Capital Business Park, Cardiff
Smethurst Commercial Property Consultants (SCPC), through our market knowledge and extensive contacts in the industry, identified the opportunity that existed at Capital Business Park, Cardiff.
The building in question comprised a 42,171 sqft modern warehouse facility let in its entirety until 2026 to HT Maddock & Son who offer an undoubtedly strong covenant.
It was a great opportunity for an investor who had sufficient funds and the potential to acquire it quickly. The challenge was to find a suitable buyer before the owners decided to take it to the open market.
Smethurst commercial property consultants conducted appropriate research, an assessment of the park and introduced Capital Business Park as an investment to a private investor.
We adopted a multi-pronged approach to secure the property for C £2,500,000 representing a net initial yield of 7.2%.
This particular case highlights our skills in identifying an opportunity, putting together a strategy, implementing the investment strategy and achieving a successful purchase.