Cook Court investment in Cardiff serves up new ownership following £1.8 million sale

30 May 2017

The Charnwood Group, represented by international real estate advisor Savills, has sold Cook Court a multi let office and industrial scheme in Cardiff. The property sold for £1.825 million, reflecting a net initial yield of 8.70%.

Situated on the Pacific Business Park in Cardiff the scheme offers 19,600 sq ft (1,827 sq m) of high quality office and industrial space set in a site of 0.90 acres (0.36 hectares). Over half of Cook Court is let to The National Autistic Society.

Ross Griffin, director in the investment team at Savills, Cardiff, comments: “We are pleased to have sold Cook Court on behalf of our client. The office building is in a prominent location on Ocean Park let to strong covenants with further asset management opportunities. Well performing assets with easy access to Cardiff city centre continue to be in high demand with investors.” 

Jenkins Best and Willowford Asset Management acted for the purchaser.

 

 
 

Key Contacts

Ross Griffin

Ross Griffin

Director
Investment

Savills Cardiff

+44 (0) 2920 368 961

 

Rebecca Allen

Rebecca Allen

PR Officer
Commerical Marketing & Press

Savills Margaret Street

+44 (0) 207 409 8937