Key Features

• Cardiff is the capital city of Wales and serves as the principal commercial, retail and administrative centre for South Wales.
• Prominently fronting the A48, one of the City’s busiest arterial routes and adjacent to a Tesco Extra, Cardiff University and Cardiff Metropolitan University campus.
• Scheme comprises a purpose-built retail park and light industrial totalling to a GIA of 103,438 sq ft, arranged across 9 units.
• Fully-let to a strong line-up of national tenants including Aldi, B&M, Club 3000, PureGym, Greggs and Screwfix.
• Well secured income, with 94% of the tenants rated by Dun & Bradstreet as having minimum to lower than average risk ‘A1-A2’.
• WAULT of approximately 7.0 years to tenant breaks and 8.0 years to expiry.
• Further rental growth security, 36% of income secured with index-linked reviews from Aldi, PureGym and McDonald’s.
• Total passing rent of £1,493,793 per annum which equates to an average of £14.44 per sq ft.
• Freehold site extending to approximately 7.35 acres.
• We are instructed to seek offers in excess of £20,550,000 (Twenty Million, Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. An acquisition at this level would reflect a Net Initial Yield of 6.75% and running yield in 2027 rising to 6.87% and 7.14% in 2029.
• This assumes Aldi, PureGym and McDonald's indexed linked rent reviews are agreed at 3% pa. Aldi & PureGym have two further increases after this and McDonald's annually. Pricing reflects standard purchaser's costs of 7.69% and a capital value of £199 psf.