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Retail / Catering Premises to Let
Cardiff is a fast-growing city with a population expansion of 4.7% across the past decade; this is anticipated to continue as large-scale housing developments take place across the metropolitan area. The wider Cardiff-Newport Metropolitan area has an estimated population of 1.1 million (ONS 2021). Current estimates state that Cardiff hosts 22 million tourists per year, and with a growing number of major sporting events and concerts taking place all over the city this is set to just further increase Cardiff’s profile both within the UK and abroad.
(Main picture: Holder Mathias architects)
Speak to one of our experts
Ian Newbury
Rhiann Fleming
Location
Cardiff Bus Interchange is located in the prestigious Central Square development in the heart of Wales’s capital city.
Description
The Cardiff Bus Interchange is a purpose-built bus station with 14 bays. The site has been strategically chosen to sit alongside Cardiff Central train station to promote a comprehensive intermodal travel network for Wales.
This will be a fully staffed interchange station to provide top quality service to all passengers as they move between destinations.
In addition to the dedicated interchange space the building will also be housing 100,000 square feet of Legal & General Office Space, as well as 318 private rental apartments. The central square connecting the bus and train station is pedestrian only, with dedicated taxi drop off points along the perimeter.
Agreement Details
The units are being offered on a new lease for a term to be agreed. The lease will be excluded from the security of tenure provisions of the 1954 Landlord & Tenant Act.
The lease will be subject to rent reviews every 3rd anniversary of the commencement date. The lease will not permit assignment or subletting.
The lease will otherwise be on the Landlord’s Standard Terms.
Rent
We are inviting offers for the rent to comprise a Minimum Guaranteed Rent supported by a turnover percentage. The guide MGRs are given in the marketing brochure.
This is an informal open market tender; each unit is tendered on an individual basis. Information and tender packs are available from Amey TPT upon request; information will also be available on the Sell2Wales portal.
Utilities
All units will be fitted out with 63 amp three phase electrical supply, water supply and drainage points. There will be no gas supply to the property.
The Tenant will be responsible for the costs of the utilities used in connection with their unit.
Service Charge
A service charge will be levied. Further information will be provided on application.
Other Costs
The incoming Tenant will be expected to pay the Landlord’s and Superior Landlord’s reasonable costs in connection with the granting of the lease.
All costs and outgoings are stated exclusive of but will be liable to VAT.
Rating
The incoming Tenant will be responsible for business rates for their unit. For further information please contact the Local Rating Authority.
Energy Performance
All units have valid EPCs available based on the shell specification. These will be reassessed once the fit-out works are completed and prior to any new letting.
Viewing
By special appointment with the sole letting agent Amey TPT. Please contact details below:
Ian Newbury
Ian.newbury@amey.co.uk
07568 137 049
Rhiann Fleming
Rhiann.fleming@amey.co.uk
07514 635 457
Ian Newbury
Portfolio Manager
Ian is a Chartered surveyor with General Practice experience working on the estate management of Station Portfolios and Infrastructure Assets. He has experience of working on a range of property types and land matters.
Ian joined Amey TPT in March 2019 to work on the Wales and Borders network initially on behalf of Keolis Amey Operations. His role includes station commercialisation, lease advisory services, property management, estate strategy to achieve the ambitious targets set by the grant agreement. He also provides support on the operational estate of the Train Operating Company which has seen a significant piece of work concluded with the demobilisation of KAO and transfer to Transport for Wales Rail Limited.
Following the transfer of the Core Valley Lines assets to Transport for Wales Ian also acts on behalf of the infrastructure manager Amey Infrastructure Wales (formerly Amey Keolis Infrastructure Limited) on land matters. This include management of the commercial estate and various other types of agreements which includes the maintenance of the estate boundary. The work has involved the development and implementation of a land clearance process as well as the challenge of various identified trespass and encroachment matters.
Call: 07568137049
Email: ian.newbury@amey.co.uk
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