Unit 5, 109/119 Queen Street, Cardiff
Cardiff, CF10 3BX

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Huw Thomas

The Agent

Huw Thomas
Director

02920 346312
Dominic Garner

The Agent

Dominic Garner
Senior Surveyor

02920 346375
Brochure

Download the Brochure

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Specification

  • RETAIL
  • 1,959 sqft (182 sqm)
  • To let
  • £42,000 per Annum

Description

LOCATION

The premises occupies a prominent position on the corner of Queen Street and Windsor Place. The Capitol Shopping Centre is nearby with occupiers in the immediate vicinity being Poundland, Timpson, Pret a Manger, Caffe Nero, Boots the Chemist, Sainsburys, Starbucks. Occupiers on Windsor Place include JD Wetherspoon's and a mix of office occupiers, restaurants and residential student developments.
Cardiff Queen Street railway station (the second busiest railway station in Wales) is 5 minutes walk away.

DESCRIPTION

The premises forms part of a larger four storey building over ground and three upper floors containing separate retail and office accommodation.
Access into the unit is direct from Windsor Place. The premises is available in its existing fitted out condition to include carpet, suspended ceilings, air conditioning and separate sales/office areas on the ground floor. The first floor is fitted out providing a mixture of office accommodation staff/kitchen facilities and storage rooms.

TERMS

The existing lease is available by way of an assignment or sub-letting. The current rent is £42,000 pax with the lease expiring on 13 December 2020 and includes a tenant option to break the lease effective on 1 November 2018.

The current annual Service Charge is budgeted at £3,300 pa.

INCENTIVES ARE AVAILABLE FOR ASSIGNMENT OR SUB-LETTING THE EXISTING LEASE, SUBJECT TO COVENANT.

RENT

Quoting rent £42,000 pax

RATEABLE VALUE

The 2017 Rateable Value for the property is:

Rateable value £ 41,750
Rates payable £ 20,833

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

VAT

VAT is payable to the rent.

ACCOMMODATION

The property provides the following approximate areas and dimensions:-

Gross Frontage 12.29m 40 ft. 6"
Net frontage 11.37m 37ft. 7"
Ground Floor Sales 92.53sq. m. 996 sq. ft.
First floor - Ancillary 89.46 sq. m. 963 sq. ft.

PLANNING

The premises currently has an A2 planning use and the lease permits the premises to be used for any use from within Class A1 or A2.

EPC RATING

E - 114.

LEGAL COSTS

Each party to be responsible for their own legal 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.