Offers over
£1,400,000
(£138.72/sq. ft)
Office for saleTy Derw, Lime Tree Court, Cardiff Gate Business Park, Cardiff CF23
10,092 sq. ft
EPC Rating: A
Freehold
About this property
Prime single let secure office Investment.
Excellent location on Junction 30 of M4 motorway.
A modern, well specified office accommodation on Ground, 1st & 2nd floors totalling 10,042 sq.ft.
Dedicated car parking for 43 vehicles.
Single let to Azets Holdings Ltd. Lease expiring December 2030.
Current rent of £123,415 per annum.
Freehold - with Registered Title CYMS10092.
Description
The property comprises a Grade A detached bespoke three-storey office building was constructed in 2010.
The building is laid out on three floors with a pitched slated roof, unrendered brown brick elevations, and windows are double-glazed steel framed throughout.
The property offers the ability to be let in parts to create suites, as per the adjacent Brook House.
The main entrance is on the east side of the building via a bespoke glass panelled atrium with a lift to first/second floors.
The internal office specification on all three floors includes:
• raised floors;
• air conditioning;
• male/female/disabled toilets; and
• partitioned staff kitchen.
Location
Cardiff Gate Business Park (cgbp) is located on junction 30 of the M4 and is recognized as the largest and premier business park in Cardiff. Cgbp has been developed in phases over a circa 20 year period and now includes a mixture of uses including offices, hotel, a motorway service station, creche, retail facilities, car showrooms and a restaurant/public house.
Established occupiers include sse, Molson Coors, Royal College of Nursing, Mercedes Benz, Volvo, Credit Safe and numerous local, regional, and national professional businesses.
Proposal
We are instructed to seek offers in excess of £1,400,000 (One Million and Four Hundred Thousand Pounds), subject to contract and exclusive of VAT, reflecting a net initial yield (NIA)of 8.3% and a capital value of £147 per sq. Ft.
The property comprises a Grade A detached bespoke three-storey office building was constructed in 2010.
The building is laid out on three floors with a pitched slated roof, unrendered brown brick elevations, and windows are double-glazed steel framed throughout.
The property offers the ability to be let in parts to create suites, as per the adjacent Brook House.
The main entrance is on the east side of the building via a bespoke glass panelled atrium with a lift to first/second floors.
The internal office specification on all three floors includes:
• raised floors;
• air conditioning;
• male/female/disabled toilets; and
• partitioned staff kitchen.
Location
Cardiff Gate Business Park (cgbp) is located on junction 30 of the M4 and is recognized as the largest and premier business park in Cardiff. Cgbp has been developed in phases over a circa 20 year period and now includes a mixture of uses including offices, hotel, a motorway service station, creche, retail facilities, car showrooms and a restaurant/public house.
Established occupiers include sse, Molson Coors, Royal College of Nursing, Mercedes Benz, Volvo, Credit Safe and numerous local, regional, and national professional businesses.
Proposal
We are instructed to seek offers in excess of £1,400,000 (One Million and Four Hundred Thousand Pounds), subject to contract and exclusive of VAT, reflecting a net initial yield (NIA)of 8.3% and a capital value of £147 per sq. Ft.
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