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Agent's details

Development Land At 12-14 Drake Walk, Drake Court

For sale: £1,000,000.00|To rent: ROA|27,000 Sq Ft|Land, Commercial Land

Property details

FOR SALE£1,000,000.00
SIZE27,000 Sq Ft
ADDRESSDevelopment Land At 12-14 Drake Walk, Drake Court, 12 Drake Walk, Caerdydd, CF10 4AN
TYPELand, Commercial Land
TENURETo Let, For Sale Leasehold
POSTED ON4th April 2022


Key Points

  • Central Location
  • Resolution to grant FPP for 77 Serviced Apartments
  • New planning application for 69 bed Aparthotel is pending
  • New key point...
  • Summary

    Serviced Apartments/Aparthotel Development Opportunity


    The site has an area of approximately 0.23ha and is located within the Waterfront 2000 office development, an established office development providing a mix of 3 and 4 storey office buildings. The site is bounded by offices to the north, east and south and residential to the west, separated by a dock feeder. The site is currently landscaped with a large number of trees and shrubs. The western half of the site is adopted highway and forms part of the network of landscaped walking and cycling routes linking Herbert and Tyndall Street with Schooner Way, Lloyd George Ave. and Cardiff Bay to the south. The site also includes a currently closed footbridge over the Dock Feeder linking the site to Craiglee Park on the west side of the Canal and the development of flats fronting Lloyd George Avenue.


    The site is situated adjacent to 12-14 Drake Walk and lies at the western boundary of the established Waterfront 2000 office park. It is ideally located, being only a short walk from Cardiff Central railway station as well as St David’s 2 shopping centre anchored by John Lewis. Waterfront 2000 is also easily accessed by car being just off the A4232 which links directly into Cardiff Bay and J33 of the M4. The immediate surrounding area has benefitted from a number of large scale developments in the last 5 years including over 300,000 sq. ft. of grade A office space in the Capital Quarter scheme, located immediately to the north of the site, which also includes the Lumis Student Living student accommodation development of 500 studios together with a PRS scheme.


    On application


    The site has the benefit of full planning permission dated 19 August 2020 for the development of a six storey block of 77 serviced apartments plus ground floor amenity/commercial. A copy of the planning consent can be found on the Cardiff Council planning portal (Ref: 18/01280/MJR). The development has a gross internal floor area of 27,470 sq. ft. The planning permission granted also includes works required for the re-routing of the public riverside walkway and the renovation of the existing dock feeder footbridge. Section 106 financial obligations total £101,676. A application to the existing planning was subsequently made on 18/10/21 to vary the planning to a 6 storey aparthotel with 69 units and ground floor commercial/amenity space. A decision is pending.


    Location: Development Land At 12-14 Drake Walk, Drake Court, 12 Drake Walk, Caerdydd, CF10 4AN

    Cardiff Central (0.4 miles)

    Cardiff Queen Street (0.4 miles)

    Cardiff Bay (0.6 miles)

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