Fantastic opportunity to acquire a large first floor commercial unit in a very prominent location along Richmond Road in Cardiff.
The property occupies a highly prominent and visible position fronting onto Richmond Road, close to the busy junction of Albany Road, Crwys Road and City Road. The property is located within very close proximity to Cardiff City Centre and Cardiff University, both easily accessible by road, public transport or on foot.
The first-floor commercial unit benefits from its own independent entrance, accessed off Richmond Road. The first-floor accommodation includes a large reception area, various offices, two large studios, which were previously used as dance studio’s and there are WC facilities. The property offers great flexibility in terms of layout and configuration.
The studio space offers high ceilings with full wall mirrors in each studio.
Please note there is not currently any fixed heating system within the property.
The property provides the following approximate floor areas: -
Dance Studio 1: C. 110 sq.m / 1,185 sq.ft
Dance Studio 2: C. 118 sq.m / 1,280 sq.ft
Offices: C. 41.88 sq.m / 451 sq.ft
Plus, additional reception / communal areas / WC facilities
First Floor nia: C. 318 sq.m / 3422 sq.ft
New lease terms to be agreed, subject to a full repairing and insuring lease.
£25,000 per annum exclusive of business rates and insurance. The annual insurance for 2021/2022 is believed to be circa £1,100. It is understood that there is currently no service charge & no VAT payable on the rent.
Each party is to be responsible for their own legal and professional costs incurred in this transaction.
Has been instructed and will be available online soon.
£19,500 (April 2017)
ubr: 0.535 (2020/2021)
Please note that due to the coronavirus outbreak, all retail, leisure and hospitality businesses occupying properties with a rateable value of up to £500,000 will receive 100% non-domestic rates relief for the duration of 2021-22. However, we are informed that this applies to properties in occupation by 1st April 2021. We are informed that Relief should be granted to each eligible business as a reduction to its rates bill based on occupation between 1 April 2021 and 31 March 2022. Where occupation has occurred on or after the 1 April 2021, the local authority may use its discretion in awarding relief - therefore in this particular instance, please discuss with Cardiff Council Rates Department.
Please contact sole agents, DTR Surveyors, for full info and viewing requests.