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Renold plc Newlands Rd

51,800 SF Industrial Building Cardiff CF3 2EU $3,929,024 ($76/SF) 6.50% Cap Rate

Warehouses South Glamorgan Cardiff Newlands Rd, Cardiff, VGL CF3 2EU

Executive Summary

The subject property is single let to Renold Power Transmission Limited (with a guarantee from Renold PLC) with 11 years unexpired producing a current rent of £218,750 per annum.
Seeking offers in excess of £3,100,000. A purchase at this level will reflect a net initial yield of 6.50% and a potential reversionary yield of circa 8.50% in December 2025, as well as a low overall cap value of £59.85 psf.

Attachments

Brochure

Property Facts

Price $3,929,024 Building Class B
Price Per SF $76 Rentable Building Area 51,800 SF
Sale Type Investment No. Stories 1
Cap Rate 6.50% Year Built 1990
Tenure Freehold Tenancy Single
Property Type Industrial Parking Ratio 1.16/1,000 SF
Property Subtype Warehouse No. Drive In / Grade-Level Doors 2
Price $3,929,024
Price Per SF $76
Sale Type Investment
Cap Rate 6.50%
Tenure Freehold
Property Type Industrial
Property Subtype Warehouse
Building Class B
Rentable Building Area 51,800 SF
No. Stories 1
Year Built 1990
Tenancy Single
Parking Ratio 1.16/1,000 SF
No. Drive In / Grade-Level Doors 2

Amenities

  • Fenced Lot
1 of 1
+44 20 7580 4333

  • Listing ID: 33362106

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: Newlands Rd, Cardiff CF3 2EU

The Industrial Property at Newlands Rd, Cardiff, CF3 2EU is currently available For Sale. Contact Lewis & Partners LLP for more information.

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Renold plc | Newlands Rd
+44 20 7580 4333 x

Renold plc | Newlands Rd

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Stephen Gevertz

+44 20 7580 4333

+44 20 7580 4333

Joseph Rantor

+44 20 7580 4333

+44 20 7580 4333

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