Penarth is an affluent, historic town situated on the western edge of Cardiff.  As such, it acts as its own destination & business district, but also as a short commute location for Cardiff.  With its coastal location, historic pier, beach and numerous historic buildings – Penarth is also a holiday and retirement  destination.

8 Royal Buildings sits within a parade of prominent, ornate period buildings opposite Penarth Railway Station and the associated car park.  As such it is in a busy position with a range of independent retailers, service providers and leisure outlets.  This creates a vibrant mix that is popular with local residents & commuters alike.  National retailers / A3 operators in the town centre include Tesco, Boots, Sainsburys, Tui, Costa, Coffee #1, Greggs, Co-op, Peacocks, Card Factory and Loungers Group.

The property comprises the ground floor and basement of No. 8 Royal Buildings; previously a bistro bar / restaurant, the unit is now divided in two, with a total income of £23,040 pa.

No. 8 is an attractive bar – branded Gin 64 – which trades from ground floor with a courtyard seating area behind (18 seats plus 6 tables).  The bar has a basement cellar / storage area accessed from the courtyard.

At the rear of the courtyard is a gate onto a communal yard – through which deliveries are made.

No. 8A is a long established barber shop trading from ground floor only.

Tenure – new 999 year lease at a peppercorn.

The freehold can be provided if preferred.

The sale can also include a second floor flat at a price to be agreed.

We have been instructed to seek Offers in the Region of £330,000 (Three Hundred and Thirty Thousand Pounds) subject to contract and exclusive of VAT.

A purchase at this level reflects a Net Initial Yield of 6.76%, based on purchaser’s costs of 3.32 %.