79-85 Queen St 35,089 SF 100% Leased Retail Building Cardiff CF10 2BE $3,151,110 ($89.80/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Let to WH Smith, Savers and Holland & Barrett
- Prime trading location
- Asset management potential
- UK’s strongest retail location
EXECUTIVE SUMMARY
We are instructed to seek offers in excess of £2,425,000 (Two Million, Four Hundred and Twenty-Five Thousand Pounds) subject to contract and exclusive of VAT which reflects a Net Initial Yield of 10.00% allowing for the usual purchaser’s costs.
PROPERTY FACTS In Escrow
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
35,089 SF
Building Class
B
Year Built
1960
Price
$3,151,110
Price Per SF
$89.80
Cap Rate
10%
NOI
$315,111
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.09
Lot Size
0.38 AC
Frontage
94’ on Queen Street
AMENITIES
- Security System
- Automatic Blinds
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
