Restaurant in Cardiff

£1,150,000

Barons Court, Penarth Road, Cardiff, CF64 1ND, Cardiff

Restaurant for sale in Cardiff, Barons Court, Penarth Road, Cardiff, CF64 1ND, 8418 ft²

Barons Court, Penarth Road, Cardiff, CF64 1ND, Cardiff

£1,150,000

8418ft²
Type: Restaurant

Description

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.

 

Location

Barons Court, Penarth Road, Cardiff, CF64 1ND, Cardiff

Data

Object TypeRestaurant
Purchase Price£1,150,000
Living Space8418 ft²
Plot SizeN/A
BathroomsN/A
Construction YearN/A
ConditionNot specified
RoomsN/A

Contact Agent

Listing Agent