Freehold Retail Investment
Freehold Retail Investment
Cardiff is the capital city of Wales, which has recently had extensive investment in the Cardiff Bay area and the new St Davids shopping centre housing such retailers as John Lewis, major new Debenhams, Marks & Spencer and Apple Store. The property is situated in a residential neighbourhood approximately 1 mile east of Cardiff city centre.
Freehold.
Cardiff is the capital city of Wales, which has recently had extensive investment in the Cardiff Bay area and the new St Davids shopping centre housing such retailers as John Lewis, major new Debenhams, Marks & Spencer and Apple Store. The property is situated in a residential neighbourhood approximately 1 mile east of Cardiff city centre.
Freehold.
The property comprises retail and ancillary accommodation on the ground floor. The first floor is not currently used and has no internal access.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises retail and ancillary accommodation on the ground floor. The first floor is not currently used and has no internal access.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Ground First |
Retail Ancillary Not Used |
70.56 sq m 11.25 sq m Not Measured |
(780 sq ft) (121 sq ft) Not Measured |
CORAL RACING LIMITED (1) |
16 years from 03/02/2011 until 02/02/2027 on a full repairing and insuring lease |
£11,000 |
2016 and 2021 (2) |
| Totals | 81.81 sq m |
(901 sq ft) |
£11,000 | ||||
1) Coral Racing Limited operate from 1,600 branches. Website address: www.coral.co.uk
(2) The lease provides for the rent to be reviewed to the greater of open market rental value or increased by 2.5% p.a. compounded. Therefore the rent will increase to a minimum of £12,445 p.a.x. in 2016.
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