Regus, Cardiff Gate International Business Park

Malthouse Avenue, Cardiff, CF23 8RU, UK

묘사

The property comprises a high-quality, modern office building arranged in two wings, over ground to second floors, linked by a central service core. The building is of steel framed construction, with brick/block elevations under pitched roofs. The main office floorplates are of approximately 3,150 sq ft and provide flexibility to split into smaller suites, with male/female WCs on each floor, kitchenettes and shower room facilities. The tenant’s fit-out as a serviced office centre provides cellular suites, accessed via central corridors. The service core provides a generous ground floor reception, with central breakout areas on the upper floors, a stairwell and an 8-person 640 kg passenger lift. The specification includes suspended ceilings, recessed LED lighting, raised carpeted floors, plastered/painted walls, a HVAC air-conditioning system with BMS, powder coated double glazed window/doors and an automatic entry door.

The site is landscaped with tarmacadam access roads and concrete pavioured car parking spaces.

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개요

건물 면적 순

1,888 제곱미터

점유율

100%

WAULT

6 년

요청 가격

₩5,968,361,000

미디어

투자 하이라이트

High-yielding, single let office investment
Prominent building at the entrance of Cardiff Gate International Business Park
Strong and established out of town commercial location
Adjacent to J30 of the M4 Motorway, north of Cardiff city centre
Surrounding occupiers include SSE, Travelodge, Welsh Government, Royal College of Nursing, Vinci, Cardiff Audi, Molson Coors, Volvo and Sinclair Mercedes-Benz
Modern, open plan office building totalling 20,325 sq ft (1,888.2 sq m) NIA over three floors
79 car parking spaces (1:257 sq ft)
Approximate site area of 1.45 acres (0.59 hectares)
An adjacent development site is potentially available by separate negotiation
Single let to Cardiff Gate BP Centre Limited for a term of 10 years from 25 March 2022
Guaranteed by Regus Holdings Plc
Unexpired term of 6 years
Strong trading business centre
The annual rent is the aggregate of 60% of the Market Rent (£192,855.60 pa) and a Variable Rent based on a proportion of Gross Revenue.
The annual rent equated to £356,889.60 per annum (£17.56 per sq ft) in 2025.
Freehold

We are instructed to seek offers in the region of £3,000,000 (Three Million Pounds) subject to contract and exclusive of VAT.

A purchase at this level, based on the annual rent, reflects a Net Initial Yield of 11.11% assuming standard purchaser’s costs of 7.06%, and a low capital value of £147.60 per sq ft.