There is a report here prepared by the estate agents who acted on behalf of the previous owners selling the Churchill House:
http://www.finemanross.co.uk/recent-transactions.htmlIt appears that it's quite profitable with a 8.5% return and has some long-term tennants. According to the document you can download, some leases at the time of sale extended to 2024. Mining & Geology consultants SRK had their lease expired in April 2017 and they are still there, so they must have negotiated an extension. As of September 2016 they were advertising leases on the Mezzanine floor.
At the moment, Knight Frank appear to be marketing some space:
http://www.knightfrank.co.uk/en/propert ... /cpd220485So I'm not quite sure where this fits in with the new owners trying to rap things up.
I actually like the building. Yes it is a bit dated now, but it was a quality build in its day and I think it's an important part of Cardiff's development. I think it would be a shame if it were lost to residential or yet more student accomodation.
We've lost quite a bit of office space in that area and Newport Road over the last few years:
-Helmont House - Converted to Hotel
-The Aspect - Converted to Resi
-Fitzalan Court - Converted to Student Accomodation
-Admiral House - Converted to Resi
-Holland House - Converted to Hotel
Not a great image when you consider that the new office developements occured long after most of these.