128 Cowbridge Road East, Cardiff CF11 9ND

Property Details: • Type: 6,585 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Investment Property. Ground floor retail occupied with upper floor residential planning • Seeking offers of £950,000 Tenure Freehold subject to the occupational leases • Planning for 8 apartments Planning Application No. 20/02532/MNR

Location: • Nearest Station: Ninian Park Station • Distance to Station: 0.4 miles

Agent Information: • Address: Park Place, Cardiff, CF10 3BA

Full Description: Occupying a prime trading position opposite Boots and with neighbouring occupiers including Costa Coffee, Greggs, Tesco, Home Bargains, Shoe Zone and Co-op. The property is adjacent to the main pay and display car park servicing the Cowbridge Road East retail and commercial area. The property is located within 1 mile of Cardiff City Centre and benefits from good road links to the M4 with Junctions 32 and 33, 3.5 miles to the north and west.

This prominent corner property provides a ground floor retail with basement storage. The upper floors are currently in a shell condition.

New lease to Savers Health and Beauty Limited for a term of 5 years from 27th September 2021 on a Full Repairing and Insuring basis. The Tenant had a 3rd year break option which they did not exercise. The new rental payable is £35,000 per annum. The Tenant has been in occupation since 1991.

Planning is granted for conversion of the upper floors as follows: 4x1 bed apartments - ranging from 514.51 sq.ft. - 668.43 sq.ft. 4x2 bed apartments - ranging from 761.50 sq.ft. - 854.65 sq.ft. Planning Application No. 20/02532/MNR No S106 contribution.

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