57-59 St Mary Street Cardiff South Glamorgan CF10 1FE

  • 57-59 St Mary Street<br>Cardiff<br>South Glamorgan<br>CF10 1FE

57-59 St Mary Street
Cardiff
South Glamorgan
CF10 1FE

Freehold Retail & Office Investment

  • Shop and basement let to William Hill Organization
  • Self-contained upper part offices let to a 98% government funded charity
  • The offices have potential for various other uses (subject to consents)
  • Prime city centre location close to Cardiff Central Railway and Bus Stations, the Millennium Stadium, Cardiff Castle and the newly developed St David's shopping centre
  • Nearby occupiers include Starbucks, Hard Rock Café, Travelodge, The Marriott and Sleeperz
  • Six Week Completion Period Available
  • Lot
    9
  • Auction
    7th April 2011
  • Rent
    £65,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
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Freehold Retail & Office Investment

  • Shop and basement let to William Hill Organization
  • Self-contained upper part offices let to a 98% government funded charity
  • The offices have potential for various other uses (subject to consents)
  • Prime city centre location close to Cardiff Central Railway and Bus Stations, the Millennium Stadium, Cardiff Castle and the newly developed St David's shopping centre
  • Nearby occupiers include Starbucks, Hard Rock Café, Travelodge, The Marriott and Sleeperz
  • Six Week Completion Period Available
  • Lot 9
  • Auction 7th April 2011
  • Rent £65,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Estimated District Population
270,000
Roads
A4160, A470, A48, M4 (Junction 29)
Rail
Cardiff Central Railway Station
Air
Cardiff Airport
Situation

Prominently fronting St Mary Street, one of Cardiff city centre's prime leisure pitches, being close to the city's famous shopping arcades and the Brewery Quarter with its cafés bars and eateries.
Cardiff Central Railway and Bus Stations lie some 200 metres west of the property with the Millennium Stadium, Cardiff Castle and the newly developed St David's Shopping Centre close by housing retailers such as John Lewis, Debenhams, Marks & Spencer and Apple.
Other nearby occupiers include Starbucks, Hard Rock Café, Nando's, La Tasca, Bella Italia, Chiquitos and various hotels including The Marriott, Travelodge and Sleeperz.

Tenure

Freehold.

Location
Estimated District Population
270,000
Roads
A4160, A470, A48, M4 (Junction 29)
Rail
Cardiff Central Railway Station
Air
Cardiff Airport
Situation

Prominently fronting St Mary Street, one of Cardiff city centre's prime leisure pitches, being close to the city's famous shopping arcades and the Brewery Quarter with its cafés bars and eateries.
Cardiff Central Railway and Bus Stations lie some 200 metres west of the property with the Millennium Stadium, Cardiff Castle and the newly developed St David's Shopping Centre close by housing retailers such as John Lewis, Debenhams, Marks & Spencer and Apple.
Other nearby occupiers include Starbucks, Hard Rock Café, Nando's, La Tasca, Bella Italia, Chiquitos and various hotels including The Marriott, Travelodge and Sleeperz.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary basement accommodation and self contained office accommodation on the first, second and third floors, accessed via a separate front entrance and served by a lift.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with ancillary basement accommodation and self contained office accommodation on the first, second and third floors, accessed via a separate front entrance and served by a lift.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
Basement		 Betting Office/Storage
Ancillary		 172.06 sq m
115.11 sq m		 (1,852 sq ft)
(1,239 sq ft) 		WILLIAM HILL
ORGANIZATION LTD (1)		 10 years from 26/12/2007 £40,000 26/12/2012
First
Second
Third		 Office
Office
Office		 126.68 sq m
126.68 sq m
126.68 sq m		 (958 sq ft) CRIME REDUCTION
INITIATIVES (CRI) (2)
 3 years from 26/03/2010
(3)(4) 		£25,000 (25/03/2013)
Totals  

667.21 sq m
(7,183 sq ft)
     £65,000  

(1) William Hill Organization Ltd is a subsidiary of William Hill plc which delivers a high quality gaming and betting experience to UK and international customers online, through its shops, and on the phone. They are an established and trusted brand and took more than £15 billion in stakes in 2009. (Source: www.williamhill.com 03/03/2011)
(2) Crime Reduction Initiatives (CRI) is a registered charity formed in 2001 and funded by a number of statutory organisations including the Home Office, Ministry of Justice, Department for Communities and Local Government and the Welsh Assembly Government. (Source: www.cri.org.uk 03/03/2011)
(3) Crime Reduction Initiatives (CRI) have an option to determine the lease on 30th April 2012 upon giving 6 months’ notice.
(4) The lease on the offices is subject to a schedule of condition.

Contacts

Associate Auctioneers
DMA Property 26-28 Great Portland Street
London
W1W 8QT
Alan Kleinman 020 7318 6919akleinman@dmaproperty.co.uk
Seller's Solicitors
Berwin Leighton Paisner LLP Adelaide HouseLondon Bridge Road
London
EC4R 9HA
Dipak Vaghela 020 3400 2233dipak.vaghela@blplaw.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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