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.

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

NEARBY MAJOR RETAILERS

Tim Hortons
Costa Coffee
Coffee #1
Starbucks
Caffe Nero
chaiiwala
Iceland
Bank of Scotland
HSBC
Lloyds Bank
  • Listing ID: 34884233

  • Date on Market: 2/20/2025

  • Last Updated:

  • Address: 1-4 Wellfield, Cardiff CF24 3PJ