Savills : Cardiff’s historic Tramshed, hits the market for offers over £3.2 million

Tramshed is a c.57,088 sq ft Grade II Listed building originally built between 1900 and 1902 to accommodate Cardiff Tram Depot and Central Workshops. The property has since been redeveloped into a successful mixed use scheme arranged over two floors and is fully let.

The building comprises a 1000 capacity multi-purpose performance venue, 30 live/work residential apartments (sold on long leaseholds), co-working and flexible office space, a boutique 40-seat cinema and a café/bar. The total site area is approximately 1.06 acres (0.43 hectares)

A planning application has been submitted for a 4-storey office building on the land to the rear. The proposed development is to provide circa 11,500 sq. ft. of office accommodation plus under croft parking including delivery and service vehicle access. The development is designed to continue the success of the co-working office space already operating within the Tramshed.

The property occupies a prominent position on the corner of Clare Road and Pendryris street, a short distance from Cardiff Central railway station, as well as Central Square, Cardiff's prime office core.

Ross Griffin, director in the investment team at Savills Cardiff, comments: 'This is a rare opportunity to acquire this unique building with historical significance that has been developed into a high quality mixed-use destination, where people want to live, work and enjoy. This positions the asset well for the long-term in addition to the added bonus of the development opportunity.'

Clare Bailey, director in the commercial research team at Savills, comments: 'The way we work is changing and there has never been a more opportune time to create happy local workspaces that can support both the business and local community. People are increasingly looking for engaging workspaces in a stimulating environment close to home, so it's important to provide spaces which promote both wellbeing and a sense of community. Areas outside the city centre are becoming a magnet for freelancers and those that want to work outside the home but don't want to travel into the office.

The Tramshed is a great example of the type of space.'