Aberystwyth Office Investment

Merlin Homes (Wales) Limited have sold the freehold interest in Phase 1, Commercial Block, Aberystwyth Marina to Structadene for £1.6 million (6.3% net). The 11,200 sq ft office building with 30 car spaces is let to the Welsh Assembly Government on an 18.5 year FRI Lease from 1st July 1998 with 3 yearly Rent Reviews at £107,000 pa.

Fifield Glyn represented Merlin and Pearl & Coutts represented Structadene.