Severnside House. For Sale / May Let. St Mellons Business Park, Cardiff CF3 0EY. Detached office building with parking 31,673 sq ft (2,942.

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Roderick Harper
5 years ago
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1 Severnside House St Mellons Business Park, Cardiff CF3 0EY For Sale / May Let Detached office building with parking 31,673 sq ft (2,942.5 sq m)

Sat Nav: CF3 0EY To city centre Severnside House is situated within St Mellons Business Park which is located 8 miles east of Cardiff city centre and 7 miles west of Newport city centre.

2 Sat Nav: CF3 0EY To city centre Severnside House is situated within St Mellons Business Park which is located 8 miles east of Cardiff city centre and 7 miles west of Newport city centre. The location benefits from excellent transport links to both Cardiff and Newport and is within a few minutes of the (M) and 3 miles from the M4 motorway. Tesco (m) Cypress Drive (m) to M4 & London Garden Centre St Mellons Golf Club St Mellons Business Park is one of the most established business parks in Cardiff and home to Welsh Water, Capita, Kier, Vinci, Shaw Healthcare and Natural Resources Wales. Other nearby occupiers include E-ON, SSE Plc, Taylor Wimpey and Bellway. Fortran Road Nearby amenities include St Mellons Golf & Country Club, The Heron Marsh Public House & Restaurant and St Mellons District Retail Centre including a Tesco Supermarket. The Celtic Manor, a 5 star resort and Wales most well known hotel offering golfing, restaurant and brand new conference facilities is within a 15 minute drive. Cobol Road NEWPORT M4 J29 CARDIFF GATE CARDIFF M4 J30 M4 (M) CASTLETON Fortran Road Fortran Road PONTPRENNAU CARDIFF A4232 PENTWYN (M) LLANRUMNEY OLD ST MELLONS J29a Newport Road Cypress ST MELLONS Drive St Mellons Hotel & Golf Club St Mellons Business Park Cobol Road Cobol Road

Cardiff Office Market Cardiff is the principal office market within South Wales and is one of the major UK regional centres.

Take-up in 2018 was 499,215 sq ft with 703,900 sq ft in 2017 and 685,600 sq ft, in 2016 demonstrating consistent occupier appetite.

3 Cardiff Office Market Cardiff is the principal office market within South Wales and is one of the major UK regional centres. It is the closest capital city to London with an estimated office stock of approximately 12 million sq ft. The Cardiff office market dynamics are particularly strong at present. High profile developments have added new landmark Grade A buildings, while a number of secondary offices have been converted to alternative use and removed from the supply chain. Annual take-up has been consistently higher than the long-term average and exceeded other UK regional centres, which has boosted rental growth. Take-up in 2018 was 499,215 sq ft with 703,900 sq ft in 2017 and 685,600 sq ft, in 2016 demonstrating consistent occupier appetite. The limited availability of office space and in particular a shortage of high quality accommodation in Cardiff is hardening incentive packages. This trend along with the current initiatives being undertaken to improve the economic profile and infrastructure of Cardiff, and the discount between it and other major regional centres, is helping to drive rental growth. Cardiff Parkway Ambitious plans to create a new business park served by a main line railway, directly to the south of the property are included in the Local Development Plan. If approved Cardiff Parkway Station which will also benefit from regional and national rail service connections, will serve a new business park at St Mellons. The development will bring significant benefits to the existing estate. The proposed new facility will reduce travel time to Cardiff city centre to less than 10 minutes and its successful delivery will help implement the new South Wales Metro strategy of enhanced connectivity through upgrading and integration of heavy rail, light rail and bus services across the region. indicative CGI

The Building Severnside House is a self-contained, detached, modern office building providing office accommodation over ground, first and second floors.

Each floor offers an open plan layout with the office footprint built around a landscaped central courtyard.

4 The Building Severnside House is a self-contained, detached, modern office building providing office accommodation over ground, first and second floors. The property is designed to provide headquarters accommodation or can accommodate multiple occupation on a floor by floor basis. Each floor offers an open plan layout with the office footprint built around a landscaped central courtyard. The property benefits from the following specification: Raised access floors Air-conditioning Suspended ceiling with recessed lighting Double glazed windows Full carpeting WC facilities on each floor Shower facilities Passenger lift

Accommodation The offices have been measured in accordance with the RICS International Property Measurement Standards IPMS3 (Office) comprising the following areas: Floor Areas Demise Area (sqft)

5 Accommodation The offices have been measured in accordance with the RICS International Property Measurement Standards IPMS3 (Office) comprising the following areas: Floor Areas Demise Area (sqft) Area (sqm) Ground Floor 10, First Floor 10, Second Floor 10, Total 31,673 2,942.5 The property has a total site area of 0.96 acres. Car Parking There are 92 car parking spaces allocated to the building which equates to a ratio of 1 space per 344 sq ft occupied. Tenure The property is held long leasehold from the Welsh Development Agency on a 250 year lease until 31st May 2239 (220 years unexpired) at a peppercorn rent. Terms The long leasehold interest is available for sale for 1,500,000. The offices are available on a new lease for a term to be agreed and consideration will be given to lettings of part. Business Rates The property has been assessed (2017 valuation) with a rateable value of 200,000 equating to a rates payable of 3.25 per sq ft for 2018/19. EPC The property has been assessed for energy performance with a rating of 125 (E rating). VAT The property is elected for VAT that will be payable on the rent or the purchase price.

Further information For further details and to arrange inspections please contact joint sole agents: Severnside House St Mellons Business Park, Cardiff CF3 0EY Mark Sutton: T: 02920 440 135 E: mark.

6 Further information For further details and to arrange inspections please contact joint sole agents: Severnside House St Mellons Business Park, Cardiff CF3 0EY Mark Sutton: T: E: Grace Shackell: T: E: Ben Bolton: T: E: Mark Siddons: T: E: 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP or Cooke & Arkwright in the particulars or by word of mouth or in writing ("information") as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor Cooke & Arkwright has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in England with registered number OC Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members' names. Brochure 02/19. Photography 03/16-01/19. Design by Martin Hopkins Tel: martinhopkins.co.uk

The offices benefit from a large secure car park providing an excellent ratio of 1:178 with 217 car parking spaces in total.

The offices benefit from a large secure car park providing an excellent ratio of 1:178 with 217 car parking spaces in total. 730aztecwest.co.uk 730 Aztec West provides 38,587 sq ft of high quality office accommodation over ground, 1st and 2nd floors, arranged in wings either side of the central core allowing flexible, open