Knighton, Shropshire LD7

£300,000

Guide price

  • Bedrooms: 9
Property Description

Substantial detached property on the fringes of the historic border town offering scope for improvement/development subject to relevant permissions.

Property Details

Originally built as a Railway Hotel, this substantial landmark property over four storeys enjoys 20 plus rooms including a stable and a commercial room with double doors onto the street that could be used for a variety of businesses. This development opportunity previously had planning for conversion to three houses, but would also lend itself ideally to conversion into up to eleven sizable apartments, including conversion of the attic space. There is scope for the property to be used as business premises, e.g. B&B, Hotel, Walker's Bunk House, Offices, or Live-Work space for a self-employed business person subject to relevant permissions. This property is located at the heart of walking country and is literally a stone’s throw from the Railway station on the scenic Heart of Wales Line that links it with county town of Shrewsbury, and Crewe and Telford to the North and rural Wales and eventually Swansea to the South. Faster trains are due in 2022. Because Knighton has its own telephone exchange, broadband speeds are good; ’super fast broadband’ is also available with a fibre cabinet opposite the property, and an underground conduit was recently installed under the road to the property by Open Reach, potentially reducing the cost of installation of fibre to the property if this is required. The property is situated in a rural area of natural beauty frequented by tourists & walkers and is on the edge of a market town providing amenities. Knighton benefits from two National Trails, it is at the mid point of the Offa’s Dyke Path (many walkers choose to walk this 177 mile trail in two halves), and at the beginning of 135 mile Glyndwr’s Way running west into Wales. The property is not listed and is not in a conservation zone, making it an attractive development project.

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Details:

Conditional Terms:

https:

//www.iamsold.co.ukhttps://www.iamsold.co.uk/auction/properties/a2b82a93070a4afaaf e307/terms

Please Note that the property has a confirmed end date 5th May 3pm for any auction bids. An questions please call the office.

Video Viewings:

If proceeding without a physical viewing please note that you must make all necessary additional investigations to satisfy yourself that all requirements you have of the property will be met. Video content and other marketing materials shown are believed to fairly represent the property at the time they were created.

Property reference 3894520

Arrange viewing 01544 598005

Russell Baldwin & Bright - Kington

5 High Street, Kington, Herefordshire

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