Market Buildings, 5/7 St Mary Street, Cardiff
Cardiff, CF10 1AT

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Graham Davies

The Agent

Graham Davies
Director

02920 346371
Nick Lawley

The Agent

Nick Lawley
Director

02920 346333
Brochure

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Specification

  • INVESTMENT GENERAL, INVESTMENT OFFICES, INVESTMENT RETAIL
  • 21,196 sqft (1,969 sqm)
  • For sale
  • £1,750,000
  • SOLD

Description

- High yielding retail and office investment opportunity in the heart of Cardiff city centre

- Prominent location on St Mary’s Street, one of Cardiff’s most popular retail and leisure pitches

- The property provides 4 ground floor retail units, office accommodation on upper parts and a basement night club.

- Opportunities to add value and alternative use angles

- Current net rent of £188,328 per annum

- Long leasehold

- We are instructed to seek offers in excess of £1,750,000 (One Million Seven Hundred and Fifty Thousand) subject to contract and exclusive of VAT for our clients leasehold interest.

- A purchase at this level would reflect a net initial yield of 10.13%, assuming purchase costs of 6.2%.

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.

Cooke & Arkwright have been providing Newport City Council with rating advice for over 20 years. Andrew, Jane and Huw provide a personal and professional service and have an excellent knowledge of the Council’s assets which has enabled the Council to achieve substantial rate savings. A useful service offered is the status report which provides us with a snapshot of what appeals have been made and appeals outstanding throughout the life of the List. I would recommend Cooke & Arkwright Rating Services to any company wishing to procure up-to-date and professional rating advice.

Eirian Jones, Estates Team Leader, Newport Norse