27 HIGH STREET CARDIFF 27 High Street CARDIFF CF10 1PU
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27 HIGH STREET CARDIFF 27 High Street CARDIFF CF10 1PU PRIME LEISURE & RESIDENTIAL INVESTMENT 1 27 HIGH STREET CARDIFF Cardiff, Wales’ capital city, is a major administrative, The property is situated on the pedestrianised High 64% income is leisure, 36% is residential Investment retail, and commercial centre, with a growing Street at the heart of The Castle Quarter. The Castle population. Quarter is a historical part of Cardiff situated between Summary Freehold the city’s retail and employment offer. Cardiff boasts a retail catchment of 1.6 million people We are instructed to seek offers in excess of ranking the city 10th of the Promis centres nationally. The basement is let to The Potted Pig, the ground £2,900,000 (exclusive of VAT) for the benefit floor to Zizzi and there are six refurbished two bed of our client’s freehold interest, which reflects a apartments on the upper floors let on ASTs. Cardiff benefits from 21 million tourists per annum, who 6.25% net initial yield (6.5% purchasers costs) on boost local expenditure by almost £1.3 billion a year, in the commercial income and £227 per sq ft on the addition to a sizeable student population of 70,000. Low leisure and residential rents residential apartments. 2 - totalling £172,244 per annum 27 HIGH STREET CARDIFF Location & Demographics Cardiff is Wales’ capital city and is the leading retail and commercial centre in South Wales. The city is situated on the south coast of Wales, lying 42 miles (68 km) east of Swansea and 43 miles (69 km) west of Bristol. road rail Bristol 43 MILES 50 MINS Reading 114 MILES 95 MINS London 147 MILESBRECON 127 MINS M5 National Rail Train Times Prior to electrification ROSS-ON-WYE CHELTENHAM A470 GLOUCESTER A40 A465 MONMOUTH MERTHYR ABERGAVENNY A40 A417 Cardiff has a retail catchment population of TYDFIL 1.6 million people, and a shopping population M5 of 791,000 people, ranking the city 10th of all A470 A465 CIRENCESTER Promis centres. Due to the attractive lifestyle CHEPSTOW A419 that it offers and its vibrant leisure and A429 42 M4 M48 restaurant scene, the city boasts an above SWANSEA 41 41 A470 A48 SWINDON average proportion of the most affluent AB 40 NEWPORT M4 39 M4 PORT 38 social group. Cardiff has been identified as TALBOT M4 M4 37 36 35 A48 BRISTOL a growth hotspot with projected population CHANNEL M4 A350 growth of over 42% in the next 20 years. BRIDGEND A48 M32 A4232 A4 CARDIFF M5 CHIPPENHAM Cardiff benefits from 21 million tourists CARDIFF A4050 BRISTOL A4 AIRPORT BARRY A36 per annum, who boost local expenditure A370 BRISTOL BATH AIRPORT by almost £1.3 Bn a year, in addition to a WESTON-SUPER A39 -MARE sizeable student population. Many of the A36 70,000 students who study at the three M5 universities in the city opt to remain in the 22 city after graduating, attracted by the strong MINEHEAD jobs market. This reflects the presence of A39 A36 several large organisations, including PwC, N BRIDGWATER SALISBURY GLASTONBURY Legal & General, and Eversheds, who are For reference purposes only attracted by the highly-educated workforce, TAUNTON 57% of whom are qualified to degree level. 3 27 HIGH STREET CARDIFF Connectivity Bus The new bus station / interchange building has been Cardiff’s excellent transport connections are a significant catalyst approved with it expected to start on site this spring. in the city’s economic strength. Plans for a new £11 million bus station were approved by counsellors in late 2018, which will involve a 14 bay bus interchange. It is expected to be operational by 2021. Road The M4, accessed via Junction 32 4 miles to the north of the property, provides east-west links from London and Bristol in the Air east to the rest of South Wales in the west. It provides access to the WOODVILLE RD Cardiff InternationalKING EDWARD VII Airport,AVENUE located just 11 miles (18 km) M5 motorway via Junction 20, which leads north to Birmingham and SOPHIA WALK MUSEUM PLACE GLAMORGAN south west of the city, offers directNATIONAL flights toPA R K Lover A N E MUSEUM AVENUE COUNTY MUSEUM the wider Midlands region. The Second Severn Crossing that joins CRICKET CLUB & GALLERY B 4 2 6 1 75 international destinations. CARDIFF Wales and England, now renamed the Prince of Wales Bridge saw ST ANDREWS LANE WELSH WELSH COLLEGE OF C I T Y R D MUSIC & DRAMA N O R T H R O A D the abolition of tolls into Wales as of December 2018, this will benefit INSTITUTE ST ANDREWS PLACE CITY HALL PA R K P L A C E T H E WA L K OF SPORT 25 million drivers into Wales and we expect increase visitor numbers W E S T G R O V E SOPHIA CLOSE CITY HALL RD E A S T G R O V E LAW GORSEDD GARDENS RD and bring new occupiers to the South Wales market. COURTS T H E PA R A D E DUMFRIES LN G L O S S O P R D COOPERS FIELD TA L B O T S T DUMFRIES PLACE A 4 7 0 S T U T T G A R T E R STRASSE W I N D S O R P L BOULEVARD DE NANTESKINGSWAY A4161 TO NEWPORT PA R K L A N E A 4 8 & M 4 PA R K P L A C E H O WA R D P L CATHEDRAL RD A4119 N A470 (A469) TO CAERPHILLY & M4 Rail HAMILTON ST SOPHIA 27 High Street NEWPORT ROAD LANE GARDENSFor reference purposes only CF10 1PU G R E Y F R I A R S R O A D WINDSOR LANE A 4 1 6 1 NEWPORT RDFITZALAN A4161 PLACE Cardiff Central station, situated 0.4 miles (600 metres) to the south of T H E F R I A R Y FITZALAN RD A D A M S T O W N KINGSWAY the property, is well served by the national rail network and was used STATION TERRACE QUEEN STREET QUEEN by 12.7 million passengers in 2015/16. It provides frequent services STREET CARDIFF CASTLE F I T Z A L A N P L A C E A4161 TO A48 an A4161 to Newport (12 minutes), Bristol (38 minutes), London Paddington (2 o AND M4 WEST MOIRA PLACE COWBRIDGE RD EAST LOWER CATHEDRAL RD QUEEN STREET FREDERICK ST CHARLES STREET BUTE PARK K N O X R D hours), and Birmingham New Street (2 hours). ST JOHN STREET NORTH EDWARD ST R AW D E N P L DUKE STREET C A S T L E S T R E E T CHURCHILL WAY RAWDEN MEWS HIGH STREET QUEEN'S CASTLE ARCADE WESLEY LANE W O M A N B Y S T MOIRA TERRACE N E V I L L E S T COLDSTREAM TCE HIGH ST ARCADE ARCADE WESTGATE STREET ST DAVID'S CENTRE Cardiff Queen Station, situated 0.5 miles (800 metres) to the east G R E E N S T M A R K S T W I N D S O R R D TRINITY STREET C H U R C H S T of the property, serves the local Valleys and numerous other local W O R KS I NT GD AVS T I D ' S BARRACK H A L L MILLENNIUM WALKWAY GUILDFORD ST DE BURGH ST B R O O K S T LANE CHURCHILL WAY destinations. It was used by 2.6 million passengers in 2015/16. R I V E R TA F F Q U AY S T A 4 1 1 9 CARDIFF G U I L D F O R D C R S A N D O N S T HILLS STREET B R I D G E S T R U G B Y C L U B D AV I D S T RIVERSIDE WESTGATE STREET GUILDHALL PL WHARTON STREET D AV I S S T MACHEN PLACE T H E H AY E S ADMIRAL CENTRAL LINK HQ UNIVERSITY OF D E S P E N S E R S T ST MARY STREET SOUTH WALES A £1.2 Bn Cardiff Capital Region deal was signed in 2016, £738 million C L A R E S T FITZHAMON EMBANKMENT A 4 2 3 4 N E V I L L E P L MOTORPOINT MORGAN ARCADE MARY ANNE ST ARENA of which has been committed to improving Cardiff’s rail connections C L A R E G D N S CRADDOCK ST GLOUCESTER ST A D A M S T to the surrounding towns and cities. Projects include the Valley Lines BT ROYAL ARCADE A 4 2 3 4 T O TOWER HAYES BRIDGE ROAD TREDEGAR ST CARDIFF BAY & M4 HAVELOCK ST C L A R E P L PLANTAGENET ST Electrification programme, and the South Wales Metro Scheme. DESPENSER PLACE BEAUCHAMP ST FITZHAMON LANE PARK STREET ST MARYCAROLINE STREET STREET MILLENNIUMS C O T T R D HMRC GREAT WESTERN LANE PLAZA BUTE TERRACE M I L L L A N E E L L E N S T MARRIOTT T Y N D A L L S T T U D O R S T CENTRAL SQUARE DEVELOPMENT CUSTOM HOUSE ST CAPITAL QUARTER T U D O R L A N E BUTE STREET T Y N D A L L S T 4 SCHOONER WAY SAUNDERS ROAD W H A R F R D E CENTRAL PENARTH ROAD H E R B E R T S T TRAIN STATION CRICHTON STREET LLOYD GEORGE AVE - A470 P E N D Y R I S S T BRIGANTINE PL R I V E R TA F F CRICHTON STREET LLANSANNOR DR S.A.BRAIN & CO LTD A4160 TRESILLIAN WAY BREWERY t 27 High Street 27 HIGH STREET CARDIFF CARDIFF CF10 1PU 1 & 2 Central Square Central Train Station National Principality Stadium Cardiff Blues New BBC HQ Stadium New HMRC Holiday Inn Central Square Scheme Bar 44 The Angel Hotel WRU Hotel Gin & Juice Bar Assador 44 Potted Pig Alchemist Bar Turtle Bay Libertine Bar Rum & Fizz Bar Pizza Express St Davids SD2 Fly by Night Cardiff Castle Shopping Centre House of Fraser Cardiff Market Corner Coffee Juniper Place Botanist Honest Burger Queen’s Arcade 5 27 HIGH STREET CARDIFF N CARDIFF CASTLE For reference purposes only Retailing in Cardiff Cardiff is the region’s premier shopping destination, boasting one of the strongest and most extensive retail offers in the UK.