Income-producing, character-filled seaside investment with conversion potential.
Grade II listed Georgian building in Tenby town walls
An unusual, Grade II‑listed mixed commercial and holiday-let block in the heart of Tenby’s walled town. Brychan Yard occupies a prominent, high-footfall location on Upper Frog Street within the Pembrokeshire Coast National Park, delivering established rental income from three retail units and three holiday flats. The property’s Georgian character, arched entrance and cobbled mews give strong appeal to holiday visitors and independent retailers.
This freehold lot includes a large, well‑lit workshop/display area with high exposed trusses and skylights, presenting realistic scope (subject to consents) to convert the second‑floor studio into additional holiday accommodation. The shops are double/single fronted and work well for tourism-facing uses; the flats are currently set up for short‑term lets and heated by electric panel heaters.
Buyers should note material constraints: Brychan Yard is Grade II‑listed and within a conservation area, so alterations require consent. The seller will carry out separation works to divide the front section from the rear within 12 months of sale; the rear section is not included. Several practical issues are present — no gas to shops/flats, electric heating only, and the site is small with a compact footprint. Some refurbishment and compliance work might be needed to modernise services and to pursue development potential.
This is most relevant to investors or owners/operators seeking an income-producing, character property in a busy seaside market. The combination of holiday demand, strong town centre footfall and convertibility of the workshop offers upside, balanced by listed‑building planning constraints and ongoing maintenance responsibilities.
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