High Yielding Office Investment, 2 Alexandra Gate, Rover Way, Cardiff, CF24 2SA

- Cardiff is located approximately 43 miles west of Bristol, 42 miles east of Swansea and 151 miles west of London. Cardiff serves as an extensive catchment area, bordered by Bridgend to the west, Newport to the east stretching beyond Merthyr Tydfil to the north.
- The property is situated within the predominantly residential district of Pengam Green, approximately 3 miles to the south east of the city centre. Ffordd Pengam links directly to the A4232, offering direct access to Junction 29 of the M4 via the A48.
- The property comprises a modern detached 3 storey office building with brick elevations under a pitched tiled roof which was constructed in the early
1990’s.
- The accommodation is on Ground - 2nd floor and totals 2,041.3 sq m (21,972 sq ft), and is currently arranged as a cellular serviced office operation,
providing a range of different sized offices, meeting rooms and break-out areas.
- Freehold.
- The entire property is currently run as a serviced office centre based on short term occupational licences. The property is approximately 85%
occupied (assuming the information we have been provided).
- In 2012 the centre produced a gross income of £612,375 per annum, and a net income of £173,748 per annum.
- The 2013 income projections are for a gross income of £625,566 per annum, and a net income of £222,519 per annum.
- A very low capital value of just £59 per sq ft.