Unit 2 , Freemans Parc, Penarth Road, Cardiff
Cardiff, CF11 8EQ

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Rhys Price

The Agent

Rhys Price
Associate

02920 346374
Ben Bolton

The Agent

Ben Bolton
Director

02920 346376

Additional Downloads

EPC Certificate

Specification

  • INDUSTRIAL, RETAIL WAREHOUSE
  • 8,882 sqft (825 sqm)
  • To let
  • £88,820 per Annum

Description

LOCATION
Freemans Parc is a prime trade / retail location on the Western side of Cardiff.  Penarth Road benefits from excellent road connectivity it is one of the main arterial routes into the City Centre, to Cardiff Bay and the M4 (J33) via the A4232.

Freemans Parc is prominently located with roadside frontage and direct access from Penarth Road. Occupiers in close proximity include Screwfix, HSS Hire, Honda, and Ford.

DESCRIPTION
Unit 2 is a prominent retail unit commanding a prime location on Penarth Road, Cardiff.

The unit is of portal frame construction with a glazed entrance and the ability for prominent signage. Access for loading is provided via a rear loading door width 3.27 metres, height 3.4 metres. The unit provides a maximum eaves of 7 metres and minimum eaves height of 2.6 metres.

There is an excellent customer car parking provision at the front of the unit.

AVAILABILITY
Retail Warehouse Unit 8,882 sq ft (825.16 sq m) GIA

Potential to increase provide 21,224 sq ft, if combining the adjoining Unit 3.

TERMS
Unit 2 Freemans Parc is available by way of a new Full Repairing and Insuring Lease for a term of years to be agreed.

RENT
£88,820 per annum (Excl.) VAT payable in addition.

RATES
Rateable Value £38,500 (2017 List)*
Rates Payable £20,597.50 per annum Excl. Multiplier 53.5 pence (2020/21)

Please contact Cardiff County Council for additional information.

SERVICE CHARGE
Please note that an Estate Maintenance Charge is applicable for the upkeep of the common areas of the Estate - £0.40p psf.

BUILDING INSURANCE
Building Insurance Premium details for Unit 2 available on request.

LEGAL COSTS
Each party responsible for their own legal and professional costs.

ENERGY PERFORMANCE CERTIFICATE
C/52. A copy of the EPC can be downloaded from this listing or is available on request.

FURTHER INFORMATION
For further information or to arrange a viewing please contact Rhys Price - 02920 346374

Or Joint Agents, Jenkins Best or Knight Frank

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