The freehold of a well‑known Toby Carvery and adjoining Travelodge near the A470 is being offered for sale as a long‑term investment while both businesses continue to operate
The freehold of a prominent hospitality site in north Cardiff has been placed on the market, but patrons should note that the existing businesses remain open and trading. Locals still seeking a traditional carvery can visit the on‑site restaurant as usual: the outlet has established a reputation among regulars for a broad selection of roasted meats, an array of vegetables and sauces, and the kind of communal occasions often associated with weekend lunches and family gatherings.
That continuity of service is a central point for the sale because the property is being marketed as an investment rather than a change of operational control.
Positioned on the corner of T’yn‑Y‑Parc Road and the main approach from the A470 into the city via Northern Avenue/Manor Way, the site benefits from strong visibility and straightforward access, including proximity to the M4.
The plot covers about 1.8 acre and combines hospitality uses that serve both residents and passing trade. The restaurant seats around 200 guests and includes a function room, while the neighbouring hotel offers 52 ensuite bedrooms and provides breakfast through the adjoining restaurant.
The layout also includes three staff accommodation units and approximately 110 car parking spaces, with dedicated parking at the front for the restaurant and additional spaces to the rear for the hotel.
Sale package and financial highlights
The property is being offered to the market by Christie & Co as a single freehold investment, with an asking price of £6.25m. The agents describe the opportunity as a mixed hotel and leisure investment, presenting a long‑term income stream from established occupiers. Financial metrics provided by the selling agent show a headline Net Initial Yield (NIY) of 7.72%, calculated on the basis of assumed purchaser’s costs of 2.3% to reflect a corporate transaction. Prospective buyers are invited to contact the firm for full information and tenancy schedules; the advertised enquiry line for the corporate hotels team is 0333 034 1752.
Current tenancy and operational status
Importantly for guests and local residents, the freehold sale will not disturb day‑to‑day operations: the trading tenants remain in place and the public can continue to visit the Toby Carvery or book rooms at the Travelodge. Marketing literature confirms that both brands are existing occupiers, which means the purchase transfers ownership of the land and buildings but not the immediate management of the restaurant or hotel. This separation reduces disruption for customers and preserves the venue’s role as a community dining and accommodation destination during the marketing period.
Who the sale is aimed at
Christie & Co has lined up its corporate hotels team to manage the campaign, with Craig Millward and Elizabeth Rice spearheading enquiries. The agents expect the asset to attract interest from institutional investors and high‑net‑worth private buyers looking for a strategic leisure and hospitality holding. Because the income stream is secured by strong trade covenants and the site serves both business and leisure markets, advisers point to the appeal of a stable, inflation‑linked revenue profile that can be appealing to long‑term capital allocators.
Potential and future flexibility
Beyond the immediate income, the marketing materials highlight the possibility of alternative future use values, noting the site’s scale, parking capacity and roadside exposure as attributes that support a range of redevelopment or repositioning options, subject to planning. The offering is therefore pitched as both an income vehicle and a property with latent value for purchasers who may consider changes over time. Investors weighing the opportunity will balance the established rental returns against any repositioning potential in the medium to long term.
Next steps for buyers and the local community
Those seeking further details can request the full information pack and tenancy documents from Christie & Co, and the corporate hotels team can be contacted directly for viewings and formal offers. Meanwhile the public can continue to enjoy the restaurant and the hotel; the sale of the freehold does not mean an immediate change of service. Readers interested in similar property updates can sign up to industry newsletters or follow community forums such as local property groups to receive regular listings and renovation stories. For the moment, diners need only turn up for the roast and enjoy the established hospitality on site.
