This three storey end terrace property is situated in a prominent corner location and the whole building is let to a well established long standing Cardiff Estate Agents on a 10 year full repairing and insuring lease from December 2017 at a current rent of £28,000 per annum which rises to £29,000 in December 2020 and £30,000 in December 2021. The second floor offices are sub-let at a rent of £5,400 per annum.
We have been instructed to seek offers in the region of £425,000 which reflects a Net Initial Yield of 6.33%, rising to 6.56% in December 2020 and rising to 6.78% in December 2021.
|Ground Floor Showroom
|First Floor Offices / Kitchen
|Second Floor Offices