Retail premises to let

Location
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.

Nearby retail occupiers include Card Factory, Home Bargains, Cake Box, Gloden and Greggs, whilst also a very popular location with established independent restaurants including Purple Poppadom, Calabrisella (with two sites trading here), Kimchi, Fizz n Flour and Fowl & Fury are due to open along here very shortly, amongst others.

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 £425,000, 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 not elected for VAT (subject to confirmation)

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.