PRESTIGE D1 ACCOMMODATION TO LET

Transcription

1 PRESTIGE D1 ACCOMMODATION TO LET STANDING IN A SITE OF APPROX 3.02 ACRES FORTESCUE HOUSE, PARK ROAD, HANWORTH, MIDDLESEX TW13 *Grade II listed villa style school *Comprising approx sq ft (623 sq m) *Planning permission granted to extend to approx. 28,000 sq ft *Including a multi-purpose hall of about 5,000 sq ft *Ample parking and playground facilities *Immediately adjoining and with access to Hanworth Park *Initially to be let together with phase 1 of the new development comprising approx. 11,422 sq ft (1,061m²) gross internal on a new FR&I lease for a term to be agreed These particulars do not constitute any part of an offer or contract. No responsibility is accepted as to the accuracy of these particulars or statements made by our staff concerning the above property. Any intending purchaser must satisfy himself as to the correctness of such statements and these particulars. All negotiations to be conducted through Claridges. VAT may be charged on some rents quoted

2 Location Fortescue House is located off Park Road and immediately adjoins Hanworth Park. Park Road connects with Hounslow Road (A314) and is just north of its junction with the A316, which becomes the M3 connecting to the M25 and the motorway network. It is located within the Hanworth Park Conservation area. Heathrow is approximately 3 miles. Underground services are available at Hatton Cross which is also about 3 miles to the north west with Piccadilly line services to Central London. Local shopping facilities are located nearby, whilst the main centres of Sunbury, Hampton, Feltham & Hounslow are all easily assessable by road. There are local bus services to Richmond, Twickenham, Hatton Cross, Kingston and Heathrow terminals. The nearest mainline station is Feltham for services to Waterloo, Clapham Junction, Windsor, Reading. The Property Fortescue House is a Grade 11 listed building, originally built as a rectory in the early 19 th century. There have been a number of later additions including extensions to the main building a teaching block and a detached single storey cottage. The property stands in landscaped wooded grounds which extend to approximately 3.02 acres (1.22HA). It is currently used a school and in the past it has been a private residence, a rectory, day care children s home and a private independent school. Approached via a gated entrance leading to a 120m tree lined drive, the 3.02 acre grounds comprise wooded areas, landscaped spaces, extensive parking and hard playground areas. There is also a gated courtyard and direct access into Hanworth Park. The original detached building is planned on ground and first floors and is arranged as various classrooms, offices etc. The site currently comprises: Original building ground floor Original building first floor 6 x rooms 8 x rooms Kitchen Bathroom and WC s WC s Sweeping double staircase leading to a galleried landing Total floor area approx. 4,866 sq ft (452m²) Cottage/Nursery Teaching block Single storey detached building Modern single storey detached building 2 x classrooms plus kitchen 3 x classrooms Bathroom/WC Total floor area approx. 678 sq ft (63m²) Total floor area approx. 1,163 sq ft (108m²) Total gross internal floor area approx. 6,707 sq ft (623m²) Phases It is proposed that the property will be offered in phases.

3 Phase 1 This will include the original building, the existing teaching block, the cottage (comprising approx. 6,707 sq ft 623 m²) plus a new build teaching block comprising a two storey building of 5 classrooms plus toilets and changing facilities of approximately 4,715 sq. ft. (438 m²). Totalling approx. 11,422 sq ft (1,061 m²). I am advised phase 1 will be ready for occupation Summer/Autumn Subsequent Phases The timing of the development of the subsequent phases to be mutually agreed subject to this being within six years from the date the property is first occupied. The phasing to be mutually agreed leading to the eventual take-up of the entire project of approximately 28,000 sq. ft. (2,631 m²). Phase 2 will require the demolition of the existing cottage. On completion of the final phase, the existing single storey teaching block will also be demolished. When completed the project will include the existing main listed building which will be linked to the new development which is planned on ground and first floors and will offer a mix of classrooms, project rooms, toilets, changing facilities, offices and a multi-purpose double volume hall of approximately 4,941 sq ft (464m²) with a total gross internal floor area of approximately 28,000 sq. ft (2,631 m²). The development will be completed to shell and core finish with capped services, external glazing and lift where appropriate. Exterior Gated tree lined drive leading to landscaped and wooded grounds plus parking areas, gated courtyard and playground areas both hard and landscaped extending to approximately 3.02 acres (0.122 ha) There is a pedestrian access direct into Hanworth Park. Planning I am advised that the current use of the existing buildings is unrestricted D1, having been used as a school for many years. The property is suitable for a continuation of the existing use, day nursery, community, training, medical and educational purposes. Prospective tenants should make their own enquiries regarding specific uses or occupational requirements to the planning department, London Borough of Hounslow Tel; Planning permission has been granted to retain the existing listed building and to extend the property to provide a total of approximately 28,322 sq ft gross internal (2,631 m²) arranged over two floors including a multi-purpose hall of approximately 4,941 sq. ft (464 m²) The proposed extended buildings have been planned as a school comprising, classrooms, offices, function rooms, toilets and changing facilities plus the multi-function/purpose hall. etc. The planning for the new build is education with ancillary uses. This will also encompass the existing building. Services Services in the existing buildings includes: Gas central heating, mains water, gas and electric. CCTV (16 cameras), burglar and fire alarms. Note none of the services have been tested.

4 Rating TBA Plans Plans of the existing building and the proposed new build section are available upon request VAT The property is NOT elected for VAT purposes EPC Band D/E Terms The property is to be let on a new F R & I lease for a term to be agreed, subject to three yearly rent reviews to the greater of open market, RPI or 2.5% pa compounded. Rent Rental offers are invited, subject to contract and subject to the tenants agreeing terms and entering into an agreement for lease in respect of the existing buildings plus the phased development of the new build section as set out below: 1. Existing premises including main listed building, existing teaching block and cottage for which rental offers are invited in the region of 125,000 pax. 2. The development of phase 1 is scheduled to be completed by Summer/Autumn 2017 and will include: The existing main listed building, the existing teaching block, the existing cottage plus a new two storey teaching block comprising five classrooms, toilets plus changing facilities of approximately 4,715 sq. ft. (438 m²), which together with the existing buildings of approximately 6,707 sq. ft. (623 m²) provides a total of approximately 11,422 sq. ft. (1,061 m²). When phase 1 is delivered the rent will be based upon 225,000 pax. Subject to contract. 3. The rents for all the subsequent phases which are to be delivered within 6 years from the date the tenants take occupation will be based upon the open market value at the date the individual phases are completed, subject to this being no less than 21 per square foot pax. Plans and specifications are available upon request. Please note that tenants own requirements may be able to be incorporated, subject to timing, which may require a variation in the rental terms. A rent deposit of 50,000 (non interest bearing) will be required to be paid upon completion. Possession Vacant possession will be available from July 2016 Cost Each party to be responsible for their own legal and professional costs. Reference Charge Claridges charges a fee of 200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord. Holding Deposit Tenants or purchasers wishing to secure this property will be required to pay a holding deposit to Claridges of 3,000. This deposit is not refundable except if the vendor withdraws, clear title cannot be proved or the tenants references are not acceptable to the landlord. This deposit is held in our clients account until completion. VIEWING STRICTLY BY APPOINTMENT ONLY Please note the existing school is still operational and therefore all inspections must be strickly by appointment for which 24 hours prior notice must be given. Please no unaccompanied inspections and please do not approach staff or the children. Contact: Claridges Commercial E: info@claridges-commercial.co.uk

5 Important Notice These property particulars have been prepared in all good faith to give a fair overall view of the property. If you require any further information or verification of any points particularly relevant to your interest in this property, please ask. It should be noted that nothing in these particulars shall be deemed to be a statement that either the property is in good structural condition, or that any services, appliances, installations, equipment or facilities, are in good working order and services connected. No plant, machinery or appliance electrical or mechanical, present at the day of inspection has been tested and accordingly purchasers should satisfy themselves on such matters prior to purchase. These particulars are given as a general guideline only, and do not constitute, nor constitute any part of an offer or contract. Any photographs included within these particulars depict only certain parts of the property and no assumptions should be made with regard to parts of the property that have not been photographed. Furniture, furnishings, personal belongings and other contents, etc., shown in the photographs must not be assumed to be included in the sale, neither should it be assumed that the property or the contents remain as displayed in the photographs. If in doubt, please ask for further information. Measurements, descriptions, areas or distances referred to within the particulars, or indeed within any plan or plans associated with the property are given as a guide only and must not be construed to be precise. If such information is fundamental to a purchase, purchasers are advised to rely upon their own enquiries. Purchasers are advised to make their own enquiries regarding such matters relating to Planning Permissions or potential uses referred to within the particulars, where such information is given in good faith by Claridges. Information relating to rating assessments has been given verbally. Intending purchasers/tenants should satisfy themselves as to its accuracy from the Local Authority. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties, which have been sold, withdrawn or are under offer. Claridges do not hold themselves responsible, in negligence or otherwise, for any loss arising from the use of these particulars. Claridges have not undertaken any environmental investigations in respect of land, air or water contamination. The purchaser/purchasers are responsible for making their own enquiries in this regard. It must be appreciated that in preparing these particulars, descriptions given of the property by the author are personal and subjective and are used in good faith as a personal opinion and not as a statement of fact. To ensure that our descriptions are likely to match any expectations you may have of the property, we strongly recommend and advise that you make additional and specific enquiries. Unless otherwise stated, in accordance with The Finance Act 1989, all prices and rents are quoted exclusive of VAT. (VAT may be chargeable upon some rents and premiums), purchasers and tenants should satisfy themselves during their due diligence if VAT is payable. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. The terms quoted and all subsequent negotiations are subject to contract.