- INVESTMENT OFFICES
- 0 - 43,485 sqft (0 - 4,040 sqm)
- For sale
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.
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.