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.

The disposal of 120,000 square feet on the Heads of the Valleys Industrial Estate was a particularly satisfying task. The building had been rebuilt following fire damage, and Jeremy Symons and his team were successful in identifying a nearby purchaser looking to expand. The sale price, at £4,000,000, represented a record sale price for a property of this nature in the area, and with great tenacity and endeavour was completed in a timely fashion. An excellent result.

Richard Hayward, Richard Hayward Properties