CLARENDON HOUSE, QUEENS ROAD READING RG1 4BN REDEVELOPMENT / PERMITTED DEVELOPMENT OPPORTUNITY FREEHOLD OFFICE BUILDING FOR SALE

Size: px

Start display at page:

Download "CLARENDON HOUSE, QUEENS ROAD READING RG1 4BN REDEVELOPMENT / PERMITTED DEVELOPMENT OPPORTUNITY FREEHOLD OFFICE BUILDING FOR SALE"

Edith Parrish
5 years ago
Views:

604 of an acre: low density site Town Centre Location Prominence to Inner Distribution Road 60 surface level parking

1 REDEVELOPMENT / PERMITTED DEVELOPMENT OPPORTUNITY FREEHOLD OFFICE BUILDING FOR SALE KEY FEATURES 1,719 sq m (18,500 sq ft) Net Internal Office Area and potential residential Net Sales Area under Permitted Development of an acre: low density site Town Centre Location Prominence to Inner Distribution Road 60 surface level parking spaces Opportunity to convert to residential use New building option up to 70 units, subject to planning 1,719 sq m (18,500 sq ft) Net Internal Area

2 PERMITTED DEVELOPMENT OPTION NEW BUILDING INDICATIVE OPTION Above: Indicative Ground Floor Plan Above: Indicative 1 st to 4 th Floor Plan One option retains the existing building and provides a new 8 level tower providing 57 apartments

LOCATION Situated in a prominent location on Queens Road, south of Reading town centre fronting the Inner Distribution Road with views towards the River Kennet.

West Country. The University of Reading is within easy walking distance, as is The College of Estate Management, Thames Valley University and The Royal Berkshire Hospital.

3 LOCATION Situated in a prominent location on Queens Road, south of Reading town centre fronting the Inner Distribution Road with views towards the River Kennet. The property is within easy walking distance of The Oracle shopping centre and Reading Station, providing a direct service (26 minutes) to London Paddington and also access to the Midlands and the West Country. The University of Reading is within easy walking distance, as is The College of Estate Management, Thames Valley University and The Royal Berkshire Hospital. The Elizabeth Line (opening 2019) will run to Reading, serving a total of 40 stations and will significantly improve access and journey times across the City and Canary Wharf: Reading to Paddington: 26 mins Reading to West End (Bond Street): 30 mins Reading to City (Liverpool Street): 36 mins Reading to Canary Wharf: 44 mins There will be 24 Elizabeth Line trains an hour from Paddington through Central London. Future Proof: London Heathrow will be less than half an hour from Reading when the new Western Rail link becomes operational.

4 DESCRIPTION Clarendon House is a prominent five storey office building currently providing open plan space with some partitioned rooms. SPECIFICATION Raised floors Suspended ceilings Reception area and stairwells Basement storage area Currently laid out as air-conditioned offices Excellent natural light to 3 elevations Regular floorplate layout; easily divisible 60 on-site allocated car parking spaces

READING The University of Reading is ranked in the top 1% of universities in the world and has around

The Oracle Shopping Centre, is just 5 minutes walk away: Over 80 shops 21 cafés & restaurants 10 screen Vue

Several Gyms are also located in the vicinity including the nearby Buzz Gym ( 19.

A fantastic mix of mainstream and independent Coffee / Café offerings 50 Bars & Clubs in Reading Reading is

These will soon include a new Thames Bridge linking the north bank with the railway station.

5 READING The University of Reading is ranked in the top 1% of universities in the world and has around 17,000 students made up of more than 140 nationalities. The Oracle Shopping Centre, is just 5 minutes walk away: Over 80 shops 21 cafés & restaurants 10 screen Vue Cinema 17,000,000 footfall per annum The Average house price in Reading is just below 350,000. Several Gyms are also located in the vicinity including the nearby Buzz Gym ( pcm membership), further afield Advance Gym and The Gym, Reading. A fantastic mix of mainstream and independent Coffee / Café offerings 50 Bars & Clubs in Reading Reading is served by a 37 mile cycle network, of which 17 miles are segregated from general traffic. These will soon include a new Thames Bridge linking the north bank with the railway station. Reading has launched Readybike a London-style bike hire scheme with 29 docking stations throughout the urban area. Reading will outperform London in terms of growth in 2015 to 2018 (Source: EY Report). Highest density of digital tech businesses in the UK (Source: Tech Nation).

6 EPC Energy Performance Rating: C TENURE Freehold. PRICE Unconditional offers are sought in excess of 3,000,000 (Three million pounds). VAT is applicable. LEGAL COSTS Each party to bear their own legal costs. SERVICES Vail Williams LLP has not checked and does not accept responsibility for any of the services within this property and would suggest that any purchaser satisfies themselves in this regard. DATA ROOM The following information is available via jdeluca@vailwilliams.com: 1) Title details 2) Floor Plans (existing, permitted development options, and redevelopment options.) 3) Structural Assessment 4) Utility Information 5) Flood Risk Assessment 6) Topographical Survey/CAD Plans VIEWING Strictly by appointment through the sole agents. Several open house viewing appointments will be arranged. CONTACT Vail Williams LLP 550 Thames Valley Park Drive Reading Berkshire RG6 1PT Charlie Nicholson Tel: cnicholson@vailwilliams.com Andrew Osborne Tel: aosborne@vailwilliams.com MARCH 2017 Misrepresentation Act 1967 Vail Williams LLP for themselves and for the vendors or lessors of this property, whose agents they are, give notice that: 1. The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute nor constitute part of an offer or contract. 2. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of Vail Williams has any authority to make any representation or warranty whatsoever in relation to this property. Finance Act 1989 Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T.). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of V.A.T. in respect of any transaction. Birmingham Crawley Guildford Heathrow London Portsmouth Southampton Thames Valley Vail Williams LLP, a Limited Liability Partnership, registered in England (number OC319702). Registered Office: 550 Thames Valley Park Drive, Reading, Berkshire RG6 1PT. Any reference to a Partner means a Member of Vail Williams LLP or an employee or consultant with equivalent standing and qualifications. A full list of Members is open for inspection at the registered office. Regulated by RICS. Our Services: Acquisition & Disposal, Building Consultancy, Corporate Real Estate, Development Consultancy, Investment and Funding, Leasing Advisory, LPA Receivership, Planning Consultancy, Property Asset Management, Rating, Valuation

Significant Conversion or Redevelopment Potential (STP) Freehold with Vacant Possession

Significant Conversion or Redevelopment Potential (STP) Freehold with Vacant Possession 023 8082 0900 vailwilliams.com Key Features Conversion / Re-development Opportunity Sought After Student Location