Prime Retail Parade comprising Four Units (to be offered individually)
Retail unit let until 2029 (no breaks)
Forms part of a parade of four retail units to be sold as separate lots (lots 17-20)
Prime position on Cardiff's Queen Street
Forms part of an iconic building also occupied by the flagship Jurys Inn Hotel
Diagonally opposite The Capitol Shopping Centre
Nearby occupiers include Marks & Spencer, Zara, Pret a Manger and Holland & Barrett
Lot 17
Auction 11th July 2019
Rent £75,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
On behalf of a Major PLC
Property Information
Location
Miles
45 miles west of Bristol
42 miles east of Swansea
Roads
A4161, A48, M4 (Junction 32)
Rail
Cardiff Queen Street
Cardiff Central Railway Station
Air
Cardiff Airport
Situation
The property is prominently situated in the heart of Cardiff's prime retail pitch, on the north side of the vibrant pedestrianised Queen Street. The property is located within close proximity of all three of the city's main shopping centres: Capitol Centre, Queens Arcade and St David's Centre. Nearby occupiers include Costa, WH Smith, Zara, Primark, Next, NatWest, Tesco Metro, Lush and The Jurys Inn Hotel.
Tenure
Virtual Freehold. Each lot is to be sold on a 999 year lease from 14/07/1978, less three days, at a peppercorn rent.
Location
Miles
45 miles west of Bristol
42 miles east of Swansea
Roads
A4161, A48, M4 (Junction 32)
Rail
Cardiff Queen Street
Cardiff Central Railway Station
Air
Cardiff Airport
Situation
The property is prominently situated in the heart of Cardiff's prime retail pitch, on the north side of the vibrant pedestrianised Queen Street. The property is located within close proximity of all three of the city's main shopping centres: Capitol Centre, Queens Arcade and St David's Centre. Nearby occupiers include Costa, WH Smith, Zara, Primark, Next, NatWest, Tesco Metro, Lush and The Jurys Inn Hotel.
Tenure
Virtual Freehold. Each lot is to be sold on a 999 year lease from 14/07/1978, less three days, at a peppercorn rent.
Description
The property forms part of an attractive period building and comprises a ground floor retail unit, with basement ancillary accommodation. The Jurys Inn Hotel occupies the upper floors of the building, however this does not form part of the sale.
The adjoining retail units 89, 91, 93 and 95 Queen Street are lots 34-37 in the catalogue.
VAT
VAT is applicable to this lot.
EPC
Available in the legal pack.
Description
The property forms part of an attractive period building and comprises a ground floor retail unit, with basement ancillary accommodation. The Jurys Inn Hotel occupies the upper floors of the building, however this does not form part of the sale.
The adjoining retail units 89, 91, 93 and 95 Queen Street are lots 34-37 in the catalogue.
VAT
VAT is applicable to this lot.
EPC
Available in the legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/ (Breaks)
Unit 105/ 107
Ground Basement
Retail Ancillary
55.83 sq m 16.63 sq m
(601 sq ft) (179 sq ft)
Q STREET PROPERTIES LIMITED t/a Parc Lane Restaurant
15 years from 10/02/2014 until 09/02/2029
£75,000
10/02/2019 – outstanding & 10/02/2024
Total
72.46 sq m
(780 sq ft)
£75,000
Contacts
Seller's Solicitors
Osborne Clarke Solicitors One London Wall London EC2Y 5EB
