Property Information
Address:
16 Queen Street, Cardiff, CF10 2BU
, CF10 2BU
Price: Property no longer available.
Size: 5209 sq ft483 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH589645
Property Ref/Agent: 16 Queen Street, Cardiff, CF10 2BU - 100011032
*Please use the agent ref when calling the agent directly.
Property description
- Retail investment opportunity in Cardiff city centre
- Cardiff ranked 6th best UK retail destination in the PROMIS Best UK retailing Centres.
- Prominent location on Queen St, a prime retail location.
- Property provides accommodation over four floors: basement, ground floor retail and two upper floors.
- Let to The Works with 5 yrs unexpired.
- Current rent of £88,000 per annum.
- Freehold.
- We are instructed to seek offers of £1,277,000 (One Million Two Hundred and Seventy Seven Thousand) subject to contract and exclusive of VAT for our client's freehold interest.
- A purchase at this level would reflect a net initial yield of 6.5%, assuming purchaser costs of 5.98%.
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