Summary - 31 - 32 High Street, 31 - 32 High Street, Brecon LD3 7AP
1 bed 1 bath Retail Property (high street)
Substantial central retail asset with strong frontage and refurbishment potential.
Freehold town-centre corner unit with pedestrianised frontage
Extremely large total space 11,090 sq ft across multiple floors
Ground floor full-width display glazing and central entrance
Partly occupied: national retailer ground floor, solicitors above
Requires internal inspection; upper floors likely need modernization
No private outdoor space; small plot limits physical expansion
Area very deprived with high local crime — impacts risk and costs
Quoted rent £60,000 p.a.; brochure shows 10% gross initial yield
This freehold town-centre retail building occupies a prominent High Street corner in Brecon, offering exceptionally large internal space (11,090 sq ft) across ground and upper floors. The ground floor has full-width display glazing and a central entrance onto a pedestrianised parade, delivering strong visibility and consistent passing footfall. Partly occupied (national retailer at ground floor; solicitors above), the property suits investors seeking a long-term, central retail holding with potential to reconfigure upper floors subject to planning.
The property is Victorian in style and externally appears reasonable, but the retail fit-out and upper-floor accommodation require internal inspection and likely modernization to realise alternative uses or higher rental value. There is no private outdoor space and the plot is small, so expansion is limited to internal reconfiguration. Broadband speeds are average; mobile signal is excellent.
Material considerations are straightforward: the area is classified as very deprived with a high local crime rate, and the wider neighbourhood shows transitional demographics. These factors may affect tenant mix, rents and insurance costs. Investors should factor in potential refurbishment costs, service and security needs, and confirm exact net internal areas and planning potential for change of use.
Offered at £600,000 with a quoted rental income of £60,000 p.a. (10% gross initial yield on brochure figures), the property presents an opportunity for income return and asset management — especially for buyers able to execute a targeted refurbishment and tenancy strategy in a prominent market-town location near Brecon Beacons National Park.
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