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Meddygfa Albany Surgery 219-221 City Rd 8,121 sq ft 100% Let Retail Property Cardiff CF24 3JD £1,950,000 (£240.12/sq ft) 9.36% Net Initial Yield

INVESTMENT HIGHLIGHTS
- Units are fully let on long term contracts
- Purpose built GP surgery and pharmacy building with residential above
- The freehold is available
EXECUTIVE SUMMARY
Constructed in 2009, this purpose-built GP surgery and pharmacy spans three levels: ground, first, and second floors. The property is mid-terraced, featuring cavity brick elevations beneath a pitched slate roof.The ground floor includes a self-contained pharmacy with large frontage, a dedicated entrance
to the surgery, and an electric roller shutter providing access to the rear undercroft car park, which offers 17 parking spaces.The first and second floors accommodate the GP surgery, comprising a reception area, consultation rooms, training rooms, kitchen facilities, and WCs on each level. The building is fully DDA compliant, incorporating a passenger lift and accessible WC’s. The first and second floors have air conditioning to part.
to the surgery, and an electric roller shutter providing access to the rear undercroft car park, which offers 17 parking spaces.The first and second floors accommodate the GP surgery, comprising a reception area, consultation rooms, training rooms, kitchen facilities, and WCs on each level. The building is fully DDA compliant, incorporating a passenger lift and accessible WC’s. The first and second floors have air conditioning to part.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
8,121 sq ft
Costar Property Class
B
Year Built
2009
Price
£1,950,000
Price per sq ft
£240.12
Yield
9.36%
NOI
£182,604
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Parking
16 Spaces (1.97 Spaces per 1,000 sq ft Leased)
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NEARBY MAJOR RETAILERS
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Meddygfa Albany Surgery | 219-221 City Rd
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