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34-36 Albany Rd 390 SF Retail Condo Unit Offered at $352,337 in Cardiff CF24 3RQ
Investment Highlights
- Fully let mixed-use investment comprising a ground floor retail unit and first-floor one-bedroom flat.
- Retail premises recently re-let to Infinity Mist on a new six-year lease with stepped rental increases.
- Producing a current combined rental income of £21,900 per annum.
Executive Summary
A fully let mixed-use investment opportunity comprising a ground floor retail unit and a self-contained one-bedroom flat arranged over the first floor. The property forms part of a larger converted mid-terrace building and occupies a prominent position on Albany Road, one of Cardiff’s busiest district shopping locations. The retail accommodation provides an open-plan sales area with ancillary storage and WC facilities, while the residential accommodation comprises a kitchen/living area, shower room and double bedroom. Located within the densely populated Roath suburb approximately one mile north-east of Cardiff city centre, the property benefits from strong footfall and proximity to numerous national and local occupiers including Tesco Express, Greggs, Home Bargains, Card Factory, British Heart Foundation and Iceland.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 8.42% |
| Sale Type | Investment |
| Cap Rate | 8.42% |
| Tenure | Freehold |
Description
Mixed-use fully let investment comprising a ground floor retail unit and self-contained one-bedroom flat above. The retail unit extends to approximately 390 sq ft and is let to Infinity Cwmbran Ltd trading as Infinity Mist on a new six-year lease from November 2025. The first-floor flat extends to approximately 355 sq ft and is let on a residential occupation contract generating £7,500 per annum. The property occupies the front section of a larger converted mid-terrace building in a prominent position on Albany Road within the popular Cardiff suburb of Roath.
Sale Notes
Fully let mixed-use investment producing a combined rental income of £21,900 per annum. The retail unit is let on a stepped-rent lease commencing at £14,400 per annum with increases to £14,700 and £15,000 per annum. The residential flat produces £7,500 per annum. Offers are invited in the region of £260,000, reflecting a gross yield of approximately 8.42%. No VAT is payable on the purchase price.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 34 | 390 SF | Retail | $352,337 ($903.43/SF) | $29,666.77 |
Unit 34
| Unit Size |
| 390 SF |
| Condo Use |
| Retail |
| Price |
| $352,337 ($903.43/SF) |
| NOI |
| $29,666.77 |
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Unit 34
| Unit Size | 390 SF |
| Condo Use | Retail |
| Price | $352,337 ($903.43/SF) |
| NOI | $29,666.77 |
| Sale Type | Investment |
| Cap Rate | 8.42% |
| Tenure | Freehold |
| Description | |
| Mixed-use fully let investment comprising a ground floor retail unit and self-contained one-bedroom flat above. The retail unit extends to approximately 390 sq ft and is let to Infinity Cwmbran Ltd trading as Infinity Mist on a new six-year lease from November 2025. The first-floor flat extends to approximately 355 sq ft and is let on a residential occupation contract generating £7,500 per annum. The property occupies the front section of a larger converted mid-terrace building in a prominent position on Albany Road within the popular Cardiff suburb of Roath.</li></ul> | |
| Sale Notes | |
| Fully let mixed-use investment producing a combined rental income of £21,900 per annum. The retail unit is let on a stepped-rent lease commencing at £14,400 per annum with increases to £14,700 and £15,000 per annum. The residential flat produces £7,500 per annum. Offers are invited in the region of £260,000, reflecting a gross yield of approximately 8.42%. No VAT is payable on the purchase price.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 3,008 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 390 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1896 |
| Building Class | B | Lot Size | 0.08 AC |
| Total Building Size | 3,008 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 390 SF |
| Year Built | 1896 |
| Lot Size | 0.08 AC |
Amenities
- Security System
- Smoke Detector
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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34-36 Albany Rd
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