25 Wellfield Road, Roath, Cardiff, CF24 3NZ
Size
790
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
- Total Income £30,400
- Price £470,000
Description
The property occupies a prime position on Wellfield Rd and comprises a fully fitted A3 restaurant/take away premises with a large, refurbished 1st floor 2 bed self-contained flat. There is separate rear access to both the ground floor restaurant and 1st floor flat, together with one car parking space.
First floor flat comprising 2 bedrooms, bathroom and a large living/modern kitchen area.
Rear area and car parking.
The property benefits from A3 planning consent.
Location
Wellfield Road is one Cardiff’s premier suburban retail and leisure destinations. Situated within the affluent and highly desirable district of Roath, Wellfield Road is widely recognised as one of the city’s most established café, restaurant and lifestyle locations that benefits from good levels of footfall throughout the day and evening.
Occupiers in the immediate vicinity include Coffi Lab, Coffee 1, Juno Lounge, La Dolce Vita, Tesco Express, Greggs, Ahead of the Game Nutrition, Parsons Bakery & William Hill Bookmakers. There are also a wide variety of independent food, beverage and retail operators situated along Wellfield Road.
Tenure
Freehold - Title number WA448860
Lease
The ground floor is let to Subway Realty Ltd (Company No. 04174473) by virtue of 10 year lease from 16/3/2019. There was a tenant break at 16/3/24 which was not exercised. The passing rent is £19,000 pa.
The 1st floor flat is let by virtue of Wales Fixed Term Standard Contract dated 20/2/24 at a rent of £950 pcm, £11,400 pa.
Price
We are instructed to seek offers in the region of £470,000 (Four Hundred and Seventy Thousand), which equates to a NIY of 7% on the ground floor income and an apportioned value of £200,000 for the 1st floor flat.
AML
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.
- Service charge
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- Business rates
- £9,162
- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
25 Wellfield Road, Roath, Cardiff, CF24 3NZ
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 389519-1. 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.