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Kitson Way 12,262 SF Office Building Harlow CM20 1DG $2,019,087 ($164.66/SF)
Investment Highlights
- Property consists of a public house and upper parts with planning consent.
- Planning application has been granted to convert the existing building to residential units and add two-storey extension.
- Vibrant town in Essex.
Executive Summary
The property consists of a public house on the ground and first floor, that have been sold off on a long-leasehold basis to Wetherspoon. The remainder of the upper parts comprise vacant offices that were previously used by the NHS as an office and clinic space (Use Class E).
There is also a small basement where some plant is located. The property benefits from two stair cores and access to 4 existing accessible parking spaces.
Planning has been granted to add a two-storey roof extension and refurbish the existing building to provide 29 apartments retaining the commercial space on the ground and first floor.
The total proposed NIA is approx. 1,632.1 sqm (17,568 sqft).
The existing commercial space on the ground and first floor would be retained as a public house.
There is also a small basement where some plant is located. The property benefits from two stair cores and access to 4 existing accessible parking spaces.
Planning has been granted to add a two-storey roof extension and refurbish the existing building to provide 29 apartments retaining the commercial space on the ground and first floor.
The total proposed NIA is approx. 1,632.1 sqm (17,568 sqft).
The existing commercial space on the ground and first floor would be retained as a public house.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
12,262 SF
Building Class
C
Year Built
1990
Price
$2,019,087
Price Per SF
$164.66
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
3,066 SF
Building FAR
1.56
Lot Size
0.18 AC
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