Warehouse redevelopment for under-supplied market

20 February 2019
  • Edwards Business Park Cooke & Arkwright
  • Edwards Business Park Cooke & Arkwright
  • Edwards Business Park Cooke & Arkwright
  • Edwards Business Park Cooke & Arkwright
  • Edwards Business Park Cooke & Arkwright
  • Edwards Business Park Cooke & Arkwright

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Edwards Coaches is developing twenty-seven self contained, flexible business units at its 25 acre Park Busnes Edwards at Llantrisant Business Park. The units, which will be known as the Frams Business Centre, will each measure c.1,800 sq ft and will be available either individually or in multiples to create larger units. All come with two-way internal vehicle access and parking. Up to 9,000 sq ft of office space is also available which will be refurbished.

Tim Lawley, Associate Director with Cooke & Arkwright’s Business Space team, who are the sole marketing agents, said, “We’ve already had enquiries about the units prior to completion, from companies ranging from small start ups to more established businesses. The interest is an indicator of the level of demand and perceived lack of supply for good quality small business units in the area.

“Edwards Coaches operates its successful travel business from 110,000 sq ft premises at the site, so tenants can be assured there is a shared interest in maximising opportunities for all occupiers. The redevelopment and refurbishment works by the landlord demonstrate a considerable stake in the ongoing process of transforming the warehouse offering while also landscaping the surrounding area and maximising car parking space. A café has recently opened up on the site.

“There are plans to refurbish the first floor, open plan office accommodation which comprises around 6,500 sq ft to the front of Frams Business Centre. A further 2,500 sq ft of small office suites are available in The Courtyard, where Edwards Coaches has its sales and customer reception rooms.”

Parc Busnes Edwards has a prominent frontage onto the A4110 dual carriageway directly opposite the Royal Glamorgan Hospital and just three miles from Junction 34 of the M4. The Royal Mint, Cav Aerospace and CAT Finnings occupy adjacent premises within the wider Llantrisant Industrial Estate. Cooke & Arkwright acted on the sale of the site by the Welsh Government in 2016 to Edwards Coaches, who consolidated their business from their former Llantwit Fadre HQ.

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