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Greyfriars Road, Cardiff CF10 Detached house for sale
Greyfriars House, Greyfriars Road, Cardiff, CF10 3AL
£1,350,000
Greyfriars House, Greyfriars Road, Cardiff, CF10 3AL
£1,350,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 28th October 2025 at 04:00 PM with registration through our website
- Prime income producing five storey in Cardiff City Centre office building with development potential for alternative uses such as hotel, residential and aparthotel
- DescriptionPrime income producing five storey in Cardiff City Centre office building with development potential for alternative uses such as hotel, residential and aparthotel
- A pre-app appraisal has also been prepared to show the potential for the building to be converted to residential units
- Based on the report, our opinion would be that the building has potential for residential, hotel, aparthotel or PBSA conversion
- The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price
- Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction
Description
A prime income-producing five-storey office building in Cardiff City Centre is up for auction, with a guide price and reserve price to be determined. The property, Greyfriars House, offers over 37,000 square feet of accommodation across five floors, with an informed current income of £204,965 per annum, representing an initial gross yield of over 15%. The building has development potential for alternative uses such as hotel, residential, and aparthotel, with a pre-appraisal report suggesting potential for conversion to residential units. The property is situated in the heart of Cardiff City Centre, surrounded by a mix of hotel, office, and residential uses. The auction will take place online on October 28th, 2025, with extended completion available for 60 days.