4,938 sq ft(458.76 sq m)
Asking price £3,225,000

Cardiff59-61 Queen Street

    Key features

    • Freehold
    • Prime Location
    • Well Configured Retail Unit
    • Let to Lush Retail Limited (7.4 years unexpired)

    Prime Retail Investment Opportunity

    About this property

    • The property occupies a prime position on the pedestrianised Queen Street, opposite Primark and the entrance to St David’s Shopping Centre. Well configured retail unit, comprising 4,938 sq ft, arranged over ground and three upper floors.

    Local information

    • Cardiff, Wales’ capital city, is a major administrative, retail, and commercial centre, with a growing population.
    • The property is located in a premier retail destination, boasting a retail catchment of 1.6 million people which ranks the city 10th of the Promis centres nationally.
    • Cardiff benefits from 21 million tourist visits annually, boosting local expenditure by almost £1.3 billion a year, in addition to a sizeable student population of 70,000.

    Additional information

    • The property is fully let to Lush Retail Limited for a term of 10 years, commencing on 3 October 2016 and expiring on 2 October 2026 at a current passing rent of £225,000 per annum (7.4 years unexpired).
    • Passing rent of £225,000 per annum (£198 per sq ft ITZA).

    Energy performance

    59-61 Queen Street has an EPC rating of 203(G). A copy of this can be provided on request.