Commercial Property
An incredible opportunity to acquire a historic building with a rich history offering an unbelievable and seldom seen development opportunity with breath taking potential.
The former college building at Spa Road East, Llandrindod Wells, was once part of the towns development as a Victorian spa resort, likely serving educational needs or as converted accommodation during its boom. Evolving from its origins amidst the influx of visitors seeking natural springs in the late 19th century when hotels and grand houses dominated the landscape, before becoming a college and later potentially redeveloped, fitting into the towns history as a growing centre in Powys.
This impressive and iconic building is set over several floors and requires refurbishment as well as offering multiple opportunities to develop the building as a whole.
No viewings are available.
Freehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
