Offers in region of
£160,000
(£242.06/sq. ft)
Retail premises for saleCountisbury Avenue, Cardiff CF3
661 sq. ft
Sold STC
About this property
Location
The property is located on Countisbury Avenue, Llanrumney, a busy suburban retail parade location approximately 3 miles east of Cardiff City Centre. Llanrumney has an immediate population of circa 11,600 according to the 2021 Census Data.
Countisbury Avenue provides free customer car parking provision and the retail parade is located close to the local library and community hub. National retailers within the immediate vicinity include Greggs, Boots, Iceland, Tesco Express, Heron Foods and Well Pharmacy, who are immediately adjacent.
Description
The retail unit is located on the ground floor only and provides the following approximate measurements:-
Net Retail Area: C. 48.50 sqm / 522 sqft
Rear Storage: C. 7.80 sqm / 84 sqft
WC: C. 5.12 sqm / 55 sqft
External Storage: Unmeasured
There is a private rear car park at the rear of the property with a gated entrance, with shared parking between the retail units and flats.
Planning
It is believed the retail unit benefits from A1 use – other retail uses will be considered subject to planning and covenant.
Quoting Rent / Sale Price
Asking Rent: £13,750 per annum exclusive - New lease terms tba
Sale Price: £160,000 - with the benefit of a new 999-year lease at peppercorn ground rent. At this purchase price, there would be no Land Transaction Tax payable and no VAT.
Legal Costs
Each party is to be responsible for their own legal and professional costs incurred in this transaction.
Epc
E Rating – valid until 10 November 2032
Vat
It is believed that the property is not elected for VAT (subject to confirmation)
Ground Floor Rateable Value
£12,250 (April 2024)
ubr: 0.562 (2024/2025)
Rates Payable (2024-2025**): £6,884.50
**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 is located on Countisbury Avenue, Llanrumney, a busy suburban retail parade location approximately 3 miles east of Cardiff City Centre. Llanrumney has an immediate population of circa 11,600 according to the 2021 Census Data.
Countisbury Avenue provides free customer car parking provision and the retail parade is located close to the local library and community hub. National retailers within the immediate vicinity include Greggs, Boots, Iceland, Tesco Express, Heron Foods and Well Pharmacy, who are immediately adjacent.
Description
The retail unit is located on the ground floor only and provides the following approximate measurements:-
Net Retail Area: C. 48.50 sqm / 522 sqft
Rear Storage: C. 7.80 sqm / 84 sqft
WC: C. 5.12 sqm / 55 sqft
External Storage: Unmeasured
There is a private rear car park at the rear of the property with a gated entrance, with shared parking between the retail units and flats.
Planning
It is believed the retail unit benefits from A1 use – other retail uses will be considered subject to planning and covenant.
Quoting Rent / Sale Price
Asking Rent: £13,750 per annum exclusive - New lease terms tba
Sale Price: £160,000 - with the benefit of a new 999-year lease at peppercorn ground rent. At this purchase price, there would be no Land Transaction Tax payable and no VAT.
Legal Costs
Each party is to be responsible for their own legal and professional costs incurred in this transaction.
Epc
E Rating – valid until 10 November 2032
Vat
It is believed that the property is not elected for VAT (subject to confirmation)
Ground Floor Rateable Value
£12,250 (April 2024)
ubr: 0.562 (2024/2025)
Rates Payable (2024-2025**): £6,884.50
**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.
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