Renold plc | Newlands Rd
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Renold plc Newlands Rd
51,800 SF Industrial Building Cardiff CF3 2EU £3,100,000 (£60/SF) 6.50% Net Initial Yield
Executive Summary
The subject property is single let to Renold Power Transmission Limited (with a guarantee from Renold PLC) with 11 years unexpired producing a current rent of £218,750 per annum.
Seeking offers in excess of £3,100,000. A purchase at this level will reflect a net initial yield of 6.50% and a potential reversionary yield of circa 8.50% in December 2025, as well as a low overall cap value of £59.85 psf.
Seeking offers in excess of £3,100,000. A purchase at this level will reflect a net initial yield of 6.50% and a potential reversionary yield of circa 8.50% in December 2025, as well as a low overall cap value of £59.85 psf.
Property Facts
| Price | £3,100,000 | Building Class | B |
| Price Per SF | £60 | Rentable Building Area | 51,800 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 6.50% | Year Built | 1990 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.16/1,000 SF |
| Property Subtype | Warehouse | Level Access Doors | 2 |
| Price | £3,100,000 |
| Price Per SF | £60 |
| Sale Type | Investment |
| Net Initial Yield | 6.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Rentable Building Area | 51,800 SF |
| Number of Floors | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 1.16/1,000 SF |
| Level Access Doors | 2 |
Amenities
- Fenced Lot
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Stephen Gevertz -
Joseph Rantor
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Lewis & Partners LLP
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Renold plc | Newlands Rd
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