Lloyds Bank, 1-4 Wellfield Road, Cardiff CF24 3PJ

Property Details: • Type: 3,322 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Investment Property. Whole occupied by Lloyds Bank since 1986 • Seeking offers of £775,000 Tenure Long Leasehold subject to the occupational leases • Term of 999 years from 3rd September 2002 at a peppercorn rent

Location: • Nearest Station: Cathays Station • Distance to Station: 0.7 miles

Agent Information: • Address: Park Place, Cardiff, CF10 3BA

Full Description: Cardiff, the capital city of Wales, has a population of some 485,000 and is a thriving retail and commercial centre. The property is located on Wellfield Road, 1 mile north west of Cardiff City Centre, close to its junction with Albany Road. Occupiers in Wellfield Road include Caffe Nero, Tesco Express, HSBC, Subway, Greggs, Coffee #1, and Lloyds Pharmacy amongst many local retailers.

The property is arranged on ground and one upper floor to provide a ground floor banking hall with first floor staff and ancillary accommodation.

Lloyds Bank have been in occupation since 1986. The year ended 31st December 2023, Lloyds Banking Group Plc reported a turnover of £51,253,000,000, pre-tax profit of £7,503,000,000 and a net worth of £38,858,000.

We are advised the property has been elected for VAT and it is anticipated the transaction will be treated as a Transfer of a Going Concern (TOGC).

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