Initial price	£195,000
01/02/25	£135,000
Price Change	-30.77%

For sale by unconditional online auction is the former Lloyds Bank building in Welshpool, a historic property with great potential for developers and investors. The property, located in the town centre, has fallen into disrepair and is currently vacant, but planning permission has been granted to convert it into four one-bedroom apartments. Additionally, the vendor believes that permission will be granted for four more apartments, bringing the total to eight modern apartments and a retail unit. The property currently generates £3,600 per annum in rental income from the rear retail unit and offers a strong rental yield or potential for capital appreciation on completion and sale. The vendor is open to pre-auction offers above the guide price, making this a rare opportunity to acquire a prominent town centre location with vast development potential.