Ty Bethesda was constructed as part of a complex of three self-contained office buildings in 1996. The net passing rent is £265,050 ($443,000) per annum, representing an initial net yield of 6.9 per cent.
Prior to the sale, Hampton Trust agreed a marriage value deal with Land Securities Trillium, the Inland Revenue's outsourced property manager. Trillium took a new lease with 15 years to run, and minimum rental uplifts at future rent reviews in line with the retail price index. The extra investment value created by this change was shared between the two parties, which resulted in Trillium, receiving £438,600 ($730,000) from the sale proceeds.
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