Property With Potential Logo Property With Potential - return to homepage
Detached house for sale

>

Detached house for sale

Greyfriars House, Greyfriars Road, Cardiff, CF10 3AL
£1,350,000

Our Summary

  • FOR SALE BY PUBLIC AUCTION: The auction will take place online on 9th December 2025 at 05:06 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
  • Description Prime 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 five-storey office building in Cardiff City Centre is up for sale by public auction, with a guide price and reserve price to be determined. The building, Greyfriars House, has a current income of £204,965 per annum, representing an initial gross yield of over 15%. The property has development potential for alternative uses such as hotel, residential, and aparthotel, and a pre-app appraisal has been prepared to show its potential for residential conversion. The building has undergone significant refurbishments, including a new reception area, and features a central light atrium, suites varying in size, and amenities such as showers and bicycle parking. 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 December 9, 2025, and extended completion is available for 60 days.