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Cardiff

Cardiff investment
Sold
Asking price
£320,000
Net initial yield
9.06%
Passing rent pa
£30,000

Prominent leisure investment in a waterside location in Cardiff Bay

Unit 1, Sovereign Quay, Havannah Street, CF10 5SF

  • Situated in a waterside location on the internationally renowned Cardiff Bay.
  • The investment comprises a ground floor leisure unit of 2,506 sqft let to R&L Golf Ltd
  • Let to R&L Golf Ltd on a 5 year lease from 28 October 2016, expiring 27 October 2021, with a tenant break on the 27 October 2019, subject to a 3 month rent penalty.
  • Rent- £30,000 per annum = a low rate of £11.97 per sqft.
  • Numerous potential alternative uses, subject to planning. Currently used under Class D2 'Indoor Sport' but with a previous consent for B1 offices. Adjoining uses have included hairdressers, art galleries, high end furniture outlets, IT consultancies, etc.
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