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10 Windsor Rd 3,207 sq ft Retail Property Penarth CF64 1JW £340,000 (£106.02/sq ft) 10.33% Net Initial Yield
Investment Highlights
- Prime retail pitch with national and strong independent occupiers nearby
- Lease expiry June 2031 with rent review in June 2026
- Fully let to Specsavers, a major UK covenant with international operations
Executive Summary
The property comprises an attractive three-storey period retail building located in Penarth’s prime retail pitch and fully let to Specsavers Optical Superstores Limited on a 10-year FRI lease expiring in June 2031. The tenant recently completed a comprehensive refurbishment and did not exercise their June 2025 break option, underlining strong trading performance at this location. The investment is reversionary, with a rent review due in June 2026, and offers a high net initial yield of 10%, making it particularly suitable for private investors or SIPP purchasers seeking secure, income-producing assets in an affluent commuter town close to Cardiff.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,207 sq ft
Costar Property Class
B
Year Built
1897
Price
£340,000
Price per sq ft
£106.02
Yield
10.33%
NOI
£35,114
Tenancy
Single
Number of Floors
3
Plot ratio
1.31
Total Plot Size
0.06 ac
Frontage
18 ft on Windsor Rd
Amenities
- Bus Route
1 1
Nearby Major Retailers
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10 Windsor Rd
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