The Globe Centre 1-4 Wellfield 3,322 SF Retail Building Cardiff CF24 3PJ $1,051,575 ($316.55/SF)
INVESTMENT HIGHLIGHTS
- Nationally known occupier
- Net initial yield of 7.28%
- New 5 year FRI lease from 22nd December 2022
EXECUTIVE SUMMARY
The property is long leasehold for a term of 999 years from 3rd September 2002 at a peppercorn rent.
Lloyds Bank have been in occupation since 1986. The year ended 31st December 2023, Lloyds Banking Group Plc reported a turnover of £51,253,000,000, pre-tax profit of £7,503,000,000 and a net worth of £38,858,000,000.
Lloyds Bank have been in occupation since 1986. The year ended 31st December 2023, Lloyds Banking Group Plc reported a turnover of £51,253,000,000, pre-tax profit of £7,503,000,000 and a net worth of £38,858,000,000.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Bank
Building Size
3,322 SF
Building Class
B
Year Built
1986
Price
$1,051,575
Price Per SF
$316.55
Tenancy
Single
Building Height
2 Stories
Building FAR
1.01
Lot Size
0.08 AC
AMENITIES
- 24 Hour Access
1 of 1
NEARBY MAJOR RETAILERS
