We are instructed to seek offers in excess of £1,500,000 (One million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect an attractive net initial yield of 7.52% and a low capital value of £56.17 per sq ft assuming purchasers costs of 6.36%. The property is held long leasehold for a term of 125 years from 29th October 2001 at a peppercorn rent. The freehold is owned by Cardiff Council