6-7 St. John Street, Cardiff, South Glamorgan
Cardiff, CF10 1GJ

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Huw Thomas

The Agent

Huw Thomas
Director

02920 346312
Brochure

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Specification

  • RETAIL
  • 2,656 sqft (247 sqm)
  • To let
  • £85,000 per Annum

Description

The property is positioned on the pedestrianised St John Street, close to Queen Street, Cardiff Castle, Church Street, Working Street, Queens Arcade and St Davids Shopping Centre. The Principality Stadium (formally the Millennium Stadium) is 2 minutes walk away. St John Street provides a variety of uses and is suitable for retail or leisure and occupiers in the immediate vicinity include Leeds Building Society, Greggs, The Owain Glyndwr Public House as well as providing one of the main entrances into the High Street Arcade. The Cardiff Indoor Market is located within the immediate vicinity. The Botanist, Pho, Honest Burgers and Mowgli Street Food have all opened on Church Street which is approximately 30 metres away.

DESCRIPTION

The property is a five storey building with the available premises comprising of basement, ground and first floors. Both ground and first floors are available for sales purposes with ancillary accommodation on the basement.

TERMS

Subject to vacant possession, the property is available to let on the basis of an effective (via a service charge) full repairing and insuring lease, for a term to be agreed, subject to upwards only rent reviews at 5 yearly intervals. The landlord will also consider a turnover rent as part of working up new lease terms.

Quoting rent £ 85,000 pax

RATEABLE VALUE

The 2017 Rateable Value for the property is:-
Rateable value: £ 118,000
Rates payable: £ 63,130

Interested parties are encouraged to make their own enquiries with the Local Rating Authority.

ACCOMMODATION

The property provides the following approximate areas and dimensions:

Gross Frontage 9.78 m 31 ft 01 in
Net Frontage 9.22 m 30 ft 03 in
Ground Floor Sales 246.75 sq m 2,656 sq ft
First Floor Sales 224.08 sq m 2,412 sq ft
Basement / Ancillary 64.11 sq m 690 sq ft


PLANNING

A3 planning consent has been granted for the premises, which is also suitable for A1 and A2 uses.

EPC RATING

D - 76-100

VAT

VAT is payable on the rent

LEGAL COSTS

Each party to bear its own costs in dealing with this transaction.

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.

Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group