Queen Street, Cardiff retail investment purchase

3rd February 2016

Queen Street, Cardiff retail investment purchase

investment purchaseSavills Investment Management, advised by Kitchen La Frenais Morgan, has acquired the freehold investment of 78 Queen Street, Cardiff from AXA Real Estate Investment Management for £4,15 million, reflecting a net initial yield of 7.4%.

The 4,500 sq ft prime retail property is let to Union Burger on a 15-year lease from December 2008 at a rent of £325,000 a year.

Cooke & Arkwright acted on behalf of the vendor.

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