- 1,794 sqft (167 sqm)
- For sale
The property comprises a 3 story period office building, with self-contained ground floor office, and a further self- contained office on first and second floors.
There are 10 parking spaces in total, located to the front and rear of the office building.
Each office benefits from; gas central heating, ladies and gents WCs and kitchen facilities.
The 1st and 2nd floor have recently undergone refurbishment, while retaining many traditional features.
Penarth is easily accessible from Junction 33 of the M4 via the A4232 dual carriageway and the A4055. Cardiff International Airport is 11 miles to the West.
Penarth is situated on the Vale of Glamorgan railway line, which provides a direct link to Cardiff Central (shortest journey time of 17 minutes)
Ground Floor: 769 sq. ft.
First Floor : 575 sq.ft. (53.42 sq.m)
Second Floor: 450 sq.ft. (41.81 sq.m)
TOTAL: 1,794 SQ.FT. ( 166.69 SQ.M) NIA
Tenure: The freehold of the property is available to purchase:
No 13 (Ground floor)
Let to: the Welsh Contact Centre
Lease expiry 18th December 2023.
Rent: £13,180 psf
Outside the Act.
No 15 (1st and 2nd floor)
Let to: All Saints DC Limited.
Lease expiry 17th August 2026.
Break: Mutual break 18th August 2023
Rent: £15,000 pa
Outside the Act.
Vacant possession of the whole property is achievable by: 18th December 2023
Total rental income: £28,180 per annum (reflecting a rent of £15.71 psf)
No 13: Rateable value £8,865
No 15: Rateable Value £9,200
Interested parties are advised to contact the Council regarding Business Rates Relief if applicable.
No 13: £300 pa
No 15: £350 pa
VAT: The Landlord is in the process of de-registering the property for VAT, so VAT will not apply on the purchase.
The property has an EPC rating of D/100
Parking: There are 10 parking spaces included with the property.
Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.