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St Mary Street, Cardiff CF10 Terraced house for sale
10 Bakers Row, Cardiff, CF10 1AL
£225,000
10 Bakers Row, Cardiff, CF10 1AL
£225,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 10th June 2025 at 04:39 PM with registration through our website
- Please note lot 26-27 St Mary Street in this auction which is connected with this property
- The property itself occupies the basement mainly, with a small semi-detached entrance building on the ground floor, facing Bakers row in the heart of Cardiff city centre and the approximate breakdown of the space is 351 sqft (33sqm) on the ground floor and 3,657 sqft (340 sqm) to the basement which runs under the property 26-27 St Mary street which we are listing for sale as the previous lot in this auction
Description
This nightclub investment property in Cardiff city centre is being sold by public auction on June 10th, 2025. The property, which spans approximately 4,000 square feet over the ground and basement areas, has a long-established tenant, Metro's, signed on a 10-year lease from 2025 with an annual rental of £34,000 plus VAT. The initial gross yield is over 15%. The property has been occupied by Metro's for decades and is located in the heart of Cardiff, with the basement area running under the adjacent property, 26-27 St Mary Street, which is also being sold in the same auction. The property has a small semi-detached entrance building on the ground floor and a 3,657 square foot basement area. The lease review is upward only and after 5 and 10 years to market value.