Ground Floor Restaraunt, 10 Mill Lane, Cardiff
Cardiff, CF10 1FL

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Ian Newbury

The Agent

Ian Newbury
Surveyor

02920 346316
Huw Thomas

The Agent

Huw Thomas
Director

02920 346312
Brochure

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Specification

  • RETAIL, LICENCED AND LEISURE
  • 2,030 sqft (189 sqm)
  • To let
  • £49,500 per Annum

Description

The restaurant is located on Mill Lane which is one of the premier leisure locations in Cardiff City Centre. In close proximity to the Hayes and the St Davids 2 Shopping centre it offers a mix of restaurants and bars geared towards Cardiff's Night life.

Notable occupiers in the immediate vicinity include Las iguanas, Bills, Ask Italian, Côte Brasserie, Wagamama, Gourmet Burger Kitchen and Carluccio's.

DESCRIPTION

The restaurant forms part of a larger property. Access is provided via a
communal entrance which is set back from Mill lane.

The restaurant offers ground floor and first floor areas with ancillary
storage to the first and second floors.

The restaurant is currently fully fitted with fixtures and fittings available
subject to negotiation.

An area for external seating is available on Mill Lane subject to structuring
a separate agreement with the Local Authority.

TERMS

The restaurant is available by way of an assignment of the existing lease due to expire 25th September 2021 at a rent of £49,500 pax . Offers of premium are invited for the lease along with fixtures and fittings.

Alternatively a new lease is available, subject to terms.

RATEABLE VALUE

The 2017 Rateable Value for the property is:

Rateable value £52,500

Rates payable £26,198

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

VAT

Vat will be payable on the rent

ACCOMMODATION

The Property offers the following areas (GIA):

Ground Floor 188 sq m 2,030 sq ft
First Floor 85 sq m 914 sq ft
Second Floor 85 sq m 914 sq ft

PLANNING

Our enquiries with the planning authority indicate that the property has A3 Restaurant use. Interested parties are encouraged to make their own enquiries with the Local authority.

EPC RATING

D-75

LEGAL COSTS

Each party to bear their own costs incurred in 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.