FOR SALE...FOR SALE Price: £795,000 (Exclusive) Mill Race Lodges, Llangunllo, near Knighton, Powys,...

FOR SALEPrice: £795,000 (Exclusive)

Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP■ 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)

hallsgb.com 01743 450 700

Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SPFOR SALE

■ Three high quality holiday lodges

■ Outstanding location and set in 2 acres of land

■ Income producing

■ Further development potential, subject to statutory

consents

LOCATIONThe 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.

Knighton 7 milesPresteigne 9 miles Hereford 34 miles

TRAVEL DISTANCES


FOR SALE

DESCRIPTIONThe 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 BUSINESSThe 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

Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP



ACCOMMODATION - The holiday lodges provide the following accommodation:(All measurements are approximate) LODGE 1Step 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 floorBedroom 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 2Open 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 floorBedroom 2 with kingsize bed.Bedroom 3 with twin beds.Bathroom with shower over bath, bidet and toilet.

Mill Race Lodges, Llangunllo, near Knighton, Powys, LD7 1SP



LODGE 3Step 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 floorLanding 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.

VATThe property is understood not to be elected for VAT



RATEABLE VALUE/COUNCIL TAXVerbal enquiries were made to the local charging authority and we were advised as follows:

Rateable Value 2019/2020 £9,000.00Rates Payable 2019/2020 £1,805.62(The property currently benefits from Small Business Relief)

TENUREThe subject property is to be sold on a Freehold basis with vacant possession. It is held under Title Number CYM760231

PRICEWe are instructed to seek offers in excess of £795,000 (Seven Hundred and Ninety Five Thousand pounds)(Exclusive).

LEGAL COSTSEach 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.

EPCThe property is currently designated as being EPC exempt



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.

IMPORTANT NOTICE Halls have advised their clients on the Code of Practice for Commercial Leases in England and Wales. Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agent they are, given notice that: i) These particulars are intended for guidance only. They are prepared and issued in good faith and are intended to give a fair description but do not consitute part of an over or contract. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. ii) Halls have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air and water contamination. The purchaser is responsible for making his or her own enquiries in this regard. iii) Neither Halls nor any of their employees has any authority

to make or give any representation or warranty whatsoever in relation to the property. iv) The images show only certain parts and aspects of the property at the time they were taken/created. Any areas, measurements or distances given are approximate only. Any plans are for identification purposes only. v) Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. An intending purchaser must verify these matters. An occupier should not rely upon the Use stated in these particulars and should check their proposed use with the relevant Planning Authority .

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]

VIEWINGStrictly by prior arrangement with the sole agent. For more information or to arrange a viewing, please contact :

01743 450 700


LOCAL AUTHORITYPowys County CouncilPowys County HallSpa Road EastLlandrindod WellsPowysLD1 5LGTelephone: 01597 826000

FINANCIAL ACT 1989Any purchasers should satisfy themselves independently as to VAT in respect of the transaction. All figures in these particulars are quoted

FOR SALE...FOR SALE Price: £795,000 (Exclusive) Mill Race Lodges, Llangunllo, near Knighton, Powys,...

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