IN 'n' OUT CENTRES LTD, Cowbridge Road West, Cardiff, CF5 5TG | Property for sale | Savills
3,682 sq ft(342.07 sq m)
Excess of £1,350,000

IN 'n' OUT CENTRES LTD, Cowbridge Road WestCardiff, CF5 5TG

  • Freehold

Key features

  • Modern Drive Thru servicing and MOT centre
  • Let to ‘In N out’ Centres Ltd
  • Freehold
  • 342 sq m (3,682 sq ft)
  • Passing rent of £97,462.50p per annum (£26.46 per sq ft)
  • 20 year lease from 8th August 2008 (6.25 years unexpired)
  • Reversionary rent with reviews RPI linked capped at a multiple of 1.21665
  • Asset management opportunities with planning consent to build an additional 2,000 sq ft A1 unit
  • We are instructed to seek offers of £1,350,000 (One Million Three Hundred Fifty Thousand Pounds)
  • • This represents an attractive Net Initial Yield of 6.80%, after deducting standard purchaser’s costs of 6.20%.

Drive thru Servicing / MOT test Centre in a prominent position on Cowbridge rd in Cardiff next door to B and Q at Culverhouse Cross.

About this property

  • Description
    The In ‘N’ Out demise is arranged on ground floor providing a modern car servicing/MOT centre with reception area, glazed customer lounge and 5 car servicing/MOT bays. There are approximately 8 car parking spaces demised to the tenant.The property is of steel framed modern construction.
    The area of land shaded blue consists of approximately 27 car parking spaces which are suitable for further development.Our client
    has consent for a further single storey building comprising of 2 units of 1,000 sq ft with an additional 17 car parking spaces at the rear of the site with an A1 consent .Thus creating further asset management opportunities for a buyer to create some additional pods.
    The property comprises of a total site of approximately 0.734 acres (0.297 hectares) and produces a low site density of 25%.

Local information

  • The property is situated adjacent to a B&Q DIY store on Cowbridge Road West (A48) in Culverhouse Cross, which lies 8 miles west of the city centre and is home to the Valegate, Brooklands and Wenvoe Retail Parks. Occupiers close by include Aldi, Currys / PC World, B and M, Aldi, TK Maxx, Tesco, Marks & Spencer and McDonalds.