Construction On The Coal Exchange Is Now Underway
Published: 5th August 2016
Construction on the historic Coal Exchange in Cardiff is now well underway, with the transformation plans costing more than £35 million. The Coal Exchange is a grade two listed building with spectacular exterior architecture, which will be complemented by the planned cotemporary interior design. The development is also set to include a heritage area dedicated to the buildings history, with a First World War memorial set to feature in the grand hall.
The Coal Exchange – Investment Highlights
Years 1 to 3 - 8% net rental income
Year 4 - 9% net rental income
Year 5 and beyond - 10% net rental income
Developer buy back from Year 3 at 108% of the original price
Current hotels average 85% occupancy rates, above the local average of 72%
Excellent track record of delivery on existing, operational projects
Group now operating over 1,000 beds successfully
Phase one of The Coal Exchange will be focused on restoring the front end of the structure, which will contain hotel rooms and the new reception are. Phase one is planned to be completed in the spring of 2017. If you are interested in The Coal Exchange and would like to receive a free information pack email, firstname.lastname@example.org. Or call +44 (0) 161 337 3890 to talk to a member of our consultant’s team.
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