Property Description

•Immediately available For Sale or To Let a well configured ground floor retail/business unit situated in a prominent and convenient location within Penarth town centre

•Briefly comprises of approximately 64.8 sq.m (697 sq.ft) Net Internal Area of retail sales

•Immediately available For Sale Virtual Freehold at an asking price of £240,000 or To Let under terms of a new FRI Lease for a term of years to be agreed at a rental of £20,000 per annum exclusive

LocationSituated in a prominent and convenient location fronting Stanwell Road located just off Windsor Road Penarth’s primary retailing area.

Penarth town is located approximately 3 miles south of Cardiff City Centre considered to be one of the Vale of Glamorgan’s most affluent areas. The town centre attracting both local and multiple retailers and the town enjoys a buoyant food and drink and hospitality scene.

Occupiers in close proximity include Principality, Cancer Research and Ty Hafan.

DescriptionThe property comprises a ground floor single storey lock-up shop and premises long established for retail use but being suitable for a variety of retail or alternate business uses subject to the obtaining of any necessary change of use planning permission.

The property provides retail space set out over 2 levels with a main retail area and an upper retail sales area as follows:-

Main Retail Sales Area: 42.88sq.m (461sq.ft) NIA
Raised Retail Sales Area: 21.95sq.m (236sq.ft) NIA

Total Accommodation: 64.83sq.m (697sq.ft) NIA

Sales ITZA: 39.8sq.m (428sq.ft)

TenureThe property is immediately available For Sale Virtual Freehold with the property being held under terms of a 999 year lease from 1st January 2002 at a peppercorn rental. Asking Price: £240,000

The property is also available To Let under terms of a new Full Repairing and Insuring lease for a term of years to be agreed at a rental of £20,000 per annum exclusive.

VatAll figures quoted are exclusive of VAT if applicable.

EpcEnergy Rating - Band C

Legal CostsEach party to be responsible for their own legal costs incurred in the transaction.

Anti Money Laundering RegulationsIn order to discharge its legal obligations, including under applicable anti-money laundering regulations, the successful applicant will agree to provide certain information when Heads of Terms are agreed.

ViewingStrictly by appointment only through
Sole Marketing Agents:

Messrs Watts & Morgan LLP
Tel: (01656) 644288
Email: [email protected]

Please ask for
Dyfed Miles or Matthew Ashman