CitaDAO is pleased to present a heritage property for Introducing Real Estate On-chain (IRO): a commercial building along Queen Street in Cardiff, the capital city of Wales.
The property is a freehold commercial building with approximately 6,900sq ft of accommodation arranged over basement, ground, mezzanine, and first floors.
Located on the southern side of the pedestrianized Queen Street, the property is in close proximity to the entrance of St David’s Shopping Centre and approximately 0.5 miles northeast of Cardiff Central station.
CitaDAO is inviting interested individuals to participate in the IRO of this property. This rare opportunity allows individuals to secure the rights to a yield accretive heritage building in Cardiff, which unlike most of other UK regional cities, does not show evidence of outwards shifting yields as a result of Covid-19.
Property located in city centre of Cardiff, Wales
Prime city location and freehold status: these translate into less volatile asset prices since it will always be in demand
Well sized property (~6,900 sq ft) means that there is always someone who can afford to make an offer to buy it as compared to a big office tower [smaller price quantum]
Stable rental income
Currently leased to Blue Chip Global Bank, one of the world’s largest banking and financial institution that pays regular rent
Annual rent review with a collar and cap of 3% to 5%: provides stability of rental income
Property’s prime location attracts high quality tenants: easy to find replacement tenant with its size and location
Inflation-adjusted rental income
Coupled with its city centre location, there will be minimal risk of running into low or zero occupancy
Heritage building status - building constructed in 1919
Iconic building which comprises a front elevation of Portland stone on a granite plinth incorporating three giant bays of giant ionic border columns, tall rectangular windows, each with a circular lunette overhead
You can own a piece of history in the centre of Cardiff