Greater London Vacant Office For Sale With Potential For Conversion To Residential

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Nancy Kory Harrington
5 years ago
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1 Greater London Vacant Office For Sale With Potential For Conversion To Residential

INVESTMENT SUMMARY BENWELL HOUSE OFFERS A UNIQUE OPPORTUNITY TO ACQUIRE AN EXCELLENTLY LOCATED BUILDING IN AN AFFLUENT LONDON SUBURB WITH EXCELLENT ROAD AND RAIL CONNECTIONS Vacant headquarters

2 INVESTMENT SUMMARY BENWELL HOUSE OFFERS A UNIQUE OPPORTUNITY TO ACQUIRE AN EXCELLENTLY LOCATED BUILDING IN AN AFFLUENT LONDON SUBURB WITH EXCELLENT ROAD AND RAIL CONNECTIONS Vacant headquarters office building located 220m from Sunbury-on-Thames railway station. 25,587 sq ft office set within a 1.98 acre mature landscaped site. Excellent parking ratio of 1:270 sq ft. Full vacant possession. Low site coverage of approximately 12%. Opportunity to convert the building to residential and extend into the roof under Permitted Development Rights. Opportunity for new build residential development within the car park, subject to planning. Offers sought in excess of 8,000,000, subject to contract and exclusive of VAT.

Worcester Northampton 3 M40 Cheltenham Luton Gloucester Stevenage LOCATION Sunbury-on-Thames is a London suburb within the borough of Spelthorne.

Heathrow Airport. Oxford Aylesbury High Wycombe Swindon M4 located on Junction 1 of the M3 motorway provides the Being town with excellent road communications.

Access to surrounding towns such as A4 Kingston, Hammersmith, Richmond and Staines is provided via the A316 and A308 dual carriageways.

Heathrow Airport M1 Southend-on-Sea M25 SUNBURY-ON-THAMES Maidstone Guildford M20 M23 M3 Gatwick Crawley Royal Tunbridge Wells Not to scale.

Bournemouth 45 minutes Southampton M27 Brighton Portsmouth DRIVE TIMES M25 Junction 12 Chelmsford M25 7 minutes Kingston London Waterloo M11 Basingstoke Winchester

3 Worcester Northampton 3 M40 Cheltenham Luton Gloucester Stevenage LOCATION Sunbury-on-Thames is a London suburb within the borough of Spelthorne. Sunbury is an affluent suburban town M5 west of central London, 7 miles west situated 14 miles south wmbran of Kingston, 4 miles east of Staines and 5 miles south of Heathrow Airport. Oxford Aylesbury High Wycombe Swindon M4 located on Junction 1 of the M3 motorway provides the Being town with excellent road communications. Junction 12 of the M25 is only 6 miles to the west, providing access to the wider M5 Bristol motorway network. Access to surrounding towns such as A4 Kingston, Hammersmith, Richmond and Staines is provided via the A316 and A308 dual carriageways. Sunbury s railway station provides services to London M3 Hampton Shepperton 5 minutes 18 minutes Wimbledon 30 minutes Clapham Junction 38 minutes Vauxhall 43 minutes Heathrow Airport M1 Southend-on-Sea M25 SUNBURY-ON-THAMES Maidstone Guildford M20 M23 M3 Gatwick Crawley Royal Tunbridge Wells Not to scale. For identification purposes only. Bournemouth 45 minutes Southampton M27 Brighton Portsmouth DRIVE TIMES M25 Junction 12 Chelmsford M25 7 minutes Kingston London Waterloo M11 Basingstoke Winchester Salisbury Colchester Stansted Heathrow Reading London Waterloo of 45 minutes. TRAIN TIMES A1(M) London M4 A37 Heathrow Airport is located 5 miles to the north of Sunbury and Gatwick is 30 miles to the south east. M1 Maidenhead Bath per-mare Waterloo and Shepperton with average journey times into on Ipswich Milton Keynes Hereford wport Newmarket Bedford 6 miles / 7 minutes 5 miles / 17 minutes Gatwick Airport 30 miles / 40 minutes Central London 14 miles / 40 minutes Newport Eastbourne

4 4 HEATHROW AIRPORT (5 MILES) M3 STAINES ROAD WEST (A308) SUNBURY CROSS CHUBB HOUSE J1 A&A GROUP SUNBURY STATION SUNLINK ONE M3 STAINES ROAD EAST (A308)

5 SITUATION M3 Kempton Park Benwell House is located on Green Street,

The areas immediately surrounding Benwell House are predominatntly

2 miles from Junction 1 of the M3 and the A316, which provide access

There is a good range of amenities within the local area, Sunbury

a number of shops including: Marks & Spencer Simply Food, Costa

Council and is not listed, located within a Conservation Area or

5 5 SITUATION M3 Kempton Park Benwell House is located on Green Street, 220m from Sunbury railway station. The areas immediately surrounding Benwell House are predominatntly residential and in addition there is a residential care home adjacent to the site at the northern boundary. Benwell House is approximately 0.2 miles from Junction 1 of the M3 and the A316, which provide access out to the wider motorway network and into central London. There is a good range of amenities within the local area, Sunbury Cross Shopping Centre is a 5 minute walk from the property which has a number of shops including: Marks & Spencer Simply Food, Costa Coffee, a Premier Inn hotel as well as other retail and leisure facilities. The property falls within the jurisdiction of Spelthorne Borough Council and is not listed, located within a Conservation Area or located in a designated Employment Area. Windmill Rd (A244) Windmill Rd (A244) Upper Halliford Staines Rd W (A308) Sunbury Cross Shopping Centre M3 Nursery Rd J1 Green St Sunbury Green St Staines Rd E (A 08) Kempton Park Not to scale. For identification purposes only.

7 7 DESCRIPTION TYPICAL FLOOR PLAN Benwell House is a purpose built office building constructed in the mid 1980s. The building totals 25,587 sq ft over ground and two upper floors and is set within 1.98 acres (0.8 ha) of landscaped grounds. The property was substantially refurbished in 2012 to include the following; XX VAV Air Conditioning XX Full access raised floor XX Suspended ceiling XX Two 8-person passenger lifts XX Terrace on the first floor XX Male, female and disabled WCs The property benefits from 95 marked car parking spaces providing an excellent ratio of 1:270 sq ft. ACCOMMODATION The property has been measured by Plowman & Craven on a net internal area basis, in accordance with the RICS Code of Measuring Practice (6th Edition) and provides the following net internal areas; Demise Sq Ft Sq M Second Floor 8, First Floor 8, Ground Floor 8, Reception TOTAL 25,587 2,377.1 Not to scale. For indentification purposes only.

1 3 Heatherslade 2 18 11 12 to 13 9 PLANNING SITE AREA A detailed planning appraisal is available on the dataroom but we have summarised the key considerations below.

9 1 3 Heatherslade to 13 9 PLANNING SITE AREA A detailed planning appraisal is available on the dataroom but we have summarised the key considerations below. The property falls within the jurisdiction of Spelthorne Borough Council and is not listed or located within a Conservation Area. Under the Town and Country Planning (General Permitted Development) (England) Order 2016 planning permission is not required for the conversion of the existing office building (Use Class B1 (a)) including the ancillary roof space, to residential (Use Class C3). These permitted development rights are subject to the submission of an application for Prior Approval including details of noise mitigation, transport and highways impact, contamination and flooding. Any associated alterations affecting the external appearance of the building will require planning permission including roof level windows. The development of the car park and grounds for residential purposes is generally in accordance with adopted planning policies contained within The Spelthorne Core Strategy and Policies DPD 2009 which seek to encourage residential development on suitable sites in the borough. The key considerations relating to the redevelopment of the Site include impact on protected trees, density, impact on residential amenity of adjoining properties and achievement of other planning requirements including affordable housing, mix of units and car parking. The adopted Core Strategy requires a 50% affordable housing provision on developments comprising 15 or more dwellings and on sites of more than 0.5 hectares. The proposed new development will come in under this threshold avoiding the requirement to provide affordable housing. There are a number of TPOs on site which need to be taken into account when considering the redevelopment of the car park and grounds. An assessment of the protected trees has concluded that there may be scope to remove some of those trees to the east of the existing building as these trees have structural issues or have little amenity value. Benwell House extends to a site area of approximately 1.98 acres (0.8 ha). TENURE The property is held freehold. Bridge Foot DOWNSIDE Mitchison Court Benwell Centre 1 to BENWELL 6 7 COURT to Nexus Day Centre El Sub Sta Benwell House HOMEWATERS Homewaters (Health Centre) AVENUE m 10m 20m 30m Isercleran GREEN STRE 1 to 10 DUNNELL CLOSE

F t 11 12 27 to 30 26 10 RESIDENTIAL DEVELOPMENT POTENTIAL HLM Architects were instructed to prepare a high level feasibility study for the potential redevelopment of the site to residential uses.

Rights, with new build residential accommodated in the surrounding car park. The indicative scheme prepared by HLM Architects comprises the following accommodation: Unit Type No.

10 F t to RESIDENTIAL DEVELOPMENT POTENTIAL HLM Architects were instructed to prepare a high level feasibility study for the potential redevelopment of the site to residential uses. It is considered that the most appropriate redevelopment of the site would comprise the conversion of the existing office building and roof space to residential uses under Permitted Development Rights, with new build residential accommodated in the surrounding car park. The indicative scheme prepared by HLM Architects comprises the following accommodation: Unit Type No. Of Units Average sq m Average sq ft Combined sq m Combined sq ft Studio Flat ,721 1 Bed Flat ,426 15,349 4 Bed House , ,512 16,275 Total 76 3,934 42,345 There is also potential for a more comprehensive redevelopment of the site and the opportunity to deliver an entirely new build residential scheme, subject to planning El Sub Sta CGI OF THE INDICATIVE HLM SCHEME

11 EPC The Energy Performance Certificate is available in the dataroom. CONTACT For further information, or to arrange an inspection, please contact: VAT The property has been elected for VAT.

11 11 EPC The Energy Performance Certificate is available in the dataroom. CONTACT For further information, or to arrange an inspection, please contact: VAT The property has been elected for VAT. MARKETING DATA SITE Further information on the property and planning is available at: PROPOSAL We have been instructed to seek unconditional offers in excess of 8,000,000 subject to contract and exclusive of VAT. VIEWINGS Viewings are strictly by appointment, please contact Savills to make an appointment. Mark Porter Olivia Wood Rob Pollock Bob Shattock IMPORTANT NOTICE Savills, their clients and any joint agents give notice that: 1.They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2.Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: June 2017

40-46 Surbiton Road Kingston-upon-Thames Surrey, KT1 2JR. South West London Redevelopment / Investment Opportunity

40-46 Surbiton Road Kingston-upon-Thames Surrey, KT1 2JR. South West London Redevelopment / Investment Opportunity Surrey, KT1 2JR South West London Redevelopment / Investment Opportunity EXECUTIVE SUMMARY. South West London redevelopment opportunity Kingston is an affluent location An established office location with