Beechwood House, Cardiff Gate International Park, Cardiff, CF23 8RDMake an enquiry
Franck-Steier Price Ltd (FSP) has recently completed the acquisition of a Grade A office building on Cardiff Gate International Park at J30 of the M4. Acting for a private investor, the building let to ADT Fire & Security, was recently bought for £600,000.
The business park office extended to 3,928 sqft and is arranged over three floors. The building is occupied by ADT and was let on a 10 year lease from July 2009 at a rent of £54,203 per annum (£13.80 per sqft). The unit has 14 designated car parking spaces.
The purchase reflected an initial yield of 8.54%. DTZ represented the vendor.