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The guide price and reserve price have been reduced.
ONLINE AUCTION from 1st OCTOBER-3rd OCTOBER
A semi-detached property comprising of a café and three letting rooms to the ground floor, plus two bedroomed owners accommodation flat to the top floor.
To the rear of the property is a small garden and parking for approximately four vehicles
The property is currently achieving the following rental figures:
Double Letting Rooms : £85 per night (including breakfast)
Single Letting Room : £50 per night (including breakfast)
The Wye Knot Stop is a character cottage style café and bed & breakfast, that has operated in its current form for a number of years. The property is suited to someone wishing to run a café and manage an AirBNB. Subject to the relevant consents the property may be suitable for use as a restaurant, public house or convenience store.
Location
The property is situated in the scenic village of Llyswen close to the banks of the river wye. The area is popular with kayakers and holidays makers.
It is well situated to take advantage of its position between Brecon, Hay and Builth Wells, being an area that is home to a large number of towns and villages. It also benefits from its close proximity to the Brecon Beacons National Park, the River Wye and the Black Mountains, which all attract a large number of tourists and outdoor enthusiasts visiting the area, especially during the holiday period.
The premises holds a prominent location in the centre of the village overlooking the Green facing the main road.
Services
The property benefits from LPG gas, water and electric (not tested).
VAT
There is no VAT due on the sale of this property.
Ground Floor: Front entrance leading into the CAFÉ, being a comfortably decorated room with exposed beam effect ceiling and tiled floor. Feature stone chimney with solid fuel burner. Service counter with glazed display and drinks cabinet. Seating 27.
Office/Dry Store: Shelving, fridge freezers and computer desk. Catering kitchen with tiled walls, tiled floor, extraction hood, good selection of commercial catering effects and equipment. Lean-to offering laundry and fridge store. Customer toilets. WC and hand basin.
Letting Room: Single bedroom with ensuite Shower room (mainly used for walkers).
The Pottery: Disabled bedroom with its own external access from the rear. Triple room with vaulted ceiling and ensuite wet room.
First Floor
The Mill Room: Triple room with sofa seating area and ensuite bathroom.
Owners Accommodation: Entrance hallway, bathroom. 2 large double bedrooms, lounge with feature fireplace.
Outside: Immediately to the front of the property is a wall enclosed strip of land with seating.
To be sold with vacant possession
Advised Freehold - to be verified by solicitor
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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