No longer on the market
This property is no longer on the market
MapTerraced house
Auction
Terraced house
Key information
Features and description
FOR SALE BY PUBLIC AUCTION: The auction will take place online on 10th June 2025 at 04:42 PM with registration through our website.
Freehold property with upper floor investment in the centre of Cardiff's main retail area with rents totalling £38,000 pa representing an Initial Gross Yield of circa 17%. Further development potential (Subject to consents). Please note the lot on Bakers Row in our auction which is connected with this property and occupies the basement of this property.
Description
Freehold property with upper floor investment in the centre of Cardiff's main retail area with rents totalling £38,000 pa representing an Initial Gross Yield of circa 17%. Further development potential (Subject to consents). Please note the lot on Bakers Row in our auction which is connected with this property and occupies the basement of this property.
Upper floor investment and freehold on 26-27 St Mary Street, Cardiff. The property is a three storey mid-terrace period building with a Grade II listed frontage, situated on the main city centre retail and leisure street of St Mary Street. Local operators include a mix of local and national operators such as Macdonald's, Sainsbury's, Waterstones, Cardiff Market and within yards of the new landmark leisure development in the former Howells department store.
The investment includes the ground floor entrance, and first and second floor investment units, extending to approximately 2100 sq ft each (195sqm) as well as the right over the roof space above which may have future development potential, subject to consent, there is also a small ground rent from the ground floor unit let on a long leasehold to Tesco.
We are informed the first floor unit is let to UK Beauty Lounge Ltd on a 5 year lease from July 2022 for £18,000+vat and the second floor is let to Barbering School Wales Ltd from October 2021 on a 5 year lease for £20,000+vat. However, please consult the legal pack for verification of any and all tenancies and incomes.
We understand that VAT is applicable for this sale but interested parties are invited to examine the legal pack for further details.
Please note that the subsequent lot in this auction is a property to the rear and basement of area of this property.
We will also be adding further internal pictures in the coming days.
Accommodation
GF Communal Entrance
FF Main reception area, treatment rooms, office, kitchen. WC
SF Open plan reception and teaching area, rear office, kitchen, WC
Informed Freehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Further Information
Auctioneers Office, Seel and Co[use Contact Agent Button] or our joint auctioneers Matthew Jones of Fletcher Morgan on[use Contact Agent Button]
Viewing
Viewing by appointment with Seel and Co or our joint auctioneers Matthew Jones of Fletcher Morgan on[use Contact Agent Button]
Freehold property with upper floor investment in the centre of Cardiff's main retail area with rents totalling £38,000 pa representing an Initial Gross Yield of circa 17%. Further development potential (Subject to consents). Please note the lot on Bakers Row in our auction which is connected with this property and occupies the basement of this property.
Description
Freehold property with upper floor investment in the centre of Cardiff's main retail area with rents totalling £38,000 pa representing an Initial Gross Yield of circa 17%. Further development potential (Subject to consents). Please note the lot on Bakers Row in our auction which is connected with this property and occupies the basement of this property.
Upper floor investment and freehold on 26-27 St Mary Street, Cardiff. The property is a three storey mid-terrace period building with a Grade II listed frontage, situated on the main city centre retail and leisure street of St Mary Street. Local operators include a mix of local and national operators such as Macdonald's, Sainsbury's, Waterstones, Cardiff Market and within yards of the new landmark leisure development in the former Howells department store.
The investment includes the ground floor entrance, and first and second floor investment units, extending to approximately 2100 sq ft each (195sqm) as well as the right over the roof space above which may have future development potential, subject to consent, there is also a small ground rent from the ground floor unit let on a long leasehold to Tesco.
We are informed the first floor unit is let to UK Beauty Lounge Ltd on a 5 year lease from July 2022 for £18,000+vat and the second floor is let to Barbering School Wales Ltd from October 2021 on a 5 year lease for £20,000+vat. However, please consult the legal pack for verification of any and all tenancies and incomes.
We understand that VAT is applicable for this sale but interested parties are invited to examine the legal pack for further details.
Please note that the subsequent lot in this auction is a property to the rear and basement of area of this property.
We will also be adding further internal pictures in the coming days.
Accommodation
GF Communal Entrance
FF Main reception area, treatment rooms, office, kitchen. WC
SF Open plan reception and teaching area, rear office, kitchen, WC
Informed Freehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Further Information
Auctioneers Office, Seel and Co[use Contact Agent Button] or our joint auctioneers Matthew Jones of Fletcher Morgan on[use Contact Agent Button]
Viewing
Viewing by appointment with Seel and Co or our joint auctioneers Matthew Jones of Fletcher Morgan on[use Contact Agent Button]
About this agent
Welcome to different Established in 1898, we are one of the largest independent property specialists, estate agents and chartered surveyors in Cardiff and South Wales. Our family run business is built on traditional values delivered with a modern approach and great service. Whether you are a seller or buyer, renting or a landlord, leasehold owner or management company we offer all the advice and services you could need under one roof. We like to think that, for property in Cardiff and across South Wales, it must be Seel & Co.