Summary - Greyfriars House,Greyfriars Road,CARDIFF,CF10 3AL CF10 3AL
1 bed 1 bath Office
Large freehold building with planning appraisal for residential conversion.
Freehold city-centre office building with substantial redevelopment potential
Greyfriars House is a substantial freehold office building in the heart of Cardiff city centre, positioned among hotels, theatres and major office towers. The property benefits from a recently refurbished reception (circa £150,000), basement bicycle parking and showers on every floor, supporting contemporary workplace or residential amenity provision.
A pre-application appraisal has been prepared indicating potential for conversion to about 62 residential units; this suggests scope for residential, aparthotel, PBSA or hotel re-use, subject to formal planning. The building’s large windows and central atrium provide generous natural light and an adaptable floorplate suited to a variety of layouts.
Investors should note material considerations: the pre-application appraisal is not a granted permission and further planning, design and build costs will be required to convert the building. The immediate area is classified as very deprived with very high recorded crime levels, which will influence tenancy profiles, management costs and rental values. Despite these challenges, the city centre location, excellent transport links, fast broadband and abundant local amenities create clear repositioning potential for the right development strategy.
This opportunity suits developers or investors seeking a central, large-scale site with conversion upside. Due diligence on planning, costs, and management strategy is strongly advised before committing.
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