Renold plc | Newlands Rd
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Renold plc Newlands Rd
51,800 SF Industrial Building Cardiff CF3 2EU $5,615,895 CAD ($108 CAD/SF) 6.50% Cap Rate
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 Sale Pending
| Price | $5,615,895 CAD | Building Class | B |
| Price Per SF | $108 CAD | Rentable Building Area | 51,800 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built | 1990 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.16/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Price | $5,615,895 CAD |
| Price Per SF | $108 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Rentable Building Area | 51,800 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 1.16/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
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Renold plc | Newlands Rd
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