Prime, Grade II Listed Freehold Office Investment, Let in its entirety to NFU Mutual in Llandeilo Town Centre
Summary
- 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
Accommodation
| Name | sq ft | sq m |
| Basement | 336 | 31.22 |
| Ground - Offices | 1,132 | 105.17 |
| 1st - Offices | 843 | 78.32 |
| Total | 2,311 | 214.71 |
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.
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Mainline Stations
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Llandeilo6 mins
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Ffairfach14 mins
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Llandybie83 mins
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Llangadog112 mins
Underground Station
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Reading2563 mins
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Twyford2645 mins
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Maidenhead2747 mins
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Taplow2780 mins
Further Information
Price £250,000
Rates Payable £6,149.50 per annum
EPC Rating This property has been set as EPC exempt.
Reason: Listed building
Description
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.
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
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.
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.
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