Restaurant/cafe to let
Cowbridge Road East, Cardiff CF11
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
The property occupies a highly prominent and visible position fronting onto Cowbridge Road East, benefiting from a very high volume of footfall & passing traffic. Cowbridge Road East is a main arterial route leading to the City Centre via the A4161. The unit benefits from being situated close to local transport links and is approximately one mile from the City Centre. The surrounding area comprises a mixture of national and local independent established businesses & residential. The main public car park in Canton is located just opposite this property, which makes it ideally positioned.
Description
The property comprises a traditional 1900’s masonry-built end of terrace building.
The ground floor unit benefits from a return shopfront with frontage onto Cowbridge Road East and could potentially be used as either retail, restaurant/cafe or takeaway use due to benefitting from existing A3 use. The property benefits from the following approximate net internal areas (these areas are subject to on-site verification and are not to be relied upon).
Ground Floor NIA: C. 167.22 sq.m / c. 1800 sq.ft
There is a private rear car park at the rear of the property with a gated entrance, with shared parking between the retail unit and flat.
Planning
It is believed the retail unit benefits from A3 use – other retail uses will be considered subject to planning and covenant.
Quoting Rent / Lease Terms
Ground floor retail unit - £25,000 pax
New lease terms tba
Alternatively, our client will consider selling the freehold interest with offers invited in the region of £450,000, with any sale subject to the existing residential tenancy on the first floor.
Legal Costs
Each party is to be responsible for their own legal and professional costs incurred in this transaction.
Epc
New EPC has been commissioned
Vat
It is believed that the property is elected for VAT and therefore VAT will be applicable on the rent
Ground Floor Rateable Value
£21,500 (April 2024)
ubr: 0.562 (2024/2025)
Rates Payable (2024-2025**): £12,083
**The Welsh Government will provide grant funding to provide the Retail, Leisure and Hospitality Rates Relief scheme to eligible businesses for 2024-25. Businesses will be eligible for 40% off their liability for the financial year. The amount of relief under the Welsh Government’s Retail, Leisure and Hospitality Rates Relief scheme will be capped at £110,000 per business across Wales. Please discuss with the Local Authority to check whether you are eligible for any rates relief.
Property info
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
For more information about this property, please contact
DTR Surveyors, CF61 on +44 29 2227 9926 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by DTR Surveyors, and do not constitute property particulars. Please contact DTR Surveyors for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.