8 Queen Street

Cardiff, CF10 2BU

4,084 sq ft

Prime retail unit located in the heart of Cardiff city centre

Summary

Freehold
Prominent retail building at the junction of St John Street and Queen Street, both of which are pedestrianised
Single let to Blue Banana Retail Ltd on a new 10 year lease expiring on 6th November 2035 with a tenant only break in the 5th year (circa 4.5 years term certain)
Current total annual passing rent of £37,500 per annum with a fixed uplift to the full rent of £75,000 per annum from 7th March 2027. Vendor to top up to the fixed uplift from the point of sale
Totalling 4,084 sq ft NIA over basement, ground and two upper floors
Offers are invited in excess of £800,000 (Eight Hundred Thousand Pounds), subject to contract and exclusive of VAT. Pricing at this level reflects a net initial yield of 8.77% and a capital value of £190 psf

Accommodation

The accommodation comprises the following areas:

Name	sq ft	sq m
Basement	1,253	116.41
Ground	1,322	122.82
1st	852	79.15
2nd	657	61.04
Total	4,084	379.42

Location

The property occupies a mid-terrace position fronting Queen Street, Cardiff’s prime pedestrianised retail destination. Queen Street benefits from exceptionally high footfall, drawing from both local residents and visitors as well as Cardiff’s significant student population and is home to leading national retailers including M&S, Matalan, Boots, Next and JD Sports, with the St David’s Shopping Centre (anchored by John Lewis) situated nearby.

The surrounding area has benefitted from major investment and regeneration, including the Central Square development (delivering over 1.5 million sq ft of new office, residential and leisure space adjacent to Cardiff Central Station) and the new Cardiff Bus Interchange, which together will further enhance connectivity and reinforce Cardiff city centre as the commercial and cultural capital of Wales.

The property benefits from excellent transport links, lying within a 5-minute walk of Queen Street Station, which provides regular rail services across South Wales, including Newport and the South Wales Valleys. Cardiff Central Station, the city’s principal rail hub with direct connections to London Paddington, Bristol and Birmingham, is also within easy reach.

The property also enjoys strong road communications, with the A4232 and M4 motorway accessible in under 15 minutes, offering strategic links to Newport, Bristol and the wider South West. Numerous local bus routes serve the surrounding area, while cycle routes and pedestrian links provide further connectivity across the city. Cardiff Airport is located approximately 12 miles south-west, accessible both by road and direct rail link from Cardiff Central, offering a range of domestic and international flights.

Get directions from Google Maps

Mainline Stations

Cardiff Queen Street

7 mins
Cardiff Central

7 mins
Cathays

10 mins
Ninian Park

20 mins

Underground Station

Reading

1834 mins
Twyford

1924 mins
Maidenhead

2040 mins
Taplow

2075 mins

Further Information

Price Offers in excess of £800,000 (Eight Hundred Thousand Pounds) reflecting a yield of 8.77%

Rates Payable Upon Enquiry

Description

8 Queen Street comprises an attractive mid-terraced, four storey building arranged over ground, basement and two upper floors. The property is configured to provide a prominent ground floor retail unit with extensive glazed frontage onto Queen Street, together with self-contained upper floor accommodation.

The ground floor retail unit benefits from strong visibility and branding opportunities in a high footfall location, with a sales area at the front with three tattoo and piercing studios to the rear as well as a staff kitchen. The upper parts offer accommodation suitable for a further utilisation as tattooing / piercing studios. Currently they are used as staff breakout areas, WC facilities and ancillary storage space. The basement provides further storage space and could be refurbished to provide further sales space.

Planning

The property is situated within the City of Cardiff Council local authority area and sits within the Queen Street Conservation Area, but it is not listed.