Summary - FLAT, BEEHIVE HOUSE, WEST STREET, RHAYADER LD6 5AB
4 bed 1 bath Terraced
Double-fronted Victorian retail frontage with original tiles and bay windows
Large level rear garden with mature trees, wildlife pool and shed
Three floors with spacious rooms and period features throughout
Currently tenanted until June 2027 — rental income in place
Only c.2 years remaining on lease; lenders may refuse to lend
Single bathroom and dated 1970s kitchen — refurbishment likely required
Mains gas boiler, radiators and double glazing (post-2002)
Town-centre location in busy market/tourist town, limited parking info
A prominent Victorian three-storey property on West Street, Rhayader, offering flexible use as retail, office or family accommodation subject to any required consents. The ground floor retains an attractive double-fronted retail room with original tiled entrance and large bay windows; upper floors provide spacious rooms with exposed painted floorboards and period features. The rear benefits from a large, level landscaped garden with mature trees, a wildlife pool and useful storage shed — a rare outdoor space in a town-centre position.
The property is currently tenanted on a lease that runs until June 2027. Only about two years remain on that lease which also leaves just two years on the associated leasehold term; mortgage lenders may refuse finance because of the short remaining lease. This materially affects many buyers and should be investigated with legal and lending advisers before viewing or offer.
Internally the building retains many original features but also shows its age: the kitchen is a 1970s style with original formica, there is a single bathroom, and some areas will need updating or refurbishment depending on intended use. Services include mains gas boiler and radiators, double glazing (post-2002), and cavity walls with partial insulation.
For an investor or buyer able to manage the lease and consent issues, the property offers strong potential: prominent retail frontage in a busy market town, multi-room accommodation across three floors, immediate rental income until 2027, and a substantial rear garden that increases residential appeal. Buyers should factor in potential renovation costs and the need to resolve the short lease and any planning consents for change of use.
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