43-44 Caroline Street, Cardiff, CF10 1FF
Guide Price* : £600,000
VAT Free Property For Sale by Auction if Not Sold Prior
- Retail/Development Opportunity in Popular Town Centre Location
- Offered with Full Vacant Possession
- Development Potential (Subject to Planning)
- 3,517 sq ft (326.75 sq m)
- Guide Price of £600,000 reflects Low Capital Value of £170 per sq ft
The property comprises a double frontage retail unit with upper parts arranged over ground, first and second floors with an approximate area of 3,517 sq ft (326.75 sq m)*.
The ground floor, currently being used as hot food takeaway, comprises two units which have been interconnected and therefore provide a double frontage onto Caroline Street. The units each benefit from their own entrance and could therefore easily be split to provide two separate areas.
The upper parts are accessed by a separate entrance from Caroline Street and are currently unused and have been stripped out. We therefore envisage the upper parts would be suitable for conversion to residential use (subject to obtaining the necessary consents).
*Please note floor areas are provided by the Vendor
The property is located in Cardiff, the capital city and prinicipal commercial hub of Wales.
Cardiff is a buzzing metropolis, known for excellent leisure amenities including nightlife. The property is situated on Caroline Street, one of the principal streets for Cardiff's thriving bar and nightclub industry and principally known for the number of A5 Hot Food Takeaway units on the street.
The property offers a double frontage to Caroline Street, offering the possibility of splitting the property into two ground floor units and creating two separate income streams, increasing diversification, whilst keeping the upper parts spread across the entire floorplate thus facilitating any potential conversion.
The property is not elected for VAT
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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Subject to Contract and Exclusive of VAT © Lambert Smith Hampton December 2021
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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