Broad Street, Newtown

14 Broad Street is situated in the centre of Newtown. The retail lock up shop unit is currently let to Betfred, with the rear of the property occupied on a sperate lease agreement. The property has an approximate Total Gross Internal Floor Area of 4,155 sq ft (386m sq).

At an asking price of £340,000 showing an investment opportunity with a yield of 10.79% (after usual purchasers costs).

Location - The property is prominently situated fronting onto Broad Street in the centre of Newtown. Broad Street serves as one of the main streets in the town’s retail hierarchy.

Newtown is an established market town and administrative centre serving the county of Powys. The town has a population of 11,362 people with a significant catchment population.

Newtown is situated approximately 34 miles from the town of Shrewsbury and 14 miles from the town of Welshpool.

Tenancy Schedule - 14 Broad Street
Chameleon Services (UK) Limited and Done Brothers (Cash Betting) Limited.
Lease length: 25 years from the 11th October 2005 with an annual rent of £23,000 (exclusive) on Tenants Full Repairing and Insuring Terms.
&
5 Wesley Close
R & A Property Associates LLP and Comfort Inn Limited T/A TY 'R Bont.
Lease length: 2 years 6 months from the 1st December 2025 with an annual rent of £15,000 (exclusive) on Tenants Full Repairing and Insuring Terms.

Convenance - Done Brothers (Cash Betting) Limited T/a Betfred operate approximately 1,432 betting premises in the UK. For the 78 week period ending 30th March 2025 reported a profit after taxation of £69,972,000, with a turnover of £867,299,000.

Tenure - The property is offered for sale freehold subject to the existing occupational leases. The property is held under Title Numbers WA942006

Vat - It is understood that the property is elected for VAT. Any sale can potentially proceed as a transfer of a going concern (TOGC)

Planning - Interested parties are advised to make their own enquiries to the local authority.

We understand the property has got planning under the Town and Country Use Classes Order 1987 for use class A1 and C1.

Services - (Not tested at the time of inspection)

We are advised that the property benefits from mains electricity, water and drainage.

The two parts of the property are understood to be separately metered.

Epc - Betfred - Current Rating - C (59)
Accommodation - Current Rating - C (62)

Rateable Value - 14 Broad Street - Betfred - Current rateable value (1 April 2026 to present) £9,000
5 Wesley Close - TBC

Legal Costs - Each party is to be responsible for their own legal costs.

Price - £340,000 (exclusive) showing a Net Internal Yield of 10.79% after allowing for normal purchasers costs.

Local Authority - Powys County Council, Powys County Hall, Spa Road East, Llandrindod Wells, Powys, LD1 5LG