St William House, Cardiff

Landmark building in the City's prime office location.

• Surrounding occupiers include Centrica, AA Insurance, Arriva Trains, Deloitte LLP and Eversheds LLP.
• 13,374 sq m (143,962 sq ft) office building situated in a prominent position.
• Grade A office specification with 146 car parking spaces (1:960 sq ft).
• Let to the excellent covenant of Lloyds TSB Bank plc.
• Lease expiring 25 December 2024 (approximately 15 years unexpired).
• Annual rent of £2,368,700 per annum (equating to only £182.02 sq m/£16.91 sq ft on the agreed rent review areas).
• Low base rent compared to recent transactions at £226.04 sq m (£21.00 sq ft).
• Offers in excess of £32,000,000 (Thirty Two Million Pounds) are sought, subject to contract, reflecting an attractive net initial yield of 7.00% assuming purchaser's costs of 5.75%.