Offers invited
Confirmation
Mixed use regeneration opportunity
Property Details
Broker
For sale
800,000 sq.ft.
74,322 m²Gross area
Freehold
Fees
Investment Overview
Cardiff Council has an ambitious plan to re-energise Atlantic Wharf, Butetown, Cardiff Bay. The masterplan aims to unlock the potential to create a top UK visitor destination, and a vibrant, sustainable environment that brings enjoyment, employment and economic benefits locally. The Opportunity (“the Site”) extends to 4.57 hectares / c. 11.3 acres and comprises Cardiff’s Red Dragon Centre (“RDC”), a 1990’s leisure destination which is home to occupiers including: Odeon; Hollywood Bowl; Grosvenor Casino; Five Guys plus other retail operators; and additional adjacent land. The Council’s Vision for the Site is focused around delivery of a modern, high quality scheme which will incorporate a mix of commercial and high density residential uses. The key components of the Outline permission includes: • 890 residential dwellings (Use Class C3) • 1,090 hotel bed spaces (Use Class C1) • 19,500 sq m of Employment floorspace (Use Class B1) • 27,500 sq m of Leisure Floorspace (Use Classes D1 and D2) • 12,310 sq m of Retail Floorspace (Use Classes A1 and A3) Multi-use Indoor Arena 16,500 capacity (Use Class D2) with supporting uses and Café (Use Class A3). Subsequent Section 73 application revised to c.15,000 capacity Arena. • 182 Bed Hotel (Use Class C1) • Public Realm, Hard & Soft Landscaping; Drainage; Walking; Cycling; Car Parking plus other Transport Infrastructure
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