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St Mary Street, Cardiff CF10 Terraced house for sale
St Mary Street, Cardiff CF10
£225,000
St Mary Street, Cardiff CF10
£225,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 10th June 2025 at 04:06 PM with registration through our website
- Further development potential (Subject to consents)
- Please note the lot on Bakers Row in our auction which is connected with this property and occupies the basement of this property
- The investment includes the ground floor entrance, and first and second floor investment units, extending to approximately 2100 sq ft each (195sqm) as well as the right over the roof space above which may have future development potential, subject to consent, there is also a small ground rent from the ground floor unit let on a long leasehold to Tesco
Description
A freehold property with an upper floor investment is being sold by public auction in Cardiff's main retail area. The property, located on St Mary Street, features a Grade II listed frontage and consists of a three-storey mid-terrace building. The investment includes three floors of approximately 2100 sq ft each, with the first and second floors let to UK Beauty Lounge Ltd and Barbering School Wales Ltd, respectively, for a combined annual rent of £38,000. This represents an initial gross yield of around 17%. The property also has a small ground rent from a long-leasehold unit let to Tesco. With further development potential subject to consent, this property presents an attractive investment opportunity in a prime location. The auction is scheduled to take place online on June 10th, 2025, at 4:06 PM.