FOR SALE 52,673 SQ FT. Office building with PDR consent in Leicester City Centre Wellington Street, Leicester LE1 6GD

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1 FOR SALE 52,673 SQ FT Office building with PDR consent in Leicester City Centre Wellington Street, Leicester LE1 6GD GO

2 MELBOURNE ROAD A46 KIRKBY ROAD DPMINION ROAD A563 A50 GORBY ROAD B5327 BLACKBIRD ROAD A6 ABBEY PARK ROAD A60 CATHERINE STRE A46 M1 LIBERTY ROAD A563 GLENFIELD ROAD HENLEY ROAD A50 A6 A50 DYSART WAY A47 HUMBERSTONE ROAD NEDHAM STREET CATCHMENT (population of Leicester) 348,300 G R EEN LANE ROAD M1 A47 HINCKLEY ROAD MARKET PL ST M1 J21 A594 KING STREET SCUDAMORE ROAD M1 LEICESTER CITY CENTRE BELVOIR ST ALBION ST GRANBY STREET CHATHAM STREET WELLINGTON ST A47 HINCKL EY MAIN STREET CHARLES ST S ALBION ST A594 A563 A563 A594 A47 Leicester Train Station A6 LEICESTER UNIVERSITY MAIN STREET A47 HINCKLEY ROAD GLENFIELD ROAD Wellington House is situated in Leicester city centre and fronts Wellington Street at its junction with Chatham Street within Leicester s city centre and has a second access and frontage to Albion Street as well as Leicester s Highcross Shopping centre approximately half a mile to the north. A5460 NARBOROUGH ROAD A5460 NARBOROUGH ROAD A426 AYLESTO NE ROAD The city is centrally located within the UK and has excellent access on to the M1 motorway with J21 and J22 lying between 3 and 8 miles to the south west and north west respectively. J21 of the M1 also forms the intersection with the M69 motorway. London is some 99 miles away and just over one hours travel on the main Sheffield to London (St Pancras) line. A594 A426 RAW DYKES ROAD B5366 SAFFRON LANE LEICESTER CITY CENTRE A594 TIGERS WAY A5199 WELFORD ROAD DISTANCES KNIGHTON A6 LONDON ROAD B6416 WALK Leicester Train Station De Montfort University Highcross Shopping Centre CAR M1 (J21) East Midlands Airport Nottingham London 2 hrs 27 mins TRAIN from Leicester Station Nottingham Birmingham Peterborough London St Pancras LANE EAST SAINT PETER S ROAD A6 LONDON ROAD B6416 EVINGTON ROAD KNIGHTON ROAD 7 mins 7 mins 11 mins 19 mins 33 mins 51 mins 30 mins 50 mins 55 mins 1 hr 10 mins LEICESTER UNIVERSITY A6 1.1 MILE DE MONTFORT UNIVERSITY 0.4 MILES TRAIN STATION 0.4 MILES BUS STATION 0.6 MILES HIGHCROSS SHOPPING CENTRE 0.5 MILES

3 A 47 S T. G E O R G E S R E T A I L P A R K THE PHOENIX CINEMA THE CURVE H AY M A R K E T SHOPPING CENTRE CHARLES ST L E I C E S T E R T R A I N S T AT I O N < H IGH CROSS SHOPPING CENTRE LEICESTER MARKET GR A N BY S T TOWN HA LL LEICESTER CORN EXCHANGE NEW WALK CENTRE A549 D E M O N T F O R T UNIVERSITY LEICESTER TIGERS & F O O OT B A L L C LU B

4 10 BEL Sta b 2 1a Car Park Adult Education Centre 5 El Sub Sta STAMFORD STREET 13 Warehouse Car Park Library Telephone Exchange ALBION STREET 29 WELLINGTON HOUSE PH El Sub Sta 45 CHATHAM STREET Hall a 5 WELLINGTON STREET 22 to KING STREET 6 to Government Buildings The Needleworks 17 Posts 2a Posts 2 20 NEW WALK PH b ST Posts The Pick Building 7 Wellington House is a 1980 s reinforced concrete framed office building. The property comprises of over four and five storeys within four interconnecting blocks with an NIA of 52,673 sq ft. The property occupies a site area of 0.22 hectares (0.55 acres) with the buildings covering approximately 61% of the site area. There is vehicular access from Albion Street through an archway into a private yard and parking area, with the building benefiting from 29 on site car parking spaces, 17 under croft parking spaces (2 of these are tandem spaces) and 12 further surface parking spaces.

5 Wellington House is a prime city-centre development opportunity with prior notice approval in place for the conversion to 83 residential flats (Ref: ). The property has the potential for additional floors to be added, and/or conversion to commercial or student accommodation use subject to planning permission being obtained.

6 PLAN 762 SQ M (8,211 SQ FT) Plant Room Cycle Store Bin Store Meter Room SCHEDULE B FIRST - S GROSS TYPE COUNT % SPLIT SQ M SQ FT 1 BED ,591 29% STUDIO % 2 BED ,290 35% TOTAL ,211 Studio Units 1 Bedroom 2 Bedroom Amenity Facilities B B B External Residents Garden Commercial Access Point Lift Lobby Entrance Lobby CO.01 CO.01a

7 FIRST - PLAN 914 SQ M (9,828 SQ FT) FIRST - S SCHEDULE GROSS TYPE COUNT % SPLIT SQ M SQ FT 1 BED ,591 37% STUDIO % 2 BED ,552 56% TOTAL ,828 Studio Units 1 Bedroom 2 Bedroom Amenity Facilities Commercial Access Point

8 PLAN 683 SQ M (7,451 SQ FT) FIRST - S SCHEDULE GROSS TYPE COUNT % SPLIT SQ M SQ FT 1 BED ,524 34% 1 BED STUDIO % 2 BED ,242 57% TOTAL ,451 Studio Units 1 Bedroom 2 Bedroom Amenity Facilities Commercial Access Point

9 (subject to planning) PLAN 790 SQ M (8,526 SQ FT) Plant Room Cycle Store Bin Store Meter Room SCHEDULE NAME SQ M SQ FT B FIRST - S B B B B Bin Store C ,231 C0.01a Cycle Store Meter Room 8 84 Plant Room GRAND TOTAL 790 8, B B B External Residents Garden TOTAL UNITS: 5 plus ancillary 1 Bedroom COM 2 Bedroom BOH Circulation COM E External Amenity Lift Lobby Entrance Lobby C0.01 C0.01a

10 (subject to planning) PLAN 837 SQ M (9,251 SQ FT) B B B SCHEDULE B FIRST - S NAME SQ M SQ FT B B B B B B B B B B B B B B B B B B B B B B B B B B B GRAND TOTAL 837 9, B TOTAL UNITS: B B B B 1 Bedroom 2 Bedroom

11 (subject to planning) PLAN 837 SQ M (9,251 SQ FT) B B B SCHEDULE B FIRST - S NAME SQ M SQ FT B B B B B B B B B B B B B B B B B B B B B B B B B B B GRAND TOTAL 837 9, B TOTAL UNITS: B B B B 1 Bedroom 2 Bedroom

12 (subject to planning) PLAN 837 SQ M (9,251 SQ FT) B B B SCHEDULE B FIRST - S NAME SQ M SQ FT B B B B B B B B B B B B B B B B B B B B B B B B B B B GRAND TOTAL 837 9, B TOTAL UNITS: B B B B 1 Bedroom 2 Bedroom

13 (subject to planning) PLAN EXISTING 633 SQ M (6,792 SQ FT) NEW BUILD 204 SQ M (2,189 SQ FT) B B3P B3P SCHEDULE B1P FIRST - S NAME SQ M SQ FT B B B B B B B B B B B B NEW BUILD NAME SQ M SQ FT B1P B3P B3P B2P GRAND TOTAL 204 2,189 TOTAL UNITS: B B B B B B B B B B B GRAND TOTAL 633 6,792 TOTAL UNITS: B 1 Bedroom 2 Bedroom 1 Bedroom New Build B B B B 2 Bedroom New Build

14 (subject to planning) PLAN 838 SQ M (8,992 SQ FT) B2P B3P 1 Bedroom New Build 2 Bedroom New Build Amenity Circulation B3P SCHEDULE B1P FIRST - S NAME SQ M SQ FT B1P B3P B3P B1P B3P B3P B1P B3P B3P B1P B2P B2P B1P B1P B2P B2P B1P B1P B1P B1P B3P B3P B3P B3P B3P B2P B1P GRAND TOTAL 838 8, B3P TOTAL UNITS: B2P B3P B3P B1P

15 (subject to planning) PLAN 633 SQ M (6,792 SQ FT) SCHEDULE FIRST - S NAME SQ M SQ FT B1P B3P B3P B1P B3P B3P B1P B3P B3P B1P B2P B2P B1P B1P B2P B2P B1P B1P B1P B1P B3P B3P B3P GRAND TOTAL 633 6,792 TOTAL UNITS: 14 1 Bedroom New Build B3P 2 Bedroom New Build Amenity Circulation B1P B3P B3P B1P

16 LEICESTER TO LONDON ST PANCRAS INTERNATIONAL IN JUST OVER 1 HOUR National Rail Enquiries 5 LEICESTER IS NUMBER 5 OF THE TOP PROPERTY HOTSPOTS IN THE UK Zoopla, Arpil 2017 LEICESTER IS THE 10TH BIGGEST CITY IN THE UK WITH A POPULATION OF 339,239 OVER THE NEXT 5 YEARS THE EAST MIDLANDS HOUSING MARKET IS FORECAST TO GROW 14% Savills UK Housing Market Update, 2017 IN THE LAST YEAR PROPERTY RENTS IN LEICESTER HAVE INCREASED BY 3.19% Landby Rent Check, 2017 Wellington House is right in the vibrant heart of the city, with all its amenities being close by. With bars, retail, and all the cities visitor attractions within easy reach Leicester is a unique city and a wonderful place to visit. The city is bursting with state-of-the-art, award-winning venues including Curve - a spectacular, state-of-the-art theatre in the heart of Leicester s vibrant Cultural Quarter. Leicester is home to the National Space Centre, renowned museums & galleries, live music venues, areas of natural beauty and 2,000 years of heritage. The superb range of visitor attractions and shopping offering a cosmopolitan buzz of city life; Leicester has cafés of all kinds, from Italian eateries, bistros and delightful old-fashioned tea rooms. Together with an 800 year old market, one of the biggest in Europe Leicester s main shopping centre is Highcross, just a 10 minute walk from Wellington House, with 150 shops, including John Lewis, Debenhams, Apple, Boots, Next any many more household names together with a 12-screen Cinema de Lux. Restaurants includes Bills, Carluccio s, Café Rouge amongst many others together with a host of coffee shops and take-aways.

17 TERMS The premises are available on a freehold basis. Joe Williams joe.williams@cushwake.com Reg Pollock rp@apbleicester.co.uk BUSINESS RATES The property has a rateable value (2017) of 89,550. VAT Will be applicable. Asset managed by DATA ROOM For further sales documentation please contact enquiries@fi-rem.com For further information please contact the joint agents. Misrepresentation Act Unfair Contract Terms Act 1977 The Property Misdescriptions Act These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation or fact upon which any person is entitled to rely. Neither the agent nor any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. March RB&Co

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