected to appreciate it's outstanding location, which is in an area of outstanding natural beauty.
Knighton is an area best known for its association with Offa’s Dyke, but due to the town being partly in Wales and partly in Shropshire, there are many nearby attractions, including, in Wales, the red kite feeding station, the Judges Lodgings, Spaceguard Centre, Elan Valley and Powys Castle.
The town had a population of 3,172 people at the 2011 census and is located on the side of the Teme River. Knighton is located approximately 30 miles midway between the County Town of Shrewsbury and the City of Hereford and is located at the junction of the A4113 and the A488. TRAVEL DISTANCES
Knighton 7 miles Presteigne 9 miles Hereford 34 miles
hallsgb.com 01743 450 700 FOR SALE Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP
DESCRIPTION The property sits in a site of approximately 2 acres. The property comprises of three high quality detached holiday letting lodges which were constructed by the vendors. The holiday cottages are located in grounds benefitting from a river frontage and an idyllic location. Each holiday cottage benefits from a private hot tub, parking for two vehicles, access to a freezer and a barbecue area. The rest of the site benefits from lawned areas, which are well presented and have development potential (subject to statutory consents).
THE BUSINESS The property benefits from three detached holiday cottages. The vendors have established a highly respected holiday letting business from the property. The property is only reluctantly offered for sale by the vendors due to their retirement.
A viewing needs to be undertaken to understand the high quality of this opportunity.
Financial information is available from the selling agents, upon request. There is significant potential to increase profitability by higher occupancy rates or the further development of the site (subject to statutory consents) with numerous potential leisure opportunities.
A full appreciation of the property and the business opportunity by accessing the following link:
https://www.cottages.com/cottages/mill-race-lodges-lodge-3-w43692
hallsgb.com 01743 450 700 FOR SALE Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP
ACCOMMODATION - The holiday lodges provide the following accommodation: (All measurements are approximate) LODGE 1 Step to entrance. Open plan living space. Living area with Freeview TV and DVD player. Dining area. Kitchen area with electric cooker, microwave, fridge, dishwasher and washing machine. Sauna room. Bedroom 1 with twin beds. Wet room with shower and toilet. Open tread stairs to first floor Bedroom 2 with kingsize bed. Bedroom 3 with twin beds. Bathroom with shower over bath, bidet and toilet. Freezer shared with lodge 2 in outbuilding.
LODGE 2 Open plan living space. Living area with electric woodburner, Freeview TV and DVD player. Dining area. Kitchen area with electric cooker, microwave, fridge, dishwasher and washing machine. Sauna room. Bedroom 1 with twin beds. Wet room with shower and toilet. Freezer shared with lodge 1 in outbuilding. Open tread stairs to first floor Bedroom 2 with kingsize bed. Bedroom 3 with twin beds. Bathroom with shower over bath, bidet and toilet. hallsgb.com 01743 450 700 Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP FOR SALE Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP
LODGE 3 Step to entrance. Open plan living space. Living area with Freeview TV and DVD player. Dining area. Kitchen area with electric oven, electric hob, microwave, fridge, freezer, dishwasher and washing machine. Bedroom 1 with twin beds. Wet room with shower and toilet. Open tread stairs to first floor Landing with single day bed. Bedroom 2 with king size bed, dressing area and en-suite wet room with shower and toilet. Bedroom 3 with twin beds and en-suite wet room with shower and toilet.
*Lodges 1 and 2 have a shared freezer located in an outbuilding, lodge 3 has its own freezer.
VAT The property is understood not to be elected for VAT
hallsgb.com 01743 450 700 FOR SALE Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP
RATEABLE VALUE/COUNCIL TAX Verbal enquiries were made to the local charging authority and we were advised as follows:
Rateable Value 2019/2020 £9,000.00 Rates Payable 2019/2020 £1,805.62 (The property currently benefits from Small Business Relief)
TENURE The subject property is to be sold on a Freehold basis with vacant possession. It is held under Title Number CYM760231
PRICE We are instructed to seek offers in excess of £795,000 (Seven Hundred and Ninety Five Thousand pounds)(Exclusive).
LEGAL COSTS Each party is to be responsible for their own legal costs in respect of this transaction.
SERVICES (No services were tested at the time of our inspection) The property is understood to benefit from mains electricity, water and a private drainage system.
EPC The property is currently designated as being EPC exempt
hallsgb.com 01743 450 700 FOR SALE Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP
hallsgb.com 01743 450 700 FOR SALE Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP
PLANNING Prospective purchasers should make their own enquiries to the local planning authority. The property is located in a 2 acres site with potential for further development, subject to statutory consents.
The property is understood to benefit from planning consents for two further holiday lodges. Further details are available from the selling agents on request.
The lodges currently benefit from consent for holiday lodges and a restriction on full owner occupier occupation. There may be potential to vary this, subject to statutory consents. hallsgb.com 01743 450 700 FOR SALE Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP
LOCAL AUTHORITY Powys County Council Powys County Hall Spa Road East Llandrindod Wells Powys LD1 5LG Telephone: 01597 826000
FINANCIAL ACT 1989 Any purchasers should satisfy themselves independently as to VAT in respect of the transaction. All figures in these particulars are quoted
VIEWING Strictly by prior arrangement with the sole agent. For more information or to arrange a viewing, please contact :
Huw Bevan 07795 486 267 E: [email protected]
James Evans 07792 222 028 E: [email protected] Sarah Davies E: [email protected]
Lucy Wilde E: [email protected] 01743 450 700
IMPORTANT NOTICE Halls have advised their clients on the Code of Practice for Commercial Leases in England and Wales. to make or give any representation or warranty whatsoever in relation to the property. iv) The images show only certain parts Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agent they are, given notice that: and aspects of the property at the time they were taken/created. Any areas, measurements or distances given are approximate i) These particulars are intended for guidance only. They are prepared and issued in good faith and are intended to give a fair only. Any plans are for identification purposes only. v) Any reference to alterations to, or use of, any part of the property is not description but do not consitute part of an over or contract. Any information given should not be relied on as a statement or a statement that any necessary planning, building regulations or other consent has been obtained. An intending purchaser representation of fact or that the property or its services are in good condition. ii) Halls have not made any investigations into must verify these matters. An occupier should not rely upon the Use stated in these particulars and should check their the existence or otherwise of any issues concerning pollution and potential land, air and water contamination. The purchaser proposed use with the relevant Planning Authority . is responsible for making his or her own enquiries in this regard. iii) Neither Halls nor any of their employees has any authority