EXCITING DEVELOPMENT/ OWNER-OCCUPIER OPPORTUNITY IN THE HEART OF KENTISH
PROPERTY SUMMARY Freehold Office use (B1a) Osite parkig for 6 cars, additioal parkig available o Regis Road Sold with the beefit of Vacat Possessio Curretly i a Shell ad Core coditio A curret floor area of 23,790 sq ft Withi the Regis Road regeeratio area, as zoed for commercial office ad mixed uses by the Camde Local Pla Curret plaig for additioal widows o rear elevatio ad circa. 4,300 sq ft of further office space Opportuity to expad up to c. 42,000 sq ft subject to plaig permissio Excellet access to Cetral Lodo via Ketish Tow udergroud statio Offers i excess of 11,000,000 showig a Low Capital Value of 462 per sq ft o the existig floor area ( 392 per sq ft o coseted)
LOCATION The Shed is situated o the orth side of Regis Road, just off Ketish Tow Road (A400). Ketish Tow Mailie ad Udergroud Statio (Norther Lie) is withi close walkig distace, providig access to the City ad West Ed, while the Natioal Rail provides services which iclude Luto, St Albas ad Seve Oaks. The property is also momets away from all of the ameities o Ketish Tow Road providig a large choice of restaurats, cafes, bars icludig Pizza East, Dirty Burger ad Chicke Shop. Demad for offices here is strog especially due to the various PD developmets i the area that have reduced the supply of office. This scheme would look to supply high quality, flexible Grade A floor plates of 5,000 to 12,500 sq ft. The earby Highgate Studios office complex is virtually fully let where they achieve retals of circa. 40 per sq ft pax for warehouse style spaces from 1,000 sq ft upwards, which are always highly i demad. BELSIZE PARK ADELAIDE ROAD HAVERSTOCK HILL PRINCE ALBERT ROAD PARK ROAD MARYLEBONE BAKER GEORGE MALDEN ROAD PRINCE OF WALES ROAD MARYLEBONE ROAD BAKER REGENT S PARK GOSPEL OAK CHALK FARM MARYLEBONE BOND OUTER CIRCLE HIGHGATE ROAD MURPHY SITE 0 REGIS RD NEW CAVENDISH REGIS ROAD SITE.1 CHALK FARM ALBANY M GREAT PORTLAND JUNCTION ROAD I L K ENTISH ROAD CAMDEN HIGH OXFORD CIRCUS S E CAMDEN FITZROVIA KENTISH LONDON EUSTON GOODGE ST REET CAMDEN ROAD CAMDEN EVERSHOLT EUSTON SQUARE WARREN 2.4 miles CAMDEN ROAD KINGS CROSS EUSTON ROAD REGIS ROAD REGENERATION ZONE GOODGE EUSTON TOTTENHAM COURT ROAD YORK WAY 0.7 MILES ST.PANCRAS INTERNATIONAL KING S CROSS ST.PANCRAS RUSSELL SQUARE RUSSELL SQUARE OXFORD NEW HOLBORN 1.2 MILES KENTISH KING S CROSS ST PANCRAS OXFORD CIRCUS TOTTENHAM COURT ROAD CHARING CROSS BANK CANARY WHARF Source tfl.org.uk 7 MINS 9 MINS 10 MINS 12 MINS 16 MINS 30 MINS
KENTISH S REGENERATION SCHEME Described by the Ketishtower as the developmet that would chage Ketish Tow forever, The Shed offers the opportuity to be at the forefrot of the latest major commercial regeeratio scheme i North Lodo sice the completio of the recet Kigs Cross scheme. The Shed is at the heart of this ew office destiatio which has bee specifically zoed withi the Camde Local Pla to address the acute shortage of office space i the area ad therefore, to ecourage developmet i the area. This would be alogside a wholesale redevelopmet of Ketish Tow statio icludig a large public square ad a redevelopmet of Ketish Tow Road ad the surroudig areas. The developmet that would chage Ketish Tow forever The Ketishtower I additio to the Regis Road site, the proposed regeeratio of the earby Murphy Site, meas that this area is due for a comprehesive trasformatio i the upcomig years which will serve to substatially boost values i the area ad chage the face of Ketish Tow to a destiatio office locatio.
THE CURRENT BUILDING The Shed is a former warehouse with B1a (Office) coset over 3 floors i Shell ad Core coditio. It gives a occupier the rare opportuity to purchase 23,790 sq ft of office space with the potetial to further exted the floor area (28,128 sq ft coseted) iterally ad exterally ad fit out to their specificatio. PLANNING PERMISSION Plaig coset has bee grated for a additioal 4,338 sq ft of office space ad for additioal widows o the rear elevatio. Existig Shed stripped back ad fit out to shell & core: GIA Groud Floor: (1,060.48 sq m) 11,415 sq ft First Floor: (815.78 sq m) 8,781 sq ft Secod Floor: (333.89 sq m) 3,594 sq ft Total: (2,210.16 sq m) 23,790 sq ft Permitted additioal space: (403.01 sq m) 4,338 sq ft Total existig & permitted: (2,613.17 sq m) 28,128 sq ft
PROPOSED PLANNING APPLICATION Potetial Developmet site spearheadig the ew mixed use Regis Road developmet area as desigated by the Camde Local Pla. Idicative scheme i place for office developmet of up to c. 42,000 sq ft (a extra 17,200 sq ft) by fillig i iteral void & addig a extra floor. Shell ad Core with Vacat Possessio Ability to fit out to purchaser s specificatio ERV of 45 per sq ft o ew scheme Proposed Plaig Applicatio Floor GIA NIA Groud 11,439 10,295 1st 12,085 11,205 2d 12,085 11,205 3rd 10,119 9387 Total 45,728 42,092 Note: Archtect s image for illustrative purposes.
TITLE PLAN TENURE Freehold VAT The property is elected for VAT PRICE Offers i excess of 11,000,000 showig a Low Capital Value of 462 per sq ft o the existig floor area ( 392 per sq ft o coseted) CONTACT For further iformatio or to arrage a ispectio, please cotact joit sole agets: DAMIEN FIELD T 020 7927 0620 E damie@rib.co.uk BEN BLAUSTEN T 020 7927 6331 E be@rib.co.uk SIMON RINDER T 020 7399 8600 E simorider@pilcherhershma.co.uk JAY LEVY T 020 7399 8600 E jaylevy@pilcherhershma.co.uk Ho FRIBA DAVID ROSEN T 020 7399 8600 E davidrose@pilcherhershma.co.uk Please ote that all floor areas have bee recorded by BKR Floorplas. Purchasers are advised to verify all floor areas ad satisfy themselves i that respect. Misrepresetatio Act 1967. These particulars are iteded oly to give a fair descriptio of the property ad do ot form the basis of a cotract or ay part thereof. These descriptios ad all other iformatio are believed to be correct but their accuracy is i o way guarateed (May 2017). Desig ad productio by Oracle Creative www.oraclecreative.co.uk