The Royal George, 1-5 Mackintosh Place, Cardiff CF24 4RJ

For Sale

The Royal George, 1-5 Mackintosh Place, Cardiff CF24 4RJ

For Sale

Town

Cardiff

Price / Rent

For Sale - £950,000

Description

1-5 Mackintosh Place is prominently situated on a corner site at the junction with Crwys Road, City Road, Albany Road and Richmond Road.   Albany Road / City Road are busy suburban retail streets where other occupiers include Boots, Tesco, Iceland, Sticky Fingers Street Food, German Doner Kebab and Home Bargains – as well as a wide range of independent retailers and food outlets.   Albany Road is the main shopping destination for the affluent Roath Park, Penylan, Cyncoed residential areas and for the large student population.

The property  was originally constructed as an attractive period hotel known as The Royal George Hotel.  The building is laid out on basement, ground, first and second floors.  Most of the ground floor and the basement is occupied by Punch Taverns – who operate The Royal George Pub.  The ground, basement and manager’s flat will be let to Punch Taverns Ltd on a new 20 year FRI lease with no breaks at £40,000 p.a.  The first and second floors have just received planning consent for 12 student studio apartments and a manager’s flat.

The property will be sold subject to an Agreement to Lease back to Punch – subject to the division works and manager’s flat having been completed.

Offers for the freehold are being sought in the region of £950,000 (Nine Hundred and Fifty Thousand Pounds) – subject to contract and exclusive of VAT, equating to £103 psf overall.

For further information or to view this property please contact:-

Dan Griffiths

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