Industrial for sale in Asset House, 63 Penarth Road, Cardiff CF10, Non quoting

0.00

Offer Nr.:
65950635
Type of ad:
for Sale
Property type:
Industrial
Contact name:
Cooke and Arkwright
Phone(s):
029 2227 9254

* Freehold
**Key Points**
* Prominent Location Close to Penarth Road Bridge
* Close to Central Station and Cardiff City Centre
* Separate former Office and Warehouse
**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.
**Location**
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.
**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.

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