Property photos
Offers in region of
£425,000
(£151.79/sq. ft)
Retail premises for sale
Cowbridge Road East, Canton, Cardiff CF112,800 sq. ft
Local area information
Property location
Nearby amenities
- Severn Primary School 0.1 miles
- St Mary's R.C. Primary School 0.2 miles
- Ninian Park 0.4 miles
- Cardiff Castle Waterbus Stop 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
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 property has been extended and adapted to create a retail unit on the ground floor with a large self-contained flat above.
The first-floor residential accommodation comprises of a self-contained 3-bedroom apartment, which benefits from separate access at the rear of the property via the shared private car parking area.
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
It is worth noting that the flat has been refurbished over recent years by the current owner & the owner has also replaced the roof during their ownership. 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.
The first floor was granted planning permission in 2014 to be converted into self-contained residential accommodation.
Tenancies
Ground Floor Currently vacant
First Floor 3 bed flat Currently let under a standard tenancy agreement at £1070 pcm / £12,840 per annum.
Quoting Rent / Freehold Price
Ground floor retail unit - £25,000 pax
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
Ground Floor Commercial Unit – New EPC has been commissioned
First Floor Residential Unit – D Rating (valid until 23 August 2034)
VAT
It is believed that the property is not elected for VAT
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.
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 property has been extended and adapted to create a retail unit on the ground floor with a large self-contained flat above.
The first-floor residential accommodation comprises of a self-contained 3-bedroom apartment, which benefits from separate access at the rear of the property via the shared private car parking area.
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
It is worth noting that the flat has been refurbished over recent years by the current owner & the owner has also replaced the roof during their ownership. 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.
The first floor was granted planning permission in 2014 to be converted into self-contained residential accommodation.
Tenancies
Ground Floor Currently vacant
First Floor 3 bed flat Currently let under a standard tenancy agreement at £1070 pcm / £12,840 per annum.
Quoting Rent / Freehold Price
Ground floor retail unit - £25,000 pax
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
Ground Floor Commercial Unit – New EPC has been commissioned
First Floor Residential Unit – D Rating (valid until 23 August 2034)
VAT
It is believed that the property is not elected for VAT
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.
More information
Listed by
DTR Surveyors
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