Retail property (out of town)

LOCATION
The property is situated within the heart of Cardiff Bay with prominent street frontage to James Street (A4119), within close proximity to Cardiff Bay Train Station, Mount Stuart Square, The Atlantic Wharf Red Dragon Cinema/Restaurants/Leisure complex, Welsh Assembly Buildings, Wales Millennium Centre plus Mermaid Quay Waterfront with its numerous bars and restaurants.

Cardiff City Centre is approximately 1 mile to the north. There is swift access to the M4 via the A4232 Link Road.

DESCRIPTION
20 James Street is a two storey terraced commercial property currently fitted out as an A3 café unit to the ground floor with additional open plan seating/office area plus separate office to the first floor.

The property benefits from floor to ceiling UPVC glazed shop front inset spot and drop lighting, air conditioning units, exposed brickwork internally, wood flooring, commercial kitchen, stores and W.C. facility.

The property may be suitable for a variety of uses(subject to the necessary consents)

ACCOMMODATION
The accommodation briefly comprises:

Sq M(Sq Ft)

Ground Floor

Cafe/Retail Area 38.38 (413)
plus WC Facility, Kitchen and Stores unmeasured

First Floor
Open plan Office/Seating Area 33.09 (356)
Office 13.15 (141)

Total 84.62 (910)

TERMS
Freehold with vacant possession (The current tenant has expressed their wish to stay in occupation should this be of interest to any potential purchaser).

OUTGOINGS
Our inspection of the rating list shows the following assessment for the subject property:-

Rateable Value £ 9,500.00
Rates Payable (2024/2025) £ 5,339.00

The current Rateable Value of the property for the period 2024/25 is based on UBR multiplier of £0.562, however, we strongly advise all interested parties they must rely on their own enquiries of the Local Authority on[use Contact Agent Button]/2 to confirm the above figures and in some instances some relief may be applied.

VAT
All figures are quoted exclusive of V.A.T. where applicable.

LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.