Investment of 9 x one bedroom apartments in the heart of Cardiff Bay completed in 2016. Fully occupied rental income of circa £89,700pa representing a Gross Initial Yield of 11.2% with some potential for rental betterment in our opinion.
Modern, high specification build with lift access to all floors. All of the apartments are located on the third floor and each apartment comprises an entrance hallway, utility cupboard, open plan kitchen/dining/living room, double bedroom and shower room. Original build was completed in 2016 by Portabella Developments renowned for high class developments in and around Cardiff.
Current rents total £6325.00pcm (£75,900pa), with a further breakdown below. Apartment 24 has recently become vacant and is being kept vacant at present for viewing purposes but would let for £850pcm-£900pcm as a comparable to other apartments in the portfolio, in our opinion.
With Apartment 24 let at £850pcm the total income would be £89,700pa (£7475pcm) representing an Initial Gross Yield of 11.2% with obvious potential for rental increases on some of the apartments listed below, particularly on a tenant changeover.
For further confirmation of all incomes and tenancies as well as the management information, please consult the legal pack as soon as this is available.
23-25 & 28-33 Dixie, 130 - 132 Bute Street, Cardiff, CF10 5EA
Apartment 23 - 387 sqft current rent £825 p.c.m
Apartment 24 - 366 sqft currently vacant to allow viewings but previously rented for £825 p.c.m
Apartment 25 - 377 sqft current rent £800 p.c.m
Apartment 28 - 387 sqft current rent £800 p.c.m
Apartment 29 - 366 sqft current rent £850 p.c.m
Apartment 30 - 345 sqft current rent £800 p.c.m
Apartment 31 - 377 sqft current rent £825 p.c.m
Apartment 32 - 377 sqft current rent £900 p.c.m
Apartment 33 - 366 sqft current rent £825 p.c.m
Current rents totalling £6625.00 excluding number 24 currently vacant for viewings (£79,500pa).
With Apartment 24 let at £850pcm, (previous rent £825pcm) the total income would be £89,700pa (£7475pcm) representing an Initial Gross Yield of 11.2% at the guide price.
Informed Leasehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel Auctions – www.seelauctions.co.uk
Buyer's Premium - 1.50% with a minimum of £1,500 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel Auctions (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 7 July 2026 online via the Seel Auctions website. Bidding will commence from midday on Monday, 6 July and conclude in order from Lot 1 at 4:00 pm on Tuesday, 7 July 2026
We've partnered with Watts Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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