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

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.

Constructed in 2002, comprising a 5-storey purpose-built office.

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.