2 Plymouth Road, Penarth, Penarth
Vale Of Glamorgan, Penarth, CF64 3YN

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Ben Davies

The Agent

Ben Davies
Associate Director

02920 346311

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Particulars

Specification

  • RETAIL
  • 824 - 3,678 sqft (77 - 342 sqm)
  • To let
  • £15,500 per annum Passing rent

Location

Penarth is an affluent Seaside Town located approximately 2 miles west of Cardiff City Centre. The property occupies a prominent position on Plymouth Road, close to the junction with Stanwell and Hickman Road and a short walking distance from Penarth Train Station. Occupiers in the nearby vicinity include The Railway Hotel, The Glendale Hotel, Smile Studio Dentist amongst numerous other restaurant and retail operators.

Description

The property comprises a four storey building over ground, first, second and basement floors. Access to the upper floors internally. Access to the sales area is direct from Plymouth Road. Parking for numerous spaces to the rear of the building.

The specification includes;

  • Former bank premises to let
  • Lease expires February 2024
  • Excellent location in affluent seaside town
  • Prominent building and location
  • Parking to the rear

Viewings

To be arranged via Cooke & Arkwright.

Terms

The property is available on the basis of sublease of the existing lease, which expires in February 2024.

Anti Money Laundering Regulations

In accordance with the current Anti-Money Laundering (AML) Regulations, the purchaser/occupier will be required to satisfy the Vendor and their agents regarding the source of the funds used to complete the transaction.

Business Rates

£16,318 per annum

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.

Mansford has expanded its investment portfolio over the last few years. Over this time Andrew West has provided us with a full rating valuation service which has involved giving a view on liabilities prior to acquisitions, as well as conducting negotiations with Valuation Officers on our UK estate. The portfolio includes a wide range of properties from shops, offices and pubs to major leisure schemes. He has been particularly successful in mitigating our liabilities to empty property rate, which has been an issue on acquisition prior to implementing our development and letting strategy. I have no hesitation in recommending Andrew's expertise in rating valuation for all property types. The profile of property within his portfolio and the successes achieved are testament to his position as an extremely accomplished rating practitioner.

Leopold Hall, Partner, Mansford LLP