30-32 Churchill Way Bureau 166 m² 100 % Loué À vendre Cardiff CF10 2DY 1 254 726 € (7 557,79 €/m²) Taux de capitalisation 7,55 %

The property is freehold and offers are sought in the region of £1,100,000 subject to contract and exclusive of VAT. A purchase at this level reflecting a Net Initial Yield of 7.55% assuming purchaser’s costs of 5.85%.
The building provides 2 self-contained commercial units on the ground and lower ground, let to Peter Alan Limited and Feet in Focus (Wales) Limited with 6 one bed apartments above. The total income is £87,900 per annum.
The property is situated in the heart of Cardiff City Centre within the Churchill Way Conservation Area, immediately south of the newly reopened East Bute Dock Canal.
Churchill Way is a busy retail / business location where occupiers include Tesco, The Gym Group, Flannels, Toni & Guy, Nat West, Coral, numerous offices – as well as a range of independent retailers and food outlets – with residential units above. This creates a vibrant mix that is popular with both local residents and students. At the southern end of Churchill Way is The Utilita Arena – 5,000 capacity. At the northern end is Queen Street – Cardiff’s prime retail thoroughfare. Cardiff Queen Street Railway Station is only 100 meters to the east – whilst many bus routes leave from Churchill Way – both providing excellent connectivity.
Churchill Way and the immediate surroundings have seen significant investment in the last couple of years. This includes opening up the canal/dock feeder at the top of Churchill Way and the associated landscaping/ streetscaping and the development of the Bridge Street Exchange student scheme – Cardiff’s tallest building.