The Mind Shop, 338 Cowbridge Road East, Cardiff, South Glamorgan, CF5 1HD
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Description
ONLINE AUCTION from 23rd - 25th June
A mid-terrace retail premises occupying a prominent position within a well-established high street location. The property is currently occupied by the charity retailer Mind, providing an established tenant covenant and immediate rental income.
The property is let and currently producing an income of £7,500 per annum, offering an attractive investment opportunity for investors seeking a secure, income-producing asset. The current lease is in place until 23rd June 2029, providing income security with a tenant already in occupation.
There may be potential to increase the rental income in the future through asset management initiatives and future lease negotiations. We understand that the upper floors currently provide ancillary storage accommodation and may offer potential for residential conversion, subject to obtaining the necessary planning consents and any required agreements with the existing tenant.
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
Tenants in situ
The Mind Shop, 338 Cowbridge Road East, Cardiff, South Glamorgan, CF5 1HD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ninian Park Station0.6 miles
- Waun-gron Park Station0.8 miles
- Fairwater Station1.2 miles
Notes
Disclaimer - Property reference 349748. 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.
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 603042.
*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.”
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