Property description

The subject four storey terraced property comprises ground floor A3 retail/office space with further offices and studio space to the upper three floors. The Ground floor comprises shop front/retail area with option to install a kitchen to the rear. 

There is a further staff kitchen area, storeroom and W.C. facilities. The front area benefits from wood flooring and internal roller security shutter. 

The Upper floors are currently used as offices or studio space which to various areas benefit from Kitchen/Tea-point and W.C facilities.  There is currently planning permission in place to convert the upper floors to 3no. studio apartments.  Please refer to plan attached.

Location
Cardiff is the principle commercial and administrative centre of Wales with an urban population of approximately 315,000 and in excess of 500,000 living within 10 miles of the city centre. The city enjoys excellent road, rail and air communications. These include the A4232 Bay Link Road which lead from the M4 to the city centre, Cardiff Central Railway Station which is part of the Great Western Rail Network, and Cardiff International Airport. The property occupies a prominent position on West Bute Street, located close to Cardiff Bay Train Station and is in close proximity to Mount Stuart Square in the heart of Cardiff Bay. Both West Bute Street and Mount Stuart Square are situated in the commercial heart of the Cardiff Bay area which is a long established professional/commercial/residential area lying approximately 1 mile south of the City Centre and within walking distance of Cardiff Bay Waterfront, The Atlantic Wharf Red Dragon Multiscreen Cinema/Restaurants/Leisure complex, Welsh Assembly Building, Wales Millennium Centre and Mermaid Quay with its numerous bars and restaurants. There is swift access to the M4 via the A4232 Link Road.

Accommodation
The building currently comprses:TOTAL GROUND FLOOR(approx.) 102.66 SQ.M. (1,104 SQ.FT.)TOTAL FIRST FLOOR(approx.) 99.56 SQ.M. (1,072 SQ.FT.)TOTAL SECOND FLOOR(approx.) 29.35 SQ.M. ( 316 SQ.FT.)TOTAL THIRD FLOOR(approx.) 26.84 SQ.M. ( 289 SQ.FT.) OVERALL APPROXIMATE BUILDING TOTAL 258.41 SQ.M. (2,781 SQ.FT)

Tenure
Freehold

Rateable Value
Our inspection of the rating list shows the following assessment for the ground floor café unit only:- Rateable Value £5,000Rates Payable (2013/2014) £2,320We recommend that interested parties make their own enquiries of the Local Authority on 029 2087 1491/1492 to confirm the above figures and in some instances some relief may be applied.

Legal Costs
Each party to bear their own legal costs incurred in the transaction.

V.A.T.
All prices are quoted exclusive of V.A.T. where applicable.

Property Features :

• GROUND FLOOR UNIT WITH A3 PLANNING
• LISTED BUILDING WITH PLANNING PERMISSION TO CONVERT TO 3NO. STUDIO APARTMENTS
• CLOSE PROXIMITY TO WELSH ASSEMBLY BUILDINGS, WALES MILLENIUM CENTRE
• MERMAID QUAY AND CARDIFF BAY WATERFRONT