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Commercial Property for sale

Bute Street, Cardiff, South Glamorgan, CF10 5AD

Guide Price* £40,000

Property Description

Key features

  • A Freehold Building with Ground Rent Income. Suitable for Redevelopment (subject to obtaining all necessary consents) with Lapsed Planning to Create Two Further Flats on the Roof.

Full description

Tenure: Freehold

Withdrawn Prior to Auction. Guide Price = £40,000+

**For Sale By Auction 14th December **

A Freehold Building with Ground Rent Income. Suitable for Redevelopment (subject to obtaining all necessary consents) with Lapsed Planning to Create Two Further Flats on the Roof.

The property occupies a prominent position on an established parade in Cardiff city centre. Nearby multiples include Tesco Express, Lloyds Bank Plc, Sainsburys and an Odeon Cinema. Transport links are provided by Cardiff Bay rail station.

The property comprises a double fronted mid terrace building comprising a substantial vacant basement area measuring approximately 2,000 sq ft with two retail units and twelve self-contained flats above. The shops and flats have been sold off. The property is arranged over lower ground and four upper floors and benefits from a flat roof which could afford further development potential (subject to obtaining all relevant consents).

Cardiff City Council granted planning permission (ref: 08/01224/C) in 2008 (now lapsed) for the erection of two penthouse flats.

Viewing Times
Viewing of the basement can be arranged. Contact our office to make an appointment

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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