Property Information
Address:
106 St Mary Street, Cardiff
, CF10 1DX
Price: Property no longer available.
Size: 2932 sq ft272 sqm
Primary Category: Investment
All Categories:
Investment, Leisure,
Property Ref/Movehut: MH627968
Property Ref/Agent: 2464
*Please use the agent ref when calling the agent directly.
Property description
LEISURE INVESTMENT
Well configured unit in a prime location
Offers invited in excess of £772,000 exclusive of VAT reflecting a Net Initial Yield of 8.00% after Purchasers Costs of 5.31% for the Long Leasehold interest
The property is the ground floor and basement of 106 High Street, which forms part of the attractive Grade II listed Elgin House building. The double height glazing gives the unit a strong prominence to the Street.
INVESTMENT SUMMARY
. Cardiff is a Top 10 UK Retail Centre
. Dominant commercial centre in Wales
. Prime Period Restaurant Investment
. Improving Location
. Grade II listed building
. 999 year leasehold interest
. Let at £65,000 with lease expiry in 2039
. Suitable SIPP opportunity
The property is in an improving location benefiting from busy pedestrian flow on the well established A3 pitch of St Mary Street. Nearby restaurants include the Turtle Bay, Pizza Express, a new KFC outlet, The Potted Pig and the Meeting Place.
The unit is 7 minutes walk to Central Station.
The location is undergoing significant change and improvement with complete redevelopment of Central Square where almost 700,000 sq ft of offices has been completed and the new £100m Interchange development is at an advanced stage.
The Interchange is planned to contain14 stands at ground level with around 5,000 sq ft of retail space, 87,000 sq ft of new grade A office space, 300 private apartments for rent, A new car park with spaces for 250 vehicles.
For further information please see
Cardiff is the leading retailing and commercial centre for South Wales, and the capital city and administrative centre of Wales. The city, home to the popular Cardiff Castle and Principality Stadium, is located 42 miles east of Swansea, 45 miles west of Bristol and 155 miles west of London.
Cardiff benefits from an excellent transport infrastructure via rail on the Great Western Railway, with direct services to Bristol (35 mins), Birmingham (1 hr 57 mins) and London (2 hrs). The M4 provides direct access to London and the South West along with the M50 and M5 providing quick access to the Midlands and North of England. Cardiff International Airport is located 15 miles south west and offers direct flights to over 75 international destinations including Amsterdam, Paris and Zurich.
The city being renowned for hosting some of the world's most prestigious sporting and cultural events such as the UEFA Champions League Final, World and & European Rugby Cup Finals, The Ashes Crickets Tests, numerous large scale rock concerts, world class opera at the purpose built Wales Millennium Centre and World Singer of the Year. Many of these events being held at the National Stadium and St David's Hall - which are both in close proximity to the property.
Well configured unit in prime location
Offers invited in excess of £772,000 exclusive of VAT reflecting a Net Initial Yield of 8.00% after Purchasers Costs of 5.31% for the Long Leasehold interest
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