Stuart Close Trade Park, Cardiff

Highly Reversionary, Multi-let Trade Park

• 10 units ranging from 5,400 to 17,800 sq ft
• Occupied by 5 trade tenants with strong covenants
• Prominent location on Penarth Road which is a busy arterial road and prime mixed use commercial location
• Nearby occupiers include Screwfix, National Tyres, Dreams, Hancock Cash & Carry, Costa, Enterprise, Lok’n Store, Dacia, Renault, Scania, Hyundai, Kia, Sytner BMW, Lexus, Jaguar Land Rover and Royal Mail
• Aggregate rent of £474,144 per annum, reflecting a low average rent of £6.46 per sq ft
• Long WAULT of 15.4 years to expiry and 13.9 years to breaks
• Freehold with a small element of long leasehold

We are instructed to seek offers in excess of £6,650,000, subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 6.64%, a reversionary yield of 9.14% and a low capital value of £90.65 per sq ft, assuming purchaser’s costs of 7.47%.