The property consists of a ground floor glazed entrance lobby off the main Kingsway high street leading to a spiral staircase providing access to the basement unit. The basement area comprises open plan space with a storage room. Plumbing has been made available for a WC to be installed. Access is also provided from the lane at the rear of the property, via a trap door at street level.
Location
The property is located in a prominent position along Kingsway/A4161 just off the pedestrianised Queen Street, opposite Cardiff Castle. Kingsway connects to North Road which provides accessibility to the A48 and A470, subsequently linking to the M4 Motorway at Junctions 29 and 32, respectively. Cardiff Central train station is located 0.5 miles south and Cardiff Queen Street station is 0.5 miles east of the property
Accommodation
1,808 sq ft (168 sq m)
Terms
Planning We are verbally advised that the accommodation has planning consent for A3 use but any occupier should make their own enquiries to the Planning Department of Cardiff Council www.cardiff.gov.uk Other uses will be considered, subject to obtaining the necessary planning consents. Business Rates The rateable value has been assessed at £20,500. Thus, rates payable will be approx. £11,521 for 2024/25. Interested parties should make their own enquiries to Cardiff Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment.. www .voa.gov.uk
. Energy Performance Certificate The EPC Rating is D (84) and the full certificate can be provided on request.
Terms The unit is available to let on the basis of a new lease on full repairing and insuring terms for a term to be agreed.
Rent Quoting rent £27,500 per annum exclusive of VAT.
Service Charge The ingoing occupier will be responsible for a proportion of the service charge cost in maintaining the common parts of the building and the estate. Legal Costs Each party is to be responsible for their own legal costs.
References/Rental Deposits Financial and accountancy references may be sought from any prospective tenant prior to agreement.
Prospective tenants may be required to provide a rental deposit subject to the landlord’s discretion.
VAT Under the Finance Acts 1989 and 1997, VAT may be levied on the rent/purchase price. We recommend that the prospective tenants/purchasers establish the VAT implications before entering into any agreement.
AML A successful tenant will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.
Specification
• A3 basement unit suitable for a mixture of uses, subject to planning
• Modern glass frontage
• Prominent roadside frontage with high footfall