ACT Cardiff Skills Hadfield Rd 26,700 SF Industrial Building Cardiff CF11 8AQ $2,035,002 ($76.22/SF) 7.52% Cap Rate
INVESTMENT HIGHLIGHTS
- Located just over 1 mile from Cardiff City Centre
- The property comprising of a single let industrial unit comprising of 26,700 sq ft (2,480 sq m)
- Situated on the well known and prominent Hadfield Road
EXECUTIVE SUMMARY
We are instructed to seek offers in excess of £1,500,000 (One million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level would reflect an attractive net initial yield of 7.52% and a low capital value of £56.17 per sq ft assuming purchasers costs of 6.36%.
The property is held long leasehold for a term of 125 years from 29th October 2001 at a peppercorn rent. The freehold is owned by Cardiff Council
A purchase at this level would reflect an attractive net initial yield of 7.52% and a low capital value of £56.17 per sq ft assuming purchasers costs of 6.36%.
The property is held long leasehold for a term of 125 years from 29th October 2001 at a peppercorn rent. The freehold is owned by Cardiff Council
PROPERTY FACTS
| Price | $2,035,002 |
| Price Per SF | $76.22 |
| Sale Type | Investment |
| Cap Rate | 7.52% |
| Tenure | Long Leasehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | B |
| Rentable Building Area | 26,700 SF |
| No. Stories | 1 |
| Year Built | 1998 |
| Tenancy | Single |
