Prime Retail / Leisure Investment - Laundry Quarter, Llandaff Road / Glynne Street, Pontcanna, Cardiff

Laundry Quarter is prominently located on Llandaff Road / Glynne Street in the heart of Pontcanna. Pontcanna is a leafy suburb and no doubt the most fashionable place to live in Cardiff. The area is affluent, exclusive and one of the trendiest places to live in the UK. Pontcanna is regularly described as a 'city village', because you have everything a neighbourhood could possibly need! It has beautiful architecture, independent shops and restaurants, parkland - and is a stone's throw from the city centre.

Constructed in 2022, Laundry Quarter comprises a collection of houses, apartments and retail / restaurant spaces in a newly created, leafy neighbourhood quarter.

The subject property consists of 9 commercial units arranged over ground floor with retail and leisure uses with a total rental income of £130,000 pa.

Tenure - 999 year long leasehold interest at a peppercorn FRI via service charge - where offers are sought in the region of £1,300,000 (One Million, Three Hundred Thousand Pounds) subject to contract and exclusive of VAT.

A purchase at this level would reflect a Net Initial Yield of 9.42%, assuming Purchaser's Costs of 6.15%.