Retail in LD8 available for sale
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Retail Property for Sale near the LD8, Presteigne

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Retail 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 Retail Properties For Sale in LD8, Presteigne, UK

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FAQs about Retail property for sale in LD8

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in LD8?
There are currently 1 Retail Properties available for sale near LD8. These LD8 Retail 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 Retail Property for sale.
How much does it cost to buy Retail Property in LD8?
The average price/SF for Retail Property for sale in LD8 is about. The cost per sq ft for Retail Property in LD8 ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in LD8?
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 LD8?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in LD8 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 LD8, Presteigne

With 1 retail units currently available for sale in LD8, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in LD8, 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 LD8, 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 LD8 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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