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.

I have worked with Jeremy Symons over the past three years successfully leasing and buying property in support of my business. I continue to be very pleased with his knowledge of the market and expertise. Our relationship over this time has resulted in acquiring 20,000 sq ft at Capital Business Park in Cardiff, leasing 11,000 sq ft at Southpoint, and subsequently leasing an initial 42,000 sq ft at Parc Bedwas, followed by a succession of expansions of a further 11,000 and then 47,000 sq ft, enabling us to centralise all of our operations at Parc Bedwas in a single 100,000 sq ft facility. The acquisitions were completed at the perfect time for tenant purposes and the rent fixed throughout the term at very economical rates. A job well done.

Bob James, Aerfin