Commercial Mortgages Splott and Tremorfa

The Splott and Tremorfa commercial property market

Splott (CF24) sits between the Newport Road A48 corridor and Cardiff Bay, with Splott Road, Habershon Street and Carlisle Street carrying the secondary-retail and terraced housing belt, and Splott Park anchoring the green flank. Tremorfa Industrial Estate runs east towards Rover Way and the former Cardiff Steelworks (Tata Steel legacy) site, which carries the largest change-of-use redevelopment opportunity in inner-east Cardiff. The Wentloog corridor flank links Tremorfa to the Capital Business Park and Cardiff Gate to the north-east. Splott and Tremorfa are the lowest-value tier of inner Cardiff and the deepest light-industrial concentration close to the CBD.

Commercial mortgage flow splits three ways. Light-industrial owner-occupier on Tremorfa Industrial Estate routes through Allica, HTB and YBS Commercial at 70 to 75% LTV and 6.0 to 7.5% pa, with B2 / B8 trading businesses dominating the deep-volume zone under £3M. Change-of-use bridging on Tata Steel legacy parcels and former-industrial stock along Rover Way and Lewis Road routes through LendInvest, Shawbrook and Together at 65 to 70% LTV and 0.75 to 1.10% pm. Secondary-retail semi-commercial on Splott Road and Carlisle Street routes through InterBay Commercial, Together and Aldermore at 75% LTV.

HM Land Registry residential transactions across CF24 2 (Splott and Tremorfa postcodes) reflect value-end family-buyer demand and strong yield-driven investor flow. Used as a market-temperature signal they confirm Splott and Tremorfa continue to absorb supply at value-end prices and strong yields, which underwrites the secondary-retail and convenience-retail income on Splott Road. Land Transaction Tax applies at the commercial rates in Wales on every freehold commercial purchase.

Active commercial property types in Splott and Tremorfa

Lender appetite for Splott light-industrial and change-of-use bridging

Light-industrial owner-occupier strong via Allica, HTB and YBS Commercial at 70 to 75% LTV and 6.0 to 7.5% pa. Change-of-use bridging via LendInvest, Shawbrook and Together at 65 to 70% LTV and 0.75 to 1.10% pm. Secondary-retail semi-commercial via InterBay Commercial, Together and Aldermore. B8 logistics let stock investment via Shawbrook, InterBay Commercial and Cambridge & Counties. Hodge Bank (Cardiff-HQ commercial specialist) covers Welsh-resident mid-market deals. Commercial mortgages are unregulated lending and fall outside the FCA's regulated mortgage perimeter, we do not hold FCA authorisation because the products we arrange are unregulated.