YMCA, Cardiff

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.