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Llangrandy Retail Parade Llangranog Rd 6,014 sq ft 100% Let Retail Property Cardiff CF14 5BL £700,000 (£116.40/sq ft) 6.05% Net Initial Yield
Executive Summary
Freehold held under title number CYM819683. We understand a new title number for the access road and land to the rear will be created on completion of the sale.
We are instructed to seek offers in excess of £700,000 exclusive of VAT. This reflects a net initial yield of 9.39% after allowing for standard purchaser costs of 6.05%. This assumes the transaction will not be a TOGC. The price breaks back to a low capital value of £52 per sq ft.
We are instructed to seek offers in excess of £700,000 exclusive of VAT. This reflects a net initial yield of 9.39% after allowing for standard purchaser costs of 6.05%. This assumes the transaction will not be a TOGC. The price breaks back to a low capital value of £52 per sq ft.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
6,014 sq ft
Costar Property Class
B
Year Built
1950
Price
£700,000
Price per sq ft
£116.40
Yield
6.05%
NOI
£42,350
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.05
Total Plot Size
2.73 ac
Parking
18 Spaces (2.99 Spaces per 1,000 sq ft Leased)
Frontage
155 ft on Llangranog Road
1 1
Nearby Major Retailers
1 of 5
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Llangrandy Retail Parade | Llangranog Rd
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