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The Globe Centre 1-4 Wellfield 3,322 SF 100% Leased Retail Building Cardiff CF24 3PJ $1,034,382 ($311.37/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
$1,034,382
Price Per SF
$311.37
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.01
Lot Size
0.08 AC
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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The Globe Centre | 1-4 Wellfield
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