Property photos
Offers in region of
£437,500
(£149.47/sq. ft)
Retail premises for sale
Cowbridge Road East, Cardiff CF112,927 sq. ft
Local area information
Property location
Nearby amenities
- Severn Primary School 0.1 miles
- St Mary's R.C. Primary School 0.2 miles
- Ninian Park 0.4 miles
- Cardiff Castle Waterbus Stop 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Location
The property occupies a highly prominent and visible position fronting onto Cowbridge Road East, benefiting from a very high volume of footfall & passing traffic. Cowbridge Road East is a main arterial route leading to the City Centre via the A4161. The unit benefits from being situated close to local transport links and is approximately one mile from the City Centre. The surrounding area comprises a mixture of national and local independent established businesses & residential.
The main public car park in Canton is located just opposite this property, which makes it ideally positioned.
Nearby retail occupiers include Card Factory, Home Bargains, Cake Box, Savers, Boots and Greggs, whilst also a very popular location with established independent restaurants including Purple Poppadom, Calabrisella (with two sites trading here), Kimchi, Fizz n Flour and Fowl & Fury, amongst many others.
Description
The property comprises a traditional 1900’s masonry-built end of terrace building. The property has been extended and adapted to create a retail unit on the ground floor with a self-contained flat above.
The first-floor residential accommodation comprises of a self-contained very large 3-bedroom apartment, which benefits from a private and separate entrance, accessed at the rear of the property via the shared private car parking area. The flat is currently vacant following the previous tenant recently vacating. The flat benefits from double glazing, gas central heating and is mainly carpeted throughout. The flat may require some basic decoration works to be undertaken prior to re-letting or occupation.
The large ground floor retail unit benefits from a return shopfront with frontage onto Cowbridge Road East. The unit, which benefits from A3 planning consent, has been fully refurbished by the new ground floor occupier as part of their extensive fit-out works as they have invested heavily into the site to enable site opening in September 2025. The property benefits from the following approximate floor areas (these areas are subject to on-site verification and are not to be relied upon).
Ground Floor Retail Unit: C.176.50 sq.m / c. 1900 sq.ft
First Floor 3 Bed Flat (including Gf lobby): C. 95.41 sq.m / c. 1027 sq.ft
Combined Floor Areas: (approx.) c.271.92 sq.m / c. 2927 sq.ft
There is a private rear car park at the rear of the property with a gated entrance, with shared parking between the retail unit and flat, providing 3 parking spaces. 1 of these parking spaces is demised to the ground floor commercial occupier.
Proposal / Offers
We are instructed to seek offers in the region of £437,500 subject to contract.
On the basis that the flat is re-let by the new owner at c. £1300 pcm, then a purchase at this level would reflect an attractive Net Reversionary Yield of 8.34%, assuming purchaser’s costs of 4.1%.
The property is not currently registered for Vat.
Any sale of the property will be subject to the existing commercial tenancy on the ground floor unit.
Tenure
The property is held freehold under title number wa 513399
Legal Costs
Each party is to be responsible for their own legal and professional costs incurred in this transaction. We may require an abortive cost undertaking.
Epc
Ground Floor Commercial Unit – C Rating (valid until 21 April 2035)
First Floor Residential Unit – D Rating (valid until 23 August 2034)
Vat
It is believed that the property is not elected for Vat.
Anti-Money Laundering Regulations
We are obliged to verify the identity of proposed purchasers once a sale has been agreed. An aml form will need to be completed by proposed purchasers once Heads of Terms have been agreed along with providing the necessary id upon request.
Tenancy Information
Ground Floor Retail Unit
Tenant: Rasa Vighna Grill Pvt ltd (Trading as Rio’s Piri Piri) *
Lease Term: 10 years from 30th May 2025 subject to a 5th year tenant only break option
Rent: £22,500 per annum exclusive
Deposit/Bond: 3 months rental equivalent to £5,625
Rent Review: 5th year upwards only
Repairing: Fri (Tenant to pay fair share of any s/c and Insurance)
* A personal guarantee by a company director has been provided for the duration of the lease
A copy of the lease is available to be shared with seriously interested parties
First Floor Flat
Large 3 Bedroom Flat – to be sold with Vacant Possession
Estimated rental value upon re-letting – c. £1250-1300 pcm
Viewings highly recommended - must be pre-arranged via sole agent DTR Surveyors.
The property occupies a highly prominent and visible position fronting onto Cowbridge Road East, benefiting from a very high volume of footfall & passing traffic. Cowbridge Road East is a main arterial route leading to the City Centre via the A4161. The unit benefits from being situated close to local transport links and is approximately one mile from the City Centre. The surrounding area comprises a mixture of national and local independent established businesses & residential.
The main public car park in Canton is located just opposite this property, which makes it ideally positioned.
Nearby retail occupiers include Card Factory, Home Bargains, Cake Box, Savers, Boots and Greggs, whilst also a very popular location with established independent restaurants including Purple Poppadom, Calabrisella (with two sites trading here), Kimchi, Fizz n Flour and Fowl & Fury, amongst many others.
Description
The property comprises a traditional 1900’s masonry-built end of terrace building. The property has been extended and adapted to create a retail unit on the ground floor with a self-contained flat above.
The first-floor residential accommodation comprises of a self-contained very large 3-bedroom apartment, which benefits from a private and separate entrance, accessed at the rear of the property via the shared private car parking area. The flat is currently vacant following the previous tenant recently vacating. The flat benefits from double glazing, gas central heating and is mainly carpeted throughout. The flat may require some basic decoration works to be undertaken prior to re-letting or occupation.
The large ground floor retail unit benefits from a return shopfront with frontage onto Cowbridge Road East. The unit, which benefits from A3 planning consent, has been fully refurbished by the new ground floor occupier as part of their extensive fit-out works as they have invested heavily into the site to enable site opening in September 2025. The property benefits from the following approximate floor areas (these areas are subject to on-site verification and are not to be relied upon).
Ground Floor Retail Unit: C.176.50 sq.m / c. 1900 sq.ft
First Floor 3 Bed Flat (including Gf lobby): C. 95.41 sq.m / c. 1027 sq.ft
Combined Floor Areas: (approx.) c.271.92 sq.m / c. 2927 sq.ft
There is a private rear car park at the rear of the property with a gated entrance, with shared parking between the retail unit and flat, providing 3 parking spaces. 1 of these parking spaces is demised to the ground floor commercial occupier.
Proposal / Offers
We are instructed to seek offers in the region of £437,500 subject to contract.
On the basis that the flat is re-let by the new owner at c. £1300 pcm, then a purchase at this level would reflect an attractive Net Reversionary Yield of 8.34%, assuming purchaser’s costs of 4.1%.
The property is not currently registered for Vat.
Any sale of the property will be subject to the existing commercial tenancy on the ground floor unit.
Tenure
The property is held freehold under title number wa 513399
Legal Costs
Each party is to be responsible for their own legal and professional costs incurred in this transaction. We may require an abortive cost undertaking.
Epc
Ground Floor Commercial Unit – C Rating (valid until 21 April 2035)
First Floor Residential Unit – D Rating (valid until 23 August 2034)
Vat
It is believed that the property is not elected for Vat.
Anti-Money Laundering Regulations
We are obliged to verify the identity of proposed purchasers once a sale has been agreed. An aml form will need to be completed by proposed purchasers once Heads of Terms have been agreed along with providing the necessary id upon request.
Tenancy Information
Ground Floor Retail Unit
Tenant: Rasa Vighna Grill Pvt ltd (Trading as Rio’s Piri Piri) *
Lease Term: 10 years from 30th May 2025 subject to a 5th year tenant only break option
Rent: £22,500 per annum exclusive
Deposit/Bond: 3 months rental equivalent to £5,625
Rent Review: 5th year upwards only
Repairing: Fri (Tenant to pay fair share of any s/c and Insurance)
* A personal guarantee by a company director has been provided for the duration of the lease
A copy of the lease is available to be shared with seriously interested parties
First Floor Flat
Large 3 Bedroom Flat – to be sold with Vacant Possession
Estimated rental value upon re-letting – c. £1250-1300 pcm
Viewings highly recommended - must be pre-arranged via sole agent DTR Surveyors.
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
Listed by
DTR Surveyors
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