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Engineering campus of three buildings

Cardiff, United KingdomUnlock address

91%

£8.500.000

Industrial

#13535

Core+, Value-Add

2 Feb 2024

Property Details

Broker

For sale

111,036 sq.ft.

10,315 m²

Gross area

76 £/sq.ft.

824 £/m²

8.88 %

1

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

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.