Bidding opens Monday 16th March 2026 at Midday and closes Wednesday 18th March 2026 at Midday.Freehold Mixed Use Investment with Development Opportunity Buddsoddiad Defnydd Cymysg Rhydd-ddaliadol gyda Chyfle DatblyguA detached retail parade comprising two mixed use investments, with respective ground floor commercial units together with two three-bedroom maisonettes above, and a separate ground floor double commercial unit and two separate three-bedroom maisonettes above. We are advised that Unit 1-2 is currently let under a tenancy at will with a new 15 year lease being finalised at an annual rent of £11,000 per annum We understand that there will be a rent review in place for 2029 and every fifth year thereafter. There is a lease in place for unit 3 along with 3A at £11,700 per annum which expires on the 28/10/2031. There is a lease in place for unit 4 along with 4A at £11,000 per annum which expires on the 28/9/2032. Therefore, the current annual income is £33,700 per annum. There is no formal arrangement for the occupation of the maisonette at 1A. The three-bedroom maisonette above unit 2 being 2A is currently vacant. There is scope for betterment by formally letting 1A and letting the currently vacant maisonette at 2A which would provide an additional income of circa £12,000 per annum per maisonette. Based on this, a combined gross annual income of £57,700 per annum could be achieved. The parade at Chestnut Road is positioned overlooking green space and a parking area to the front, it has a good level of footfall and is located near a busy traffic light intersection. The area has a good array of shops, amenities and schools along with good transport links to the city centre and is also well positioned for the A48 and on to the M4. Each of the units have access to the rear yards for loading/access together with a balcony access to the maisonettes above. There is a narrow lawned area to the side of the parade which currently has an agreed head of te

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Property Category

Commercial

Rightmove Property Type

Commercial Property - Commercial Property

Agent

Cardiff

Additional Fees

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.