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COMMERCIAL

Clare Road, Cardiff, CF11

Guide Price
£1,600,000
Chambers Estate Agents, Whitchurch
PROPERTY TYPE
Mixed Use

Key features

  • RECENTLY CONVERTED PART COMMERCIAL / PART RESIDENTIAL DEVELOPMENT IN THE HEART OF THE CITY CENTRE
  • GROUND FLOOR COMMERCIAL UNIT OCCUPIED BY 'ONE-STOP' CONVENIENCE STORE
  • 7 RESIDENTIAL APARTMENTS OCCUPYING THE UPPER FLOORS OF THE DEVELOPMENT
  • GROUND FLOOR UNIT APPROXIMATELY 3,000 SQ FT IN SIZE
  • FURTHER POTENTIAL TO ADD ANOTHER 2 APARTMENTS & INCREASE THE RENTAL INCOME
  • FURTHER INFORMATION TO INCLUDE A BREAKDOWN OF THE RENTS ARE AVAILABLE UPON REQUEST
  • DEVELOPMENT CURRENTLY GENERATING JUST OVER £100,000 PER ANNUM
  • OFFERING A RETURN OF CIRCA 6% ON INVESTMENT

Property description

Tenure: Freehold

Chambers Estate Agents are delighted to bring to the open market this recently converted investment opportunity situated in the heart of Cardiff. 

The property, formerly known as 'The Neville' pub situated between Allerton Street and Claude Road, is an investment property comprising a ground floor retail unit measuring approximately 3,000 square feet in size and currently occupied by 'One-Stop' on a long lease. The upper floors comprise 7 self-contained apartments of varying sizes, all of which are occupied on AST contracts. 

There is further potential to add another 2 self-contained apartments, subject to the relevant permissions. 

The whole unit produces just over £100,000 per annum in rental income and represents a 5.8% return on investment however, there is potential to increase the overall rental income with the ground floor retail unit currently undergoing a rent-upwards review and there is the prospect of adding two further self-contained apartments. 

A full breakdown of the rental income is available upon request. 



Clare Road, Cardiff, CF11

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cardiff Central Station0.4 miles
  • Grangetown Station0.5 miles
  • Ninian Park Station0.6 miles

About the agent

Chambers Estate Agents, Whitchurch

35 Merthyr Road, Whitchurch, Cardiff, CF14 1DB

Chambers Estate Agents is one of North Cardiff's leading independent estate agents providing a highly professional, efficient and personal service in residential sales, lettings and property management.

We have invaluable experience in all aspects of the residential property market and always endeavor to exceed our client's expectations. We take pride in having established a reputation based on trust, personal recommendations and exceptional service. These attributes have firmly establi

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Notes

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Disclaimer - Property reference 21521067. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Chambers Estate Agents, Whitchurch. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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