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.

Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group