There’s renewed speculation about the identity of the buyer of the former Monty Smith’s car dealership at 56A Windsor Road Penarth .
Well-connected sources in the local property field had originally speculated that the buyer could be an offshoot of Edinburgh Woollen Mill – a subsidiary of which already owns several major buildings in Penarth including the Holm House Hotel, Ashdene Manor, the derelict mansion Normandy and the former care-centre Gardenhurst which it plans to redevelop.
Details of the transaction have not yet appeared on the Land Registry website but it’s now been established that the new owner is not Edinburgh Woollen Mill ( owners of the Peacocks fashion chain) or its subsidiary EWM Property – but is believed to be a local private property developer.
In making its series of acquisitions in the Penarth area EWM has worked closely with a number of prominent local developers including Mr Michael Boland, from whose daughter – Madeleine – EWM Property bought the derelict wreck of the Edwardian mansion Normandy. Normandy was the subject of a long legal battle between the Vale of Glamorgan Council and former owner Michael Boland .
The Monty Smith Garage – (not to be confused with the former Robert Smith Garage 100 yards down the road) is a very large converted former cinema which offers floorspace of 13,500 ft2.
The ground landlords of the property are the Plymouth Estates who – it’s understood – have retained their freehold.