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Hébergement
The property provides the following Net Internal Areas:
| Rez-de-chaussée | Serviced Offices | 868.97 sq m | 9,353 sq ft |
| Premier étage | Serviced Offices | 1075.81 sq m | 11,580 sq ft |
| Deuxième étage | Conference Room/Offices | 51.08 sq m | 550 sq ft |
| Total | 1,995.86 sq m | 21,483 sq ft |
Un ensemble de plans d'étage est disponible en téléchargement.
CPE
The property has an EPC rating of B (43) which is valid until 31St July 2029.
Placer
The site area is approximately 0.57 hectares (1.4 acres).
Mandat
Pleine propriété.
Location
The property is multi-let in accordance with the attached tenancy schedule, with a total of 52 licence agreements currently. The suites are let on an all-inclusive basis. There are 17 suites currently vacant, reflecting an occupancy rate of 80%. The property provides a diverse spread of income.
The total income is £485,400 per annum.
In addition, there are 46 virtual office customers who are on rolling agreements, currently producing a total income of £1,310 per month (£15,960 per annum).
Therefore, the total current gross income receivable is £501,360 per annum.
Management
The property is currently owned by a charity. In line with established best practice, the operation of the business centre is managed by a separate trading subsidiary, Alexandra Gate Business Centre Limited. As a result, there is a lease in place between the charity and its trading subsidiary, with an intra-group rent charge of £200,000. On completion of the sale, this lease will be extinguished.
Once a purchaser holds and operates the business centre, and the rent charge is extinguished, there will be the following cost savings:
No rent charge of £200,000 from the charity to the trading subsidiary.
Accounting & consulting fees are anticipated to fall from £12,850 per annum to £1,000 per annum with removal of the complexities of the group structure incorporating a charity and a trading entity.
If a purchaser manages the business centre in-house, this will eliminate, or reduce, the Alexandra Gate payroll cost (a 50% staff cost reduction has been assumed).
Dépense
For the year ending June 2025, the total expenditure for the building was £549,539.69. Once the intra-group lease has been extinguished and the above cost-savings have been implemented, it is anticipated that the expenditure will reduce to £283,380 per annum. Please refer to the management accounts which are available to download.
Therefore, it is anticipated that an investor will benefit from a net income of £217,980 per annum.
There are three on-site admin (1 full time, 2 part-time) employees and two cleaners (part-time) and TUPE regulations may apply. There is an opportunity to TUPE members of existing staff that operate the front desk and act as on-site hosts for the business centre and liaison between landlord and tenants.
Business Rates
According to the Valuation Office website the various suites are individually assessed for their own rateable value which is set out under the Tenancy Schedule.
The Uniform Business Rate is 49.9 pence per pound for 2025.
Cardiff Office Market
A recent Savills report (Spotlight: Cardiff Offices – Autumn 2025, published 10th September 2025) highlights that the outlook for Cardiff’s office market remains highly encouraging.
Cardiff continues to strengthen its position as one of the UK’s fastest-growing cities and is increasingly recognised as a key area for future growth. Government initiatives aimed at stimulating local economies, driving job creation, and attracting new investment have further boosted the city’s momentum.
Office demand was particularly strong in 2024, with annual take-up reaching 581,643 sq ft – the highest level since 2017 and 23% above the ten-year average.
Prime rents also saw upward movement in Q2 2025, rising to £30 per sq ft. This represents a 20% increase compared to historic rental benchmarks, reflecting growing confidence in the market.
Limited supply is expected to place further upward pressure on rents. There has also been a notable narrowing of the gap between refurbishments and new development rental premiums, with the former now commanding the highest rents.
Looking ahead, the report anticipates rental growth of at least 23% by 2029, with prime rents expected to reach £32.50 per sq ft before year-end. This trend is likely to encourage landlords to invest in upgrading existing stock while creating strong prospects for new development opportunities.
Valeur locative estimée
We are of the opinion that the property offers a gross estimated rental value of approximately £670,000 per annum once the vacant office suites have been re-let.
T.V.A.
The property has been elected for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).
Proposition
On nous demande de chercher un chiffre de £1,710,000 (One Million, Seven Hundred and Ten Thousand Pounds), subject to contract. This reflects:
Anticipated net initial yield of 12%
Anticipated net reversionary yield of 21% (following re-letting of vacant suites)
Low capital value of £80 per sq ft
Please note that a purchaser will be re-charged the cost of the searches (£1,595.65) which are provided in the data room.
Veuillez noter que des frais de transaction de 10 000 £ + TVA seront facturés à l'acheteur.
Considérations d'investissement
An opportunity to acquire a popular serviced office centre in an established employment area;
The investment provides an investor with a spread of income;
The property has been refurbished over the years and is maintained to a high standard;
The property is extremely well run by the current management company with an excellent letting history;
Potentiel d'amélioration de la valeur et des revenus grâce à des stratégies de gestion d'actifs ;
Pleine propriété ;
A purchase at the asking price reflects an attractive net initial yield and capital value for an investor;
Services financiers Singer Vielle
Contactez notre équipe si vous recherchez une dette senior, un financement relais ou un financement de développement.
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