Fusion Point 1 Tresillian Ter 79,347 SF 90% Leased 4-Star Office Building Cardiff CF10 5BF £13,500,000 (£170.14/SF) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Fully refurbished office building
- Well-established tenants such as Roku and International Baccalaureate
- Located in a prime location in Cardiff
EXECUTIVE SUMMARY
Offers are sought in excess of £13,500,000 (Thirteen Million, Five Hundred Thousand Pounds).
A purchase at this price reflects an attractive Net Initial Yield of 8.00%, having allowed for Purchasers Costs of 7.64%, and a low Capital Value of £212 per sq ft.
On letting the vacant space this would result in in a significant immediate Revisionary Yield of 10.57%.
A purchase at this price reflects an attractive Net Initial Yield of 8.00%, having allowed for Purchasers Costs of 7.64%, and a low Capital Value of £212 per sq ft.
On letting the vacant space this would result in in a significant immediate Revisionary Yield of 10.57%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
79,347 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
2007/2020
Price
£13,500,000
Price Per SF
£170.14
Net Initial Yield
8%
NOI
£1,080,000
Percent Leased
90%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
17,750 SF
Building FAR
1.09
Lot Size
1.67 AC
Parking
95 Spaces (1.82 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Raised Floor
- EPC - C
- DDA Compliant
- Demised WC facilities
- Lift Access
- Open-Plan
- Reception
- Recessed Lighting
- Suspended Ceilings
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Fusion Point 1 is located off Callaghan Square, 5 minutes walk to Cardiff Central Railway Station, in the heart of the city centre within Cardiff’s Central Enterprise Zone. The local area has received a substantial level of regeneration over recent years. Fusion Point One has undergone a multi-million-pound transformation, comprising up to 64,694 sq ft of energy efficient and sustainable high quality Grade A office accommodation over 4 floors. The building features an impressive new double height entrance and a sustainable theme throughout
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste south | 8,096 SF | Office | Partial Build-Out | Now |
1st Fl-Ste south
| Size |
| 8,096 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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