- 1,313 sqft (122 sqm)
- To let
- £25,000 per Annum
The premises is located approx. four miles West of Cardiff City Centre. Cowbridge Road West is a busy commuter road connecting Cardiff to the M4 and it runs through the greater suburb of Ely which benefits from a large residential catchment of 14,000 people. Lidl is directly opposite and adjacent retailers in the vicinity include City Hospice, Lextan, Vets4Pets, Infinity Nails and Elympia Fitness.
The premises forms part of a small roadside parade opposite a larger retailing offering containing Lidl, Dominos and Home Bargains. The premises available is a ground floor retail unit. There are approx. 23 car parking spaces that benefit the roadside parade.
The premises is available by way of an assignment or a subletting. It is currently occupied via a 10 year internal, repairing and insuring lease subject to a service charge. The lease began 19 May 2017 and has a 5th year rent review and a tenant only break clause on 19 May 2022. The lease is due to expire on 18 May 2027.
The current rent being paid is: £25,000 pax
The 2017 Rateable Value for the ground floor retail unit is:-
Rateable value: £8,500
Rates payable: £4,547.5
Interested parties are encouraged to make their own enquiries with the Local Rating Authority.
The property provides the following approximate areas and
Gross Internal Area 121 sq m 1,313 sq ft
The premises benefits from A1 planning consent. Other uses will be considered subject to the tenant obtaining all necessary planning consents and prior written consent of the landlord.
D - 98
VAT is not payable to the rent.
Each party to bear its own costs incurred in the 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.