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Asset House 63 Penarth Rd 23,737 SF 100% Leased Retail Building Cardiff CF10 5RA For Sale
Investment Highlights
- Prominent Location Close to Penarth Road Bridge
- Separate former Office and Warehouse
- Close to Central Station and Cardiff City Centre
Executive Summary
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 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.
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.
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 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.
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.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
23,737 SF
Building Class
B
Year Built
1920
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Amenities
- Security System
- Automatic Blinds
- Storage Space
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Nearby Major Retailers
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Asset House | 63 Penarth Rd
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