19-21 North Parade 5,759 SF Retail Building Aberystwyth SY23 2JN $1,000,568 ($173.74/SF) 6.95% Cap Rate

The property at 19–21 North Parade, Aberystwyth is a prominent 4-storey corner retail investment, positioned at one of the busiest junctions in the town centre—North Parade and Terrace Road—directly overlooking Owain Glyndwr Square. It is majority occupied by Tesco Stores Ltd, who operate the ground floor convenience store and part of the first floor under a long lease until 2034. Tesco’s decision not to exercise break clauses in 2019 or 2024 indicates the store is a strong trading location.
The upper floors (2,184 sq ft) are currently vacant and present meaningful development potential. These floors currently lack connected utilities and would require refurbishment.
The property benefits from strong footfall due to its central position and proximity to national retailers and transport links, including being only 110 metres from Aberystwyth Train Station.