A well-known Cardiff city centre leisure investment has sold at a yield of 11% to OJ Group.
Developer and asset manager Chancerygate sold the property, which occupies a prominent position at the heart of the city centre’s nightlife on St Mary Street. The 9,649 sq ft investment provides an income of £154,000 pa and is home to Stonegate Pub Company and Fantasy Lounge.
Fletcher Morgan advised Chancerygate.
Chancerygate asset manager Luke Morley said the strong sale price was indicative of the strong demand for leisure assets in Cardiff city centre.
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