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1 bedroom retail property (high street) for sale

Waterloo Gardens, Penylan

Removed £150,000

Property Description

Key features

  • 8,000 per annum income
  • No Maintenance or Running Costs
  • Prime Village Location
  • Leased for Ten Years

Full description

We are offering for sale the long leasehold interest in the commercial unit which comprises of a new 999 year lease at peppercorn rent and no ground rent with the benefit of an existing tenant in the commercial unit paying £8,000 p.a. and let on a Fully Repairing and Insuring (FRI) basis. The tenant has been trading from these premises for over 15 years and have recently renewed their lease up until 2027.

The commercial unit is 65m2 (699sq ft) with 50m2 (538sq ft) of trading space utilised as an established newsagents/convenience store The remaining 15m2 (161 sq ft) is used as storage, WC and a kitchenette.

At Waterloo Gardens there is a pleasing sense of space, with the row of shops (comprising convenience store, Post Office, Waterloo Teahouse and Sands hair salon) set at a seemingly haphazard angle and well back from the main road. It’s not often that you find a place where young hipsters and old ladies are both happy to hang out, but Waterloo Tea house may just be that place. There may be more cars than yesteryears but the village-like scene remains a Cardiff gem. It's hard to believe that a few yards away lies Newport Road with its multiple lanes of traffic and retail warehouses


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