Offers over
£715,000
(£113.06/sq. ft)
Office for saleElfed House, Oak Tree Court, Mulberry Drive, Cardiff Gate Business Park, Cardiff CF23
6,324 sq. ft
EPC Rating: E
Just added
Freehold
About this property
Modern Self Contained Office.
Excellent accessibility on Cardiff Gate Business Park.
Significant recent tenant investment to ground floor.
Let to MacIntyre Hudson llp until 2033 (subject to Tenant break in 2028).
Low rental base at £80,000 (£12.65 per sq.ft).
Guaranteed rpi rental increase at June 2028 review.
Ideal small investor/sipp purchase at £715,000.
Attractive niy of 10.68% (£113 per sq.ft CV).
Description
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.
Location
Cardiff Gate Business Park (cgbp) is located on Junction 30 M4 motorway and is recognised as the largest and premier Business Park in Cardiff. Cgbp has a wide range of occupiers thereon ranging from national, regional and local professional businesses, medical practices, D1 users (churches), Educational Providers, Car Showrooms, a Restaurant and a large motorway service station that includes a hotel.
Occupiers on cgbp include Redrow, sse, Molson Coors, Royal College of Nursing, Credit Safe, Regus, Volvo, Mercedes Benz, Audi, Welcome Break Service Station and others.
Proposal
We are seeking offers in excess of £715,000 (Seven Hundred and Fifteen Thousand Pounds), subject to contract and exclusive of VAT, to show a niy of 10.68% assuming costs of 5.68%.
A purchase at £715,000 equates to a CVft of £113ft.
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.
Location
Cardiff Gate Business Park (cgbp) is located on Junction 30 M4 motorway and is recognised as the largest and premier Business Park in Cardiff. Cgbp has a wide range of occupiers thereon ranging from national, regional and local professional businesses, medical practices, D1 users (churches), Educational Providers, Car Showrooms, a Restaurant and a large motorway service station that includes a hotel.
Occupiers on cgbp include Redrow, sse, Molson Coors, Royal College of Nursing, Credit Safe, Regus, Volvo, Mercedes Benz, Audi, Welcome Break Service Station and others.
Proposal
We are seeking offers in excess of £715,000 (Seven Hundred and Fifteen Thousand Pounds), subject to contract and exclusive of VAT, to show a niy of 10.68% assuming costs of 5.68%.
A purchase at £715,000 equates to a CVft of £113ft.
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