31 Jul The latest big commercial property deals in Wales
The historic Market Buildings at the entrance to Cardiff Market has been sold to London-based investor The Thackeray Estate.
Cardiff-based property advisory firm Cooke & Arkwright sold the Victorian built building on behalf of the Sellar Property Group for an undisclosed sum, having been marketed for £1.75m.
Market Buildings is a Grade II listed building over six floors.
It forms the main entrance to Cardiff Market and provides around 21,000 sq ft of mixed accommodation, including office, retail and leisure use.
Tenants include Paddy Power, Welsh Language Commissioner and Future Generations Commissioner for Wales.
There is 4,523 sq ft of vacant accommodation available.
Caryl Howell, investment surveyor at Cooke & Arkwright, said: “We are very happy to have completed on this deal. The property was built in 1886 and has been in Sellar’s ownership since 1997.
“Now under new ownership, the property is entering a new phase of its life cycle with The Thackeray Estate showing great enthusiasm to utilise the building, taking advantage of the opportunities available in the fast-moving Cardiff property market. We look forward to seeing its journey unfold.”
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