Newcore Capital Management Acquires Cardiff Gate Services Retail Property For £10M
Pontprennau, Cardiff Cf23 8 Rp, Uk
$10,000,000
Building Size
—
Asset Type
Retail
Closing
Oct 7, 2020
About this deal
AI
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.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93