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

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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.

Mansford has expanded its investment portfolio over the last few years. Over this time Andrew West has provided us with a full rating valuation service which has involved giving a view on liabilities prior to acquisitions, as well as conducting negotiations with Valuation Officers on our UK estate. The portfolio includes a wide range of properties from shops, offices and pubs to major leisure schemes. He has been particularly successful in mitigating our liabilities to empty property rate, which has been an issue on acquisition prior to implementing our development and letting strategy. I have no hesitation in recommending Andrew's expertise in rating valuation for all property types. The profile of property within his portfolio and the successes achieved are testament to his position as an extremely accomplished rating practitioner.

Leopold Hall, Partner, Mansford LLP