06.01.2015 Views

view a PDF version - Savills

view a PDF version - Savills

view a PDF version - Savills

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Park Street<br />

Cardiff, CF10 1XR<br />

FOR SALE: PRIME 0.27 HECTARES (0.6 ACRES) CITY CENTRE DEVELOPMENT SITE


Park Street<br />

Cardiff, CF10 1XR<br />

Description<br />

‘A rare development opportunity in the heart of Cardiff city centre with outline planning<br />

permission for residential development, or other uses subject to planning.’<br />

The site previously accommodated Thomson House, formerly occupied by the Western Mail, this was demolished<br />

in 2008.<br />

The site extends to approximately 0.27 ha (0.6 acres) and is clear and levelled and available for immediate<br />

development subject to planning.<br />

The site is bounded by Stadium House to the north, 6 Park Street and the Millennium Stadium to the west,<br />

St David’s House to the south and Southgate House to the east. The eastern end of the site is adjacent to<br />

a plot owned by Jury’s Inn which has planning for an 11 storey, 236 bed hotel (11/00840/DCI)<br />

Location<br />

The site is located on Park Street, which is situated off<br />

Westgate Street and Wood Street (via Havelock Street).<br />

Park Street itself benefits from being in an established<br />

strategic business location within Cardiff city centre.<br />

Occupiers on Park Street include BT, Media Wales, Zurich<br />

Insurance and Her Majesty’s Court Service.<br />

The site is in an unrivalled position in Cardiff, being adjacent to the<br />

Millennium Stadium and approximately two hundred metres from Cardiff<br />

Central Bus and Railway Station.<br />

The City has excellent rail services, with a regular connection to Cardiff’s<br />

suburbs, South Wales Valleys, Newport and Swansea. In addition there<br />

is a half hourly service to London Paddington, with a journey time of<br />

approximately 2 hours.<br />

NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is<br />

not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M.<br />

Stationery Office © Crown copyright licence number 100024244 <strong>Savills</strong> (L&P) Limited.


Planning<br />

Outline planning application 06/01379/C was granted<br />

permission with conditions on 4 April 2007, for the construction<br />

of 231 residential units over 8 storeys (please see table below).<br />

An application (10/00431/C) was made to extend the timeframe of this<br />

residential outline consent. Any reserved matters application should be<br />

made by 12 March 2015.<br />

Type No. of Units GIA Sq Ft NIA Sq Ft Car Parking Spaces<br />

Private Units 213 130,075 100,733<br />

Affordable Un its<br />

18 (10x studios<br />

& 8x 1-beds)<br />

11,912 9,347<br />

Total 231 141,987 110,080 137<br />

Basement - 45 Spaces<br />

Ground - 45 Spaces<br />

Mezzanine - 47 Spaces<br />

Prospective purchasers should make their own enquiries to Cardiff Council Planning Department on 029 2087 1135<br />

or alternatively speak to <strong>Savills</strong> planning department on 02920 368905.<br />

The Welsh Government allocated the site within the Cardiff Enterprise Zone<br />

which is the UK’s sole Enterprise Zone dedicated to attracting and growing the<br />

financial and professional services sector. Further information can be found on:<br />

http://ms.fs4b.wales.gov.uk/sub_sites/enterprise_zone_wales.aspx<br />

In March 2013, Cardiff Council launched a green paper for consultation, titled ‘Rebuilding<br />

Momentum’. The document sets out the framework for the development of a new economic<br />

vision and economic delivery arrangements for Cardiff, identifying approximately 50Ha of<br />

developable land. The new draft masterplan outlines the expansion of the city centre south<br />

towards Cardiff Bay, the proposed facilities will include a new International Convention Centre,<br />

a new grade A office district, an indoor arena and integrated transport hub, infrastructure<br />

improvements and public spaces.<br />

The site is located within the ‘Station Gateway and Callaghan Square’ area of the draft<br />

masterplan, the key development anchor based around the redevelopment of the areas north<br />

and south of the central station. This area is proposed to form a distinct new civic space at the<br />

front of the station, establishing clear connections to the shopping core. The proposed focus will<br />

be upon active units at ground floor and a mix of hospitality, commercial and residential uses.<br />

A smaller square is proposed between Wood Street and Park Street which provides a <strong>view</strong>ing<br />

corridor towards the Millennium Stadium.<br />

Indicative scheme


General Information<br />

Tenure The long leasehold interest is available. A long lease was granted from<br />

The County Council of the City and County of Cardiff from 23 December<br />

2008 for 150 years.<br />

Method of Sale We are seeking offers for the long leasehold interest in the site.<br />

Services We understand that all services are available, however, prospective<br />

purchasers should make their own enquiries.<br />

Further Information Further technical information has been prepared<br />

and is available from the sole agent, <strong>Savills</strong>.<br />

Legal Costs Each party is to bear its own legal costs.<br />

VAT VAT will be charged on the sale.<br />

Viewings Purchasers are requested to notify the sole agent, <strong>Savills</strong>, of their<br />

intentions to <strong>view</strong> the property so that necessary arrangements can be made.<br />

Particulars prepared April 2013<br />

NOTE - Published for the purposes of identification only and although believed to be correct its accuracy<br />

is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of<br />

H.M. Stationery Office © Crown copyright licence number 100024244 <strong>Savills</strong> (L&P) Limited.<br />

Contacts<br />

For further information, please contact:<br />

<strong>Savills</strong> Cardiff<br />

12 Windsor Place, Cardiff, CF10 3BY<br />

T +44 (0) 292 036 8900<br />

E cardiff@savills.com<br />

Leah Jeffreys<br />

T +44 (0) 292 036 8918<br />

E ljeffreys@savills.com<br />

Gary Carver<br />

T +44 (0) 292 036 8963<br />

E gcarver@savills.com<br />

Important Notice<br />

<strong>Savills</strong>, their clients and any joint agents give notice that:<br />

1. They are not authorised to make or give any representations or warranties in<br />

relation to the property either here or elsewhere, either on their own behalf or on<br />

behalf of their client or otherwise. They assume no responsibility for any statement<br />

that may be made in these particulars. These particulars do not form part of any<br />

offer or contract and must not be relied upon as statements or<br />

representations of fact.<br />

2. Any areas, measurements or distances are approximate. The text, images and<br />

plans are for guidance only and are not necessarily comprehensive. It should not<br />

be assumed that the property has all necessary planning, building regulation or<br />

other consents and <strong>Savills</strong> have not tested any services, equipment or facilities.<br />

Purchasers must satisfy themselves by inspection or otherwise.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!