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End of terrace house for sale
Albany Road, Roath, Cardiff, South Glamorgan, CF24
£595,000
Albany Road, Roath, Cardiff, South Glamorgan, CF24
£595,000
Our Summary
- The opportunity combines secure day-one income with scope for rental growth and asset management
- The retail unit sits within a proven high-footfall pitch where occupational demand has remained robust, while the residential elements offer potential to enhance rental tone through specification upgrades
Description
This prime mixed-use freehold property on Albany Road in Cardiff is fully let, producing £48,048 per annum. The ground floor retail unit, which is undergoing a tenant-funded refurbishment, measures approximately 1,800 sq ft and is located in a busy trading location surrounded by national multiples. The property also comprises two self-contained 2-bed flats above, each with an EPC rating of D, which are separately accessed and independently serviced. The investment offers a secure return profile, with gross yields in the region of 7% depending on purchase price, underpinned by secure income streams across both the commercial and residential elements. The property benefits from excellent levels of daily footfall, with national multiples and independent retailers in the vicinity, and is surrounded by ongoing public realm investment and active travel initiatives.