
Barons Court, Penarth Road, Cardiff, CF64 1ND, Cardiff
Barons Court, Penarth Road, Cardiff, CF64 1ND, Cardiff
£1,150,000
Barons Court is an elegant period property of significant character, arranged over multiple floors and set within generous grounds. The main building is currently configured as a high-quality restaurant, featuring:
Internal dining areas with period detailing
A prominent frontage onto Penarth Road
Outdoor champagne bar and seating terrace
Landscaped areas suitable for events and weddings
The wider site includes:
A detached coach house converted into two x 1 bedroom flats
A self-contained 3 x bedroom residential unit
A sizeable surfaced car park with independent access
Current Income Breakdown:
Restaurant (main building): £5,416.66 pcm
Apartment 1 (1-bed): £745 pcm
Apartment 2 (1-bed): £795 pcm
Car park rental: £950 pcm
Total Monthly Income: £7,073
Total Annual Income: £94,880 (as provided)
Asking Price: £1,250,000
Net Initial Yield (NIY): 7.59%
This reflects a strong return for a mixed-use asset with development upside.
The site benefits from a substantial rear and side car park, previously subject to a planning application for a 24-bed apartment hotel, which was refused.
However, there is clear indication that:
A reduced-scale scheme more sympathetic to the listed building
A heritage-led residential or boutique hospitality concept
Or ancillary development aligned with the main building
...may receive favourable consideration, subject to planning.
This positions the asset as a "hold and enhance" opportunity, combining immediate income with medium-term capital growth through planning gain.
Barons Court, Penarth Road, Cardiff, CF64 1ND, Cardiff