- RETAIL, RETAIL WAREHOUSE
- 33,418 sqft (3,105 sqm)
- To let
- £125,000 per Annum
The property is located on Hadfield Road which is a busy edge city commercial and trade area. The location has a variety of uses and occupiers along Hadfield Road include Batleys Wholesale, Thrifty Car Rental, ACT Skills Academy, Leather Sofa Company, Johnstones Decorating Centre, Topps Tiles, Triumph Motorcycles and Enterprise Rent A Car.
As well as an extensive range of car showrooms, which include manufacturers such as Mazda, Nissan, Mitsubishi and Mini in close proximity, the area also houses a number of other uses including but not limited to Cash & Carry, builders merchants and a Royal Mail delivery office.
The property is situated in a prominent position facing out onto Hadfield road and offers excellent links via the A4232 which is less than 0.5 miles away and runs to junction 33 of the M4. The property is also approximately 2 miles from Cardiff City Centre with Cardiff City Stadium and Capital Retail Park less than 0.5 miles away.
The main building is formed of two elements. The main building offers a steel portal frame with brickwork elevations. This is supplemented by a warehouse extension to the rear that is again built of a steel portal frame and is cladded.
The property currently comprises:
A well presented retail area with two mezzanine floors, one to the front and one to the rear. The property offers a fully glazed frontage with multiple entrances. The main building has an eaves height of 4.26m. There is a small office space contained on the rear mezzanine. There is a warehouse extension with 2 further mezzanine floors. The warehouse is accessed via two electric doors. (Dimensions height 4.70m / weight 3.31m).
The property benefits from approximately 18 customer parking spaces to the front and side of the premises with a loading area for the warehouse.
Main Building Ground Floor 1,363.23 sq m 14,673 sq ft
Front Mezzanine 215.64 sq m 2,321 sq ft
Rear Mezzanine 480.75 sq m 5,166 sq ft
Warehouse Ground Floor 415.45 sq m 4,471 sq ft
First Floor Mezzanine 357.23 sq m 3,845 sq ft
Second Floor Mezzanine 273.40 sq m 2,942 sq ft
Potential for unit to be split to offer units from approximately 7,000 - 12,000 sq ft ground floor GIA.
The permitted use allows the sale of household and nursery furniture, household furnishings, carpets, lighting, electrical goods and ancillary products and area including coffee shop, workshop, office and warehouse within the A1 use class of the Town and Country Planning Act 1990 (other restrictions apply). Alternative uses will be considered on a subject to planning basis.
The property is available to let by the way of a new full repairing and insuring lease for a term to be agreed, to incorporate periodic upward only market rent reviews, at a rent of £125,000 pax.
Alternatively, the long leasehold interest which expires on 24th March 2066 with a current head lease rent of £15,000 pax (subject to one further rent review in 2033) is available for purchase - price on application.
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Each party to bear their own costs in dealing with this transaction.
The property has not been elected for VAT and will therefore not be payable in addition to the rent.
We are advised the current rateable value of the property is £126,000 which is subject to an ongoing appeal.
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.