Summary - High Street, Brecon, LD3 LD3 7AL
4 bed 3 bath Mixed Use
Town-centre income with refurbishment upside for investor buyers.
Prominent High Street location opposite town amenities
A prominent mixed-use investment on Brecon High Street, this Georgian mid-terrace combines a long-term commercial lease with two fully let two-bedroom flats. The ground-floor shop is occupied by a national bank (Santander) on a five-year lease, producing the largest single income line and with tenant responsibility for interior repairs and usual outgoings. Total current rent is £29,990pa, offering a gross yield of about 7.7% at the asking price of £390,000.
The upper parts are two spacious two-bedroom flats, gas-heated and EPC rated D, producing £550pcm and £595pcm respectively. The building retains period features and high ceilings, and presents clear scope for selective refurbishment to add value to the residential accommodation or improve energy performance. Construction predates 1900 with stone walls likely uninsulated and electric storage heating present in parts, so upgrading fabric and heating would materially reduce running costs and improve lettability.
Material drawbacks are factual and important to budgeting: the area records high crime and significant deprivation, broadband speeds in the location are very slow, and the property sits on a small plot in a busy town-centre setting. The commercial lease contains a tenant-only break after year three; insurance is arranged by the landlord with the tenant paying a portion. Prospective buyers should allow for planned maintenance, potential external and internal refurbishment, and any costs to bring insulation and heating up to modern standards.
High street retail property for sale in 31 - 32 High Street, 31 - 32 High Street, Brecon, LD3 — £600,000 • 1 bed • 1 bath • 11090 ft²
High street retail property for sale in 19-20 High Street, Brecon, LD3 7AL, LD3 — £290,000 • 1 bed • 1 bath • 3480 ft²
Office for sale in Lion Yard, Brecon, LD3 — £235,000 • 1 bed • 3 bath • 1542 ft²
2 bedroom apartment for sale in Watton, Brecon, LD3 — £185,000 • 2 bed • 1 bath • 912 ft²
High street retail property for sale in Ship Street & 5 Wheat Street, Brecon, Powys., LD3 — £250,000 • 1 bed • 1 bath • 1286 ft²
2 bedroom terraced house for sale in Newgate Street, Brecon, LD3 — £170,000 • 2 bed • 1 bath • 736 ft²
