Unit 22/23B Capitol Shopping Centre, Queen Street, Cardiff CF10 2HQ

The property benefits from a dual frontage onto Queen Street, Cardiff's principal retail thoroughfare, whilst also integrating into the Capitol Shopping Centre itself, including its 388 space car park. The unit is at the western end of Queen Street in an area that is now benefitting from a strong food and coffee circuit, with existing operators including Caffe Nero, KFC, 200 Degrees Coffee, Brew Coffee, Fluffy Waffles, etc. Other nearby retail anchors include Sainsbury, Tesco, Next and Marks & Spencer.

The Capitol Shopping Centre are also currently in detailed negotiations with a national leisure chain who intend to redevelop a substantial proportion of the centre to provide a multi faceted family entertainment centre.

The property comprises a double fronted shop which is currently fully fitted for a coffee/ sandwich bar use.

Ground Floor Sales 2,339 sqft (217.30 sqm)
Basement 1,179 sqft (109.53 sqm)

There is also scope for outside seating via a separate arrangement with Cardiff Council.

The property is held on an existing lease for a term of 15 years from the 8th June 2023 and the current rent passing is £75,000 per annum exclusive.

We are instructed to seek an assignment of the residual leasehold interest or our clients would entertain entering into a sub-lease on terms to be agreed.

The property is subject to a service charge which is currently estimated at £17,541 per annum plus a contribution towards insurance of £2,298 per annum.