- 5,758 sqft (535 sqm)
- To let
- £130,000 per Annum
The property is positioned on the pedestrianised St John Street, close to Queen Street, Cardiff Castle, Church Street,
Working Street, Queens Arcade and St David’s Shopping Centre. The Principality Stadium (formerly 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, Caffé Nero, The Owain Glyndwr Public House as well as providing one of the main entrances into the High Street Arcade. Cardiff Indoor Market and House of Fraser are located within the immediate vicinity. 6/10 Church Street is scheduled to be redeveloped during 2017 and is to provide 4 restaurant units.
The property is a five storey building with the available premises comprising the basement, ground and first floors. Both ground and first floors are available for sales purposes with ancillary accommodation in the basement.
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.
Quoting rent £130,000
The 2017 Rateable Value for the property is:
Rateable value £ 118,000
Rates payable £ 58,882
Interested parties are encouraged to make their own enquiries with the Local Rating Authority.
VAT is payable to the rent.
The property provides the following approximate areas and dimensions:-
Gross Frontage 9.78 m (32 ft 1 in)
Net Frontage 9.22 m (30 ft 3 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)
The property currently has an A1 consent - the landlord has applied for consent for change of use to A3.
Each party to bear its own legal 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.