Log In/Sign Up
Your email has been sent.
100 Cowbridge Rd E 1,569 SF Retail Building Cardiff CF11 9DX $590,668 CAD ($376.46 CAD/SF)
Executive Summary
INVESTMENT SUMMARY
· Mixed retail and residential investment – single let investment to Canton Optical Limited for a term of 15 years from April 2017
· Highly reversionary single let investment – the tenant is no longer trading from the ground floor providing a potential opportunity to negotiate a Lease Surrender
· The existing passing rental is £24,000 pax – in our opinion the current ERV is in excess of £33,000 pax allowing a strong rental uplift subject to re-letting the ground floor retail unit and renewing the flat tenancies at market rents.
· Excellent investment or owner-occupier opportunity – asset management potential
· Cowbridge Road East is located less than 1 mile from Cardiff City Centre – very popular suburb location with a strong line up of national and local business operators trading on Cowbridge Road East with a low vacancy rate.
· Potential opportunity for further residential development at the rear of the site – subject to planning
· We are instructed to seek offers in excess of £320,000 for the Freehold interest, which would reflect an estimated Reversionary Yield of c. 10% +
· Mixed retail and residential investment – single let investment to Canton Optical Limited for a term of 15 years from April 2017
· Highly reversionary single let investment – the tenant is no longer trading from the ground floor providing a potential opportunity to negotiate a Lease Surrender
· The existing passing rental is £24,000 pax – in our opinion the current ERV is in excess of £33,000 pax allowing a strong rental uplift subject to re-letting the ground floor retail unit and renewing the flat tenancies at market rents.
· Excellent investment or owner-occupier opportunity – asset management potential
· Cowbridge Road East is located less than 1 mile from Cardiff City Centre – very popular suburb location with a strong line up of national and local business operators trading on Cowbridge Road East with a low vacancy rate.
· Potential opportunity for further residential development at the rear of the site – subject to planning
· We are instructed to seek offers in excess of £320,000 for the Freehold interest, which would reflect an estimated Reversionary Yield of c. 10% +
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,569 SF
Building Class
B
Year Built
1965
Price
$590,668 CAD
Price Per SF
$376.46 CAD
Tenancy
Single
Building Height
3 Stories
Frontage
21’ on Cowbridge Rd E
Amenities
- Security System
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Helen Jenkyn Optician
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Helen Jenkyn Optician | Health Care and Social Assistance | - | - | - |
1 1
Nearby Major Retailers
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
100 Cowbridge Rd E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.