Lease Assignment for a fully fitted prime restaurant opportunity for a premium of £375,000 to include all fixtures and fittings. The property benefits from a 15 year lease expiring 2039. Rental of £80,000 pa with fixed uplifts in 2029 and 2034.
The subject property is situated on High Street a pedestrianised area directly opposite Cardiff Castle in the heart of the City Centre. This is the central core for the food and beverage/leisure sectors. The area has been transformed into one of the most vibrant areas with the arrival of many new occupiers. Cardiff Central Train Station and Cardiff Bus Station are a short walk away as is the Principality Stadium and Central Square development. Central Square is now home to the BBC HQ and new Government Hub for HMRC plus a number of other high calibre office occupiers with office workers on site totalling 6,000 plus.
This attractive Grade II Listed building is mid terraced with a stone and brickwork facade and pitched tiled roof. The restaurant comprises the basement and ground floor only. There are 60 covers plus 10 counter seats on the ground floor with a large bar area and rear kitchen that was installed in 2024. The basement consists of staff back of house, and the male/female toilets.
The existing operator is looking to assign their existing lease and requires a premium of £375,000 to include all fixtures and fittings. An inventory is available on request.
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