Cathays Terrace Cardiff

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£18,000

Available via lease assignment and located in a prime position on Cathays Terrace is this corner lock up shop unit with A3 consent. A premium of £20,000 is payable for fixtures and fittings and good will. The rent is £18,000 per Annum and the lease expires in November 2023. The Cathays Cafe is popular with the student community and local residents. A unique opportunity to acquire a start up Cafe business in a popular location of the City.

A3 Consent
Lease Assignment
753Ft²
70M²
£20,000 for goodwill, fixtures and Fittings
Prime Position

Property description
Map
Location

The property is located fronting Cathays Terrace in the Cathays area of the City. The area is popular with student's and local residents a like. Cardiff University and the City Centre are located a short distance away.

Description

The property has approximately 70m² of retail space with kitchen, WC and additional storage areas. The premises has recently been granted A3 consent and the current business, The Cathays Cafe has opened within the last year and is popular with local residents and students alike.

Rateable Value

We have made an informal enquiry with Cardiff County Council and they have informed us that the rateable value of the property is £11,000. We would suggest you verify this figure with the local authority prior to taking any lease.

Viewing

Strictly by appointment. Please call 029 20397152.

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