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2 Callaghan Square, Butetown, Cardiff, Wales, CF10 5BT

£9,000,000

£204.99 per sq ft

Business rates & charges may apply

Gerald Eve, CM Offices SE
SIZE AVAILABLE

43,905 sq ft

4,079 sq m

SECTOR

Office for sale

Key features

  • Multi let asset situated in the prime office district of Cardiff city centre.
  • The building comprises 43,905 sqft arranged over ground and 4 upper floors.
  • 80% let to 5A1 rated tenants with an AWULT of 6.7 years to expiry and 3.7 years to break
  • Multi-let to 6 tenants.
  • The property has demonstrated strong leasing activity over last 24 months, with 4 new lease/regears.
  • Passing rent of £999,688 per annum, equating to a low average rent of £22.39 psf.
  • The net income after deducting the service charge shortfall is £969,563 per annum.

Description

PRIME CITY CENTRE REVERSIONARY OFFICE INVESTMENT
Prime multi let asset within the centre of Cardiff, comprising of a modern 5-storey 43,905 sqft building, 80% let to 5 A1 rated tenants with an AWULT of 6.7 years to expiry and 3.7 years to break. Passing rent of £999,688 per annum. The net income is £969,563. Evidenced reversion within the building, £28.00 psf recently being achieved on the second floor. Over the past 24 months, the property has demonstrated strong leasing activity, with 4 new leases/regears, covering more than 50% of the available space. Free hold site extends to 0.47 acres. The amenities include: 55 car parking spaces, shower facilities, 25-hour access and concierge reception.

Multi let asset situated in the prime office district of Cardiff city centre.

The building comprises 43,905 sqft arranged over ground and 4 upper floors.

80% let to 5A1 rated tenants with an AWULT of 6.7 years to expiry and 3.7 years to break

Multi-let to 6 tenants.

The property has demonstrated strong leasing activity over last 24 months, with 4 new lease/regears.

Passing rent of £999,688 per annum, equating to a low average rent of £22.39 psf.

The net income after deducting the service charge shortfall is £969,563 per annum.

Brochures

2 Callaghan Square, Butetown, Cardiff, Wales, CF10 5BT

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cardiff Central Station0.2 miles
  • Cardiff Queen Street Station0.4 miles
  • Cardiff Bay Station0.7 miles

About Gerald Eve, CM Offices SE

60 London Wall London EC2M 5TQ

Gerald Eve LLP is a firm of chartered surveyors and property consultants based in the UK. We operate a network of nine UK offices and an international alliance of independent real estate advisers covering Europe, India and major North American markets.

Charles Gerald Eve (1872-1946) founded the firm in 1930, as Gerald Eve & Co. with a seven-strong team in a single office in Chancery Lane, London. He then became a President of the Royal Institution of Chartered Surveyors (RICS) in 1932.

Gerald Eve provides independent, intelligent and relevant advice based on detailed market knowledge and sector understanding. Together we have the resource, experience and relationships to deliver the best property solutions for your business. We boast one of the highest partner-client ratios for our sector and provide clients with a hands-on approach, which produces exceptional results.

Our advice covers planning and development, business rates appeals and payments, valuation, investment agency, lease consultancy, residential leasehold reform, property finance, fund management, corporate property management, building consultancy, compensation and compulsory purchase, corporate recovery & transactions, property & asset management and capital markets.

Notes

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Disclaimer - Property reference 40961FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Gerald Eve, CM Offices SE. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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