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.
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.
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.
We'll get back to you as soon as possible to arrange a viewing date for this property.×