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100 Cowbridge Rd E 1,569 sq ft Retail Property Cardiff CF11 9DX £320,000 (£203.95/sq ft)
Executive Summary
INVESTMENT SUMMARY
· Mixed retail and residential investment – single let investment to Canton Optical Limited for a term of 15 years from April 2017
· Highly reversionary single let investment – the tenant is no longer trading from the ground floor providing a potential opportunity to negotiate a Lease Surrender
· The existing passing rental is £24,000 pax – in our opinion the current ERV is in excess of £33,000 pax allowing a strong rental uplift subject to re-letting the ground floor retail unit and renewing the flat tenancies at market rents.
· Excellent investment or owner-occupier opportunity – asset management potential
· Cowbridge Road East is located less than 1 mile from Cardiff City Centre – very popular suburb location with a strong line up of national and local business operators trading on Cowbridge Road East with a low vacancy rate.
· Potential opportunity for further residential development at the rear of the site – subject to planning
· We are instructed to seek offers in excess of £320,000 for the Freehold interest, which would reflect an estimated Reversionary Yield of c. 10% +
· Mixed retail and residential investment – single let investment to Canton Optical Limited for a term of 15 years from April 2017
· Highly reversionary single let investment – the tenant is no longer trading from the ground floor providing a potential opportunity to negotiate a Lease Surrender
· The existing passing rental is £24,000 pax – in our opinion the current ERV is in excess of £33,000 pax allowing a strong rental uplift subject to re-letting the ground floor retail unit and renewing the flat tenancies at market rents.
· Excellent investment or owner-occupier opportunity – asset management potential
· Cowbridge Road East is located less than 1 mile from Cardiff City Centre – very popular suburb location with a strong line up of national and local business operators trading on Cowbridge Road East with a low vacancy rate.
· Potential opportunity for further residential development at the rear of the site – subject to planning
· We are instructed to seek offers in excess of £320,000 for the Freehold interest, which would reflect an estimated Reversionary Yield of c. 10% +
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,569 sq ft
Costar Property Class
B
Year Built
1965
Price
£320,000
Price per sq ft
£203.95
Tenancy
Single
Number of Floors
3
Frontage
21 ft on Cowbridge Rd E
Amenities
- Security System
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Helen Jenkyn Optician
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Helen Jenkyn Optician | Health Care and Social Assistance | - | - | - |
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100 Cowbridge Rd E
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