This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Greyfriars House, Greyfriars Road, Cardiff Greyfriars Road Rd

37,058 SF 100% Leased 4-Star Office Building Cardiff CF10 3AL £2,950,000 (£80/SF) 8.02% Net Initial Yield

Investment Highlights

  • Located in Cardiff City Centre
  • Potential to redevelop for residential, hotel, aparthotel or PBSA
  • Income producing office accommodation

Executive Summary

Greyfriars House is situated in the heart of Cardiff City Centre on Greyfriars Road. The surrounding area is a mix of hotel, office and residential uses. Notably the Hilton, Park Plaza, Capital Tower (tallest office building in Wales), New Theatre and Cardiff Castle.
Greyfriars House is a five-storey office building which is accessed via a dedicated reception area off Greyfriars Road. The reception has undergone a substantial refurbishment costing circa £150,000. We have had a pre-app appraisal report prepared to show the potential for the building to be converted to 62 residential units. Based on the report we believe the building has potential for residential, hotel, aparthotel or PBSA conversion. Further information available on application.

Property Facts

Sale Type
Investment
Sale Condition
Development Sale
Property Type
Office
Tenure
Freehold
Building Size
37,058 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1961/2019
Price
£2,950,000
Price Per SF
£80
Net Initial Yield
8.02%
NOI
£236,628
Percent Leased
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
7,412 SF
Building FAR
0.83
Land Acres
1.02 AC

Amenities

  • Atrium
  • Bus Route
  • Commuter Rail
  • Kitchen
  • Reception
  • Central Heating
  • Lift Access
  • Natural Light
  • Shower Facilities
  • Suspended Ceilings
  • Listing ID: 31488602

  • Date on Market: 12/04/2024

  • Last Updated:

  • Address: Greyfriars Road Rd, Cardiff CF10 3AL

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}