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AGENT'S DETAILS


MERIDIAN COURT, NORTH ROAD, CARDIFF, CF14 3BL

For sale: £850,000.00|8811 - 12789 Sq Ft|Office, Residential, Offices

PROPERTY DETAILS

FOR SALE£850,000.00
SIZE8811 - 12789 Sq Ft
ADDRESSMeridian House North Road, Cardiff, CF14 3BL
TYPEOffice, Residential, Offices
TENUREFor Sale Leasehold
POSTED ON4th March 2020

DESCRIPTION

Prominent 4 Storey Office Building With On-Site Car Parking
Adjacent to Gabalfa fly-over
Total Net Internal Area 819 Sq.M. (8,811 Sq.Ft.)
Frontage Onto A470 North Road
Excellent Access To A48

Location (CF14 3BL)
The property is located on A470 North Road, one of the main arterial routes into Cardiff from the north. It is strategically positioned just south of the Gabalfa interchange which links the A470 with the A48 Western Avenue. It is approximately 2 miles north of Cardiff city centre.

The immediate area is mixed, with a parade of retail units Wales & West Housing Association, St Marks church, and is at the intersection of the residential areas of Cathays, Heath, Mynachdy, and Gabalfa. The location of the property and its road prominence does lend itself to potential alternate uses.

Description
The property comprises a relatively modern 4 storey semidetached office block which currently provides a series of meeting/consultancy rooms, offices, plus amenities:
brick/block cavity construction with pitched roof; 
internal walls of block and timber stud partitioning; 
generally suspended grid ceilings in. lighting; 
carpet tiles floor coverings; 
double glazed windows and doors - replaced 2014; 
2x. passenger lifts & 2x. central staircases; 
air-conditioning facilities; 
27 allocated and marked car parking spaces to the rear

Mains Services
We understand that mains services are available, including electricity, water, and drainage. Mains gas has been disconnected.

User
The property is currently used as an office although it may be suitable for may be suitable for other uses such as conversion to flats/residential accommodation.

Purchasers are advised to seek advice and guidance from the local planning authority. Energy Performance Certficate (EPC) To be assessed.

Accommodation
Ground Floor 1,275 sq ft
First Floor 1,472 sq ft
Second Floor 3,498 sq ft
Third Floor 2,721 sq ft.
TOTAL NIA 8,977 sq.ft. / TOTAL GIA 12,789 sq ft

Rateable Value (2017)
The property has a rateable value of £83,500. The current rates payable (2019/2020) is c. £43,921 pa.

Tenure
The property is held by way of a 999 year lease from 1994 at the annual rent of one peppercorn.

Terms
We are instructed to invite offers in the region of £850,000 for our clients long leasehold interest with vacant possession.

Business Support For further information please contact:
Welsh Assembly Government (Business Wales) on 03000 60 3000 www.businesswales.gov.wales
Cardiff Council on 029 2087 2087 www.cardiff.gov.uk or ‘Invest In Cardiff on (029) 2078 8560 invest@visitcardiff.com

Legal Costs
Each party are to be responsible for their own legal costs incurred in this matter.

VAT
All figures quoted are exclusive of VAT.

Viewing
For further information or to arrange an inspection please contact the sole agents:

LOCATION

Location: Meridian House North Road, Cardiff, CF14 3BL

Heath High Level (1.0 miles)

Heath Low Level (1.1 miles)

Cathays (1.3 miles)

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