Asset House, 63 Penarth Road, Cardiff
Cardiff, CF10 5RA

The property is located close to Penarth Road Bridge on the Southern edge of the City Centre. Central Quay is located directly opposite, on the site of the former Brains Brewery. This development is master planned to provide 2.5m sq ft of missed use development including hotels, offices, and apartments.

Description

The opportunity comprises two separate buildings and site totalling 0.35 acres. The buildings comprise a 3-storey office plus basement with rear two-story warehouse of c14,085 sq ft. Adjacent is a separate steel frame warehouse of 9,652 sq ft. The properties are divided by Trade Street Lane but connected at upper floor levels via a disused conveyor which was a legacy of its former use as a flour mill. The properties are dated and would need investment for continued use.

The specification includes;

• Prominent Location Close to Penarth Road Bridge
• Close to Central Station and Cardiff City Centre
• Separate former Office and Warehouse

Development Potential

The offices and warehouse provide an opportunity for continuation of their existing uses or redevelopment for alternate use. The significant and continued transition of this part of the city would suggest support from the local authority for its redevelopment. Interested parties are advised to make their own their own consultancies team and investigations with Cardiff City Council planning team to satisfy themselves on their desired schemes for the site.

Method of Sale

Due to the development potential for the site it is anticipated we will seek conditional offers subject to establishing the deliverability of the prospective purchasers planned scheme.

Anti Money Laundering Regulations

In accordance with the anti-money laundering regulations, a purchaser will be required to provide satisfactory proof of identity and source of funds at the point of agreement of heads of terms.

Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.