High Yielding Freehold Convenience Store Investment and Development Opportunity
Let to Co-operative Group Limited until September 2027 (not in occupation)
Immediate asset management and possible development opportunity
Detached single storey fomer convenience store
Approx. 216.40 sq m (2,329 sq ft) on prominent corner
Site area of approx. 0.14 ha (0.34 acres)
Well located in busy residential area
Lot 41
Auction 27th March 2025
Rent £22,402 per Annum Exclusive
Status Sold
Price £329,000
Sector Supermarket/Convenience, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1 mile south west of Cardiff City Centre
Roads
A4161, A4232
Rail
Cardiff Central Station, Grangetown Station
Air
Cardiff Airport
Situation
The property is prominently situated on the junction of Powderham Drive and Virgil Street, in the Grangetown district of Cardiff, 1 mile from Cardiff City Centre. The property is well located to serve the wider residential area.
Tenure
Freehold.
Location
Miles
1 mile south west of Cardiff City Centre
Roads
A4161, A4232
Rail
Cardiff Central Station, Grangetown Station
Air
Cardiff Airport
Situation
The property is prominently situated on the junction of Powderham Drive and Virgil Street, in the Grangetown district of Cardiff, 1 mile from Cardiff City Centre. The property is well located to serve the wider residential area.
Tenure
Freehold.
Description
The property comprises a detached single storey former convenience store on a site area of 0.14 ha (0.34 acres).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a detached single storey former convenience store on a site area of 0.14 ha (0.34 acres).
VAT
VAT is 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 sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground
Retail
216.40
(2,329)
CO-OPERATIVE GROUP LIMITED (2)
30 years from 28/09/1997 until 27/09/2027
£22,402
Total
216.40
(2,329)
£22,402
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). (2) The Co-operative Group is a British consumer co-operative with a group of retail businesses, including grocery retail and wholesale, legal services, funerals and insurance, and social enterprise (www.co-operative.coop). The property was sublet to a restaurant/take-away, but neither the tenant nor the subtenant are now in occupation.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
