Newcore Capital Management Acquires Cardiff Gate Services Retail Property For £10M
SOLD
$10,000,000
Wales
See Similar DealsRetail
Sold 10/08/2020
SOLD
Newcore Capital Management Acquires Cardiff Gate Services Retail Property For £10M
Pontprennau, Cardiff Cf23 8 Rp, Uk
See Similar DealsRetail
Sold 10/08/2020
Summary
Asset Type:Retail
Transaction Type:Sale
The retail property located at Cardiff Gate Services in Cardiff has been sold for a total of £10,000,000. The transaction took place on 10/08/2020. The property is part of the Cardiff Gate Business Park and was acquired by Newcore Capital Management. Ross Griffin from Savills represented the seller, Andrew Bolt, while Nick Lawley from Cooke & Arkwright represented the buyer.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: £10,000,000
- Date: 10/08/2020
- Address: Cardiff Gate Services
- Market: Cardiff
The sale price represents a net initial amount. No additional details were provided regarding the property's characteristics or market value.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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