Property Auction includes wide variety of Lots from across Wales

Auction to be held at the Village Hotel, Coryton, Cardiff on 27 April 2016

17 March 2016
  • Beguildy Newtown
  • Hayes Road Barry
  • London Road Pembroke Dock

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Lots from all over Wales will go under the hammer at Cooke & Arkwright’s next Property Auction at the Village Hotel, Coryton, Cardiff on Wednesday 27th April 2016. To-date there are 36 confirmed lots, subject to change. Lots consist of a variety of residential investment properties, commercial buildings, agricultural land and development opportunities belonging to a number of clients including the Welsh Government.

Auctioneer Rod Perons, Director of Land Agency at Cooke & Arkwright said, “The Welsh Governments disposals were the catalyst, but we have been very pleased with the number of submissions received from other interested parties. Standout Lots include a pair of Victorian semi-detached houses in Newtown, Powys, development land in Newtown with planning permission for nine houses, development land allocated for employment use near Barry in the Vale of Glamorgan and potential development land at Pembroke Dock.”

The auction commences at 6.30 pm in the Inspiration Suite and details of Lots and guide prices are available on our Auction Page

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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