St Mary Street Cardiff

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£59,500

We are pleased to market this licensed restaurant/café premises occupying a prime position on St Mary Street an located a short distance from Central Square (the new prime office quarter and the new home of the BBC in Wales), Cardiff Central Station, the Principality Stadium and Cardiff's premier retail area at the Hayes and St David's 2.
The property covers over 538m² (5800ft²) with over 300m² (3229ft²) of restaurant seating space. The premises would suit a number of purposes and business uses and benefits from A3 consent and an existing alcohol licence. Viewing is highly recommended.

Prime City Centre Position
Over 538m²
Over 5800ft²
A3 Consent
Existing Alcohol Licence in Place
Over 300m² of Seating Space

Property description
Map
Location

The subject property is located in a prime position on St Mary Street in the heart of Cardiff City Centre. There are a significant number of national and independent retailers and businesses in proximity including Howells Department Stores whilst St David's 2 and the Hayes are accessed via the picturesque Victorian Royal and Morgan Arcades.

The site is strategically placed in the City Centre, being close to Central Square which is the premier office location within the City and the new home to the BBC in Wales. The Principality Stadium and Cardiff Central Station are also situated nearby.

Description

The property has accommodation over three levels, a basement, ground floor and first floor. There is a generous Restaurant/Seating area to the ground floor with centrally positioned kitchen, WC and storage room. The basement has previously been used for floor preparation, storage and staff room and is accessed from the kitchen. The first floor has WCs and an office. There is rear access to the property via Bakers Row.

Terms

The property is available on a new lease to be drawn on institutional terms for a minimum period of 10 years, incorporating 5 yearly upwards only rent reviews.

Rental

£59,500 Per Annum exclusive.

Business Rates

We have made an informal enquiry with the local authority and they have indicated that the Rateable Value of the property for 2017-2018 is £86,500.

Planning

We have made a general enquiry with Cardiff County Council and they have confirmed that the property has the benefit of A3 restaurant consent (reference 94/01288/C).

Licensing

The property benefits from an existing alcohol licence allowing the sale of alcohol for consumption on the premises. We have been informed that the hours are Monday to Friday 10:00 to 24:00, Sunday and Bank Holidays 12:00 to 23:30. Additionally Late night refreshment Monday to Saturday 23:00 PM till 00:30, Sundays and Bank Holidays 23:00 PM to 24:00.

Legal Costs

Each Party is responsible for their own legal costs.

EPC

An EPC has been commissioned and is under preparation.

Viewing

Strictly by Appointment through the letting agents Chris John and Partners - 029 20397152 or our joint agents EJ Hales 029 20347111.

VAT

All figures are exclusive of VAT if applicable.

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