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Mixed Use for sale

St Martins Row, 1-6 Albany Road, Cardiff, Cardiff (County of), CF24 3RP

Sold STC 4,806 sq. ft. | £875,000

Property Description

Commercial information

  • 4,806 sq ft (446 sq m)

Full description

Tenure: Freehold

FOR SALE BY AUCTION - 17th June 16 - THE PARK INN, LLANEDEYRN, CARDIFF, 5PM

MIXED USE INVESTMENT PROPERTY
A unique opportunity to acquire a substantial corner building with an annual income of 78,300 pa occupying a very prominent position on the busy interchange of Albany Road and City Road with Crwys Road and Richmond Road in the residential suburb of Roath. The property enjoys frontage to both Albany Road and City Road. Roath is around 1 miles north of the city centre and its vibrant and diverse shopping area is popular with students, local residents and visitors to the city. Cardiff is the capital of Wales and is an important commercial and administrative centre in the region, benefitting from an excellent road and transport network. There are a variety of national retailers nearby including Tesco, Iceland and Boots the Chemist.

The property comprises a three storey corner terraced building which is subdivided to provide four retail units, first floor office suite and two three bedroom flats. The property is currently fully let to five occupiers and producing a rental income of 78,300 per annum.

ACCOMMODATION
All measurements are approximate Net Internal Areas:-

Unit Size (sq ft ) Size (sq m) Tenant Lease Details Rental
1 1,275 118 Seraph Estates (Cardiff) Ltd trading as Douglas James Estate Agents 15 years from September 2012 16,000
1a 287 27 Sim-Teck World Ltd 10 years from December 2015 6,000
3 409 38 Sim-Teck World Ltd 10 years from December 2015 10,250
3a 265 25 Sim-Teck World Ltd 10 years from December 2015 1,750
4 298 28 Speedloan Finance Ltd 10 years from March 2010 9,000
5 &6 557 52 Speedloan Finance Ltd 10 years from March 2010 13,700
3b - flat 854 79 Private Individuals AST 10,800
3c - flat 861 80 Private Individuals AST 10,800
Total 4,806 446 78,300


Tenure: Advised Freehold - to be verified by a solicitor
Viewing: Paul Fosh Auctions, 87 Church Road, Newport, NP19 7EH
01633 254044
Guide Price: 875,000+

Nearest stations

  • Cathays (0.5 mi)
  • Cardiff Queen Street (0.7 mi)
  • Cardiff Central (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Paul Fosh Auctions, Newport

87 Church Road, Newport, NP19 7EH

01633 966069 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Cathays (0.5 mi)
  • Cardiff Queen Street (0.7 mi)
  • Cardiff Central (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Paul Fosh Auctions, Newport

87 Church Road, Newport, NP19 7EH

01633 966069 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 72071. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Paul Fosh Auctions, Newport . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*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.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Paul Fosh Auctions, Newport on 01633 254044.


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