Offers in region of
£169,500
(£431.30/sq. ft)
Retail premises for saleAlbany Road, Cardiff CF24
393 sq. ft
About this property
Location
The property occupies an excellent trading location on Albany Road in the highly populated suburb of Roath, approximately 1 mile north east of Cardiff City Centre. Albany Road/Wellfield Road is the largest district centre in Cardiff in terms of the number of commercial units.
The property is opposite numerous multiple retailers including Card Factory, British Heart Foundation, Home Bargains, Ramsdens, Greggs, Iceland & Tesco Express.
Description
The unit comprises a ground floor lock up retail unit and has the following approximate net internal floor areas:
Ground Floor (retail) NIA: C. 392 sq ft
(Interested parties are advised to clarify these areas via an internal inspection)
The upper floors and rear of ground floor consist of flats which have all been sold off on long leases
EPC
D Rating – valid until 22 May 2027
Tenure
999-years from 04/12/18 at a peppercorn ground rental.
Quoting Rent / Sale Price
Quoting Rental: £14,000 per annum exclusive
New lease terms tba
Alternatively, our client will consider selling the long leasehold interest - potentially with vacant possession, with offers sought in the region of £169,500.
At this purchase price, it is anticipated that there would be no Land Transaction Tax payable and no VAT, making this a highly attractive small lot size investment opportunity.
Ground Floor Rateable Value
£10,000 (April 2023)
ubr: 0.568 (2025/2026)
Rates Payable: £5680 per annum. However, as the rv is less than £12,000, the occupier should be eligible for small business rates relief, and it is our understanding that the rates payable during 2025-2026 would therefore be c. £3,787 (allowing for 33% discount).
Interest parties are encouraged to verify the Rateable Value via Cardiff City Council
Legal Costs
Each party is to be responsible for their own legal and professional costs incurred in this transaction.
Anti-Money Laundering (aml) Regulations
The Purchaser will be required to satisfy the Vendor and their agents regarding the source of the funds used to complete the transaction plus providing identification upon request.
Viewing & Further Information
All viewings strictly via pre-arranged viewing appointment only, as staff may be unaware.
Please contact sole marketing agent: DTR Surveyors
The property occupies an excellent trading location on Albany Road in the highly populated suburb of Roath, approximately 1 mile north east of Cardiff City Centre. Albany Road/Wellfield Road is the largest district centre in Cardiff in terms of the number of commercial units.
The property is opposite numerous multiple retailers including Card Factory, British Heart Foundation, Home Bargains, Ramsdens, Greggs, Iceland & Tesco Express.
Description
The unit comprises a ground floor lock up retail unit and has the following approximate net internal floor areas:
Ground Floor (retail) NIA: C. 392 sq ft
(Interested parties are advised to clarify these areas via an internal inspection)
The upper floors and rear of ground floor consist of flats which have all been sold off on long leases
EPC
D Rating – valid until 22 May 2027
Tenure
999-years from 04/12/18 at a peppercorn ground rental.
Quoting Rent / Sale Price
Quoting Rental: £14,000 per annum exclusive
New lease terms tba
Alternatively, our client will consider selling the long leasehold interest - potentially with vacant possession, with offers sought in the region of £169,500.
At this purchase price, it is anticipated that there would be no Land Transaction Tax payable and no VAT, making this a highly attractive small lot size investment opportunity.
Ground Floor Rateable Value
£10,000 (April 2023)
ubr: 0.568 (2025/2026)
Rates Payable: £5680 per annum. However, as the rv is less than £12,000, the occupier should be eligible for small business rates relief, and it is our understanding that the rates payable during 2025-2026 would therefore be c. £3,787 (allowing for 33% discount).
Interest parties are encouraged to verify the Rateable Value via Cardiff City Council
Legal Costs
Each party is to be responsible for their own legal and professional costs incurred in this transaction.
Anti-Money Laundering (aml) Regulations
The Purchaser will be required to satisfy the Vendor and their agents regarding the source of the funds used to complete the transaction plus providing identification upon request.
Viewing & Further Information
All viewings strictly via pre-arranged viewing appointment only, as staff may be unaware.
Please contact sole marketing agent: DTR Surveyors
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