Office development for sale in Brentford

This property is marketed by:
Vokins

Description

Canute House comprises a high-quality waterside development of primarily residential accommodation, with a Holiday Inn hotel, and other adjoining ground floor offices.

This property comprises ground, first and second floor self-contained L-shaped accommodation, enjoying fine views over the River Brent/ Grand Union Canal.

Units 1 and 2 are constructed over the ground floor with separate entrances however, have access to a shared communal entrance with WCs and lift, subsequently leading up to the first and second floor offices of 3-6 Canute House. The property has 7 allocated car parking spaces which are found in the estate car park to the front of the property.

Internally, the offices have been fitted out to provide a mix of open plan space, meeting rooms, storage and server rooms, kitchen together with separate male and female WCs.

Externally, the property sits within a landscaped and well-maintained waterside development.

Size

5,946 sq ft

Terms

The property is available on the basis of existing 999 year long leasehold from 19th March 1999.

Unit 2 is to be sold with vacant possession and Unit 1 and 3-6 will be subject to the current leases.

Unit 1 is currently let to ISB Global Limited expiring in November 2027 at a rent of £21,430 pax, held outsidethe security of tenure provision of the 1954 Landlord & Tenant Act, with a mutual rolling break clause.

Unit 3-6 is currently let to Deliver Plus Limited until 14th July 2023 at a passing rental of £62,912 pax, held outsidethe security of tenure provision of the 1954 Landlord & Tenant Act.

Development Potential

We understand that the property is not in an area designated by the local authority with Article 4 exemption. This means that subject to compliance with statutory requirements, in principal the offices could be converted to residential without the need for full planning permission, under Prior Approval procedures.

Applicants seeking residential development or a change of use for the property would need to seek approval from the freeholder and are invited to provide details of their proposals to establish whether freeholder consent would be granted.

Please note that offers are invited on an unconditional basis only.

Location

The property comprises a 1980’s constructed office development, fronting the Durham Wharf Drive, located off Commerce Road in Brentford backing onto the Holiday Inn Hotel.

Brentford is located approximately 8 miles west of Central London. As a location, it offers good road communications via the Great West Road (A4), South Circular Road (A205) and North Circular Road (A406) which provide easy access to the national motorway network (M4, M3, M25 and M40). Heathrow Airport is approximately 8 miles distance.

The nearby south side of High Street is being redeveloped by Ballymore to provide a new town centre, from which a number of bus routes to Chiswick, Ealing and Richmond. Brentford train station is within walking distance which provides a fast, regular service to Central London.