Lot 54
    Commercial Property
    108 & 109 Bute Street
    Cardiff, South Glamorgan, CF10 5AD
    Withdrawn Prior to Auction.
     
    Number 1
    A Freehold Building with Ground Rent Income. Suitable for Redevelopment (subject to obtaining all necessary consents) with Lapsed Planning to Create Two Further Flats on the Roof.

    Location

    The property occupies a prominent position on an established parade in Cardiff city centre. Nearby multiples include Tesco Express, Lloyds Bank Plc, Sainsburys and an Odeon Cinema. Transport links are provided by Cardiff Bay rail station.

    Planning

    Cardiff City Council granted planning permission (ref: 08/01224/C) in 2008 (now lapsed) for the erection of two penthouse flats.

    Description (2nd Column)

    The property comprises a double fronted mid terrace building comprising a substantial vacant basement area measuring approximately 2,000 sq ft with two retail units and twelve self-contained flats above. The shops and flats have been sold off. The property is arranged over lower ground and four upper floors and benefits from a flat roof which could afford further development potential (subject to obtaining all relevant consents).

    Viewing Details

    Viewing of the basement can be arranged. Contact our office to make an appointment

    Addendum

    Postponed

    Accommodation & Tenancy Schedule

    Floor Accommodation Tenancy Current
    Annual Rent
    Lower Ground Basement Measuring Approximately 2,000 sq ft Vacant -
    Ground Floor Two Commercial Units Both sold off on 999 year leases from 1st Jan 2006 Peppercorn
    First, Second & Third Twelve Self-Contained Flats All sold off on 999 year leases from 1st Jan 2006 at a rent of £50 each £600
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