Office for sale in First & Second Floors, Bradenham Place, Penarth CF64
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Freehold Purchase Opportunity
- Total rental income: £28,180 pa
- Vacant Possession Achievable: 18th December 2023
- Suitable for an Owner Occupier, Investor and Developer (subject to planning)
- Generous front and rear parking provision (10 spaces)
- Large Town Centre site
Property description
The property comprises a 3 story period office building, with self-contained ground floor office, and a further self- contained office on first and second floors.
There are 10 parking spaces in total, located to the front and rear of the office building.
Each office benefits from; gas central heating, ladies and gents WCs and kitchen facilities.
The 1st and 2nd floor have recently undergone refurbishment, while retaining many traditional features.
Penarth is easily accessible from Junction 33 of the M4 via the A4232 dual carriageway and the A4055. Cardiff International Airport is 11 miles to the West.
Penarth is situated on the Vale of Glamorgan railway line, which provides a direct link to Cardiff Central (shortest journey time of 17 minutes)
Availability
Ground Floor: 769 sq. Ft.
First Floor : 575 sq.ft. (53.42 sq.m)
Second Floor: 450 sq.ft. (41.81 sq.m)
total: 1,794 sq.ft. ( 166.69 sq.M) nia
Tenure: The freehold of the property is available to purchase:
Tenancy Information:
No 13 (Ground floor)
769 sq.ft
Let to: The Welsh Contact Centre
Lease expiry 18th December 2023.
Rent: £13,180 psf
Iri
Outside the Act.
No 15 (1st and 2nd floor)
1,025 sq.ft
Let to: All Saints DC Limited.
Lease expiry 17th August 2026.
Break: Mutual break 18th August 2023
Rent: £15,000 pa
Iri
Outside the Act.
Vacant possession of the whole property is achievable by: 18th December 2023
Total rental income: £28,180 per annum (reflecting a rent of £15.71 psf)
Price: £650,000.
Business rates:
No 13: Rateable value £8,865
No 15: Rateable Value £9,200
Interested parties are advised to contact the Council regarding Business Rates Relief if applicable.
Service Charge:
No 13: £300 pa
No 15: £350 pa
VAT: The Landlord is in the process of de-registering the property for VAT, so VAT will not apply on the purchase.
The property has an EPC rating of D/100
Parking: There are 10 parking spaces included with the property.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Cooke and Arkwright, CF10 on +44 29 2227 9254 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Cooke and Arkwright, and do not constitute property particulars. Please contact Cooke and Arkwright for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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