128-128A Cowbridge Rd W 1,688 SF 75% Leased Retail Building Cardiff CF5 5BT $203,398 CAD ($120.50 CAD/SF)

Semi-Detached Mixed-Use Investment/Development
Offered for sale is this mixed-use semi-detached investment which also provides a development opportunity to the first-floor accommodation. The ground floor is currently let to a barber shop at £10,000 per annum to include the garden and former garage, which has been converted to an external store and is let on a 10-year term from 18/01/2024 and expires on the 17/01/2034, with a rent review due on the 18/01/2029.
We are advised by the seller that the ground floor was completely re-fitted and re-wired and the commencement of the current occupation. To the first floor is a self-contained office suite which in our opinion has the potential for redevelopment to residential accommodation, subject to all necessary consents. Alternatively, it could be let as its current office use and would command a rental income of circa £5,000 per annum looking at comparable market rents. We also are advised that the first floor was re-wired with new double-glazed windows fitted to the rear (already double-glazed to the front of the premises) in 2025, together with an overhaul of the current central heating system when a new boiler was also installed.
The building is located on a main thoroughfare on the Western side of Cardiff known as the A48, with plenty of foot and passing vehicular traffic. Similar local service occupiers are positioned nearby, and excellent access is provided to the M4 and the City Centre. There is also a bus stop positioned directly opposite the property.