First Floor, 2 – 4, Ruby Street Cardiff CF24 1LN
£92.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,000 sq ft
93 sq m
- SECTOR
Warehouse for sale
Key features
- PRIME NEW LISTING. We are excited to present this vacant commercial unit located within a prime location in Cardiff.
- Anticipated to achieve £1,100 per month (£13,200 per annum) subject to tenancy and due diligence. Rateable value to be confirmed, subject to eligibility.
- Planning consent (23/00812/FUL, 24 April 2023) supports conversion to two first floor flats, offering excellent development upside subject to consents.
- Serviced accommodation may suit, with 2 bed rates from £100 per night; at 70% occupancy it could reach £2,129 pcm (£25,550 pa), subject to consents.
- An unmissable chance to secure a sizeable yet affordable premises with clear potential to refurbish, repurpose or redevelop for added value.
Description
- PRIME NEW LISTING. We are excited to present this vacant commercial unit located within a prime location in Cardiff.
- Anticipated to achieve £1,100 per month (£13,200 per annum) subject to tenancy and due diligence. Rateable value to be confirmed, subject to eligibility.
- Planning consent (23/00812/FUL, 24 April 2023) supports conversion to two first floor flats, offering excellent development upside subject to consents.
- Serviced accommodation may suit, with 2 bed rates from £100 per night; at 70% occupancy it could reach £2,129 pcm (£25,550 pa), subject to consents.
- An unmissable chance to secure a sizeable yet affordable premises with clear potential to refurbish, repurpose or redevelop for added value.
PRIME NEW LISTING. We are excited to present this vacant commercial unit located within a prime location in Cardiff.
The property is accessed via an entrance directly from the pavement, which leads to stairs rising to the first floor. A new staircase incorporating a cycle ramp has been proposed as part of the planning. At first floor level, planning has been granted to form a communal landing incorporating both bin and cycle storage, creating a practical and modernised approach to occupier needs. Importantly, planning has been granted (REF: 24 April 2023, 23/00812/FUL) for two first floor flats measuring 85m2 and 76m2, presenting a compelling opportunity for redevelopment, subject to the necessary consents and implementation.
With the unit currently vacant, the property is anticipated to achieve £1,100 per month, which is £13,200 per annum, subject to tenancy and due diligence. This positions the lot as an attractive prospect for both investors seeking to secure and grow income, and owner occupiers looking for well located space with future flexibility.
The property is offered on a leasehold basis with approximately 105 years remaining, providing a long unexpired term that should appeal to a wide range of commercial buyers.
This excellent development potential, subject to gaining the necessary planning consents, is sure to captivate shrewd investors or developers aiming to create a unique residential opportunity. REF PLANNING: 24 April 2023 23/00812/FUL.
Potentially excellent opportunity for serviced accommodation, with rates for 2 beds in the area commanding upwards of £100 per night (subject to gaining necessary planning consents). At 70% occupancy per month, the unit could achieve £2,129 PCM (£25,550 P/A) which would generate an incredible gross yield if secured at the guide.
An unmissable opportunity for commercial investors aiming to acquire a large yet affordable premises. The property boasts fantastic development potential and is ready for an investor or developer to revitalise and bring back to life.
The property is being offered at a fantastic discount to ensure a sale. It should appeal to anyone looking for a straightforward purchase with excellent upside potential.
The rateable value has not been provided, and interested parties are advised to make their own enquiries with the local authority regarding business rates and any reliefs available, subject to eligibility.
The accommodation extends to approximately 1,000 sq ft, offering substantial space for a range of commercial uses or reconfiguration, subject to consents.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our "Offer NOW" button on our website.
This property is offered at a fantastic price to ensure an auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.
For further details on how to have a bidding account created, please contact the team.
The buyer will be responsible for all the seller's legal fees which are set at £950 plus VAT
The buyer will be responsible for all disbursements the seller has incurred which at the present time is calculated at $39.00
Location
Cardiff is a major commercial centre for South Wales, supporting strong occupier demand from professional services, independent operators and national brands. The CF24 area benefits from established mixed use surroundings, generating consistent day to day footfall and passing trade, with a broad base of nearby businesses and amenities. The city is well connected by road via key arterial routes linking to the wider M4 corridor, while Cardiff's rail links provide convenient access across the region and into the city centre for staff and customers. Ongoing improvement and investment across the wider city helps underpin confidence, supporting a resilient market for both commercial occupation and redevelopment led opportunities.
First Floor, 2 – 4, Ruby Street Cardiff CF24 1LN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cardiff Queen Street Station0.6 miles
- Cathays Station1.0 miles
- Cardiff Central Station1.1 miles
Notes
Disclaimer - Property reference 229226630. 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 Prime Property, Glasgow. 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 Prime Property, Glasgow on 0141 673 3554.
*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.”