The Penarth Portfolio, Penarth, CF64 3BG

Description

- Holm House, 11 Marine Parade, Penarth, CF64 3BG

Holm House occupies a prime position toward the southern end of Marine Parade, the prime residential address in Penarth.

Built in 1926, Holm House currently operates as a highly acclaimed 12 bedroom boutique Hotel that enjoys uninterrupted views across the Esplanade and out to sea.

It is set amongst well-manicured gardens with facilities including both a spa and restaurant with private dining options.

The total site area extends to c. 0.69 acres and the opportunity to purchase could appeal to hoteliers looking to expand their existing portfolio, or developers looking to restore the property to residential use, subject to necessary consents.

The site could also suit alternative uses such as senior and assisting living. There have been no recent planning applications submitted, and this provides a purchaser the ultimate optionality over a substantial site in a highly sought after location.

Vacant Possession is deliverable by April/May 2024.

- Gardenhurst, Holmsdale Place, Penarth, CF64 3BB

Gardenhurst occupies a prominent position on the corner of Holmsdale Place and Marine Parade boasting unrivaled views over Penarth Pier Pavilion and across the Bristol Channel.

The site contains a vacant structure that was previously used as a residential care centre.

The total site area extends to c. 0.74 acres.

Planning permission is currently being negotiated for the redevelopment and change of use of the former care facility to provide 6 apartments, plus 3 new town houses on the existing car park of the property. The works are to include associated car parking, landscaping and improvement works to the existing boundary wall and arboriculture.

A link to the planning portal can be found here: https://vogonline.planning- register.co.uk/Planning/Display/2016/00849/FUL

- Normandy, 9 Bridgeman Road, Penarth, CF64 3AW

Normandy occupies a highly prominent position on Bridgeman Road close to its junction with The Esplanade and only 100 yards from Penarth Pier Pavilion.

The site contains a vacant structure, that was previously a single dwelling, sitting on a total site area of c. 0.4 acres.

Planning permission has previously been approved on 12/07/2022 for the restoration and refurbishment of the existing derelict residential building to provide 4 apartments, with the addition of 5 new apartments in a new extension to the property.

A link to the planning portal can be found here: https://vogonline.planning- register.co.uk/Planning/Display/2021/01100/FUL

Location

Penarth is a town and community in the Vale of Glamorgan, Wales that is located approximately 5 miles to the south of Cardiff City Centre. It is affectionately known as ‘The Garden by the Sea’.

The town is known for its elegant esplanade and piers, art deco pavilion, Victorian architecture and beautiful parks and gardens.

Penarth is located on the west shore of the Severn River benefiting from views across the Bristol Channel.

It has recently been voted in the Sunday Times as one of the top 10 places to live by the sea in the UK.

It is a highly affluent area characterised by a number of independent shops, Michelin guide restaurants and amenities including Penarth marina and yacht club.

House prices in Penarth are well above the national average for Wales with those on Marine Parade, the prime residential address, often selling in excess of £2.00m.

Key Points

• An unrivaled opportunity to acquire three separate development sites situated in prime locations in Penarth, Wales.
• PenarthisahighlyaffluentsuburbofCardiff situated 5 miles to the south of the City Centre.
• It has been voted one of the Top 10 places to live by the coast in the UK and is affectionately known as the ‘Garden by the Sea’.
• Thethreeseparatesitescompriseatotalof 1.83 acres of developable area, subject to necessary consents
• Unconditionaloffersareinvitedforthe portfolio as a whole with individual offers to be considered.

Availability

To Let

Costs

Unconditional offers are invited for the portfolio as a whole with individual offers to be considered.

Size

79,715 sq ft (7,405.00 sq m)

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