Investment acquisition of The Owain Glyndwr, Cardiff
June 8, 2016
Coffer Corporate Leisure has successfully acquired the Owain Glyndwr, in the heart if Cardiff city centre, on behalf of a private client. The property was purchased for a consideration of £2.125 million which reflected a Net Initial Yield of 5.32%.
The property comprises a substantial 13,500 sq ft public house with a 3-bedroom manager’s apartment on the first floor.
Jack Silvani of Coffer Corporate Leisure said “Investors recognise the value of purchasing assets with strong property fundamentals and are willing to pay yields that are reflective of their quality.
We believe the pub investment market, centered on strong regional cities, offers great opportunity at present.”
Lewis Ellis acted for the Vendor. Coffer Corporate Leisure acted for the Purchaser.