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Northumberland House Drake Ave 10,414 SF 100% Leased Office Building Staines TW18 2AP $2,002,029 ($192.24/SF)
INVESTMENT HIGHLIGHTS
- Planning consent for thirteen residential units (four x one bed flats and nine x two bed flats) plus car parking.
- CIL payment due/Nil affordable housing
- Further details and plans available upon request
- Close to Staines Railway Station providing easy access to Waterloo
- Formerly a two-storey office building, now demolished
- Ready for construction - cleared site
- Just over a mile away from the M25
- Sale price - £1,500,000
EXECUTIVE SUMMARY
Description
The site was formerly a two-storey building which was demolished in recent months.
Planning summary:
The scheme has consent from Spelthorne Borough Council for thirteen residential units over a three-storey building, comprising; four one-bed flats and nine two-bed flats plus fifteen under-croft car parking spaces. The CIL payments in relation to the consented scheme come to £152,981. Nil Section 106 and nil social or affordable housing provision.
The planning application and associated documents can be found using this Application Reference: 21/00947/FUL (Planning Applications Online (spelthorne.gov.uk)
Further details and plans available upon request
Location
The site is located on the junction of Drakes Road and Greasham Road- just 0.2 miles away from Staines Train Station (two minutes' walk), which offers a connection time to Waterloo of 38 minutes, and a connection time to Clapham Junction of 25 minutes.
With easy access to Elmsleigh Shopping Centre and Staines High Street, the site is also just over a mile away from the M25, and just fifteen minutes' drive from Heathrow Airport.
Viewings
By appointment with Stirling Ackroyd
The site was formerly a two-storey building which was demolished in recent months.
Planning summary:
The scheme has consent from Spelthorne Borough Council for thirteen residential units over a three-storey building, comprising; four one-bed flats and nine two-bed flats plus fifteen under-croft car parking spaces. The CIL payments in relation to the consented scheme come to £152,981. Nil Section 106 and nil social or affordable housing provision.
The planning application and associated documents can be found using this Application Reference: 21/00947/FUL (Planning Applications Online (spelthorne.gov.uk)
Further details and plans available upon request
Location
The site is located on the junction of Drakes Road and Greasham Road- just 0.2 miles away from Staines Train Station (two minutes' walk), which offers a connection time to Waterloo of 38 minutes, and a connection time to Clapham Junction of 25 minutes.
With easy access to Elmsleigh Shopping Centre and Staines High Street, the site is also just over a mile away from the M25, and just fifteen minutes' drive from Heathrow Airport.
Viewings
By appointment with Stirling Ackroyd
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
10,414 SF
Building Class
B
Year Built
1975
Price
$2,002,029
Price Per SF
$192.24
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,776 SF
AMENITIES
- Kitchen
- Central Heating
- Common Parts WC Facilities
- Fully Carpeted
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Cadline
- -
- -
- -
- -
- Electropoint Ltd
- -
- -
- -
- -
- Gilmour Quinn Financial Planning Ltd
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Cadline | - | - | - | - | ||
| Electropoint Ltd | - | - | - | - | ||
| Gilmour Quinn Financial Planning Ltd | - | - | - | - |
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Northumberland House | Drake Ave
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