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131 Albany Road, Cardiff
£495,000
Substantial Retail/restaurant/development Opportunity With Living Accommodation
  • Commercial - Sold STC
  • Cardiff

Key Features

  • SUITABLE FOR A VARIETY OF USES
  • SUBJECT TO THE NECESSARY CONSENTS
  • HIGHLY SOUGHT AFTER PRIME RETAIL LOCATION
  • GOOD TRANSPORT LINKS

A two storey mid terraced property, with ground floor retail unit and living accommodation to the upper floors.

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. Theses include the A470, A48 and A4232 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.

Albany Road (A469) is a well sought after secondary commercial/retail location, approximately 2 miles to the North East of the City Centre and serves the primarily residential suburb of Roath. The property is located towards the eastern end of Albany Road, in-between its junctions with Blenhim Road and Wellfield Road.

DESCRIPTION
A two storey mid terraced property, with ground floor retail unit and living accommodation to the upper floors.

The Ground Floor retail unit is currently fitted out as a restaurant and bar with tiled floor throughout. The unit benefits from Inset Spot Lighting, Air Conditioning, Male and Female W.C's. To the rear of the ground floor is a kitchen/preparation area with walk-in fridge, Staff W.C. Facility and storeroom.
The First Floor currently has an open plan function room, office and living accommodation as below.

The First and Second floor Self - Contained Living accommodation currently comprises 5no. bedrooms with kitchen, Living Room/Lounge, 2no. shower rooms & storeroom/cupboard. The living accommodation is accessed separately from Wellfield Place via a metal staircase to the rear of the property.

ACCOMMODATION
The Accommodation Briefly Comprises:

GROUND FLOOR
Gross Internal Area 218.96 sq.m. (2,353 sq.ft)


FIRST FLOOR
Function Room 49.94 sq.m.( 538 sq.ft)
Office 10.50 sq.m.(113 sq.ft)


PART FIRST & SECOND FLOOR
5 Bed Living Accommodation

TERMS
TENURE

Freehold.

OUTGOINGS
Our inspection of the rating list shows the following assessment for the subject property:-

Rateable Value £57,500

Rates Payable (2012/2013) £25,990

We recommend that interested parties make their own enquiries of the Local Authority on 029 2087 2000 to confirm the above figures and in some instances some relief may be applied.

VAT
All figures are quoted exclusive of V.A.T. where applicable.

LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.

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