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Terraced house for sale
26-27 St Mary Street, Cardiff, CF10 1AB
£225,000
26-27 St Mary Street, Cardiff, CF10 1AB
£225,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 10th June 2025 at 04:27 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
This freehold property in Cardiff's main retail area offers a lucrative upper floor investment opportunity, with rents totaling £38,000 per annum, representing an initial gross yield of approximately 17%. The property, a three-storey mid-terrace period building with a Grade II listed frontage, is situated on St Mary Street, a bustling retail and leisure street lined with local and national operators. The investment includes three upper floor units, each approximately 2100 sq ft, as well as the right to the roof space above, which may have future development potential subject to consent. The units are currently let to UK Beauty Lounge Ltd and Barbering School Wales Ltd, but interested parties should consult the legal pack for verification of tenancies and incomes. With further development potential and a strong rental income, this property presents an attractive opportunity for investors.