Office

No 2 Capital Quarter, Tyndall Street, Cardiff 

 

Date: Q4 2017

Acting on behalf of Tesco Pension Trustees Ltd we acquired this prime office investment in the heart of Cardiff’s business district for a price in the region of £23.2m.

Constructed in 2016 to a very high standard including an excellent BREEAM rating by JR Smart Builders, the property is freehold and has a floor area of approximately 84,700 sq ft plus 18 on site car spaces. It is let to 4 tenants (including Public Health Wales who are responsible for around 62% of the rent). Current income is around £1,575,000 p.a including a rent guarantee for a small vacant suite on the ground floor. Initial rents were around £19 per sq ft with latest lettings at £20 per sq ft.

Contact

Tony Burling

Tel: 020 7493 3330
Mob: 07860 555 769
tburling@lewisellis.co.uk

James Caddick

Tel: 020 7493 3330
Mob: 07771 882 860
jcaddick@lewisellis.co.uk


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