1 reception room
Please note that the photos have been provided by the vendor.
£9,000 p.a. / £750 pcm
TENANCY AGREEMENT STARTED
11 months ago
TENANCY AGREEMENT ENDS
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Cardiff is the capital of Wales and its largest city. The eleventh-largest city in the United Kingdom, it is Wales' chief commercial centre, the base for most national cultural institutions and Welsh media, and the seat of the National Assembly for Wales.
Cardiff is one of the UK’s fastest-growing economies in the UK, offering a growing connected business community, an active and innovative media sector, houses world-class universities and sporting facilities and a lifestyle that ranks amongst the best in Europe.
Cardiff has a thriving city centre, with great shopping centred on Queen Street and the newly developed St. David’s Centre. More recently, Cardiff has cemented itself as a leading city to watch international major sporting events, attracting global audiences and in 2014 was crowned European Capital for Sport.
The construction of the Cardiff Bay Barrage in the Nineties was the catalyst for the £2 billion regeneration that turned the waterfront into a go-to destination.
The local economy is also benefiting from the abolishment of the tolls on the Severn Bridge in 2017, which is attracting a new demographic and opening up the Welsh countryside to tourism. The railway line regeneration to Bristol in 2020 is anticipated to make Cardiff more accessible to business travellers and tourists, which could have a positive impact on the property market also.
Home to a range of exceptional world-class universities, Cardiff has become a hotspot for students, with a student population of more than 65,000 making up almost 12% of the city’s entire population. Cardiff University has around 32,000, the University of South Wales has around 22,800 and Cardiff Metropolitan University has just over 10,000.
The city is a thriving business hub supporting a growing number of companies in sectors like health, education, biotechnology, ICT, financial and business services and creative media industries (InvestinUK). Cardiff also houses many internationally financial services companies such as Lloyds, HSBC, TSB, GE and GMAC.
As property prices and economic growth suffer in other parts of the UK, Wales is thriving, with house prices predicted to rise by 20 percent over the next five years.
There are lots of development initiatives ongoing or planned. Adjacent to Cardiff Central railway station is Central Square, a huge new quarter that will include HMRC’s new Wales headquarters, the new Foster + Partners-designed home for BBC Wales, and Cardiff University’s new School of Journalism.
Cardiff has seen lots of purpose-built student blocks built in more recent years, as well as areas around Cathays, Roath, Adamsdown, Splott, Heath and Plasnewydd attract students with those areas being within a 10 – 20-minute walk from the different campus’. According to a report in 2017 by Cushman & Wakefield the student-to-bed ratio in Cardiff was 2.5:1; higher than the national average, demonstrating that demand for student property developments in Cardiff remains high.
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