£250,000
(£108.13/sq. ft)
Retail premises for sale121 Rhosmaen Street, Llandeilo SA19
2,312 sq. ft
About this property
Prominent, established trading position on Rhosmaen Street, the principal commercial thoroughfare of the highly regarded town of Llandeilo
Well-secured freehold investment let in its entirety to nfu Mutual
Newly completed 5 year lease from December 2025, providing a secure and immediate income stream
Passing rent of £19,100 per annum, providing a Gross Initial Yield of 7.64%
4 car parking spaces to the rear
Estimated Rates Payable: £6149.5
The property comprises an attractive mid-terrace, two storey period building of traditional brick and stone construction beneath a pitched, slate-covered roof, dating from the 19th century and sitting comfortably within the Victorian streetscape for which Llandeilo is well known.
Internally the property provides two ground floor offices together with welfare facilities and storage, three further offices to the first floor, and a basement currently used for storage. To the rear there is parking for approximately four vehicles.
The building is in excellent condition, and is let in its entirety to nfu Mutual, who have occupied the premises for a number of years and have recently renewed their lease, underlining their long-term commitment to the property.
Location
Llandeilo is a highly regarded market town in the heart of Carmarthenshire, renowned for its boutique retail and hospitality offering. Located approximately 15 miles east of Carmarthen and within easy reach of Junction 49 of the M4, the town benefits from good connectivity while retaining its distinctive independent character. 121 Rhosmaen Street occupies a prominent position on the town’s principal commercial and retail thoroughfare, at the heart of Llandeilo’s busy town centre opposite Cawdor Hotel.
Terms
The Freehold interest is for sale - Asking price £250,000
A purchase at the asking price of £250,000 would represent a Gross Initial Yield of 7.64% before costs.
Specifications
- Two ground floor office suites, together with kitchen/welfare facilities and ancillary storage
- Three further office suites to the first floor
- Floor coverings throughout
- Plastered and newly painted walls throughout
- Original period features throughout
Lease Summary
- Tenant: The National Farmers Union Mutual Insurance Society Limited (nfu Mutual)
- Term: 5 years, from 11 December 2025 to 10 December 2030
- Break Option: Tenant-only break on 11 December 2028, subject to 9 months’ prior written notice
- Rent: £19,100 per annum exclusive, payable monthly in advance
- Rent Review: Fixed for the term - no review during the 5-year period
- Repairing Basis: Please refer to the Lease for further details
- Use: Offices only
- Tenure: Freehold, Title Number WA833104
A copy of the Lease is available upon formal expression of interest.
Mortgage calculator
£1,250 per month
70+ lenders and 10,000+ products
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}