Elfed House, Oak Tree Court, Mulberry Drive, Cardiff Gate Business Park, Cardiff, CF23 8RS
Size
6,324
Tenure
Freehold
EPC
Parking
28
- Primary use
- Traditional office
- Capacity
- Ask agent
- Desks
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No floor / site plan
Key features
- Modern Self Contained Office.
- Excellent accessibility on Cardiff Gate Business Park.
- Significant recent tenant investment to ground floor.
- Let to MacIntyre Hudson LLP until 2033 (subject to Tenant break in 2028).
- Low rental base at £80,000 (£12.65 per sq.ft).
- Guaranteed RPI rental increase at June 2028 review.
- Ideal small investor/SIPP purchase at £715,000.
- Attractive NIY of 10.68% (£113 per sq.ft CV).
Description
Elfed House is a modern 2 story office with raised floors, suspended ceiling with recessed lighting and air conditioning throughout. There are staff areas and WC’s on both floors and 28 dedicated car park spaces within the building demise.
The ground floor accommodation has recently been fully and extensively refurbished as part of the tenants ongoing commitment to the property.
Location
Cardiff Gate Business Park (CGBP) is located on Junction 30 M4 motorway and is recognised as the largest and premier Business Park in Cardiff. CGBP has a wide range of occupiers thereon ranging from national, regional and local professional businesses, medical practices, D1 users (churches), Educational Providers, Car Showrooms, a Restaurant and a large motorway service station that includes a hotel.
Occupiers on CGBP include Redrow, SSE, Molson Coors, Royal College of Nursing, Credit Safe, Regus, Volvo, Mercedes Benz, Audi, Welcome Break Service Station and others.
Proposal
We are seeking offers in excess of £715,000 (Seven Hundred and Fifteen Thousand Pounds), subject to contract and exclusive of VAT, to show a NIY of 10.68% assuming costs of 5.68%.
A purchase at £715,000 equates to a CVft of £113ft.
- Service charge
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- Business rates
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- Use class
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- Listed building
- No
- Business for sale
- No
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsAsk agent
- BREEAM rating
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- Environmental description
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Elfed House, Oak Tree Court, Mulberry Drive, Cardiff Gate Business Park, Cardiff, CF23 8RS
About Cooke & Arkwright Limited, Office Agency
Cooke & Arkwright is one of the leading firms of Chartered Surveyors in Wales. The practice has played a principal role in the Welsh property market and been integral to its development, providing professional advice and commercial property services for over 100 years. Our in-depth knowledge and understanding of property market trends in the region and beyond is probably unrivaled.
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Disclaimer - Property reference 331474-1. 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 Cooke & Arkwright Limited, Office Agency. 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.