LIBRARY HOUSE - Kingsbury · LIBRARY HOUSE, NEW ROAD, BRENTWOOD, ESSEX, CM14 4GD DESCRIPTION Library House comprises a modern open plan office building, arranged over ground and three

PRIME PERMITTED DEVELOPMENT OPPORTUNITY

New Road, Essex, CM14 4GDLIBRARY HOUSEBRENTWOOD

2 LIBRARY HOUSE, NEW ROAD, BRENTWOOD, ESSEX, CM14 4GD

SUMMARY

• Four storey modern office building

totalling 33,401 sq ft GIA with Prior

Approval granted for change of use

to 55 apartments under Permitted

Development Rights.

• Located in the affluent suburb of

Brentwood, 31 miles from Central

London and situated approximately

650 metres from Brentwood Station.

• Substantial basement parking providing

70 spaces with potential for significant

additional development to add three

floors (subject to planning permission).

• Brentwood Station will also be a main

Crossrail (Elizabeth Line) hub, due to

open in 2018.

• Offers invited in excess of £8,750,000

for the freehold Interest.

LOCATION

Brentwood is an affluent Essex suburb, located 31 miles east of Central London. Surrounding affluent suburbs include Chigwell, Loughton and Ingatestone. Brentwood benefits from excellent access public transport and road communications making it a popular commuter location. The town is located 2 miles from Junction 28 of the M25 Motorway, whilst the A12 to the north provides direct access to Central London.

Brentwood Rail Station provides direct access to London Liverpool Street every 10 minutes, with a fastest journey time of 29 minutes. All trains stop at Stratford which offers access to both Jubilee and Central London Underground lines, the DLR and Stratford International Station.

Brentwood Rail Station will also be one of the main Crossrail (Elizabeth Line) Stations due to open in 2018. Crossrail will provide 12 trains per hour during peak periods. Journey time to Bond Street will be 44 minutes. Stansted, City and Southend airports are all within a 40 minute drive from Brentwood, with Heathrow and Gatwick also easily accessible located 55 miles west and 47 miles south west from Brentwood respectively.

SITUATION

Library House is situated in Brentwood town centre to the south of the high street and immediately adjacent to the Bay Tree Shopping Centre. Other surrounding properties include Coptfold House, a modern residential development and Becket House, an 11 storey residential development.

Brentwood Station is 650 metres to the south of Library House.

29

30

31

1

28

M25

M25M40

M25

M23

M3

M4M4

M3

M3

M25

M11

M1

M2

A127A127

A130

A232

A331

A228

A272

A272

A229

A259

A2070

A414

A503

A12

A131A12

A13

A20

A23

A24

A406

A413A4010

A23

A2

A25

A249

A27A27A27

A21

A21

A26A22

A22

A24

A24

A3

A3

A3

A10

A12

A40

A10

A2

A120

M20

BASILDON

ROCHFORD

BILLERICAY

HARLOW CHELMSFORD

COLCHESTER

GRAVESEND

DAGENHAMILFORD

BARKINGSTRATFORD

CANARYWHARF

WOODFORD

BARNET LOUGHTON

ROMFORD

DARTFORD

MAIDSTONE

BISHOP’SSTORTFORD

CANTERBURY

MARGATE

RAMSGATE

DOVERASHFORD

HASTINGS

BRIGHTON

CRAWLEY

CROYDON

LONDONSLOUGH

WATFORD

ST ALBANS

READING

NEWBURY

BASINGSTOKE

WINCHESTER

PORTSMOUTH

CHICHESTER WORTHING

ROYALTUMBRIDGE

WELLS

TONBRIDGE

FOLKESTONE

CLACTON-ON-SEA

BRAINTREE

HIGH STREET - A1023

QUEEN’S ROAD - B186

650M - 9 MINS WALK

SHENFIELDCOMMON

KING’S ROAD - B185

INGRAVE ROAD - A128

INGRAVE ROAD - A128

MID

DLET

ON H

ALL

LANE

SEVEN ARCHES ROAD

SHENFIELD ROAD - A1023

WEALD ROAD

BRENTWOODSTATION

THE BAYTREESHOPPING CENTRE

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N

LIBRARY HOUSE

3

BRENTWOOD

LIBRARY HOUSE, NEW ROAD, BRENTWOOD, ESSEX, CM14 4GD


CROSSRAIL

4

CROSSRAIL JOURNEY TIMES

Canary Wharf 36 mins * Bond Street 44 mins * Paddington 47 mins *

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* www.crossrail.co.uk

LIBRARY HOUSE

4

9

242833

36

363941444755

CENTRAL LINE DISTRICT LINE BAKERLOO LINE CIRCLE LINE HAMMERSMITH & CITY LINE NORTHERN LINE METROPOLITAN LINE OVERGROUND JUBILEE LINE DLR TIMES TO STATIONS

55


DESCRIPTION

Library House comprises a modern open plan office building, arranged over ground and three upper floors. The building is of reinforced concrete frame construction, with brick elevations beneath a pitch slate roof which houses the plant room. The offices currently benefit from raised floors and suspended ceilings.

Brentwood Library is located at ground floor level and has been sold off long leasehold. The property benefits from substantial parking across basement and sub-basement levels.

5

CAR PARKING

The Property provides 70 parking spaces over basement and sub-basement levels.

ACCOMMODATION

We understand the Property provides the following approximate Gross Internal Floor Areas.

TENURE

The Property is held Freehold.Brentwood Library is located at ground floor level and has been sold off on a 125 year long leasehold, from 25 March 1990, at a peppercorn rent.

The Property will be provided with full vacant possession.

FLOOR SQ FT SQ M

Lower Basement (Parking)

6,340 589

Upper Basement (Parking)

12,831 1,192

Ground Floor 1,389 129

First Floor 10,775 1,001

Second Floor 10,484 974

Third Floor 9,795 910

Fourth Floor (Plant Room)

958 89

TOTAL 52,571 4,884



CONSENTED PERMITTED DEVELOPMENT SCHEME

The consented permitted development scheme provides for the following floor areas.

Unit SQ M SQ FT Description

First Floor

Flat 1 31 339 1 bed

Flat 2 34 367 1 bed

Flat 3 33 360 1 bed

Flat 4 41 436 1 bed

Flat 5 36 391 Studio

Flat 6 46 490 1 bed


Flat 8 31 329 1 bed

Flat 9 56 598 2 bed

Flat 10 62 670 2 bed

Flat 11 31 332 1 bed

Flat 12 49 525 2 bed

Flat 13 42 457 1 bed

Flat 14 52 556 2 bed

Flat 15 71 765 2 bed

Flat 16 30 324 1 bed

Flat 17 45 484 1 bed

Flat 18 46 490 1 bed

Flat 19 37 402 1 bed

Sub-Total 808 8,690


Second Floor

Flat 20 31 339 1 bed

Flat 21 34 367 1 bed

Flat 22 33 360 1 bed

Flat 23 41 436 1 bed



Flat 26 49 530 2 bed

Flat 27 56 598 2 bed

Flat 28 62 670 2 bed

Flat 29 31 332 1 bed

Flat 30 49 525 2 bed

Flat 31 42 457 1 bed

Flat 32 52 556 2 bed

Flat 33 56 602 2 bed

Flat 34 30 324 1 bed

Flat 35 42 457 1 bed

Flat 36 46 490 1 bed


Sub-Total 773 8,325


Third Floor

Flat 38 30 324 1 bed

Flat 39 31 339 1 bed

Flat 40 36 391 1 bed

Flat 41 33 350 1 bed



Flat 44 42 449 1 bed

Flat 45 54 576 2 bed

Flat 46 57 612 2 bed

Flat 47 37 402 1 bed

Flat 48 46 490 2 bed


Flat 50 45 484 2 bed

Flat 51 34 367 1 bed

Flat 52 31 332 1 bed

Flat 53 30 324 1 bed

Flat 54 33 360 1 bed

Flat 55 33 360 1 bed

Sub-Total 706 7,596

TOTAL 2,287 24,611

PERMITTED DEVELOPMENT RIGHTS

Prior Approval was granted on 7 March 2017 under reference 17/00127/PNCOU. The consent provides for change of use to residential, to provide 55 apartments, with associated car parking, cycle parking and refuse storage. Permitted Development Rights do not require CIL or Section 106 obligations. The consented floor areas can be found below.

ALTERNATIVE PERMITTED DEVELOPMENT SCHEME

The consented Permitted Development scheme is considered conservative. The vendor has commissioned plans for an alternative scheme of 54 apartments (46 x 1 beds, 8 x 2 beds), which includes units in the 4th floor plant room. The scheme provides for replacement of the existing bike storage on each floor, with private storage units for each apartment. The large basement and sub-basement provides ample room for bike storage. Proposed plans and a schedule of accommodation can be provided upon request.

SAWKINGS + NORTON ARCHITECTS · 1 THE QUARRY· BETCHWORTH RH3 7BY · TELEPHONE: +44 (0)17 3784 5580 · WWW.SAWKINGSNORTON.COM LIBRARY HOUSE · FEASIBILITY REPORT

Coptfold House

United Reformed Church

Becket House


Becket House

2.3 Massing

SAWKINGS + NORTON ARCHITECTS · 1 THE QUARRY· BETCHWORTH RH3 7BY · TELEPHONE: +44 (0)17 3784 5580 · WWW.SAWKINGSNORTON.COM LIBRARY HOUSE · FEASIBILITY REPORT

Coptfold House


Becket House


Becket House

2.3 Massing

ADDITIONAL

DEVELOPMENT

The Property offers significant massing opportunities with the potential to add a further three stories. A feasibility study has been commissioned for refurbishment and extension of the existing building to provide 73 apartments. Consideration has been given to the impact on transport, neighbouring properties as well as the structure of the existing building.

It is intended to extend the existing building by 3 storeys, with floors 1 to 4 providing 55 apartments under Permitted Development rights and 18 apartments at floors 5 and 6. A copy of the feasibility study can be provided upon request.



VAT

The building is elected for VAT.

DATAROOM

A dataroom is available comprising title documentation, CAD plans and surveys. Access can be provided upon request.

PROPOSAL

We are instructed to seek offers in excess of £8,750,000 (Eight Million Seven Hundred and Fifty Thousand Pounds) subject to Contract and exclusive of VAT.

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FURTHER INFORMATION

ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that:1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. March 2017.Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.

LIBRARY HOUSE, NEW ROAD, BRENTWOOD, ESSEX, CM14 4GD10

Anthony SidoliADS Real Estate Advisors 0203 418 [email protected]

George CollinsADS Real Estate Advisors 0203 418 [email protected]

Paul HealeKingsbury Consultants020 7183 [email protected]

Keir GoldsteinKingsbury Consultants020 7183 [email protected]

Documents

LIBRARY HOUSE - Kingsbury · LIBRARY HOUSE, NEW ROAD, BRENTWOOD, ESSEX, CM14 4GD DESCRIPTION Library House comprises a modern open plan office building, arranged over ground and three