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61-67 Albany Road Cardiff CF24 3LL

Property Type: Retail - High Street

Tenure: Investment, For Sale

Size: 12013 Sq Ft

Price: £1,700,000


Prime Investment Retail 12,013sqft.  New 10 year lease to Peacocks Stores Limited. New 9 year lease to Telefonica 02 UK Ltd. Asking Price £1,700,000 – 7.45% net initial

The subject corner property is situated in the heart of Albany Road a very busy and sought after retail business area only some one mile north east of Cardiff City Centre.  Albany Road is regarded as the premier suburban retail location within Cardiff.  Neighbours and other retailers situated on Albany Road include Sainsburys, Boots, Superdrug, Home Bargains, Holland & Barrett, Specsavers, Tesco, Tim Hortons, Costa Coffee amongst others.  The property comprises a prominent corner property arranged on ground and first floor level.  Internally the property has been fitted out in the Peacocks corporate style.  The property has brickwork and rendered elevations with a flat roof.  The roof was replaced by Peacocks in 2014.  The property has a rear servicing area with a goods lift to first floor storage.  The first floor also has Male and Female WC facilities.  The property has been occupied by Peacocks since 2000 with the Telecommunications Mast being in place since 2008.

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