YMCA, Cardiff

 

38 Albany Road, South Glamorgan, Cardiff, Wales, CF24 3RQ

Offers in excess of
N/A
Acquired
Type - Mixed
Tenant type - Various
  • Tenure: Freehold
  • Gross Rent: £22,010
  • Lease Term: 10 yrs from '15
  • VAT applicable?: N

Property Description

  • Freehold Shop and Office Investment.
  • The corner property is arranged on basement, ground & 3 upper floors to provide a ground floor shop, which benefits from ancillary accommodation to the basement.
  • The upper floors comprise self-contained office.

Location Description

  • Cardiff, the capital city of Wales, has a population of approx. 270,000 and is a thriving retail & commercial centre.
  • The city is served by the M4 motorway & benefits from regular InterCity rail services.  Road communications have been enhanced by the completion of 2nd Servern crossing (Junctions 28-30).
  • The property is situated fronting the south side of Albany Road, at its junction with Palsnewydd Road, on what is the main retail throughfare in the area.
  • Occupiers close by include WH Smith & Post Office (opposite), Home Bargins, Specsavers, Peacocks, British Heart Foundation, Card Factory and many other multiples.

Additional Notes

  • Shop let to Cardiff YMCA Housing Association Ltd, for 10 yrs from December '15, with rent review every 5th yr.
  • Fixed uplift to £25,000 in December 2018.
  • Upper floors let to GOFAL, a leading Welsh mental health charity for £10 p.a for completing a major refurbishment to the premises. let for 5 yrs from april '15, reversion on 2020.

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