ENTER Office with Permitted Development Rights For Sale
HOME DESCRIPTION & LOCATION DEVELOPMENT TERMS 3-storey office building of circa 24,286ft 2 GIA with approximately 29 car parking spaces, positioned on a 0.5 acre site Prior Approval granted for conversion of the entire building to create 34 residential units via Permitted Development Rights Located in the commuter town of Colchester, with a direct links to London Liverpool Street Station in 57 minutes Offers are invited in the region of 3,000,000 for the freehold interest which reflects 124 per ft 2 on the gross area
HOME DESCRIPTION & LOCATION DEVELOPMENT TERMS DESCRIPTION Dugard House is a self contained 3-storey office building, extending to approximately 24,286ft 2 Gross Internal Area. The property benefits from 29 parking spaces within a surface level car park. The property occupies a prominent corner site extending to approximately 0.5 acres. The building is of concrete framed construction under a flat roof and is arranged over ground and 2 upper floors, with an internal courtyard in the centre. The site is bounded by a mix of residential and light industrial properties. LOCATION Dugard House is situated in a prominent position on Peartree Road at its junction with Moss Road, within Colchester Borough Council. Colchester town centre is situated approximately 2.8 miles from the property offering a wide range of shops, restaurants and amenities. Colchester Station is located approximately 3 miles from the property, providing frequent National Rail services to London Liverpool Street with journey times of approximately 57 minutes.
HOME DESCRIPTION & LOCATION DEVELOPMENT TERMS DEVELOPMENT POTENTIAL Prior Approval was granted on 8th August 2017, under reference 171569, for the conversion of the entire property to form 34 residential units by way of Permitted Development Rights, with a Net Internal Area of 20,561ft 2 as per the schedule. The approved drawings are available within the dataroom. The online Prior Approval application can be found here. There may be potential to construct additional storeys to create additional residential units, subject to planning permission. Proposed Ground Floor Layout Unit Floor Description NIA ft 2 NIA m 2 1 Ground Two Bedroom Four Person Apartment 526 49 2 Ground One Bedroom Two Person Apartment 403 37 3 Ground Two Bedroom Four Person Apartment 701 65 4 Ground Two Bedroom Four Person Apartment 733 68 5 Ground Two Bedroom Four Person Apartment 620 58 6 Ground Two Bedroom Four Person Apartment 897 83 7 Ground Two Bedroom Four Person Apartment 622 58 8 Ground Two Bedroom Four Person Apartment 825 77 9 Ground Two Bedroom Four Person Apartment 928 86 10 Ground One Bedroom Two Person Apartment 498 46 11 Ground Two Bedroom Four Person Apartment 727 68 12 Ground Two Bedroom Four Person Apartment 617 57 13 First One Bedroom Two Person Apartment 463 43 14 First Two Bedroom Four Person Apartment 517 48 15 First Two Bedroom Four Person Apartment 667 62 16 First One Bedroom Two Person Apartment 549 51 17 First Two Bedroom Four Person Apartment 753 70 18 First One Bedroom Two Person Apartment 495 46 19 First One Bedroom Two Person Apartment 463 43 20 First Two Bedroom Four Person Apartment 646 60 21 First Two Bedroom Four Person Apartment 603 56 22 First Two Bedroom Four Person Apartment 538 50 23 First Two Bedroom Four Person Apartment 527 49 24 Second One Bedroom Two Person Apartment 463 43 25 Second Two Bedroom Four Person Apartment 538 50 26 Second Two Bedroom Four Person Apartment 667 62 27 Second Two Bedroom Four Person Apartment 549 51 28 Second Two Bedroom Four Person Apartment 753 70 29 Second One Bedroom Two Person Apartment 495 46 30 Second One Bedroom Two Person Apartment 463 43 31 Second Two Bedroom Four Person Apartment 646 60 32 Second Two Bedroom Four Person Apartment 603 56 33 Second Two Bedroom Four Person Apartment 538 50 34 Second Two Bedroom Four Person Apartment 527 49 Total 20,561 1,910
www.kingsbury-consultants.co.uk HOME TENURE The property will be sold freehold, with vacant possession on completion. VAT The property is not elected for VAT. TERMS Offers are invited in the region of 3,000,000 which reflects a low capital value of 124 per ft2. ADDITIONAL INFORMATION Additional information such as floor plans and prior approval notices can be found in our dataroom using the password Dugard. CONTACT To discuss any aspect of the property of disposal process, please contact the sole selling agents: Paul Heale 020 7183 2529 paul.heale@kingsbury-consultants.co.uk Keir Goldstein 020 7183 2529 keir.goldstein@kingsbury-consultants.co.uk Kingsbury 1st Floor, 81 Alie Street, London E1 8NH Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268. DESCRIPTION & LOCATION DEVELOPMENT TERMS