Development/Refurbishment Opportunity West Wing

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1 On the Instructions of Cardiff & Vale University Health Board Development/Refurbishment Opportunity West Wing Glossop Road, Cardiff, CF24 0SZ Significant redevelopment opportunity close to city centre and Cardiff University Excellent access for all of the city s further education establishments Existing 6 storey building totalling 80,911 sq ft (7,516 sq m) on a site of 1.67 acres (0.67 ha) Potential for a range of uses including student accommodation, residential or mixed use (STP) City centre location within 10 minutes walk of Cardiff University main campus and students union. Prominent corner site with dual frontage Freehold with immediate vacant possession available on majority of the site. Tender Deadline 12 Noon 14 July 2015 Savills Cardiff 12 Windsor Place Cardiff CF10 3BY +44 (0) savills.co.uk

2 Description The property comprises a former maternity hospital (now vacant) forming part of the Cardiff Royal Infirmary. Construction of the principal building commenced in 1939 but was put on hold due to the outbreak of war and not completed until the late 1940 s. The site is a prominent corner plot of regular shape with frontage onto both Glossop Road and Moira Terrace with the main access from Newport Road Lane from the north of the site. The site is generally level and has a site area of approximately 0.67 hectares (1.67 acres). The principal building is 6 storeys in height, plus basement which occupies the north western part of the site. It is of concrete frame construction with brick façade under a number of flat roofs. The majority of the remainder of the site is in use as a surface car park with approximately 100 designated spaces. There are two separate buildings at the south western corner of the site, one comprising a single storey concrete building with corrugated clad roof which is currently operated as a dialysis day unit and a red brick two storey late 19th century building currently operated as a print room. These buildings are accessed separately off Moira Terrace with associated parking separated from the main car park by a brick wall and providing a further 8 parking spaces. A brick built electricity substation occupies an area between the principle building and dialysis unit.

3 Location Cardiff is the capital city of Wales located approximately 43 miles west of Bristol. One of Europe s fastest growing capital cities, Cardiff is renowned as a cosmopolitan and progressive capital city with a vibrant shopping and entertainment scene. The city also hosts one of the largest student markets outside of London with three established universities and over 50,000 full-time students. Cardiff has an undersupply of Student accommodation with only 21% provision of bed spaces to full time students. Cardiff benefits from excellent road communications lying south of junctions of the M4 motorway and provides a direct rail service to London in approximately 2 hours. Cardiff Airport is approximately 30 minutes from the city centre which provides national and international flights. The property lies to the east of the main retailing centre and is within 500m of Queen Street Railway Station and Queen Street, one of the core retailing area of the city. Crown Copyright - licence no Based on Ordnance Survey Not to Scale - For Identification Purposes Only. It is surrounded by Victorian terraced housing to the south and west, a primary school immediately to the north and Cardiff Royal Infirmary to the east. Immediately to the north of the property is Newport Road, the main arterial road into the city from the east which provides a mix of uses including Cardiff Sixth Form College, Cardiff University School of Engineering, Holland House Hotel and a range of office, residential and student residences.

4 Floor Areas Floor Plans of the existing buildings provided by the vendor are included within the Information Pack. The approximate measurements of the existing floor space are set out in the table but have not been independently verified and interested parties should make their own assessment. Description Gross Internal Area (Sq M) Gross Internal Area (Sq Ft) Principal Building 6, ,661 Dialysis Unit & ,250 Print Room Total 7,516 80,911 Planning Status Planning Policy Wales 2012 supports the presumption in favour of sustainable development, particularly in relation to previously developed land. It is therefore considered that the redevelopment opportunities are varied and could include schemes comprising residential, student housing, healthcare, hotel, retail, education, institutional or employment uses, subject to receipt of satisfactory planning permission. A copy of the planning appraisal prepared by WYG is contained within the Information Pack but should you require any further planning related information please contact: Paul Vining of WYG paul.vining@wyg.com The property has until recently been in use as a hospital which falls within Class C2 of the Town & Country Planning (Use Classes) Order (residential institutions). The property is not listed or situated within a conservation area. The property is not allocated for any specific uses within the current development plan and has not been the subject of any recent change of use applications. The property is located within the urban area in proximity to residential, commercial and institutional uses but outside of the city s Central Business Area. Within the current development plan, there are also specific policies associated with the redevelopment of former hospital sites for other purposes.

5 Crown Copyright - licence no Based on Ordnance Survey Not to Scale - For Identification Purposes Only. Tenure & Vacant Possession The property is owned freehold and the majority is available immediately with vacant possession. It is anticipated that the land and buildings currently in use as a dialysis day unit and print room as identified shaded blue and green on the site plan should become vacant during the first half of Services The property has the benefit of all mains services including gas, water, electricity, telecommunications and drainage. Further information is provided within the Information Pack. Rateable Value The property is currently included with the main Cardiff Royal Infrimary for rating purposes. However, the vendor, through its rating advisor is currently in the process of separating the buildings for rating purposes. Further details can be provided on request. VAT The property is not elected in respect of VAT. EPC Principal Building C Print Room F Dialysis Unit C

6 Method of Disposal The property is being offered for sale by informal tender and whilst offers on an unconditional basis are preferred, offers conditional on receipt of planning permission will also be considered. Where offers are based on a completion date occurring after June 2016, the vendor will retain a leasehold interest at a peppercorn rent in the land and buildings shaded blue and green on the site plan until vacant possession can be delivered. Interested parties must submit details of their proposals in accordance with the tender documentation provided within the Information Pack by no later than 12 noon 14 July Further Information Parties interested in submitting a proposal should consider the technical, legal and planning information included within the Information Pack which is available on request from the sole agents, Savills. For further information and to arrange an inspection of the property please contact: Scott Caldwell scaldwell@savills.com Tom Larkin tlarkin@savills.com Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: April 2015