Property Information
Address:
Unit 5, 109/119 Queen Street, Cardiff, CF10 3BX
, CF10 3BX
Price: Property no longer available.
Size: 1959 sq ft181 sqm
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH585713
Property Ref/Agent: Unit 5, 109/119 Queen Street, Cardiff, CF10 3BX - 100010992
*Please use the agent ref when calling the agent directly.
Property description
LOCATION
The premises occupies a prominent position on the corner of Queen Street and Windsor Place. The Capitol Shopping Centre is nearby with occupiers in the immediate vicinity being Poundland, Timpson, Pret a Manger, Caffe Nero, Boots the Chemist, Sainsburys, Starbucks. Occupiers on Windsor Place include JD Wetherspoon's and a mix of office occupiers, restaurants and residential student developments.
Cardiff Queen Street railway station (the second busiest railway station in Wales) is 5 minutes walk away.
DESCRIPTION
The premises forms part of a larger four storey building over ground and three upper floors containing separate retail and office accommodation.
Access into the unit is direct from Windsor Place. The premises is available in its existing fitted out condition to include carpet, suspended ceilings, air conditioning and separate sales/office areas on the ground floor. The first floor is fitted out providing a mixture of office accommodation staff/kitchen facilities and storage rooms.
TERMS
The existing lease is available by way of an assignment or sub-letting. The current rent is £42,000 pax with the lease expiring on 13 December 2020 and includes a tenant option to break the lease effective on 1 November 2018.
The current annual Service Charge is budgeted at £3,300 pa.
INCENTIVES ARE AVAILABLE FOR ASSIGNMENT OR SUB-LETTING THE EXISTING LEASE, SUBJECT TO COVENANT.
RENT
Quoting rent £42,000 pax
RATEABLE VALUE
The 2017 Rateable Value for the property is:
Rateable value £ 41,750
Rates payable £ 20,833
Interested parties are encouraged to make their own enquiries with the Local Rating Authority.
VAT
VAT is payable to the rent.
ACCOMMODATION
The property provides the following approximate areas and dimensions:-
Gross Frontage 12.29m 40 ft. 6"
Net frontage 11.37m 37ft. 7"
Ground Floor Sales 92.53sq. m. 996 sq. ft.
First floor - Ancillary 89.46 sq. m. 963 sq. ft.
PLANNING
The premises currently has an A2 planning use and the lease permits the premises to be used for any use from within Class A1 or A2.
EPC RATING
E - 114.
LEGAL COSTS
Each party to be responsible for their own legal costs incurred in this transaction.
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