2 Powderham Drive Grangetown Cardiff CF11 8ND

2 Powderham Drive
Grangetown
Cardiff
CF11 8ND

High Yielding Freehold Convenience Store Investment and Development Opportunity

Let to Co-operative Group Limited until September 2027 (not in occupation)
Immediate asset management and possible development opportunity
Detached single storey fomer convenience store
Approx. 216.40 sq m (2,329 sq ft) on prominent corner
Site area of approx. 0.14 ha (0.34 acres)
Well located in busy residential area

Lot
41
Auction
27th March 2025
Rent
£22,402 per Annum Exclusive
Status
Available
Guide*
£100,000
Auction Venue
Live Streamed Auction
Octopus Bridging Loan for Buyers
Not available

Interested?

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High Yielding Freehold Convenience Store Investment and Development Opportunity

Let to Co-operative Group Limited until September 2027 (not in occupation)
Immediate asset management and possible development opportunity
Detached single storey fomer convenience store
Approx. 216.40 sq m (2,329 sq ft) on prominent corner
Site area of approx. 0.14 ha (0.34 acres)
Well located in busy residential area

Lot 41
Auction 27th March 2025
Rent £22,402 per Annum Exclusive
Status Available
Guide* £100,000
Sector
Supermarket/Convenience, Development
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 1 mile south west of Cardiff City Centre
Roads: A4161, A4232
Rail: Cardiff Central Station, Grangetown Station
Air: Cardiff Airport

Situation

The property is prominently situated on the junction of Powderham Drive and Virgil Street, in the Grangetown district of Cardiff, 1 mile from Cardiff City Centre. The property is well located to serve the wider residential area.

Tenure

Freehold.

Location

Miles: 1 mile south west of Cardiff City Centre
Roads: A4161, A4232
Rail: Cardiff Central Station, Grangetown Station
Air: Cardiff Airport

Situation

Tenure

Freehold.

Description

The property comprises a detached single storey former convenience store on a site area of 0.14 ha (0.34 acres).

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a detached single storey former convenience store on a site area of 0.14 ha (0.34 acres).

VAT

VAT is 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 sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.
Ground	Retail	216.40	(2,329)	CO-OPERATIVE GROUP LIMITED (2)	30 years from 28/09/1997 until 27/09/2027	£22,402
Total		216.40	(2,329)			£22,402

(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(2) The Co-operative Group is a British consumer co-operative with a group of retail businesses, including grocery retail and wholesale, legal services, funerals and insurance, and social enterprise (www.co-operative.coop). The property was sublet to a restaurant/take-away, but neither the tenant nor the subtenant are now in occupation.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.