28 High St - Restaurant FOR SALE


Cardiff, VGL CF10 1PU
$875,000 USD
28 High St, Cardiff, VGL for Sale
$875,000 USD
Restaurant - FOR SALE
1/9
null | Request Cap Rate

28 High St
Cardiff, VGL CF10 1PU


HIGHLIGHTS

  • The Tenant has invested significantly in the fit out of the property
  • The property benefits from a 15 year lease expiring 2039
  • Situated in a prime location within the central core of the City Centre for the food & beverage/leisure sector

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1893

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

-

APN/PARCEL ID

CYM158449,CYM202277,CYM333220,WA325281

ASK ABOUT THIS PROPERTY

Matthew JonesFletcher Morgan LtdMore Info

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Matthew JonesFletcher Morgan LtdMore Info

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