The subject property is located in Cardiff, the capital of Wales and one of Europe’s fastest growing cities.  The current resident population is around 360,000 which is boosted by a student population now in the region of 75,000.

The property is in a highly prominent location facing the Wood Street entrance to the Principality Stadium, in the heart of Cardiff’s leisure circuit with nearby occupiers including The Prince of Wales (JDW), Coyote Ugly, Parr 59, Dirty Martini, Walkabout, Five Guys, Wingstop, Bills, Las Iguanas, etc.  In addition the location benefits from a number of large hotels including The Marriott, Premier Inn, Travelodge, The Royal Hotel, The Parkgate Hotel and Raddison Blu.  Central Square is a short distance away one million sqft of grade A office accommodation and the Principality Stadium is a short walk away providing a a significant number of major sporting and entertainment events.

The premises comprise an entire character building which has been renovated by the Landlord and our client is seeking to let the premises on a new institutionally acceptable effective full repairing and insuring lease at a rent of £130,000 per annum exclusive.

The property is Grade II Listed and achieved a change of use from Planning Class A1 to A3.

There is also scope for Tenants to obtain Pavement Licenses to allow for external seating – however this will be via a separate agreement with Cardiff City Council.