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87 Queen St 15,080 sq ft 100% Let Office Property Cardiff CF10 2BE £1,760,000 (£116.71/sq ft) 7.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Five-storey Victorian building
- Good transport links
- Mixed-use property
EXECUTIVE SUMMARY
The property comprises a five-storey Victorian building providing retail accommodation at ground and basement levels with three additional floors on the upper parts The ground floor is arranged as two well-configured retail units, benefitting from a prominent frontage onto Queen Street and a substantial glazed return frontage onto Park Place. The adjoining unit, 2A Park Place, offers further retail space with a full-height glazed frontage. Access to the upper parts is provided via a dedicated side entrance on Park Place, adjacent to Greggs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
15,080 sq ft
Costar Property Class
B
Year Built/Renovated
1883/2007
Price
£1,760,000
Price per sq ft
£116.71
Yield
7.50%
NOI
£132,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
3,016 sq ft
Plot ratio
3.46
Total Plot Size
0.10 ac
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87 Queen St
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