Summary - Unit 1-4,The Globe Centre,Wellfield Road,Cardiff,CF24 3PJ CF24 3PJ
1 bed 1 bath Retail Property (high street)
Secure income from a long‑standing national tenant in a bustling student area.
Occupier: Lloyds Bank in situ since 1986, secure trading history
Large commercial area: c.3,322 sq ft with 39ft prominent frontage
Long leasehold: 999 years from 03/09/2002, peppercorn ground rent
VAT elected; sale anticipated as a Transfer of a Going Concern (TOGC)
Location: high footfall student/cosmopolitan neighbourhood, many nearby retailers
Area negatives: very deprived locality and high recorded crime levels
Operational details: ground banking hall plus first-floor staff/ancillary space
No flood risk; excellent mobile signal and fast broadband speeds
A substantial town-centre retail investment arranged over ground and first floors, entirely occupied by a long-standing Lloyds Bank tenant since 1986. The unit extends to about 3,322 sq ft with a wide 39ft frontage on Wellfield Road, benefitting from strong local retail neighbours and frequent pedestrian traffic in a busy student and cosmopolitan neighbourhood.
This is offered as a long leasehold interest — a 999-year term from 3 September 2002 at a peppercorn rent — and is VAT-elected. The vendor expects the sale to be treated as a Transfer of a Going Concern (TOGC), so the sale is presented as an income-producing asset with an established covenant and operational continuity.
Investors should note material location factors: the area is classified as very deprived with a high recorded crime level and a strong student population, which can drive footfall but also creates seasonal and demographic trading patterns. There are no flood risks recorded; mobile and broadband connectivity are strong.
This property suits a purchaser seeking secure rental income from a national bank with potential long-term active value through location-led demand or future reconfiguration, but it is not a hands-off rural or low-risk suburban asset given local social and crime statistics.
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