Commercial property for sale in Cardiff, Wales

Mixed Use Investment / Re-Development Opportunity ideally located fronting Crwys Road in Cardiff. Location - The property is located in Cathays area of Cardiff, approximately 2 miles north of Cardiff city centre. The property is situated along a parade of shops on the busy Crwys Road (A469). The site benefits from excellent road networks including the A48, which brings major centres within easy commuting distance. Description - Mid to End Terrace mixed use property comprising of ground floor retail along with a first floor residential flat with storage / ancillary accommodation. The ground floor provides a large retail area benefiting from a mixture of floor coverings, lighting and prominent shop frontages with future potential to be sub-divided into self contained units. Furthermore there is a substantial rear single storey warehouse comprising of 2 No roller shutter doors with a minimum eaves of 2.48m and a maximum eaves of 3.76m. The upper floors provide a self contained residential flat together with vacant space that was previously in use as offices, storage and ancillary to the ground floor commercial use. Accommodation - From measurements taken on site, we have calculated the following approximate floor areas. All floor areas are on a Gross Internal Area basis:- Ground Floor Unit:- Total area circa 728.97 sqm (7,846 sqft) inclusive of rear warehouse circa 2,744 sqft. First and Second Floors:- Unmeasured. Services - We have not tested any of the service installations and prospective occupiers are advised to satisfy themselves independently as to the state and condition of such items prior to the transaction completing. The property benefits from mains water, gas, electricity and drainage. Price - £950,000 exclusive of VAT. Tenure - Freehold subject to existing tenancy to Rabart Decorating Merchants Ltd. Tenancy Information - Let to Rabart Decorators Merchants Ltd on a 15 year lease commencing on 30th January 2012 and expiring on 29th January 2027 at an annual rent of £59,000 exclusive. Business Rates - We have made online enquiries of the Valuation Office which confirms the following Rateable Value: Ground Floor Unit: £73,500 We advise all interested parties should make their own enquiries with the Valuation Office Agency and Local Authority in this regard. Planning Use - We understand that the current uses are longstanding and in compliances with the planning policy. Planning Permission - Property benefits from planning consent for the conversion of the first and second floor into 7 flats, dated 26th November 2019. Ref: 19/01015/MNR. For further information, please visit the Cardiff council planning portal. Council Tax - Council Tax band for first floor flat: D. Vat - All figures quoted are exclusive of VAT. Any interested party should satisfy themselves as to the incidence of VAT in respect of any transaction. Epc Rating - EPC Rating: Ground Floor Unit: TBC First Floor Residential Flat: TBC Anti Money Laundering - As part of our obligations under the UK Money Laundering Regulations 2017, Harris & Birt will require any purchaser or tenant to provide proof of identity along with any other supporting documents requested. Arrange A Viewing - Strictly by appointment only with the sole agents Harris & Birt. Please contact our office or email to arrange a viewing appointment. Contact: Daniel Jones BSc (Hons) MRICS or Kelly Lakin BSc (Hons) in the Land & Commercial team. / . Brochure created 01.10.2024 - Ref: PP

Commercial property for sale in Cardiff, Wales

Commercial property for sale

Description

Need Broker Assistance?