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121-123 Queen Street & 40 Windsor Place

121-123 Queen Street & 40 Windsor Place, Cardiff, CF10 3BW

Summary

• LOCATION
  CITY CENTRE
• SITUATION
  PRIME PBSA, LEISURE, RETAIL PITCH
• SECTOR
  MIXED-USE / DEVELOPMENT
• EXISTING GIA
  27,547 SQ FT
• CONSENTED GIA
  37,052 SQ FT
• TENURE
  FREEHOLD
• CONSENTED DEVELOPMENT
  33 PRIVATE RESIDENTIAL UNITS
• PASSING RENT
  £245,375 PER ANNUM
• WAULT TO EXPIRY
  1.71 YEARS
• WAULT CERTAIN
  0.37 YEARS
• ASSET MANANGEMENT
  PBSA DEVELOPMENT STP
• PRICE
  £3,500,000
• EXISTING CAPITAL VALUE
  £127 PER SQ FT
• CONSENTED CAPITAL VALUE
  £94 PER SQ FT

More Information

• LOCATION HIGHLIGHTS

  Highly prominent corner site fronting Windsor Place and the pedestrianised Queen Street. Queen Street has long been established as Cardiff’s prime retail thoroughfare, which links the city’s three main shopping centres St David’s, The Capitol and Queen’s Arcade. Windsor Place is a key thoroughfare for students, linking Cardiff University’s campus to various halls of residence and the city’s prime retail street. The Property forms part of a pedestrian gateway into the city’s core and a convenience and food cluster, generating regular and significant footfall.

• DESCRIPTION HIGHLIGHTS

  The Property comprises a highly attractive four storey art deco mixed-use building providing prominent ground retail accommodation with return frontage and self-contained office upper parts. The office accommodation benefits from excellent natural light thanks to the building’s corner position and triple aspect views. The offices are fitted out to a modern specification.

• PLANNING HIGHLIGHTS

  Planning permission has been granted for the conversion of the upper office floors and construction of two additional levels to provide 33 fully private residential apartments. Retail accommodation will be retained across ground and lower ground floors. Significant potential exists to explore other uses such as Student Accommodation subject to the necessary consents.

Gallery

ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that:1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. November 2024