Unit 18, Capitol Shopping Centre, Cardiff
Cardiff, CF10 2HQ

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Ben Davies

The Agent

Ben Davies
Associate

02920 346311
Brochure

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Specification

  • RETAIL
  • 2,408 sqft (224 sqm)
  • To let
  • £95,000 per Annum

Description

The Capitol Shopping Centre is well positioned within Cardiff City Centre on the pedestrianised Queen Street and adjacent to the second busiest railway station in Wales, Queen Street Railway Station.  A 400 space dedicated car park is also provided.  The Shopping Centre is anchored by a 15,000 sq. ft. Tesco Metro, 20,000 sq ft Easy Gym and a five screen Premiere cinema, providing a popular leisure element to the scheme.  Other occupiers in the Centre include Pret a Manger, Caffe Nero, Phase 8, Boots the Chemist and Poundworld. The Centre benefits from a strong weekly footfall of approximately 115,384 people.

DESCRIPTION

The premises comprises a ground floor sales area with first floor ancillary space.  The premises is accessed directly from both Queen Street and from within the main mall of the Centre.

TERMS
The premises is available to let via a new lease for a term to be agreed on effective full repairing and insuring terms.

Quoting rent £95,000 pax

RATEABLE VALUE

The 2017 Rateable Value for the premises is:-

Rateable value: £59,500
Rates payable: £31,297

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

SERVICE CHARGE

The service charge for 2017 is £32,637 pa.

ACCOMMODATION

The premises provides the following approximate areas and
dimensions:

Ground Floor Sales 233.71 sq.m 2,408 sq ft
First Floor Ancillary 52.68 sq.m 567 sq ft

PLANNING

We understand that the premises benefits from A2 use however other uses to include A1 and A3 uses will be considered subject to the tenant obtaining all necessary planning consents.

VAT

The premises is VAT elected.

EPC RATING

Available upon request.

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