Property Details
This is a very large former two-storeyed warehouse premises situated in a very popular side street close to the heart of the award-winning high street of Treorchy that offers numerous uses and development potential.
Proposals
Historically the property was used as a Brewery and has some fascinating stories to tell. With that in mind, we propose to retain the character of the property and resurrect its potential and convert it back into a large family home.
We propose to demolish part of the rear warehouse and convert the area into a modern rear garden with off-street parking. There is also the possibility to keep some of the rear warehouse and convert it into a new modern small business unit to either sell or rent.
For the original building, we propose to retain as much character as possible and at the same refurbish the property into a large beautiful five-bedroom family home.
For the driver, there is a good links to M4 that leads to Pontypridd, Cardiff, Swansea and many Tourist Attractions. There are plenty of local Primary and Secondary schools also within walking distance, including a general hospital, surgery, College and Sport / Leisure Centres.
Property Photographs
The property briefly comprises of a Hallway, numerous reception rooms, a staircase to the first floor, warehouses to the rear, storage rooms, offices, toilets, etc all of which will be converted into a new residential layout.
Proposals
- Based on converting into a large modern five bedroom family home
- Agreed Price £100,000.00
- Refurb Cost £124,000.00
- Solicitors Fees £1,000.00
- Planning Fees and Design £5,000.00
- FMV £349,000.00
- Potential Profit £120,000.00
Proposed Refurbishment Works
Demolish rear warehouses. Completely renovated the main character dwelling to a modern 5 bedroom family home and create a new modern rear garden with off-street parking
Full Market Value Comparables for this type of development are not readily available although a nearby smaller property did sell on the main high street in March 2020 for £245,000.00. Other properties nearby have sold for £290k
Disclaimer
The above is based on our own research and proposals and should not be deemed as factual.
All parties must carry out their own ‘Due Diligence Checks’ and be mindful that the financial and property markets fluctuate daily.
We cannot be held responsible for these fluctuations or changes to the information obtained.