Cardiff is Wales’s capital city and is the leading retail and commercial centre in South Wales.  The city is situated on the south coast of Wales, lying 42 miles (68 km) east of Swansea and 43 miles (69 km) west of Bristol and has a retail catchment population of 1.6 million people and a shopping population of 791,000 people, ranking the city 10^th of all Promis centres.

24 Merthyr Road is situated within the prime retail pitch of Whitchurch Village – between Iceland, Peter Alan and Coffee #1.  Whitchurch Village is an affluent, historic suburb of Cardiff – situated 1 mile north-west of the city centre.  Merthyr Road is a busy suburban retail street where other occupiers include Co-op, Iceland, Boots, Greggs, Principality Building Society and Dominos – as well as a range of independent retailers and food / leisure outlets.  This creates a vibrant mix that is popular with local residents.

The property comprises an attractive 2 storey period building plus attic area – all let to Coral Racing.  With retail on the ground floor and a vacant 2 storey residential unit at first and attic levels. The property benefits from a car park at the rear with 6 car spaces.

The entire property is let to Coral Racing Limited on a new 5 year FRI lease from 14^th April 2026.  With a tenant break end of year 3 at a rent of £32,250 per annum. The tenant has recently renewed the lease – illustrating that the unit is a strong trader for Coral.

We have been instructed to seek Offers in the Region of £458,000, subject to contract and exclusive of VAT.   A purchase at this level reflects a Net Initial Yield of 6.75%, based on purchaser’s costs of 4.29%.