£8.500.000
Confirmation
Engineering campus of three buildings
Cardiff, United Kingdom
Industrial
#13535
Core+, Value-Add
29 Oct 2024
Property Details
Broker
For sale
111,036 sq.ft.
10,315 m²Gross area
76 £/sq.ft.
824 £/m²8.88 %
1
Freehold
Fees
Investment Overview
Located in Llantrisant to the north of Cardiff, with excellent accessibility including directly to the M4 Motorway (J34) via the A4117, a distance of 3.5 miles. A campus of three buildings purpose built in 1993, providing 10,315 sq m (111,036 sq ft) GIA on 8.36 ha (20.67 acres). Let to British Airways Avionics Engineering Ltd, on FRI terms at only £805,011 pa (£7.25 psf) until 24 March 2024, giving an attractive income stream. Asset management opportunities including a lease surrender and dilapidations. Potential to repurpose the site for a variety of uses, including increased development density. The site has an area cleared for a fourth similar building, which was never constructed.
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