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Elfed House Mulberry Dr 6,324 sq ft 100% Let Office Property Cardiff CF23 8RS £715,000 (£113.06/sq ft) 11.19% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Significant recent tenant investment to ground floor.
- Let to MacIntyre Hudson LLP until 2033 (subject to Tenant break in 2028).
- Modern Self Contained Office.
EXECUTIVE SUMMARY
Elfed House is a modern 2 story office with raised floors, suspended ceiling with recessed lighting and air conditioning throughout. There are staff areas and WC’s on both floors and 28 dedicated car park spaces within the building demise. The ground floor accommodation has recently been fully and extensively refurbished as part of the tenants ongoing commitment to the property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
6,324 sq ft
Costar Property Class
B
Year Built
2000
Price
£715,000
Price per sq ft
£113.06
Yield
11.19%
NOI
£80,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
3,162 sq ft
Floor To Floor Height
10 ft
Parking
15 Spaces (2.37 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Central Heating
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Elfed House | Mulberry Dr
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