For Sale. Freehold/ Part Long Leasehold. Substantial Redevelopment/ Reconfiguration Opportunity gva.co.uk/14036

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1 For Sale ON BEHALF OF NJ Pask and RJ Goode Joint LPA Receivers Former BHS Department Store 7 The Forum Stevenage SG1 1ES Freehold/ Part Long Leasehold Substantial Redevelopment/ Reconfiguration Opportunity gva.co.uk/14036

2 Highlights Substantial former department store in Central Stevenage 7,500 sq.m (80,758 sq.ft) arranged over basement, ground and three upper floors Stevenage is currently subject to substantial regeneration programme ( Significant Redevelopment/ Reconfiguration Opportunity with potential to increase massing (STPP) Potential alternative uses Predominantly Freehold with Part Long Leasehold Offers invited Further information available at gva.co.uk/14036 THE PROPERTY Location Stevenage is located approximately 27 miles (43km) north of Central London. The town is located on the A1(M) and just 10 miles (16km) to the West of the M1. The town benefits from excellent rail connections with journey times to London Kings Cross in just 25 minutes. London Luton and Stansted airports are also within a short drive. The subject property is located on the north side of The Forum, directly opposite the Westgate Centre, and within a 5 minute walk of the train station and the town s prime retailing street, Queensway.

3 THE PROPERTY Description Built in 1976, the building is of concrete framed construction with brick and concrete cladding. The property is arranged over basement, ground and three upper floors and totals circa 7,500 sq.m (80,758 sq.ft). The floorplate is regular in shape and offers subdivision potential. Floor Area (GIA) FLOOR SQ M SQ FT Basement ,451 Ground 2, ,538 First 2, ,696 Second 2, ,712 Third ,361 TOTAL 7, ,758 The site covers an area of approximately 0.59 acres (0.239 hectares).

4 THE PROPERTY Planning As per the Local Plan (2016), the subject property falls within the Town Centre, an area designated with a range of uses including A1/A3/A4 uses, B1 offices, C3 residential, C1 hotel and D1/2 leisure uses. The plan identifies the need for large scale regeneration of the Town Centre with a view to bringing residents and in turn a mixed community back to the traditional centre. Subject to planning therefore, a range of alternative uses may be deliverable. A commissioned planning overview is available on request. Tenure The property is held freehold under title number HD The sale also includes two parcels of land to the rear of the building in the service yard held under title number HD This land is held on a 999 year lease from 25/05/1976. The Property is subject to leases to the former tenants (in Administration). We propose to provide vacant possession upon sale as required. Energy Performance Certificate The building benefits from a current rating of E. VAT We understand that the property is elected for VAT. Asking Price Offers invited.

5 For further information, please contact: Jamie Lamond MRICS Director T +44 (0) M +44 (0) jamie.lamond@gva.co.uk > Click here for more information regarding Restructuring Solutions. Property ref: gva.co.uk/14036 Our offices: Birmingham Bristol Cardiff Dublin Edinburgh Glasgow Leeds Liverpool London Manchester Newcastle GVA 65 Gresham Street, London, EC2V 7NQ GVA is the trading name of GVA Grimley Limited GVA Particulars dated May 2018 GVA hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent GVA is) in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract. (2) All descriptions, dimensions and references to this property s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise. (3) No person in the employment of GVA, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. (4) All prices quoted are exclusive of VAT. (5) GVA shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA.