Retail Property for Sale in the LD1, Llandrindod Wells

Explore the Latest LD1 Retail Properties for Sale

Spa Rd

Llandrindod Wells, LD1 5ER

Retail for Sale
£370,000
1,478 sq ft

Llandrindod Wells Retail for Sale - Powys

Available for sale, guide price £370,000. Grade II Victorian landmark listed building with many interesting architectural features. This 6 bedroom, 4 storey, end of terrace property is situated just off the main shopping street of the historic spa town of Llandrindod Wells. EPC - TBC. Portland House is a Grade II Victorian landmark listed building currently comprising tearoom, owners’ accommodation & boutique bed & breakfast or “Airbnb”. Offering many interesting architectural features, this end of terrace, 4 storey, Grade II listed building with 6 bedrooms is situated just off the main shopping street of the historic spa town of Llandrindod Wells. The property benefits from views from the upper story windows over the town scape to the distant mid Wales hills. The property still retains many of the traditional Victorian characteristics such as well-proportioned rooms, high ceilings and many other period features of the era. The current owners operate a tearoom and restaurant from the ground floor and benefit from additional income by letting out boutique style en-suite bedrooms. There are many possible uses of this property by a new owner who could choose to run the tearoom and have extensive living accommodation on the upper floors, or perhaps “Airbnb” some of the bedrooms out. Briefly, the accommodation comprises on the ground floor: restaurant, kitchen, WC and two stores. The first floor has a lounge, dining room, kitchen, shower room and study. The second floor has 3 bedrooms (one with an en-suite) and a bathroom, while the top floor has three bedrooms; two with en-suite’s and one other bathroom. Outside to the right of the property is a drive which provides off road parking for several vehicles, a garage and access to the courtyard garden. Llandrindod town centre has a mix of small independent shops and benefits from that friendly spa town feel, the rest of the town has a range of eateries, public houses, doctor’s surgery, dentist, hospital with a small minor injury department, library, high school, primary schools, two supermarkets, leisure centre, golf course, train and bus stations and boating lake. The whole area around Llandrindod Wells is noted for its stunning scenery and the range of outdoor activities on offer. All furnishings available by separate negotiation. There are many possible uses of this property by a new owner who could choose to run the tearoom and have extensive living accommodation on the upper floors, or perhaps “Airbnb” some of the bedrooms out. Briefly, the accommodation comprises on the ground floor: restaurant, kitchen, WC and two stores. The first floor has a lounge, dining room, kitchen, shower room and study. The second floor has 3 bedrooms (one with an en-suite) and a bathroom, while the top floor has three bedrooms; two with en-suite’s and one other bathroom. Outside to the right of the property is a drive which provides off road parking for several vehicles, a garage and access to the courtyard garden. Llandrindod town centre has a mix of small independent shops and benefits from that friendly spa town feel, the rest of the town has a range of eateries, public houses, doctor’s surgery, dentist, hospital with a small minor injury department, library, high school, primary schools, two supermarkets, leisure centre, golf course, train and bus stations and boating lake. The whole area around Llandrindod Wells is noted for its stunning scenery and the range of outdoor activities on offer. All furnishings available by separate negotiation.

Contact:

McCartneys LLP

Property Subtype:

Shopfront Retail / Residential

Date on Market:

01/03/2024

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FAQs about Retail property for sale in LD1

See All Retail Spaces For Sale

How many Retail Property listings are available for sale in LD1?

There are currently 1 Retail Properties available for sale near LD1. These LD1 Retail Property listings have an average size of. The largest available listing in LD1 is. The thriving commercial centre and excellent transport links in LD1 make it an ideal location for businesses to find suitable Retail Property for sale.

How much does it cost to buy Retail Property in LD1?

The average price/SF for Retail Property for sale in LD1 is about. The cost per sq ft for Retail Property in LD1 ranges from to , depending on the location and the size of the property.

What factors could affect the prices of Retail Properties in LD1?

Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.

What is the largest Retail Property available for sale in LD1?

Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in LD1 is approximately.

What are the benefits of investing in retail property?

Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.

What risks should I consider when buying retail property?

Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.

How does lease length affect retail property investment?

Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.

What types of tenants occupy retail property?

Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.

Do I need planning permission to change a retail property's use?

Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the LD1, Llandrindod Wells

With 1 retail units currently available for sale in LD1, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in LD1, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in LD1, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in LD1 can form a valuable part of a diversified investment portfolio.

Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
Tenant covenant: Assess trading history, sector resilience, and lease security
Lease structure: Favour long-term FRI leases with upward-only rent reviews
Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
Rental yield & growth: Evaluate rent levels and local demand for retail space
Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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