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

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.