Vacant 3 Storey Office Building with Planning Permission for 20 Apartments
Total Approximate Site Area of 0.22 Acres
Consent to provide a mix of 11 x 1 beds, 8 x 2 beds and 1 x 3 bed Apartments
Newly Enhanced Scheme extending to approximately 16,189 sq. ft. GIA
Busy and Popular location close to Bracknell Town Centre
Prominent position on London Road (A329)
Lot 17
Auction 16th February 2023
Vacant Possession
Status Sold Post
Price
Sector Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
10 miles east of Reading, 8 miles south west of Slough, 31 miles west of Central London
Roads
A322, A329(M), M3, M4, M25
Rail
Bracknell Railway Station (Approx 1 hour to London Waterloo/ London Paddington)
Air
London Heathrow Airport
Situation
Bracknell is a popular commuter town with excellent road and rail connections, being located less than four miles from J10 of the M4 and 7 miles from J3 of the M3, Bracknell railway station with direct trains to London and Reading, and London Heathrow Airport being situated 10 miles east.
The property is located on the north side of London Road (A329), equidistant between the Met Office Roundabout and the Eastern Roundabout. The princess Square Bracknell Shopping Centre and the Lexicon Shopping centre are both a short walk away. The immediate vicinity includes some recently developed residential schemes, houses, offices, hotels and light industrial.
Tenure
Freehold.
Location
Miles
10 miles east of Reading, 8 miles south west of Slough, 31 miles west of Central London
Roads
A322, A329(M), M3, M4, M25
Rail
Bracknell Railway Station (Approx 1 hour to London Waterloo/ London Paddington)
Air
London Heathrow Airport
Situation
Bracknell is a popular commuter town with excellent road and rail connections, being located less than four miles from J10 of the M4 and 7 miles from J3 of the M3, Bracknell railway station with direct trains to London and Reading, and London Heathrow Airport being situated 10 miles east.
The property is located on the north side of London Road (A329), equidistant between the Met Office Roundabout and the Eastern Roundabout. The princess Square Bracknell Shopping Centre and the Lexicon Shopping centre are both a short walk away. The immediate vicinity includes some recently developed residential schemes, houses, offices, hotels and light industrial.
Tenure
Freehold.
Description
The property comprises a vacant office building of approximately 1,914 sq. ft. (177.97 sq. m.) arranged over ground, first and second floors on a site of 0.22 Acres. The property also benefits from an undercroft car park with dual access on to London Road providing 20 spaces.
The property benefits from planning permission under planning reference 20/01083/FUL to create 5-storey residential scheme comprising 20 apartments together with parking provisions for 22 vehicles.
VAT
VAT is applicable to this lot.
Planning
Planning Permission has been granted under planning reference 20/01083/FUL to create 5-storey residential scheme comprising 20 apartments (www.bracknell-forest.gov.uk). The 20 apartments will comprise a mix of eleven 1 bedroom apartments, eight 2 bedroom apartments and one 3 bedroom apartment.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a vacant office building of approximately 1,914 sq. ft. (177.97 sq. m.) arranged over ground, first and second floors on a site of 0.22 Acres. The property also benefits from an undercroft car park with dual access on to London Road providing 20 spaces.
The property benefits from planning permission under planning reference 20/01083/FUL to create 5-storey residential scheme comprising 20 apartments together with parking provisions for 22 vehicles.
VAT
VAT is applicable to this lot.
Planning
Planning Permission has been granted under planning reference 20/01083/FUL to create 5-storey residential scheme comprising 20 apartments (www.bracknell-forest.gov.uk). The 20 apartments will comprise a mix of eleven 1 bedroom apartments, eight 2 bedroom apartments and one 3 bedroom apartment.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Possession
Ground First Second
Office Office Office
53.48 57.01 67.48
(575) (613) (726)
VACANT POSSESSION
Total Approximate Floor Area
177.97
(1,914) (1)
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
