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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)
- Freehold
- Guide Price of £600,000 reflects Low Capital Value of £170 per sq ft
Description
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
Location
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.
Tenure
Freehold
VAT
The property is not elected for VAT
Contact
* 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.
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Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2025
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