Llanbrynean, Llanfrynach, Brecon
Sale of 140 acre small holding with substantial residence and traditional stone buildings

Article by

Chris Hyde
Director
Land Agency, Utilities & Energy, Property Auctions

(01656) 644644

Share this

THE PROBLEM

  • Whilst not a Listed building, Llanbrynean was a handsome Victorian residence, with large, well-constructed outbuildings holding potential for conversion for a variety of uses, subject to planning, and surrounding 140 acreage.
  • The tenant of the property had been in occupation since the early 1980s and benefitted from a protected  tenancy allowing him to stay at the farm for the remainder of his life.

THE SOLUTION

  • In order to facilitate the surrender of his tenancy, Chris Hyde negotiated a sale of some 100 acres of land to the tenant, which allowed him to continue farming, but left an attractive block of land to tie to the house and outbuildings.
  • It was clear that the outbuildings were ripe for conversion, but rather than the owners pursue a lengthy and costly planning application process themselves, we advised they seek a planners' report on the building.

THE RESULT

  • We ensured that the property, which had a rich and interesting history behind it, received media exposure, and both the BBC and local press ran stories enhancing the marketing.
  • Having invited 'best and final offers' for Llanbrynean, the property was sold to Hall School Wimbledon, an exclusive London school, the owners of which had been seeking a hub for an outward bounds centre for many years to enhance their curricular activities.
  • Having sold Llanbrynean, Cooke & Arkwright remain involved with HSW in assisting them with the extensive refurbishment of the house.

Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group