Trade Collective Estate, Womanby Street, Cardiff
Cardiff, CF10 1BR

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Nick Lawley

The Agent

Nick Lawley
Director

02920 346333
Brochure

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Specification

  • INVESTMENT OFFICES
  • 0 - 43,485 sqft (0 - 4,040 sqm)
  • For sale
  • £8,650,000

Description

Located in Cardiff, the capital city and primary economic centre for Wales.

Situated in an exceptional position in the City Centre in close proximity to Cardiff Central Station, Cardiff Central Square, St David’s 2 Shopping Centre and The Hayes,
Cardiff Castle and Principality Stadium.

Positioned on Womanby Street, the Trade Collective estate investment comprises of a highly desirable heritage office estate providing a range of office suite sizes for small and medium size business across sectors.

Freehold

Four office buildings totalling 43,845 sq ft.

A comprehensive refurbishment program has been completed on three of the buildings providing high quality office space on a mixture of CAT A, inclusive flexible leasing and CAT A+ fitted space.

Total rent passing of £753,310 per annum (£17.18 per sq ft) (£725,564 per annum net of deductions)

WAULTC 3.13 years WAULT 5.33 years

Opportunities to unlock reversion and add value through continuation of refurbishment program in remaining building.

Low capital value of only £197 per sq ft

We are instructed to seek offers in excess of £8,650,000 (Eight Million Six Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7.8%, and a capital value of £197 per sq ft assuming purchasers costs of 7.55%.

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 looked after our property assets in South Wales for many years. Their knowledge of the South Wales market coupled with enthusiasm and willingness to go the extra mile has ensured we keep ahead of the market.

James Rodge, Rockspring