£18.5m sought for Cardiff retail park
14th May 2025 | Jack Oliver
A retail park in Cardiff has been placed on the market with an asking price of £18,500,000, reflecting a net initial yield of 7.25%.
Located 2.1 miles north east of Cardiff city centre and fronting onto Newport Road, The Avenue Retail Park is the dominant retail scheme in the area and spans approximately 119,000 sq ft.
The convenience-led asset is let to retailers including B&M, Matalan, Smyths Toys, Home Bargains, Magnet, and Greggs, and generates an average annual rent of £12.23 per sq ft.
Park Place Retail has been appointed to find a purchaser for the scheme.