The property benefits from a dual frontage and is situated at the western end of Queen Street, an area that is now benefitting from a strong food and coffee circuit, with existing operators including Caffe Nero, KFC, 200 Degrees Coffee, Brew Coffee, Fluffy Waffles, etc. Other nearby retail anchors include Sainsbury, Tesco, Next and Marks & Spencer.
The Capitol Shopping Centre, which has a 388 space car park, are also currently in detailed negotiations with a national leisure chain who intend to redevelop a substantial proportion of the centre to provide a multi faceted family entertainment centre.
The property comprises a double fronted shop which is currently fully fitted for a coffee/ sandwich bar use and is held on an existing lease for a term of 15 years from the 8th June 2023 at a current rent of £75,000 per annum exclusive.
The property is subject to a service charge which is currently estimated at £17,541 per annum plus a contribution towards insurance of £2,298 per annum.
We are instructed to seek an assignment of the residual leasehold interest or our clients would entertain entering into a sub-lease on terms to be agreed.
Ground Floor Sales | 2,339 sqft | 217.30 sqm |
Basement | 1,179 sqft | 109.53 sqm |
There is also scope for outside seating via a separate arrangement with Cardiff Council.
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