High Street, Llandrindod Wells, LD1

Rare Investment Opportunity - Freehold Mixed-Use Property with Strong Yield in Llandrindod Wells

A rare and exciting opportunity to acquire a fantastic freehold property in the heart of Llandrindod Wells, offering a strong gross rental yield of approximately 7.8%. Ideally located in a prominent High Street position, the accommodation is arranged over four storeys, comprising a ground floor retail unit with basement, and a spacious two-bedroom maisonette above. Additional benefits include two off-road parking spaces and a private courtyard garden accessed from the commercial unit.

The Maisonette

Currently let at £550 per calendar month, this self-contained two-bedroom maisonette has its own private entrance directly from the High Street. Upon entry, the hallway houses meter boxes for both the shop and flat, and leads to a first-floor landing with a large double storage cupboard containing the hot water tank.

The first floor opens into a bright and spacious open-plan living area, with a dining space at the rear offering far-reaching views to the northwest. The front-facing reception room features Juliet balcony doors, allowing natural light to flood the space, and flows seamlessly into a modern fitted kitchen, which also enjoys matching Juliet balcony doors and ample space for cooking and food preparation.

Upstairs, the second-floor landing provides additional storage and access to two generously sized bedrooms. The main bedroom, located at the front, is a large double with a superb built-in wardrobe. The guest bedroom, at the rear, shares the same attractive outlook as the dining area. A large family bathroom completes the accommodation, fitted with a panelled bath, low-flush WC, and a vanity unit with inset wash basin.

The Commercial Premises

The retail unit is currently leased at £500 pcm, and offers excellent shop frontage directly onto the High Street, with large display windows and ample internal space for retail use. To the rear of the ground floor is a sales counter and access to a passageway leading to the basement, which is currently used as a fitting room. Timber stairs lead down to a spacious basement area, comprising a kitchenette/workshop space, rear enclosed porch, and an understairs storage cupboard. Beyond this is a front-facing storage room, ideal for stock or equipment. Also on the basement level is a shower room, fitted with a shower cubicle, low flush WC, and pedestal wash basin.

External Features

To the rear of the property is a private courtyard garden, accessible from the basement level of the commercial premises. The building also benefits from two designated parking spaces in the car park behind - one allocated to the maisonette and one to the shop.

Listing & Architectural Notes

The property is Grade II listed, with architectural significance noted by Cadw:

“Later C19 3-storey whitewashed brick front, slate roof, boxed eaves, large brick stack to centre left and smaller one to right gable end. Six windows wide (uneven spacing), 2-light sashes to second floor; taller 2-light casement windows to first floor opening on to balcony; all with deep reveals. Four-panel door to ground floor left with fanlight and plain shop front to right with recessed modern door. Two-light sash window beyond plus two four-panel doors with rectangular fanlights. Cycle shop front to far right with plain fascia supported on double scroll brackets to ends on broad pilasters with panelled decoration. Shop window of three grouped sashes and half-glazed door to right. Principal interest of this building is its ironwork six-bay balcony, with highly ornamental railings featuring foliage detailing, supported on cast iron columns with lightly foliated capitals and Gothic traceried spandrels. The ironwork continues at the sides, extending the full depth of the balcony.”

Telephone & Broadband: Telephone- subject to BT transfer regulations. According to comparethemarket.com the property has a broadband speed of: 54.65 Mbps (average speed of Mbps).

Please note you should always confirm this by speaking to the specific provider you would like to use. This is for guidance only.

The property is located on the High Street in Llandrindod Wells, the county town of Powys - the largest county in Wales. This popular Victorian spa town offers a wide range of retail, recreational, and educational facilities, making it a desirable place to live and visit. Surrounded by stunning countryside, Llandrindod is easily accessible via road, rail, and local bus services connecting it to nearby towns and villages. The town hosts a variety of attractions, including The Albert Hall Theatre, the National Cycle Collection museum, and a scenic lake with impressive sculptures. It’s also home to the celebrated Victorian Festival, where the town transforms in period style for a week each year. Education is well catered for, with multiple primary schools, a comprehensive secondary school, and sixth form options. Sports and leisure facilities include a football and rugby club, international-standard bowling greens, a modern leisure centre, and a highly regarded 18-hole golf course with driving range. Located near the Wye Valley Area of Outstanding Natural Beauty and close to the Elan Valley, the area is a walker’s paradise. Just outside town, the Red Kite Feeding Centre at Gigrin Farm offers visitors the chance to see these magnificent birds up close every day.