Freehold Office with Development Potential

Transcription

1 BNP Paribas Real Estate 5 Aldermanbury Square London EC2V 7BP On the instruction of JA Pitt and BJN Moon Joint Fixed Charge Receivers Freehold Office with Development Potential HEADLEY HOUSE, HEADLEY ROAD, GRAYSHOTT, GU26 6TU Site area 0.32 acre (0.13 hectare) Source: Pro Map BNP Paribas Real Estate Head office, 5 Aldermanbury Square, London EC2V 7BP Tel: +44 (0) Fax: +44 (0)

2 Background We are delighted to offer the freehold interest in Headley House, Grayshott, on behalf of JA Pitt & BJN Moon of BNP Paribas Real Estate acting as joint fixed charged receivers. The Property is very well located in an established and affluent part of Surrey. The Property has potential for conversion from office use to residential use (subject to planning), or as a freehold office in an established and wellconnected location. Location The Property is located on the outskirts of Grayshott, Surrey, and lies approximately 16 miles (26 kilometres) to the south-west of Guildford, and 30 miles (48 kilometres) to the north-east of Portsmouth. The Property is located on the north side of Headley Road (B3002) which runs east to west through the village centre. The Property is approximately 0.8 miles (1.3km) from the A3, linking London, Guildford and Portsmouth. The nearest train station is Haslemere, which is 3.9 miles (6.2 kilometres) away, and provides overground rail access into central London (Waterloo Station) in 50 minutes. Source: Bing Maps (not to scale) Description Headley House comprises a 1970s built office building arranged in a T-shaped block and extending over two floors. The ground falls relatively steeply to the north enabling car parking to be provided underneath the main ground floor at a lower level. The site extends to approximately 0.32 acres (0.13 hectares).

3 A full measured survey, warranted to the eventual purchaser of the site and their funders will be available within the information pack in due course. Access is via Headley Road. Vehicular circulation to the rear of the building is via a one-way service road with ramped access down the natural slope of the hillside. There are a total of 28 parking spaces at the Property including under croft parking spaces to the rear. The building is currently configured as nine office suites, each benefitting from allocated car parking, an intercom entrance, perimeter trunking, suspended ceilings, gas central heating, kitchenette facilities and communal toilets. Building frontage Under croft parking to rear of building Tenure and Tenancies The Property is partly let (with an occupancy rate of circa 27% by lettable area) generating a gross rental income of 29,810 per year. It is currently let out as follows: Unit (Floor) Area (sq ft) Area (sq m) 1 (Ground) a (Ground) Tenant Teejet London Ltd Simply Supply Chain Lease Expiry Break Option 05/03/2014 _ 07/03/2015 _ Annual Rent 10,092 (13.80psf) 3,983 (21.50psf) all inclusive rent 2 (Ground) Vacant _ 3a (Ground) Vacant _ 3b (Ground) Vacant _ 3c (Ground) d (Ground) Sterling Surveys Ltd Sterling Surveys Ltd 19/05/ /05/ /05/2016 (Mutual) 20/05/2016 (Mutual) 13,365 ( 15psf) 2,370 ( 15psf) 4 (1st Floor) 2, Vacant _ 5 (1st Floor) 2, Vacant _ TOTAL: 7,347 NIA NIA TOTAL: 29,810 NB- the above floor areas are unverified by BNP Paribas Real Estate. Vacant possession can be secured in May 2016 at the earliest.

4 Planning The Property is located within the jurisdiction of East Hampshire District Council. Planning Policy in the borough is currently determined by The East Hampshire District Local Plan (adopted 2006). The Joint Core Strategy (JCS) was adopted by the Council in May 2014 and by the South Downs National Park Authority in June This document guides the way new development will be planned in the borough up to The Property is not identified for any particular use within any Site Allocations Development Plan Documents (adopted December 2009). Within the Proposals Map (adopted February 2009), the property falls within a Settlement Policy Boundary GS2. This states that as part of the determination of a planning application the Council will have regard to the following material considerations: the full and efficient use of land; sympathy with the character and appearance of the area and the suitability in scale, massing, design, appearance, materials, layout and siting, both in itself and in relation to nearby buildings, spaces and views; landscaping; protection of the living conditions of existing and future residents from, for example, noise, dominance and loss of light and privacy; safety and convenience on the public highway; and any other environmental matters. The Property is within the Grayshott Ward and is therefore exempt from Permitted Development Rights for change of use from office (B1 Use) to residential (C3 Use) within the Town and Country Planning (General Permitted Development) (Amendment) (England) Order Any change of use of the Property will rely on planning permission being granted by the local planning authority. The Property does not contain any listed or locally listed buildings, and is not within a Conservation Area. The Property is not located in a Flood Zone according to the Environment Agency Flood Maps. Residential Conversion Potential The Property lends itself to a conversion from office use to residential use (subject to the grant of appropriate planning permission). Initial drawings provided by the vendors architect indicate a total of 10 apartments can be provided, nine 2-bedroom apartments and one 1-bedroom apartment. An architectural feasibility report detailing the practicalities of conversion as well as proposed plans are included within the information pack. Title The site edged red on the attached Ordnance Survey plan is being offered for sale freehold. The Property is held under title number HP by Weybourne Reef Limited. Office Copy Entries are included within the information pack. There is also a charge in place within the Charges Register, in favour of Diversity Mortgage Titles Limited. Services All mains services are connected to the site, although we advise that these have not been checked by BNP Paribas Real Estate. Prospective purchasers should confirm the availability of services for their own proposals via the appropriate statutory undertaker. We have not tested any of the service installation and provide no warranties as to their condition.

5 Method of Sale Best offers for the freehold interest are invited on a Subject to Contract only basis. We are seeking a 10% deposit on exchange of contracts with the remaining sum payable on completion. Offers must be submitted in a plain envelope marked Headley House December 2014 and addressed to; Julian Gaynor BNP Paribas Real Estate 5 Aldermanbury Square London EC2V 7BP Offers are to be received no later than received by 12 noon on Friday 12 December Prospective purchasers are required when submitting offers to provide the following information: The name of your solicitors; Full evidence of your financial ability to complete the purchase; Confirm that you have read and taken into account the contents of the Information Pack; Where an offer is made by an agent it must be accompanied by a letter from their principal outlining and confirming the basis of the offer made. The Vendor is not required to accept the highest or any offer received. Further Information An Information Pack is available on request and contains the following documents: 1. Site Plan 2. Photographs 3. Existing Floor Plans 4. Asbestos Report 5. EPC Documents 6. Title Information 7. Full Measured Survey The Property has an Energy Performance Asset Rating of D(76). An EPC report is also contained within the Information Pack. Contact Details On site viewings and inspections are strictly by appointment, on specific viewing days with one of the vendor s joint sole agent. Please contact one of the members of the team to book an appointment for one of the viewing days to be held on site. Jason Leete George Unwin Julian Gaynor jason@pleete.co.uk george.unwin@bnppparibas.com julian.gaynor@bnpparibas.com

6 Particulars compiled October 2014