Alexander House, Excelsior Road, Cardiff, CF14 3AT PROMINENT OFFICE BUILDING FOR SALE

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1 Alexander House, Excelsior Road, Cardiff, CF14 3AT PROMINENT OFFICE BUILDING FOR SALE

2 Property Summary An opportunity to acquire a highly prominent and well located refurbishment / change of use opportunity Excellent communication links via the A48 and (J32) Within walking distance of a city centre bus route, providing direct access to Cardiff City Centre Vacant 1990s building, totalling 11,462 sq ft (1,065 sq m) Site area of approximately 0.83 acres On site car parking for 58 cars (1:198 sq ft) Suitable for a variety of alternative uses subject to planning The property has been granted planning consent for redevelopment of the site to provide 213 bedroom student accommodation Freehold with vacant possession Offers are sought in excess of 1,500,000 (One Million, Five Hundred Thousand Pounds) equating to a capital value of 131 per sq ft.

3 Location Cardiff is the capital city and administrative centre for Wales with an estimated population of 358,500 and is the home for the Welsh Government. Western Avenue Cardiff is projected to be one of the UK s fastest growing cities with 26% population growth over the next 20 years (source: Welsh Government/ONS). The Cardiff City Region, incorporating 10 local authorities, has a population of approximately 1.6 million, predominantly located within 45 minutes drive time of the city and equating to circa 45% of the total Welsh population. Tesco Extra Wickes Screwfix Cardiff was ranked 3rd by the Eurpoean Union in 2016 on its list of best European cities offering the best quality of life and is rated number one in the UK for Quality of Life. Compared to London, average salary costs are 26% lower and office occupancy costs are 40% lower. The University sector is estimated to be worth in excess of 800 million to the local economy with students comprising over a fifth of the primary catchment. Cardiff has four major educational institutions; Cardiff University, Cardiff Metropolitan University, University of South Wales (Cardiff) and the Royal Welsh College of Music & Drama. Approximately 12% of Cardiff s population is students (estimated 44,000 University students). Total employment in Cardiff stands at 190,000 (2011) with the financial and business services sector accounting for 27% of jobs, which is above the rest of the UK average of 24%. Whilst the financial & business services sector is an important driver of occupier demand, public services make up the largest share of total employment at 36.6%, including Welsh Government, HM Revenue & Customs, The Environment Agency and Cardiff Council. Major occupiers within the city include Admiral Insurance, MotoNovo Finance, BBC, Hugh James Solicitors, Network Rail and Legal & General. Sat Nav: CF14 3AT Situation Llanelli Gower Swansea Neath 40 Port Talbot The property is positioned at the entrance to Western Avenue Park with a prominent frontage to Excelsior Road and opposite Tesco Extra. Excelsior Road is accessed directly from Western Avenue (A48) which is one of the main arterial routes serving the city providing access to the and A4232. Junction 32 of the motorway is 3.4 miles to the north Bridgend Tydfil Pontypridd Llantrisant 34 Cardiff International Airport Cardiff Newport The city centre is 3 miles by road or 2.5 miles by bike and is well served by public transport. The property is positioned on the Taff trail cycle route which links to both Cardiff city centre and Cardiff Bay. The site is within walking distance of the city centre, Cardiff Metropolitan University, University of Hospital Wales, and Cardiff University School of Medicine. The property is in a mixed use location in close proximity to Cardiff University Sports Training Village and Cardiff Univerity student halls of residence, Talybont North and Talybont Gate, which consists of more than 1,000 occupancy bedrooms.

4 Description The building comprises a 1990 s detached office building extending to 11,462 sq ft (1,065 sq m) over ground, first and second floors. The property provides a reception area in the centre of the ground floor with an eight-person passenger lift and WC facilities. The specification comprises suspended ceilings with recessed lighting, aluminium framed double glazed windows, perimeter trunking, air conditioning and gas central heating. Each floor benefits from kitchen and WC facilities. Externally, there are three car parks adjoining the building, one to the west, one to the east and one to the north of the property. There is parking for approximately 58 cars, providing an excellent car parking ratio of 1:198 sq ft. Planning The property currently has planning for B1 offices. Alternative uses may be considered for the property subject to planning. The property has recently been granted planning consent consent, subject to S106 agreement, for the demolition of the existing office building and redevelopment of the site to provide 213 bedroom student accommodation. More information can be found under planning reference 17/02181/MJR. EPC The property has an EPC rating of C57. Site Site area of approximately 0.83 acres. Tenure Freehold with vacant possession. Business Rates The property is currently assessed as follows; Floor Rateable Value Ground & 1st 71,500 Part 2nd 12,750 Part 2nd 26,000 Total 110,250

5 PROMINENT OFFICE BUILDING FOR SALE Proposal We are instructed to seek offers in excess of 1,500,000 (One Million Five Hundred Thousand Pounds) equating to a capital value of 131 per sq ft. Contact For further information please contact: Justin Millett T: M: E: Justin.Millett@eu.jll.com Jennie Howells T: M: E: jennie.howells@eu.jll.com Rhydian Morris T: M: E: Rhydian.Morris@eu.jll.com Disclaimer JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:- a. the particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; b. all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; c. no person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property; d. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken Jones Lang LaSalle IP, Inc. October 2018 Design by Martin Hopkins