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Llangrandy Retail Parade Llangranog Rd 6,014 SF 100% Leased Retail Building Cardiff CF14 5BL $932,674 ($155.08/SF) 6.05% Cap Rate
EXECUTIVE SUMMARY
Freehold held under title number CYM819683. We understand a new title number for the access road and land to the rear will be created on completion of the sale.
We are instructed to seek offers in excess of £700,000 exclusive of VAT. This reflects a net initial yield of 9.39% after allowing for standard purchaser costs of 6.05%. This assumes the transaction will not be a TOGC. The price breaks back to a low capital value of £52 per sq ft.
We are instructed to seek offers in excess of £700,000 exclusive of VAT. This reflects a net initial yield of 9.39% after allowing for standard purchaser costs of 6.05%. This assumes the transaction will not be a TOGC. The price breaks back to a low capital value of £52 per sq ft.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
6,014 SF
Building Class
B
Year Built
1950
Price
$932,674
Price Per SF
$155.08
Cap Rate
6.05%
NOI
$56,427
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
2.73 AC
Parking
18 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
155’ on Llangranog Road
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NEARBY MAJOR RETAILERS
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Llangrandy Retail Parade | Llangranog Rd
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