High Street, Knighton, Powys

The freehold interest in a High Street building in Knighton is offered for sale by private treaty. The sale includes two vacant ground-floor shop units and the cellars beneath, while two upper-floor flats are held on separate 999-year leases and are occupied. The freehold is therefore subject to those leases and includes the associated ground rent income, understood to be £250 per annum for each flat; buyers should confirm the lease terms and title extent with their legal advisers. Full planning permission was granted in November 2024 for the change of use of the shops and cellars to a two-bedroom home with an en-suite for each bedroom. The approved layout places an open-plan kitchen and dining area, living space and study on the ground floor, with both bedrooms and their en-suites at lower-ground level. The existing shop accommodation has street-facing display windows, rear WC and store areas, and separate cellar access. The building is within the Knighton Conservation Area, and prospective purchasers should check the permission, conditions and implementation requirements with the relevant authorities and professional advisers. The property is in Knighton town centre, close to the Clock Tower and within walking distance of local amenities and the railway station. Ludlow and Leominster are approximately 17 and 20 miles away, with Hereford around 30 miles away. Further information, including the approved plans and lease details, is available from McCartneys LLP.