28 High St 3,727 SF Retail Building Cardiff CF10 1PU $1,174,859 ($315.23/SF)
INVESTMENT HIGHLIGHTS
- The Tenant has invested significantly in the fit out of the property
- Situated in a prime location within the central core of the City Centre for the food & beverage/leisure sector
- The property benefits from a 15 year lease expiring 2039
EXECUTIVE SUMMARY
The subject property is situated on High Street a pedestrianised area directly opposite Cardiff Castle in the heart of the City Centre. This attractive Grade II Listed building is mid terraced with a stone and brickwork facade and pitched tiled roof. The restaurant investment comprises the basement and ground floor only. There are five upper floors which have been converted into residential apartments. The residential accommodation has a separate self contained access.
Terra Mare is part of the A&M Hospitality Group Limited, Company No. 13667258. Their one existing high quality successfully trading restaurant, Silures, is situated in the popular suburban restaurant area of Wellfield Road. The investment is to be sold Freehold. The residential apartments have been sold off long leasehold on a peppercorn rent.
Terra Mare is part of the A&M Hospitality Group Limited, Company No. 13667258. Their one existing high quality successfully trading restaurant, Silures, is situated in the popular suburban restaurant area of Wellfield Road. The investment is to be sold Freehold. The residential apartments have been sold off long leasehold on a peppercorn rent.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
3,727 SF
Building Class
B
Year Built
1893
Price
$1,174,859
Price Per SF
$315.23
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.22 AC
Frontage
29’ on High St
AMENITIES
- Commuter Rail
- Restaurant
- Energy Performance Rating - C
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