Albany Road, Roath, Cardiff, South Glamorgan, CF24

Prime mixed-use freehold on busy Albany Road, Cardiff. Comprising a ground floor retail unit (c.1,800 sq ft) undergoing tenant-funded refurbishment plus two self-contained 2-bed flats (874 sq ft & 845 sq ft, both EPC D). Fully let producing £48,048 pa. Surrounded by national multiples with strong footfall. Sole agents: Chambers Estate Agents.


The property occupies a prominent position on Albany Road in the heart of Roath, one of Cardiff’s most established district centres, benefitting from excellent levels of daily footfall.

The location sits immediately adjacent to Wellfield Road, a thriving retail and leisure destination supported by a dense residential catchment and Cardiff University population. National multiples including Sainsbury’s Local, Boots, Superdrug, Greggs, Tesco Express and Caffè Nero are all located in the vicinity, complementing a strong mix of independent retailers and reinforcing the street’s reputation as a vibrant trading location.

The building comprises a traditional mid-terrace mixed-use arrangement with a ground floor retail unit of just under 1,800 sq ft together with two self-contained two-bedroom apartments above. The first floor flat extends to approximately 874 sq ft and the second floor flat to approximately 845 sq ft. Both apartments are separately accessed and independently serviced, with EPC ratings of D.

The ground floor retail unit is due to undergo a full refurbishment within the next six months at the cost of the tenant, ensuring that the commercial accommodation is presented to a high standard and underlining the tenant’s long-term commitment to the location.

The investment is fully income producing. The ground floor retail unit pays £26,448 per annum, the first floor apartment produces £11,400 per annum, and the second floor apartment provides £10,200 per annum. The total passing rent therefore stands at £48,048 per annum. At this level, the property offers an attractive return profile, with gross yields in the region of 7% depending on purchase price, underpinned by secure income streams across both the commercial and residential elements.

The opportunity combines secure day-one income with scope for rental growth and asset management. The retail unit sits within a proven high-footfall pitch where occupational demand has remained robust, while the residential elements offer potential to enhance rental tone through specification upgrades. Ongoing public realm investment and active travel initiatives around Albany Road and Wellfield Road further strengthen the long-term fundamentals of this popular location.

**Summary**

* Ground floor retail unit: just under 1,800 sq ft — £26,448 pa (undergoing full tenant-funded refurbishment within 6 months)
* First floor flat: 874 sq ft (EPC D) — £11,400 pa
* Second floor flat: 845 sq ft (EPC D) — £10,200 pa
* **Total passing rent: £48,048 pa**

All enquiries and viewings via sole selling agents, Chambers Estate Agents.