Rhosmaen Street, Llandeilo, SA19

Prime, Grade II Listed Freehold Office Investment, Let in its entirety to NFU Mutual in popular Market Town of Llandeilo, Carmarthenshire.

Overview

121 Rhosmaen Street occupies a prominent position on the town’s principal commercial and retail thoroughfare, at the heart of Llandeilo’s busy town centre opposite Cawdor Hotel.

Llandeilo itself is regarded as one of the best places to live in Wales, as reported by the Sunday Times and is popular with day-trippers, weekenders, tourists and local alike, attracted to the array of independent shops, eateries and the National Trust’s well-regarded Dinefwr Park and Castle.

The property is situated on Rhosmaen Street, a busy high street with a number of well-regarded shops in close proximity, in addition to professional services and public houses and the town’s main surface carpark is a short walk away. The town is also serviced by a regular bus service to Carmarthen and Swansea, whilst the train station is also nearby, with direct links along the Heart of Wales line.

Description

The property comprises an attractive mid-terrace, two storey period building of traditional brick and stone construction beneath a pitched, slate-covered roof, dating from the 19th century and sitting comfortably within the Victorian streetscape for which Llandeilo is well known.

Internally the property provides two ground floor offices together with welfare facilities and storage, three further offices to the first floor, and a basement currently used for storage. To the rear there is parking for approximately four vehicles.

The building is in excellent condition, and is let in its entirety to NFU Mutual, who have occupied the premises for a number of years and have recently renewed their lease, underlining their long-term commitment to the property.

Accommodation Specification

Two ground floor office suites, together with kitchen/welfare facilities and ancillary storage- Three further office suites to the first floor, with floor coverings throughout. Plastered and newly painted walls throughout with original period features throughout. Extending to 2,312 SQ FT (214.79 SQ M) in total. Refer to our virtual tour to view full aspect of the property.

Terms

The Freehold interest is for sale - Asking price £250,000. A purchase at the asking price of £250,000 would represent a Gross Initial Yield of 7.64% before costs. VAT not applicable.

Lease Summary

- Tenant: The National Farmers Union Mutual Insurance Society Limited (NFU Mutual)
- Term: 5 years, from 11 December 2025 to 10 December 2030
- Break Option: Tenant-only break on 11 December 2028, subject to 9 months’ prior written notice
- Rent: £19,100 per annum exclusive, payable monthly in advance
- Rent Review: Fixed for the term — no review during the 5-year period
- Repairing Basis: Full repairing and insuring terms
- Use: Offices only
- Tenure: Freehold, Title Number WA833104

A copy of the Lease is available upon formal expression of interest.

Services

We understand that all mains services are connected to the property. None of the services have been tested.

Energy Performance Certificate

EPC Exempt - Listed Building

Business Rates

Rateable Value: £12,250
Rates Payable: £6,149.50 per annum

Wayleaves, Easements and Rights of Way

The property is sold subject to and with the benefit of all rights, including rights of way, whether public or private, light, support, drainage, water, and electricity supplies and any other rights and obligations, easements and proposed wayleaves for masts, pylons, stays, cables, drains and water, gas and other pipes, whether referenced or not.

Planning

All planning related enquiries to Carmarthenshire County Council Planning Department, County Hall, Castle Hill, Carmarthen, SA31 1JP.
Tel:

Plans

Plans are prepared for identification purposes only. The purchasers shall be deemed to have satisfied themselves as to the description of the property. Any error or mis-statement shall not annul a sale or entitle any party to compensation in respect thereof.

Local Auhority

Carmarthenshire County Council, District Offices, 3 Spilman Street, Carmarthen, SA31 1LE. Tel:

Viewing

Strictly by appointment with the Vendors Agents Rees Richards & Partners.
Please contact Carmarthen Office for further information:
12 Spilman Street, Carmarthen, SA31 1LQ.
Tel: or email