(IN BRIEF) Savills, acting on behalf of MVJ Capital, has successfully sold the In ‘N’ Out Centres, Drive Thru MOT, and Servicing Centre in Cardiff to a private property company for £1.35 million. The property, spanning 3,682 sq ft, features modern facilities and car servicing bays, with ample parking space for potential development. The site is strategically located in Culverhouse Cross, benefiting from proximity to major retail parks and popular brands.
(PRESS RELEASE) LONDON, 2-Aug-2023 — /EuropaWire/ — The 3,682 sq ft property comprises a steel framed modern construction arranged on the ground floor providing a reception area, glazed customer lounge and 5 car servicing bays. The site has 27 car parking spaces, which are suitable for further development.
In ‘n’ out is situated on Cowbridge Road West (A48) in Culverhouse Cross, 8 miles west of the city centre and benefits from Valegate, Brooklands and Wenvoe Retail Parks. Nearby occupiers include Aldi, Currys, B&M, Marks & Spencer and McDonalds.
Ross Griffin, Director in the UK Investment team at Savills Cardiff, says: “We are delighted to have completed the sale of In ‘n’ out, which is located in a well-established area. The buyer has further opportunity to add value to its existing offering in this excellent roadside location.”
Matthew Pearcey of MVJ Capital, adds: “This asset has been with us since 2015 and the market appetite for such sites made this an obvious time for us to exit and to explore larger opportunities.”
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