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87 Queen St 15,080 SF 100% Leased Office Building Cardiff CF10 2BE $3,245,406 CAD ($215.21 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Five-storey Victorian building
- Good transport links
- Mixed-use property
EXECUTIVE SUMMARY
The property comprises a five-storey Victorian building providing retail accommodation at ground and basement levels with three additional floors on the upper parts The ground floor is arranged as two well-configured retail units, benefitting from a prominent frontage onto Queen Street and a substantial glazed return frontage onto Park Place. The adjoining unit, 2A Park Place, offers further retail space with a full-height glazed frontage. Access to the upper parts is provided via a dedicated side entrance on Park Place, adjacent to Greggs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
15,080 SF
Building Class
B
Year Built/Renovated
1883/2007
Price
$3,245,406 CAD
Price Per SF
$215.21 CAD
Cap Rate
7.50%
NOI
$243,405 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
3,016 SF
Building FAR
3.46
Lot Size
0.10 AC
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87 Queen St
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