ATTEN-SHUN! Barracks sold at on-site auction

Strong bidding sees price rise quickly

3 October 2016

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A four-acre site housing a former barracks in the Rhondda went under the hammer at an exclusive on-site auction held by Cooke & Arkwright on 22 September 2016. The auction was held in the drill hall and the barracks attracted strong bidding from about 20 interested buyers.

Auctioneer Rod Perons commented, “It was beautiful day which allowed last minute viewing to take place before the auction was held.  There was keen interest and strong bidding in the room with the price rising quickly from £25,000 to an eventual sale price of £126,000.”

First developed as a workshop for the Rhondda Engine Works, the site was acquired by the Territorial Army and converted to barracks, at one time housing American troops during the Second World War. The two-storey barracks building includes living quarters, offices and kitchens, as well as garages, an armoury and a drill hall. A cluster of outbuildings were originally used for classrooms, storage and a rifle range. Cooke & Arkwright sold the premises on behalf of the Reserve Forces and Cadets Association for Wales.

Cardiff Waterside is a significant property holding for Aviva Investors at almost 500,000 sq ft. Our experiences show the benefit of working with a regional specialist where occupational markets can be unlocked with a good team with excellent local contacts. Ben Bolton and his team have done this for us for many years and been fundamental to our success and a very low void rate in Cardiff.

Matthew Leach, Arriva Capital Waterside