Units 1-7, Tremorfa Industrial Estate, Cardiff

Rover Way, Cardiff, CF24 5SD

Descrição

JLL are pleased to market Units 1-7, Tremorfa Industrial Estate, Cardiff, CF24 5SD.

This is a unique opportunity to acquire an industrial asset strategically positioned in a prime location within Cardiff.

The property is a modern terrace of seven flexible units, ranging from 1,660 sq ft to 4,142 sq ft, with a GIA of 19,867 sq ft across a self-contained site of 0.78 acres, with dedicated loading and parking areas. The units are 86% occupied, generating an annual rent of £173,055 from five tenants, with a current WAULT to expiry 4.31 years. There is currently strong interest in the vacant unit which presents an opportunity to further diversify and grow the income.

Strategically located just 2.5 miles from Cardiff city centre, the estate benefits from its proximity to major infrastructure, including junctions J29, J32 and J33 of the M4 Motorway, Cardiff Central rail services, and future enhancements via the Cardiff Crossrail project. The Port of Cardiff which is situated nearby, is a pivotal trade hub and a major economic driver for Wales.

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Atributos

Área de construção líquida

1.846 m²

Ocupação

86%

Preço pedido

€ 2.484.000

Número de unidades

Net Initial Yield

7.5%

Media

Destaques do investimento

Located in Cardiff, in an established industrial area, only 2.5 miles from the city centre
Prominent frontage to Rover Way, which is a main arterial route
Modern terrace of 7 units, with allocated loading and parking areas
19,867 sq ft GIA on a self-contained site of 0.78 acres
Flexible units ranging between 1,660 sq ft and 4,142 sq ft, with ancillary offices and WC's
Let to 5 tenants at a marketing rent of £173,055 per annum
One fully refurbished vacant unit of 2,708 sq ft, with current occupier interest
Ability to further improve rental tone through asset management and new letting
Freehold

We are instructed to seek offers in the region of £2,160,000 (Two Million One Hundred and Sixty Thousand Pounds) subject to contract and exclusive of VAT.

A purchase at this level reflects a Net Initial Yield of 7.50% and a capital value of £108.72 per sq ft, assuming standard purchaser's costs of 6.77%