404 Cowbridge Road East, Canton, Cardiff, CF5 1JJ
Size
742
Tenure
Freehold
EPC
Parking
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- Primary use
- Shop
- Other use(s)
- High street retail
- Frontage
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No floor / site plan
Key features
- Busy suburban location
- Strong retail and residential demand
- Low base levels on rents
- Inviting offers in excess of £240,000
Description
The property comprises one half of double fronted unit, both occupied by William Hill. William Hill have been in occupation of the premises since the early 1990’s with the premises being used as Betting Office prior to William Hill’s occupation.
To the 1st floor there is a large 2 bedroom flat with separate access from the rear plus a garage. The property is in good order throughout.
Location
Cowbridge Rd East is one Cardiff’s premier suburban retail, leisure and residential throughfares, located in the densely populated and vibrant Canton and Victoria Park districts of Cardiff. CRE is a major arterial route into the city centre with many frequent bus services alighting outside the premises. The property is situated close to the popular Victoria Park.
There are a large number of local businesses, retailers and food/A3 occupiers in the immediate vicinity plus the popular Victoria Park Pub. There is a Post Office, and long established Dry Cleaners either side of the William Hill unit.
Tenure
Freehold - Title number WA244785.
Lease
The ground floor is let to the William Hill Organisation Ltd by virtue of lease renewal for a 5 years from 29/9/2023. There is a tenant break on 28/9/26 which has NOT been exercised. The passing rent is £8,700pa.
The 1st floor flat is let by virtue of Wales Fixed Term Standard Contract. The tenant has been in occupation since 30/6/2022 at a rent of £675pcm, £8,100 pa.
The current income is £16,800 pa.
The rear garage is currently vacant.
Tenant Covenant
William Hill (Company No. 00278208) are a national firm of bookmakers. They have a Creditsafe Rating of 75(A) reflecting a low risk.
Anti-Money Laundering
In compliance with UK Money Laundering Regulations, property agents are required to establish the identity and source of funds of all parties involved in sales and letting transactions.
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Brochure
404 Cowbridge Road East, Canton, Cardiff, CF5 1JJ
About Cooke & Arkwright Limited, Retail & Leisure
Cooke & Arkwright is the largest firm of independent commercial property advisors in Wales. With a heritage going back 120 years, we have been a major force in shaping the Welsh commercial and rural property world.
The scale and scope of our business allows us to provide first rate market intelligence and a wide network of contacts, while still being small enough to be innovative and fleet of foot. The Directors who own the firm all live in Wales and ensure that our clients receive a dedicated, director-led service from our talented teams who work to the highest standards of professionalism and integrity. We achieve this by employing and investing in individuals who are not only the best in their fields in Wales, but also genuinely proud of and passionate about their work, the problems they solve for their clients and what they contribute to society.
Based in South Wales with main offices in Cardiff and Bridgend, and a hub office in London, we provide clients with advice on commercial, rural, retail and development properties in Cardiff, all parts of Wales and beyond. We are passionate about property in Wales and our focus is on using our expert and unrivalled market insight in Wales to give our clients the commercial advice they need to help them maximise the potential of their assets, whether they own, rent or develop. We are the local property experts in Wales.
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Disclaimer - Property reference 400375-1. 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 Cooke & Arkwright Limited, Retail & Leisure. 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.