Mon, 18 Oct 2021 | COMMERCIAL PROPERTY
Office building units located in the Cardiff Gate Business Park are being marketed for sale with a price tag of £5.2 million. The properties are unit 2A Oaktree Court, a three-storey unit covering 6,522 sq ft, and four units located at Copse Walk, which total 32,550 sq ft.
The sale represents an 8.63 per cent initial yield and £134 per sq ft capital value. The offices generate annual income of close to £482,000, with 93 per cent of the properties currently let or under offer.
Current occupiers include the Royal College of Nursing of the United Kingdom, Advanced Medical Simulation Online and European Scanning Centre (Harley Street). Both of the properties feature car parking facilities.
The properties are being marketed for sale by specialist property advisory Savills on behalf of the Cardiff Gate Business Park.
Ross Griffin, Director at Savills Cardiff’s UK investment division, commented: “This is an exciting opportunity to acquire a multi let office investment underpinned by the Royal College of Nursing on the premier business park in South Wales.”
Griffin added: “The properties have a secure steady income with asset management potential and is likely to attract strong interest from investors.”
One of the best ways to find properties below market price is to look at recent administrations.
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