Modern high quality retail / leisure unit on the ground floor directly below The Zenith student accommodation (674 rooms). It directly fronts Herbert Street and benefits from a prominent position with glazed frontage. We understand it will be available in shell condition, suitable for a range of retail and leisure uses.
Location
The unit is located within the Capital Quarter landmark development, surrounded by over 1 million sq ft of newly developed offices, student and residential accommodation and within a short walk to the city centre and Cardiff Central Train Station. Zenith student accommodation includes 674 rooms with a further 500 rooms across the road at Lumis, thus creating strong footfall. Nearby commercial occupiers include Geldards, WSP, Eversheds, HMRC and British Gas.
Accommodation
Unit 1 2,057 sq ft (191.10sq m )
Terms
Services We are advised that all main services are connected to the premises. We confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items. Details of service charge to be confirmed
Planning We are verbally advised that the accommodation has planning consent for retail and leisure use but any occupier should make their own enquiries to the Planning Department of Cardiff County Council. Tel 02920 872087 or www.cardiff.gov.uk
Business Rates Interested parties should make their own enquiries to Cardiff County 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 B(33)and the full certificate can be provided on request. Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020
Planning | Rates | EPC | Terms Lease The property is available on a new full repairing lease with terms to be negotiated.
Rent The property is offered to let at £51,500 per annum (approx. £25psf), exclusive of VAT.
Legal Costs Each party is to be responsible for their own legal costs.
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/purchaser will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.
Specification
- Glazed shopfront
- Retail
- Leisure