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31-37 Lambourne Crescent 1,891 - 6,060 SF Office Condo Units Offered at $1,160,688 Per Unit in Cardiff CF14 5GG
Investment Highlights
- Two Storey Office Building
- Close to local amenities
- Popular Business Park
- Parking available
Executive Summary
The property comprises a self-contained office building set over two storeys providing open plan office accommodation. The property benefits from a specification including; carpet flooring; recessed lighting; double glazed windows; gas central heating; male & female WC facilities, and kitchen. The property also benefits from allocated parking spaces. The property is situated on Cardiff Business Park, an established commercial location approximately 5 miles north of Cardiff City Centre. The area benefits from good public transport links with regular bus services passing through Ty Glas Avenue and easy access to Parc Ty Glas Railway Station with services leading directly to Cardiff City Centre. The property also boasts good road links and is within a 7-minute drive of J32 of the M4, via the A470. Cardiff Lifestyle Shopping Park is within a short walking distance, which is host to numerous occupiers, including, M&S, Homesense, Boots and Starbucks. There is also a McDonald’s restaurant and Greggs takeaway within walking distance.
Property Facts
| Total Building Size | 16,686 SF | Typical Floor Size | 8,343 SF |
| Property Type | Office | Year Built | 1985 |
| Building Class | B | Lot Size | 0.46 AC |
| Floors | 2 | Parking Ratio | 4.2/1,000 SF |
| Total Building Size | 16,686 SF |
| Property Type | Office |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 8,343 SF |
| Year Built | 1985 |
| Lot Size | 0.46 AC |
| Parking Ratio | 4.2/1,000 SF |
Amenities
- Security System
- Energy Performance Rating - C
2 Units Available
Unit 32
| Unit Size | 1,891 SF | Tenure | Long Leasehold |
| Condo Use | Office | No. Parking Spaces | 7 |
| Sale Type | Owner User |
| Unit Size | 1,891 SF |
| Condo Use | Office |
| Sale Type | Owner User |
| Tenure | Long Leasehold |
| No. Parking Spaces | 7 |
Description
32 Lambourne Crescent comprises a selfcontained office building set over two storeys providing open plan office accommodation. The property benefits from a specification including; carpet flooring; recessed lighting; double glazed windows; gas central heating; male & female WC facilities, and kitchen. The property also benefits from 7 parking spaces.
Sale Notes
The property is available to let for a term to be agreed. Alternatively, the long leasehold interest (999 years from 1 October 2021). Rent and Price on application.
Unit 32 Lambourne Crescent
Unit 32 Lambourne Crescent
Unit 32 Lambourne Crescent
Unit 35-37
| Unit Size | 6,060 SF | Sale Type | Investment |
| Price | $1,160,688 | Tenure | Long Leasehold |
| Price Per SF | $191.53 | Cap Rate | 8.02% |
| Condo Use | Office | NOI | $93,087.16 |
| Unit Size | 6,060 SF |
| Price | $1,160,688 |
| Price Per SF | $191.53 |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 8.02% |
| NOI | $93,087.16 |
Description
The property comprises a self-contained semi-detached ground and first floor office building within a courtyard office environment with dedicated car parking.
The building has been fitted out as a specific Children’s Nursery use, but provides the following general specification:
- Suspended ceilings
- Recessed lighting
- Carpeted floor coverings
- Upvc double glazing
- Gas central heating
- Male, Female and disabled WC facilities
Kitchen facilities on each floor
Sale Notes
We are instructed to seek offers in excess of £860,000 (Eight hundred sixty
Thousand pounds) subject to contract and exclusive of VAT.
A purchase at this level would reflect an attractive net initial yield of 8.02% and a low capital value of £142 per sq ft assuming purchasers costs of 5.46%.
The property is held long leasehold for a term of 999 years from 24th March 1995 at a peppercorn rent.
The property is let to Daisy Day Nurseries ltd (company number 04909472) on a 15 year lease from 18/09/2019. The lease expiry is 12/09/2034. The passing rent is £72,720 per annum (£12 per sq ft). The reviews are to OMV with the next review 2029. The tenant has recently removed both of their break options showing their commitment to the site and the strength of their trading.
Unit 35 – 37 Lambourne Crescent
Unit 35 – 37 Lambourne Crescent
Unit 35 – 37 Lambourne Crescent
Unit 35 – 37 Lambourne Crescent
Unit 35 – 37 Lambourne Crescent
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31-37 Lambourne Crescent
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