57-59 St Mary Street Cardiff South Glamorgan CF10 1FE
57-59 St Mary Street Cardiff South Glamorgan CF10 1FE
Freehold Retail & Office Investment
Shop and basement let to William Hill Organization
Self-contained upper part offices let to a 98% government funded charity
The offices have potential for various other uses (subject to consents)
Prime city centre location close to Cardiff Central Railway and Bus Stations, the Millennium Stadium, Cardiff Castle and the newly developed St David's shopping centre
Nearby occupiers include Starbucks, Hard Rock Café, Travelodge, The Marriott and Sleeperz
Six Week Completion Period Available
Lot 9
Auction 7th April 2011
Rent £65,000 per Annum Exclusive
Status Sold Post
Price
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Shop and basement let to William Hill Organization
Self-contained upper part offices let to a 98% government funded charity
The offices have potential for various other uses (subject to consents)
Prime city centre location close to Cardiff Central Railway and Bus Stations, the Millennium Stadium, Cardiff Castle and the newly developed St David's shopping centre
Nearby occupiers include Starbucks, Hard Rock Café, Travelodge, The Marriott and Sleeperz
Six Week Completion Period Available
Lot 9
Auction 7th April 2011
Rent £65,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Estimated District Population
270,000
Roads
A4160, A470, A48, M4 (Junction 29)
Rail
Cardiff Central Railway Station
Air
Cardiff Airport
Situation
Prominently fronting St Mary Street, one of Cardiff city centre's prime leisure pitches, being close to the city's famous shopping arcades and the Brewery Quarter with its cafés bars and eateries.
Cardiff Central Railway and Bus Stations lie some 200 metres west of the property with the Millennium Stadium, Cardiff Castle and the newly developed St David's Shopping Centre close by housing retailers such as John Lewis, Debenhams, Marks & Spencer and Apple.
Other nearby occupiers include Starbucks, Hard Rock Café, Nando's, La Tasca, Bella Italia, Chiquitos and various hotels including The Marriott, Travelodge and Sleeperz.
Tenure
Freehold.
Location
Estimated District Population
270,000
Roads
A4160, A470, A48, M4 (Junction 29)
Rail
Cardiff Central Railway Station
Air
Cardiff Airport
Situation
Prominently fronting St Mary Street, one of Cardiff city centre's prime leisure pitches, being close to the city's famous shopping arcades and the Brewery Quarter with its cafés bars and eateries.
Cardiff Central Railway and Bus Stations lie some 200 metres west of the property with the Millennium Stadium, Cardiff Castle and the newly developed St David's Shopping Centre close by housing retailers such as John Lewis, Debenhams, Marks & Spencer and Apple.
Other nearby occupiers include Starbucks, Hard Rock Café, Nando's, La Tasca, Bella Italia, Chiquitos and various hotels including The Marriott, Travelodge and Sleeperz.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary basement accommodation and self contained office accommodation on the first, second and third floors, accessed via a separate front entrance and served by a lift.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with ancillary basement accommodation and self contained office accommodation on the first, second and third floors, accessed via a separate front entrance and served by a lift.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Basement
Betting Office/Storage Ancillary
172.06 sq m 115.11 sq m
(1,852 sq ft) (1,239 sq ft)
WILLIAM HILL ORGANIZATION LTD (1)
10 years from 26/12/2007
£40,000
26/12/2012
First Second Third
Office Office Office
126.68 sq m 126.68 sq m 126.68 sq m
(958 sq ft)
CRIME REDUCTION INITIATIVES (CRI) (2)
3 years from 26/03/2010 (3)(4)
£25,000
(25/03/2013)
Totals
667.21 sq m
(7,183 sq ft)
£65,000
(1) William Hill Organization Ltd is a subsidiary of William Hill plc which delivers a high quality gaming and betting experience to UK and international customers online, through its shops, and on the phone. They are an established and trusted brand and took more than £15 billion in stakes in 2009. (Source: www.williamhill.com 03/03/2011) (2) Crime Reduction Initiatives (CRI) is a registered charity formed in 2001 and funded by a number of statutory organisations including the Home Office, Ministry of Justice, Department for Communities and Local Government and the Welsh Assembly Government. (Source: www.cri.org.uk 03/03/2011) (3) Crime Reduction Initiatives (CRI) have an option to determine the lease on 30th April 2012 upon giving 6 months’ notice. (4) The lease on the offices is subject to a schedule of condition.
Contacts
Associate Auctioneers
DMA Property 26-28 Great Portland Street London W1W 8QT
