Summary - Retail, Residential and Office Investment Opportunity, Darkgate Centre, Carmarthen SA31 1PS
1 bed 1 bath Commercial Development
Town-centre retail income with clear conversion upside for investors.
Freehold mixed-use building of approx. 10,000 sq ft
A prominent, freehold mixed-use development in the heart of Carmarthen’s pedestrianised retail quarter, the Darkgate Centre delivers immediate retail income and clear redevelopment upside. The ground floor comprises nine shop units, currently let to national tenants and benefitting from strong pedestrian footfall between Merlins Walk and Red Street. Upper floors provide office suites with straightforward potential for conversion to additional residential or workspace, subject to planning.
The site extends to around 10,000 sq ft with a very large overall plot and a small public plaza to the front. Services are to mains and there is no recorded flood risk. Broadband speeds are fast and mobile signal is excellent, supporting modern residential or flexible office uses.
Key risks are material and should be factored into valuation: the immediate area is very deprived and crime levels are very high, which could affect rental tone, lettability and insurance costs. The building will also require planning consent for change of use or intensification, and upper-floor refurbishment works are likely to be needed before re-letting or sale as residential units. Investors should allow for refurbishment, management costs and local market sensitivity when assessing yield and exit strategies.
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