Phase 2, Parkview Campus, Whitchurch Lane, Bristol BS14 0TJ Office Building With Prior Approval For Sale

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Gwen Hill
5 years ago
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1 ENTER Office Building With Prior Approval For Sale

HOME DESCRIPTION & LOCATION DEVELOPMENT PROPOSED PLANS Vacant B1(a) office building extending to approximately 108,283ft 2 GIA over 3-storeys plus roof space on a 3.

2 HOME DESCRIPTION & LOCATION DEVELOPMENT PROPOSED PLANS Vacant B1(a) office building extending to approximately 108,283ft 2 GIA over 3-storeys plus roof space on a 3.7 acre site, benefiting from 192 parking spaces Prior Approval for conversion to 162 apartments (44 x 1 bed & 118 x 2 bed units) totalling 87,016ft 2 NSA under Permitted Development Rights Detailed planning permission for elevational alterations including the creation of windows and dormers into the roof space Located in the popular city of Bristol approximately 2 miles south of the centre, benefiting from excellent transport links and local amenities Offers invited in excess of 8,750,000 for the freehold interest, which reflects a low capital value of 81 per ft 2 on existing GIA

HOME DESCRIPTION & LOCATION DEVELOPMENT PROPOSED PLANS DESCRIPTION The property comprises a self-contained office building (B1(a) Use Class) which extends to approximately 87,079ft 2 GIA across

The building occupies a site area of approximately 3.7 acres which includes 192 surface level parking spaces. Vehicular access is taken via a shared access directly from Whitchurch Lane.

3 HOME DESCRIPTION & LOCATION DEVELOPMENT PROPOSED PLANS DESCRIPTION The property comprises a self-contained office building (B1(a) Use Class) which extends to approximately 87,079ft 2 GIA across ground, 1st and 2nd floors. The building incorporates full height roof spaces which extend to 21,204ft 2 GIA, giving a total internal area of circa 108,283ft 2. The building occupies a site area of approximately 3.7 acres which includes 192 surface level parking spaces. Vehicular access is taken via a shared access directly from Whitchurch Lane. The property forms part of a larger office complex known as Parkview Campus. The remainder of the buildings within the complex are due to be converted to 467 apartments and retained as a private rented sector scheme. The property is currently fully vacant. LOCATION The property is located on Whitchurch Lane, approximately 2 miles to the south Bristol city centre. The site is well related to a range of services, employment opportunities and other facilities including Hawkfield Way Business Park, Hengrove Leisure Centre, Hengrove Leisure Park, Symes (Hartcliffe) District Centre, convenience shops at Belland Drive, Whitchurch (Oatlands Avenue) District Centre and Imperial Retail Park. PARSON STREET STATION Bristol has a population of circa 460,000 and benefits from a strong and growing economy which is built predominantly on creative media, electronics and aerospace industries. The city has two universities; the University of Bristol and the University of the West of England. A rapid transport bus stop is available at Hengrove Park (125m) which provides a service to Bristol City Centre. The city itself is connected to London and other major UK cities by the M5 and M4 Motorways, and benefits from an international airport (located circa 6.5 miles from the property). The nearest train station is Parson Street which is located approximately 1.9 miles to the northwest of the property. Bristol s main station, Temple Meads, is located circa 3.3 miles to the north of the site, providing direct links to London Paddington in around 90 minutes.

4 HOME DESCRIPTION & LOCATION DEVELOPMENT PROPOSED PLANS DEVELOPMENT POTENTIAL PRIOR APPROVAL CONSENT Prior Approval was granted on 25th June 2018 (ref: 18/02208/COU) for conversion of the entire building (including the roof space) to provide a total of 162 apartments via Permitted Development Rights. The proposed scheme comprises 44 x 1 bedroom and 118 x 2 bedroom units extending to a total NSA of 87,016ft apartments (40 x 1 bedroom & 90 x 2 bedroom units) are created by converting the office space across the ground, 1st and 2nd floors, with an additional 32 apartments (4 x 1 bedroom and 28 x 2 bedroom units) provided within the roof spaces. ELEVATIONAL ALTERATIONS CONSENT A detailed planning application was approved in August 2018 (ref: 17/05826/F) for elevational alterations to the existing building, including the formation of windows and dormers to the roof space. This planning consent allows the implementation of the 32 apartments proposed within the roof space. No CIL liabilities or Section 106 obligations are applicable. FURTHER DEVELOPMENT POTENTIAL There may be potential for comprehensive residential development within the car park areas, subject to planning permission. Proposals have been drawn up to develop circa 230 apartments and commercial space on the car park site to the immediate west of the property, and several other developments are proposed in the immediate vicinity. EXISTING AREA SCHEDULE Main Office Unit GIA ft 2 GIA m 2 Ground Floor 2,987 32,162 First Floor 2,968 31,958 Second Floor 2,132 22,959 Sub-Total 8,087 87,079 Roof Space Unit GIA ft 2 GIA m 2 Part Second Floor 277 2,981 Third Floor 1,693 18,223 Sub-Total 1,970 21,204 Grand-Total 10, ,283 PROPOSED AREA SCHEDULE Main Office Unit Amount NIA ft 2 NIA m 2 1 Bed Apartment 40 17,309 1,608 2 Bed Apartment 90 52,916 4,916 Sub-Total ,225 6,524 Roof Space Unit Amount NIA ft 2 NIA m 2 1 Bed Apartment 4 1, Bed Apartment 28 15,101 1,403 Sub-Total 32 16,791 1,560 Grand-Total ,016 8,084

5 HOME DESCRIPTION & LOCATION DEVELOPMENT PROPOSED PLANS PROPOSED FLOOR PLANS VIA PDR 1 Proposed Ground Floor 2 Proposed First Floor 3 Proposed Second Floor 4 Proposed Roof - Second Floor 5 Proposed Roof - Third Floor

www.kingsbury-consultants.co.uk HOME DESCRIPTION & LOCATION DEVELOPMENT PROPOSED PLANS THE HARTCLIFFE CAMPUS Allocated in the Local Plan for Redevelopment to Housing.

6 HOME DESCRIPTION & LOCATION DEVELOPMENT PROPOSED PLANS THE HARTCLIFFE CAMPUS Allocated in the Local Plan for Redevelopment to Housing. PARKVIEW CAMPUS CAR PARK Proposals prepared for circa 230 Residential Units and Commercial Space. PHASE 2, PARKVIEW CAMPUS Prior Approval for 162 Units. PRS PHASE, PARKVIEW CAMPUS Prior Approval for 467 Units. HENGRAVE PARK Planning Permission for 680 Residential Units and Commercial Space.

HOME DESCRIPTION & LOCATION DEVELOPMENT PROPOSED PLANS TENURE The property will be sold freehold with vacant possession on completion.

A purchase at this level reflects a low capital value of 81 per ft 2 based on the GIA.

CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents: Paul Heale 020 7183 2529 paul.

7 HOME DESCRIPTION & LOCATION DEVELOPMENT PROPOSED PLANS TENURE The property will be sold freehold with vacant possession on completion. VAT The property is elected for VAT. Offers are invited in excess of 8,750,000. A purchase at this level reflects a low capital value of 81 per ft 2 based on the GIA. ADDITIONAL INFORMATION Further information including planning and legal documents are available within our dataroom using the access code Parkview. CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents: Paul Heale paul.heale@kingsbury-consultants.co.uk Keir Goldstein keir.goldstein@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: Existing Site

Central House, Parkway, Chelmsford, Essex CM2 0UR. Vacant Office Building with Prior Approval For Sale

Central House, Parkway, Chelmsford, Essex CM2 0UR. Vacant Office Building with Prior Approval For Sale Vacant Office Building with Prior Approval For Sale HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS SUMMARY Vacant 4-storey B1(a) office building extending to approximately 18,011ft 2 GIA Prior Approval