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Commercial Property for Sale near the LD8, Presteigne

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Commercial Properties for Sale Within 10 miles of the LD8, Presteigne

More details for 2 West St, Knighton - Retail for Sale

2 West St

Knighton, LD7 1EN

  • Retail for Sale
  • £85,000
  • 995 sq ft

Knighton Retail for Sale - Powys

DESCRIPTION<br /><br />The property comprises of an attractive two storey mid terraced property with a lower ground floor/basement of traditional brick construction under a slate roof cover.<br /><br /><br /><br />The property comprises of a ground floor lock up shop unit in retail use with a Total Net Sales Area of 366 ft sq (34.01 m sq) and an office and within the lower ground floor/basement area there are stores and offices which has a Total Net Area of approximately 502sq ft (46.63m sq). <br /><br /><br /><br />The rest of the property comprises of a two bedroomed apartment arranged over the first floor and benefiting from a self contained ground floor entrance. <br /><br /><br /><br />The apartment comprises of a kitchen, bathroom, Sitting Room and two bedrooms. The apartment benefits from electric storage heaters. All parking is on street.<br /><br /><br /><br />SITUATION<br /><br />The property is prominently situated in the centre of the town of Knighton fronting onto West Street. Knighton is a market town located in Powys and benefits from all local amenities. <br /><br />The town lies approximately 31 miles South of the town of Shrewsbury and approximately 19 miles North West of the Town of Leominster. <br /><br />The town is located on the Shropshire/Powys Border. The Town had a population of 3,172 people at the 2011 Census. <br /><br /><br /><br />PLANNING<br /><br />The property is understood to benefit from A1 (Retail) Use and C3 (Residential) Use under The Town and Country Use Classes Order 1987.<br /><br /><br /><br />SERVICES<br /><br />NOT TESTED - It is understood that mains water, electricity, and drainage are connected to the property. The shop and the flat benefit from separate service connections.<br /><br /><br /><br />TENURE<br /><br />The property is offered for sale Freehold subject to the following Tenancies. Ground Floor and lower ground floor/basement area is let on a commercial lease for 1 year from the 1st of March 2019 on Tenants Internal Repairing Terms at a rent of £4,200 per annum. The flat is let on an Assured Shorthold Tenancy Agreement at a rent of £ 325 pcm.<br /><br /><br /><br />RATEABLE VALUE<br /><br />We have made non-verbal enquiries to the local authority and have been advised as follows;<br /><br /><br /><br />Rateable Value £3,100<br /><br />Flat- Council Tax Band A<br /><br /><br /><br /><br />

Contact:

Halls Holdings Limited

Property Subtype:

Shopfront Retail / Residential

Date on Market:

08/07/2025
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LoopNet UK Powys Presteigne Commercial Properties For Sale in LD8, Presteigne, UK

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FAQs about Commercial Properties For Sale in LD8

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How many Commercial Property listings are available for sale in LD8?
There are currently 1 Commercial Properties available for sale near LD8. These LD8 Commercial Property listings have an average size of. The largest available listing in LD8 is. The thriving commercial centre and excellent transport links in LD8 make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in LD8?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in LD8 currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in LD8?
There is a diverse range of commercial properties available in LD8 to suit various business needs. LD8 offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 1 LD8 commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

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