Severnside House Business Park, 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

A48(m) Severnside House is situated within St Mellons Business Park which is located 8

miles east of A48(m) to Tesco M4 & London and 7 miles west of Newport city A48

centre. The location benefits Garden Centre from excellent transport links to St Mellons Golf Club both Cardiff and Newport and is within a few minutes of the A48(M) and 3 miles from the .

Cypress Drive

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 Cobol Road 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.

NEWPORT J29 M4

A48 CARDIFF M4 M4 A48(M) CASTLETON J30 CARDIFF GATE A48 Fortran Road Fortran Road

OLD ST MELLONS St Mellons Hotel & Golf Club A4232 A48(M) J29a Cypress St Mellons Business Park

CARDIFF Drive Road Cobol Road PENTWYN ST MELLONS

A48 Newport Cobol Road Cardiff Office Market Cardiff is the principal office market within South Wales the current initiatives being undertaken to improve the and is one of the major UK regional centres. It is the economic profile and infrastructure of Cardiff, and the closest capital city to London with an estimated office discount between it and other major regional centres, is stock of approximately 12 million sq ft. helping to drive rental growth. The Cardiff office market dynamics are particularly Cardiff Parkway strong at present. High profile developments have added new landmark Grade A buildings, while a Ambitious plans to create a new business park served by number of secondary offices have been converted to a main line railway, directly to the south of the property alternative use and removed from the supply chain. are included in the Local Development Plan. If approved Annual take-up has been consistently higher than the Cardiff Parkway Station which will also benefit from long-term average and exceeded other UK regional regional and national rail service connections, will serve centres, which has boosted rental growth. Take-up a new business park at St Mellons. The development in 2018 was 499,215 sq ft with 703,900 sq ft in 2017 will bring significant benefits to the existing estate. The and 685,600 sq ft, in 2016 demonstrating consistent proposed new facility will reduce travel time to Cardiff occupier appetite. city centre to less than 10 minutes and its successful delivery will help implement the new The limited availability of office space and in particular strategy of enhanced connectivity through upgrading a shortage of high quality accommodation in Cardiff is and integration of heavy rail, light rail and bus services hardening incentive packages. This trend along with 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. 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 • WC facilities on each floor • Suspended ceiling with • Shower facilities recessed lighting • Passenger lift • Double glazed windows • Full carpeting Terms Accommodation The long leasehold interest is available for sale The offices have been measured in accordance with the for £1,500,000. RICS International Property Measurement Standards The offices are available on a new lease for a IPMS3 (Office) comprising the following areas: term to be agreed and consideration will be given to lettings of part. Floor Areas Demise Area (sqft) Area (sqm) Business Rates Ground Floor 10,418 967.9 The property has been assessed (2017 valuation) First Floor 10,635 988.0 with a rateable value of £200,000 equating to a Second Floor 10,620 986.6 rates payable of £3.25 per sq ft for 2018/19. Total 31,673 2,942.5

The property has a total site area of 0.96 acres. EPC The property has been assessed for energy Car Parking performance with a rating of 125 (E rating). There are 92 car parking spaces allocated to the building which equates to a ratio of 1 space per 344 sq ft occupied. VAT The property is elected for VAT that will be payable on the rent or the purchase price. 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. Severnside Further information House For further details and to arrange inspections St Mellons Business Park, please contact joint sole agents: Cardiff CF3 0EY

Mark Sutton: T: 02920 440 135 E: [email protected]

Grace Shackell: T: 02920 440 140 E: [email protected] 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. Ben Bolton: T: 02920 346 376 Knight Frank LLP is a limited liability partnership registered in England with registered number E: [email protected] OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members' names.

Mark Siddons: T: 02920 346 361 Brochure 02/19. Photography 03/16 - 01/19. E: [email protected] Design by Martin Hopkins Tel: 029 2046 1233 | martinhopkins.co.uk

14270.2.19