City Centre Investment Opportunity Castle Buildings, Womanby Street, Cardiff, CF10 1BR Click to Enter > Investment Map Location, Description, Site, Tenancy Schedule, Comparable Leasing VAT, EPC, Proposal, Summary Situation Floor Areas Tenure, Covenant Transactions Further Information Investment Summary PRINT SAVE Located in the heart of Cardiff, close to the shopping facilities, bus stops and Cardiff Central railway station. The office comprises 15,006 sq ft (1,394 sq m) of flexible net lettable office space, over four floors. The property is single-let to Lyons Davidson Ltd on two co-terminous FRI leases both subject to a Schedule of Condition, but the tenant has invested heavily in refurbishment of the building over the last 2 years. Each lease will also benefit from a guarantee from The Injury Care Clinics Limited (TICCS). The annual passing rent is £216,740 per annum which equates to an average rent of £14.44 psf (£155.43 per sq m). There are 9.35 years to lease expiry providing a long unexpired lease term secured to a strong covenant. There are 10 car parking spaces providing an excellent city centre office car parking ratio of 1:1500 sq ft (1:139 sq m). Freehold. Various asset management opportunities exist including exploring the buildings future re-development potential to residential / alternative use in the medium to long term (subject to obtaining the necessary planning consents). Our client is seeking offers in excess of £2,628,000 subject to contract and exclusive of VAT which reflects a net initial yield of 7.75%. This price reflects a low capital value of £175 psf, assuming purchaser’s costs of 6.40% City Centre Investment Opportunity Castle Buildings, Womanby Street, Cardiff, CF10 1BR Investment Map Location, Description, Site, Tenancy Schedule, Comparable Leasing VAT, EPC, Proposal, Summary Situation Floor Areas Tenure, Covenant Transactions Further Information PRINT SAVE T H E 1 F River Taff 6 R The Capitol 1 I ET A E S F 4 TR Shopping Centre R S T Cardiff Queen I A N A Y Travelodge EE C T Cardiff QU H T Street K Z Cardiff Castle I A Magistrates U O N O E C R T N X L Court S C H C D R A R T O A H A A N T A W E D EE R I D R TR L E R N S L L P R EE N R QU E W L E T S A T A A C E S C E Y E A R T E T R E S I DUK Queen’s Arcade O M A4 E ST W Premier Inn 16 STL E 1 CA H S CASTLE STREET L I W G O E R Y H K C W I P HMP Cardiff N H S L C O G Cardiff A T A O M S River Taff R T Cathedral R C L A L E R E D St John’s E N E E S T T E S B S Church T T H S Y C T R W T R E E E S U S H G E A T C M T V U R A M G R I R A C I T K E T L S T T T E S R T EET E E T O ET E D E T E R S ST RE R RE T F A M R I S C R ST S Cardiff Central A ST E O N A R E H R E AY T P LS DG D T D D A U L I U C EN O A T M Market L HI R RESC N C Q A B R A C S E R E C T Y H R S I E T L E R T T L T B E R E C OO E E W E K R E University of S E TREET T A N T THE PROPERTY S R Y South Wales T N T O R T T S Cardiff Campus A R H L A ID H E St David’s V L W I H Dewi Sant A M N A D O K Y E R W S G T S CE A D E Motorpoint N A ESP EET S M RA ENSER STR T Cineworld R S 4 River Taff A Arena E 2 G T T B A R TE 3 E T Y BU 4 A E S S U T T C R R F E H E T I E A T E E Z T T E M R H T Principality S P A AR T EG S M Stadium T RED EE EE T T O R R E T T C N S LA K S E R P E AR E SE M P N N N P I E PE L A C S L B E O L A D A A R R N A L T R N T C S E K E L L T T E I A B M R E A N T T M A T E E S G E E C U E A N R D B E S T O L U T S O S L N C K W C R G T E E O A Radisson Blue P T H T N T M T W Hotel Cardiff A S S A M R E T T R VUE Cinema D S P R T Y E T S E S E E River Taff E T R T Cardiff TR T S N R Marriot B LL New BBC HQ E A TU L U ND DO N E T Y C R S T TRE T E F L E R T S A A H T W R T C E Central Square D R TI E A T RE O E AN UD R E L R TU OR T T DO ST S Cardiff Central S T A D R L RE D R T ANE ET O E S T O ND HN T S W U JO ER SA RB HE City Centre Investment Opportunity Castle Buildings, Womanby Street, Cardiff, CF10 1BR Investment Map Location, Description, Site, Tenancy Schedule, Comparable Leasing VAT, EPC, Proposal, Summary Situation Floor Areas Tenure, Covenant Transactions Further Information A449 PRINT SAVE P C M L I K U A T A44 I S S Y N E G U Y P R A44 M A D E P A483 6 A R D A Location A442 W V R K A E C Worcester L R N 7 A D 4 V W A4112 7 I A4103 I N A470 0 G L A V R D Cardiff is the capital city of Wales, with an estimated resident A483 M5 E O R Great O A438 V F G A438 Bute Park X L Goresedd Gardens E 1 O Malvern S O S E 6 S A438 T 1 N 4 O A P L population of 346,000 (2011 Census). Capital city status was A ULE N Hereford O VA R C B RD DE 1 D A T D H R Talgarth granted in 1955 and the city has grown to become Wales’s A470 T 2 E D F G R E Y F R I A R S R R A40 Tewkesbury D O I A479 A465 R P T W Brecon M50 A B NE Z economic and political centre along with being the home to the L R A A49 I 4 3 10 D L R Cardiff Castle A40 G A GLOUCESTERSHIRE D M E T E N O I CARDIFF R Welsh Government. Significant recent inward investment has E C A A40 11 T R S THE PROPERTY N S H Gloucester U E E T QUEEN P A40 Q A A483 STREET L ST R A470 A40 JO L Abergavenny COWBR H enhanced the city’s business profile and it is now considered ID N E G S E S Y S R T A D T W C S ’S S L ASTLE W W ID C A465 V T T Merthyr O O A H 12 O M D R R T U N A S S to be one of Europe’s premier capital cities and a national and E Tydfil K A40 E W N T R A4042 B St David’s Centre E V S I I Y N C M L S H T 13 C H L E T R S G A A48 E W U T I A465 R E H L D international business location. Aberdare S S C S T B M T L A A449 Stroud R T Pontypool C O O G A R K W S T A R E A Cardiff Arms Park T 46 45 E Y E A M5 T S T Y 44 T S T 43 Neath M H T S Cwmbran D T R A E S M C E SPENSER A H E D P T 42 Chepstow E A N D F E H 14 L P I T E Cardiff is well served by both road and rail communications. The 41 2 L A T Millennium Stadium Swansea R Z T H 40 C N E A470 26 25 24 M48 A433 RA A H E A 1 T R 39 27 23 DD A T Y Pontypridd O L G M S E Caerphilly Newport C K S 21 K E 38 28 O R E city is situated on the M4 motorway, and lies approximately 236 22 ST R A D Port M4 N N P N S Y 29 D E T Talbot M4 30 E T E 36 M49 16 T M 32 T 37 17 T B M U S S Bridgend 35 DOR A S D km (147 miles) west of London.