Edwards Coaches brings 200,000 sq ft industrial space to market

15 August 2018

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In a very tight supply market, Edwards Coaches is offering over 200,000 sq ft of industrial, logistics and manufacturing warehouse space at Parc Busnes Edwards in Llantrisant. The park comprises a range of units from 10,000 sq ft up to 68,000 sq ft, within a substantial warehouse building on a secure 25 acre site. Situated opposite the Royal Glamorgan Hospital, it is part of a wider industrial estate which is home to the Royal Mint, Cav Aerospace and CAT Finnings.

Edwards Coaches runs its own fleet operations within 110,000 sq ft at the property, which it acquired in its entirety in 2016 from Welsh Government. Cooke & Arkwright acted in the original sale of the building to the Welsh Government and the subsequent sale to Edwards Coaches, who saw an opportunity for a strategic relocation from their former Llantwit Fadre HQ.

Tim Lawley, Associate Director with Cooke & Arkwright’s Business Space team which is marketing the units said, “There is a shortage of industrial property, especially larger space in excess of 100,000 sq ft in South Wales.

“The units at Edwards Business Park are being offered on very flexible and competitive terms. Being such a large building, there is scope for either a large scale operation to be accommodated or a series of smaller tenants’ requirements. 164,000 sq ft is immediately available, with a further 38,000 sq ft under temporary occupation providing future opportunities. There is an additional 8,000 sq ft of office space to the front of the building with potential for prominent signage and branding as it fronts the A4119 dual carriageway.”

The owners have undertaken significant works to landscape the surrounding land and maximise car parking for the site. Edwards Business Park is well situated, just three miles north of Junction 34 of the M4.

“With UK availability of industrial space at an all time low, and the toll charges on the Severn Bridge being removed at the end of this year, we expect interest from prospective occupiers from across the South-West of England as well as in South Wales,” said Tim.

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