One Kingsway, Cardiff
One Kingsway, Cardiff, CF10 3AN, UK
¥3,364,594,000 | 6,352 sm
The 53,536 sq ft property was developed in 2009 and provides a modern Grade A office building which is arranged over seven floors with undercroft car parking. The building is rectangular in shape and benefits from a main service core containing a principal stairwell, two thirteen person lifts and male, female and disabled WC on each floor.
The building benefits from flexible, 1,000 sq ft to 9,565 sq ft floorplates which, allow for the creation of 1,000 sq ft to 4,000 sq ft suites. This aligns with the average deal size for the city over the 24 months to October 2023.
We are instructed to seek offers in excess of £10,000,000 (Ten Million Pounds) subject to contract and exclusive of VAT. Reflecting a Net Initial Yield of 10.71% and a low Capital Value of £187 psf, assuming purchaser's costs of 7.58%