Stuart Close Trade Park, Cardiff_Actifs en vente

Penarth Road, Cardiff, South Glamorgan, CF11 8QF, UK

Stuart Close Trade Park, Cardiff

Description de l'actif

Stuart Close Trade Park provides 10 units arranged across a terrace of trade/light industrial units (3A to 10 inclusive) and a pair of semi-detached units (1&2), totalling 73,356 sq ft gross internal areas (GIA).

...

Caractéristiques de l'actif

Prix attendu

7 893 000 €

Surface de l'actif brut

6 815 m²

WALT

13.9 années

Média

Points clés d'investissement

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%.