£470,000
(£594.94/sq. ft)
Retail premises for sale25 Wellfield Road, Roath, Cardiff CF24
790 sq. ft
Freehold
About this property
Total Income £30,400
Price £470,000
Estimated Rates Payable: £9161.5
Description
The property occupies a prime position on Wellfield Rd and comprises a fully fitted A3 restaurant/take away premises with a large, refurbished 1st floor 2 bed self-contained flat. There is separate rear access to both the ground floor restaurant and 1st floor flat, together with one car parking space.
First floor flat comprising 2 bedrooms, bathroom and a large living/modern kitchen area.
Rear area and car parking.
The property benefits from A3 planning consent.
Location
Wellfield Road is one Cardiff’s premier suburban retail and leisure destinations. Situated within the affluent and highly desirable district of Roath, Wellfield Road is widely recognised as one of the city’s most established café, restaurant and lifestyle locations that benefits from good levels of footfall throughout the day and evening.
Occupiers in the immediate vicinity include Coffi Lab, Coffee 1, Juno Lounge, La Dolce Vita, Tesco Express, Greggs, Ahead of the Game Nutrition, Parsons Bakery & William Hill Bookmakers. There are also a wide variety of independent food, beverage and retail operators situated along Wellfield Road.
Tenure
Freehold - Title number WA448860
Lease
The ground floor is let to Subway Realty Ltd (Company No. 04174473) by virtue of 10 year lease from 16/3/2019. There was a tenant break at 16/3/24 which was not exercised. The passing rent is £19,000 pa.
The 1st floor flat is let by virtue of Wales Fixed Term Standard Contract dated 20/2/24 at a rent of £950 pcm, £11,400 pa.
Price
We are instructed to seek offers in the region of £470,000 (Four Hundred and Seventy Thousand), which equates to a niy of 7% on the ground floor income and an apportioned value of £200,000 for the 1st floor flat.
Aml
In compliance with UK Money Laundering Regulations, property agents are required to establish the identity and source of funds of all parties involved in sales and letting transactions.
The property occupies a prime position on Wellfield Rd and comprises a fully fitted A3 restaurant/take away premises with a large, refurbished 1st floor 2 bed self-contained flat. There is separate rear access to both the ground floor restaurant and 1st floor flat, together with one car parking space.
First floor flat comprising 2 bedrooms, bathroom and a large living/modern kitchen area.
Rear area and car parking.
The property benefits from A3 planning consent.
Location
Wellfield Road is one Cardiff’s premier suburban retail and leisure destinations. Situated within the affluent and highly desirable district of Roath, Wellfield Road is widely recognised as one of the city’s most established café, restaurant and lifestyle locations that benefits from good levels of footfall throughout the day and evening.
Occupiers in the immediate vicinity include Coffi Lab, Coffee 1, Juno Lounge, La Dolce Vita, Tesco Express, Greggs, Ahead of the Game Nutrition, Parsons Bakery & William Hill Bookmakers. There are also a wide variety of independent food, beverage and retail operators situated along Wellfield Road.
Tenure
Freehold - Title number WA448860
Lease
The ground floor is let to Subway Realty Ltd (Company No. 04174473) by virtue of 10 year lease from 16/3/2019. There was a tenant break at 16/3/24 which was not exercised. The passing rent is £19,000 pa.
The 1st floor flat is let by virtue of Wales Fixed Term Standard Contract dated 20/2/24 at a rent of £950 pcm, £11,400 pa.
Price
We are instructed to seek offers in the region of £470,000 (Four Hundred and Seventy Thousand), which equates to a niy of 7% on the ground floor income and an apportioned value of £200,000 for the 1st floor flat.
Aml
In compliance with UK Money Laundering Regulations, property agents are required to establish the identity and source of funds of all parties involved in sales and letting transactions.
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