Cardiff Retail for Sale
Property Summary
Part-let Freehold Mixed Use Investment For Sale
Prominent & substantial corner-positioned mixed use freehold property on Cowbridge Road East
First floor includes a large self-contained 3 bed flat which is currently vacant and currently undergoing refurbishment/redecoration works (providing over 1,000 sqft)
Ground floor retail unit let to Rio’s Piri Piri on a new 10 year lease from may 2025
Rio’s Piri Piri have invested heavily into their new fit-out with store opening in September 2025
Located on a main arterial route leading into Cardiff City Centre with excellent transport links
Private car park included
No vat payable on purchase price
High Yielding investment once the flat has been re-let at market rent
Full Details
Investment summary
-Freehold mixed-use investment for sale
-Ground floor restaurant unit with separate large 3 bed flat above
-Substantial corner plot
-Strong potential for future rental growth
-Cowbridge Road East is located less than 1 mile from Cardiff City Centre
-Ground floor unit has been leased to Rio’s Piri Piri, a national fast-food franchise with 37 sites currently trading across the UK
-Rio’s Piri Piri have invested significantly into their fit-out works to provide a modern hot food takeaway / dine in restaurant
-Rio’s Piri Piri have signed a 10-year lease from May 2025
-There is a 3-month rental deposit/bond and a company director’s PG for the duration of the lease term
-Fully refurbished commercial unit
-Large corner plot with private rear gated car park included – shared parking between the commercial unit and the flat above
-The flat is currently vacant and is currently undergoing refurbishment and redecoration works (December 2025), with strong potential to re-let with 3 bed flats in this area achieving c. £1250-1300 pcm
-The flat may also potentially suit HMO or Airbnb
-Once fully let, the building should produce a combined annual rental income of c. £38,000 per annum with potential for more rental growth with the commercial lease 5th year rent review
-The property is currently not elected for VAT
- High Yielding Investment once fully let - with potential to achieve in excess of 9% NIY
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 – please note that the flat is currently undergoing refurbishment/redecoration works during December 2025.
The ground floor 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
Offers are invited in excess of £400,000 - 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 c. 9.15%, assuming purchaser’s costs of 3.83%.
The property is not currently registered for VAT.
Any sale of the property will be subject to the existing tenancies.
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.
Tenancies
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
