Sirius House

A High‑Yield, Turnkey Investment in Cardiff Bay

94 Sirius House offers investors a rare opportunity to acquire a highly lettable, fully furnished, two‑bedroom apartment in the sought‑after Celestia development. With long-term rental stability, excellent tenant demand, and fully resolved cladding compliance backed by Barratt/Redrow guarantees and FCSC reassurance, this is a secure and future-proofed addition to any property portfolio.

Investment Performance & Returns

Gross Rental Yield: £1,100 pcm  (£13,200 per annum)
Yield: 9.78% gross (based on £135,000 purchase price)

Net Yield (after service charge & ground rent)

• Rental income: £13,200 p.a.
• Service charge: £3,698 p.a.
• Ground rent: £150 p.a.
• Net income: £9,352 p.a.
• Net Yield: 7.0%

• Reliable tenants up to date with rent
• Cardiff Bay remains one of the most robust rental markets in Wales due to:
  • Professional tenant demand
  • Proximity to government offices
  • Waterfront lifestyle
  • Excellent transport links

This property is ready-made for long-term income growth.

Property Overview

A modern, furnished 2-bedroom, 4th‑floor apartment offering:

Internal Features

• Spacious open‑plan lounge & dining area
• Modern fitted kitchen with integrated appliances
• Master bedroom with en-suite, shower cubicle & fitted wardrobes
• Second well-sized bedroom
• Large main bathroom
• Fully furnished — ideal for immediate rental continuity
• Water rates included

Additional Features

• Undercroft allocated parking space
• Lift access
• Secure, well-maintained development

Cladding & Fire Safety — Fully Resolved

The Celestia development previously had cladding and fire safety concerns. These have now been:

Fully remediated

• Guaranteed by developers Barratt / Redrow
• FCSC-backed, ensuring compliance and protection
• Documentation to be issued post-completion

Administrative completion is anticipated within approximately 2 years, with no further costs to the leaseholder.

This provides future market confidence and a strong resale trajectory.

Location – Cardiff Bay

Celestia is situated in one of Cardiff’s most sought-after waterfront districts:

Walking distance to:

• Welsh Assembly / Senedd
• Mermaid Quay — dining, bars, leisure
• Cardiff Bay station

Easy access to:

• Cardiff City Centre
• A4232 Link Road
• M4 motorway

This makes the property exceptionally desirable to professionals, government employees, and long-term renters.

Summary for Investors

• 9.78% Gross Yield / 7.0% Net Yield
• Fully furnished & tenanted — income from day one
• Long 980-year lease
• Resolved cladding issues with full guarantees
• Undercroft secure parking
• High-demand Cardiff Bay location
• A strong long-term passive income asset

This is a low-maintenance, high-performing investment with future capital growth potential.

LET PURE INVESTOR TAKE THE STRAIN AWAY …

We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.

• Fully managed lettings and property management service
• Comprehensive coverage throughout England and Wales
• One team, one fee across your full portfolio
• Rental income protection available
• Transfer your existing properties quickly and easily

If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team on Tel: 0161 337 3890