Commercial Property for sale

Cardiff, Cardiff, South Wales, CF24

£445,000

Property Description

Key features

  • Ref:14201 H
  • Freehold

Full description

Business
Hilton Smythe welcomes to the market this greatly located commercial building, newly fitted out to a very high standard as a high-end steakhouse/restaurant.

The premise is rented out for an annual rent of £40,000. The tenant has a 15 year lease in place with 10% rent increases every 5 years.

Ideal for any type of cuisine with up to 70 covers over 2 floors. However, is currently trading as an Italian restaurant.

The premise really needs to be seen, to appreciate the design and look of the restaurant with its high quality contemporary feel.

The premise has a full A3 usage and alcohol license and could offer a great investment, in the highly popular and sought-after city of Cardiff.

There is an extensive list of fixtures and fittings including a bar and fully fitted commercial kitchen. The premise has a sitting tenant allowing for an income upon completion.

Location
This empty premise occupies a popular sought-after location on the outskirts of the city of Cardiff.

Cardiff is the capital and largest city in Wales and the eleventh-largest city in the United Kingdom. The city is the country's chief commercial centre and base for most national cultural and sporting institutions. Cardiff is also a significant tourist centre and the most popular visitor destination in Wales.

All of this adds to Cardiff being a very desirable location, with commercial property being in high demand.

Premises
This empty premise occupies a popular sought-after location on the outskirts of the city of Cardiff.

Cardiff is the capital and largest city in Wales and the eleventh-largest city in the United Kingdom. The city is the country's chief commercial centre and base for most national cultural and sporting institutions. Cardiff is also a significant tourist centre and the most popular visitor destination in Wales.

All of this adds to Cardiff being a very desirable location, with commercial property being in high demand.

Tenure
We are advised that the business is being sold as a Freehold opportunity.

Hours
N/A

Staff
N/A

Financial Profile
The restaurant is currently let out for an annual turnover of £40,000; this is set to rise by 10% every 5 years. The lease is for 15years.

According to the VOA website the current rateable value is £14,500, with rates payable of £5,800 per annum.


Nearest stations

  • Cathays (0.8 mi)
  • Cardiff Queen Street (0.9 mi)
  • Cardiff Central (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 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 (0.8 mi)
  • Cardiff Queen Street (0.9 mi)
  • Cardiff Central (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 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 14201H. 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 Hilton Smythe, Bolton . 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.

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