Park House, 117 Park Road Peterborough Cambridgeshire PE1 2TS

  • Park House, 117 Park Road<br>Peterborough<br>Cambridgeshire<br>PE1 2TS

Park House, 117 Park Road
Peterborough
Cambridgeshire
PE1 2TS

Freehold Office/Residential Development Opportunity

  • Approximately 952.84 sq m (10,256 sq ft) of well configured office accommodation
  • Includes 25 car parking spaces
  • Prior Approval granted for conversion to 24 x one bedroom flats
  • Asset management opportunities
  • Of interest to investors, developers and owner occupiers
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    64
  • Auction
    11th February 2016
  • Vacant Possession
  • Status
    Sold
  • Price
    £1,260,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Insolvency Practitioners
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Freehold Office/Residential Development Opportunity

  • Approximately 952.84 sq m (10,256 sq ft) of well configured office accommodation
  • Includes 25 car parking spaces
  • Prior Approval granted for conversion to 24 x one bedroom flats
  • Asset management opportunities
  • Of interest to investors, developers and owner occupiers
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 64
  • Auction 11th February 2016
  • Vacant Possession
  • Status Sold
  • Price £1,260,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Insolvency Practitioners

Property Information

Location
Miles
37 miles north of Cambridge, 41 miles north-east of Northampton, 42 miles east of Leicester
Roads
A1(M), A15, A16, A47
Rail
Peterborough Railway Station
Air
Stansted Airport, Luton Airport
Situation

The property is prominently situated in a popular office and residential location ¼ mile north of the city centre on the west side of Park Road, which connects the city centre to the south and Peterborough University Centre/Central Park to the north.

Tenure

Freehold.

Location
Miles
37 miles north of Cambridge, 41 miles north-east of Northampton, 42 miles east of Leicester
Roads
A1(M), A15, A16, A47
Rail
Peterborough Railway Station
Air
Stansted Airport, Luton Airport
Situation

The property is prominently situated in a popular office and residential location ¼ mile north of the city centre on the west side of Park Road, which connects the city centre to the south and Peterborough University Centre/Central Park to the north.

Tenure

Freehold.

Description

The property comprises well configured office accommodation over the ground, first and second floors with a main entrance accessed directly from Park Road and a secondary entrance from the car park to the rear. The property benefits from suspended ceilings, Cat II lighting, perimeter trunking, passenger lift and car parking for approximately 25 cars.

Planning
A decision was made on 7th October 2013 to grant Prior Approval for the conversion from Offices (B1) to 24 x one bedroom flats (Residential C3) with 25 on-site car parking spaces. Further information: Ref: 13/01262/PRIOR Peterborough City Council. Planning Services, Stuart House East Wing, St John’s Street, Peterborough PE1 5DD.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises well configured office accommodation over the ground, first and second floors with a main entrance accessed directly from Park Road and a secondary entrance from the car park to the rear. The property benefits from suspended ceilings, Cat II lighting, perimeter trunking, passenger lift and car parking for approximately 25 cars.

Planning
A decision was made on 7th October 2013 to grant Prior Approval for the conversion from Offices (B1) to 24 x one bedroom flats (Residential C3) with 25 on-site car parking spaces. Further information: Ref: 13/01262/PRIOR Peterborough City Council. Planning Services, Stuart House East Wing, St John’s Street, Peterborough PE1 5DD.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Possession
Ground
First
Second
Office
Office
Office
310.10 sq m
313.56 sq m
329.18 sq m
(3,338 sq ft)
(3,375 sq ft)
(3,543 sq ft)
VACANT POSSESSION
Totals  
952.84 sq m
(10,256 sq ft)
 

This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Contacts

Seller's Solicitors
Olswang LLP 2nd Floor, The Blade Abbey Square
Reading
RG1 3BE
Carol Griffin 0207 071 7357carol.griffin@olswang.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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