Property Type: Investment, Retail

Tenure: For Sale, Investment

Size: 28139 Sq Ft

Price: £ 4930000

Property Details:

District Retail Centre investment opportunity in Caerphilly, a strong commuter town 8 miles north of Cardiff.

Freehold multi-let retail parade totalling 28,139 sq ft across 13 units on a site of 2.6 acres (24.7% site coverage).

Strong tenant mix including Tesco, Greggs, Esquires Coffee, Domino’s, Bupa Dental Care, a Veterinary Clinic and Medical centre, providing a diversified income stream.

Total passing rent: £423,545 per annum with a WAULT of 10.40 years to expiry (8.57 years to break).

Guide price: Offers in excess of £4,930,000, reflecting a net initial yield of 8% (allowing for standard purchaser’s costs).

The property is well placed to serve the local community with over 2,000 homes in the immediate catchment, adjacent to a Primary School, Lidl, business park, and family pubs/restaurants. The property is located with prominent frontage to Nantgarw Road which connects to the A468 and A469 which have over 40,000 daily traffic movements.

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