Astra House, Arklow Road, New Cross, London SE14 6EB Office Building with Prior Approval For Sale

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1 ENTER Office Building with Prior Approval For Sale

2 HOME SUMMARY DESCRIPTION & LOCATION TENANCY DEVELOPMENT SUMMARY 4-storey office building of circa 13,564ft 2 net internal area with 6 car parking spaces Part let on short term agreements outside the L&T Act, producing 149,504 per annum ASTRA HOUSE Prior Approval granted for conversion of part of the building to create 15 residential units (9,985ft 2 NSA) via Permitted Development Rights Potential to convert the remaining 3,579ft 2 NIA of B1 and D1 space to residential plus the creation of 2 additional floors, subject to planning permission Located within a short walking distance of New Cross Station Offers are invited in excess of 4,000,000 for the freehold interest which reflects 294 per ft 2 on the net area

3 HOME SUMMARY DESCRIPTION & LOCATION TENANCY DEVELOPMENT DESCRIPTION Astra House is a self-contained 4-storey office building, extending to approximately 13,564ft 2 net internal area. We understand that the property benefits from B1(a) and D1 Use Class and 6 designated car parking spaces, which are located within the adjoining building. The property occupies a prominent site extending to approximately 0.14 acres. The building is of concrete framed construction under a flat roof and is arranged over ground and 3 upper floors. LOCATION The property is located on Arklow Road in New Cross, within the London Borough of Lewisham. The site is bounded by Olivet Deptford Baptist Church to the east, Anthology Deptford Foundry New Home development site to the west, residential houses to the south and the railway line to the north. The immediate area comprises mainly residential uses, with the nearest shops and local amenities located on Deptford High Street, a short walking distance from the site (circa 10 mins). The nearest station is New Cross which is situated 0.3 miles to the south of the site (circa 7 min walk), providing South Eastern rail services into Central London, including Cannon Street in 17 minutes. Deptford station is also 0.5 miles from the site offering alternative routes.

4 HOME SUMMARY DESCRIPTION & LOCATION TENANCY DEVELOPMENT TENANCIES The property is let to a range of tenants on fixed term agreements outside the Landlord and Tenant Act as per the schedule below: Unit Floor Use Tenant NIA ft 2 NIA m 2 Licence Expiry Rent P.A (Gross) Rent / ft 2 - Ground B1 Office Caretakers Office G.03 Ground B1 Office Alternative choice for education , G.04 Ground B1 Office Vacant G.07 Ground B1 Office Longrich Ukltd , G.08 Ground B1 Office Adamo Security Services Ltd , G.09 Ground D1 Gym Gym ongoing 6, First B1 Office MCSAS Hearts of Love 2, , First B1 Office Gilbert global care , First B1 Office Vacant 1, Second B1 Office Brighter & Co , Second B1 Office Mega Consults , Second B1 Office Flame Patches , Second B1 Office Abike Foundation , A Second B1 Office Construction Safety Management 1, , Second B1 Office Vacant Third B1 Office Chris Atkins , A Third B1 Office Skytell , B Third B1 Office Solomons Business Services Ltd , C Third B1 Office Hazel Parry , Third B1 Office City Security 3, , Total 13,898 1, ,

5 HOME SUMMARY DESCRIPTION & LOCATION TENANCY DEVELOPMENT PLANNING & DEVELOPMENT POTENTIAL APPROVED ACCOMMODATION SCHEDULE Prior Approval was granted on 11th January 2018, under reference DC/17/104557, for the conversion of the 9,985ft 2 B1 areas of the building to form 15 residential units by way of Permitted Development. Full planning permission was granted on the 24th January 2017, under reference DC/16/098917, for elevational alterations including new windows, in accordance with the PD scheme. The property is subject to obligations within a Section 106 Agreement (dated 24th August 2015) whereby change of use from the current B1 Use Class is prohibited for a 5-year period and no planning applications for change of use can be made within this period. Following the conversion of the PD element, there is approximately 3,579ft 2 (NIA) of existing B1 and D1 space remaining which may offer potential for residential conversion, subject to obtaining the necessary consents. There is also potential to increase the residential floorspace by way of a 2-storey extension in line with the neighbouring properties, subject to planning permission. The floorspace of the roof extends to approximately 5,253ft 2. Unit Floor Description NIA ft 2 NIA m 2 Retained Commercial Space (not included with PD element) G.07 Ground B1 Office G.08 Ground B1 Office G.09 Ground D1 Gym / 106 First B1 Office 2, Third B1 Office C Third B1 Office Total 3, New Residential Units by way of PDR 1 Ground 1 Bed Flat Ground 2 Bed Flat First 1 Bed Flat First 2 Bed Flat First 2 Bed Flat Second 1 Bed Flat Second 2 Bed Flat Second 2 Bed Flat Second 1 Bed Flat Second 1 Bed Flat Second 2 Bed Flat Third 1 Bed Flat Third 2 Bed Flat Third 2 Bed Flat Third 1 Bed Flat Total 9, Proposed Front Elevation

6 HOME SUMMARY DESCRIPTION & LOCATION TENANCY DEVELOPMENT TENURE The property will be sold freehold and subject to the existing tenancies remaining in situ. VAT The property is elected for VAT. Offers are invited in excess of 4,000,000 for the freehold interest which reflects 294 per ft 2 on the net areas. ADDITIONAL INFORMATION Further information including planning and legal documents are available within our dataroom using the access code Astra. CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents: Jordan Oldfield jordan.oldfield@kingsbury-consultants.co.uk Paul Heale paul.heale@kingsbury-consultants.co.uk Kingsbury 1st Floor, 81 Alie Street, London E1 8NH Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: