Elfed House, Oak Tree Court, Mulberry Drive, Cardiff
Cardiff, CF23 8RS

Cardiff Gate Business Park (CGBP) is located on Junction 30 M4 motorway and is recognised as the largest and premier Business Park in Cardiff. CGBP has a wide range of occupiers thereon ranging from national, regional and local professional businesses, medical practices, D1 users (churches), Educational Providers, Car Showrooms, a Restaurant and a large motorway service station that includes a hotel. Occupiers on CGBP include Redrow, SSE, Molson Coors, Royal College of Nursing, Credit Safe, Regus, Volvo, Mercedes Benz, Audi, Welcome Break Service Station and others.

Description

Elfed House is a modern 2 story office with raised floors, suspended ceiling with recessed lighting and air conditioning throughout. There are staff areas and WC’s on both floors and 28 dedicated car park spaces within the building demise. The ground floor accommodation has recently been fully and extensively refurbished as part of the tenants ongoing commitment to the property.

The specification includes;

• Modern Self Contained Office.
• Excellent accessibility on Cardiff Gate Business Park.
• Significant recent tenant investment to ground floor.
• Let to MacIntyre Hudson LLP until 2033 (subject to Tenant break in 2028).
• Low rental base at £80,000 (£12.65 per sq.ft).
• Guaranteed RPI rental increase at June 2028 review.
• Ideal small investor/SIPP purchase at £715,000.
• Attractive NIY of 10.68% (£113 per sq.ft CV).

Proposal

We are seeking offers in excess of £715,000 (Seven Hundred and Fifteen Thousand Pounds), subject to contract and exclusive of VAT, to show a NIY of 10.68% assuming costs of 5.68%. A purchase at £715,000 equates to a CVft of £113ft.

Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.