Summary - Agricultural House,Old Kerry Road,Newtown,SY16 1BS SY16 1BS
1 bed 1 bath Retail Property (high street)
Large convertible freehold near the railway—income now, development potential STP.
Grade II listed landmark building dating from 1895
An iconic Grade II listed red-brick landmark in a prominent elevated position beside Newtown railway station. The freehold extends to approximately 19,404 sq ft across multiple floors, currently let to leisure operators producing £21,000pa. High ceilings, large sash windows and robust industrial fabric give strong character and flexible floorplates for alternative uses (subject to planning).
This is a clear income and asset-management opportunity for investors or developers willing to work with listed-building constraints. The property benefits from on-site off-street parking, excellent transport links (rail station adjacent, A489 nearby) and strong natural light throughout the large open-plan spaces. The asking price reflects a marketed gross yield of about 7.12% before purchaser costs.
Important practical points: the building’s Grade II status will restrict alterations and potentially increase conversion costs and consenting timescales. The area registers high local deprivation and very high crime levels, which may affect rental values, tenant mix and financing. Current tenancy income is modest relative to the building size, offering potential for active asset management or reconfiguration if planning permits.
Prospective buyers should request full tenancy schedules, service and expense records, and a schedule of condition. Professional surveys and early engagement with conservation officers are recommended to assess feasibility and costs for any conversion or refurbishment plans.
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