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Cardiff
DTZ have acquired Wellington House, Wellington Street, Cardiff for Wellington House Developments.
Wellington House provides 20,500 sq ft of retail, leisure and office accommodation, let to Hein Gericke, Bush Healthcare, Rileys Snooker Club and Swinton Insurance.
The property is let on a variety of leases, expiring from 2008 to 2021. The purchase was completed for £2.2m, on income of £160,750, showing a net initial yield of 7%.
Steadman Brierley acted for the vendor, Lazarus Properties.

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