Office / Development
Available
- 3 STOREY OFFICE
- SUITABLE FOR OWNER OCCUPIER OR RESIDENTIAL DEVELOPMENT / CONVERSION
Canute House comprises a high-quality waterside development of primarily residential accommodation, with a Holiday Inn hotel, and other adjoining ground floor offices.
The 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 WC's 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 WC's.
Externally, the property sits within a landscaped and well-maintained waterside development.
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 statutor requirments, in principle 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.
Amenities
- Suspended ceilings
- Mixture of LED and CAT II lighting
- Passenger lift
- 3 Compartment underfloor trunking
- 7 allocated car parking spaces
- Riverside views
- Good communications and transport accessibility
- Separate male and female WC's
Location
The properties comprise a 1980's constructed office, development, front 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 near 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.
Accommodation
Unit 1 Size
Ground Floor: 102.1 sq m (1,099 sq ft)
Limited Use Area: 3.62 sq m (39 sq ft)
TOTAL: 105.7 sq m (1,138 sq ft)
Unit 2 Size
Ground Floor: 109.1 sq m (1,174 sq ft)
Limited Use Area: 3.58 sq m (38 sq ft)
TOTAL: 112.7 sq m (1,213 sq ft)
Units 3 - 6 Size
First Floor: 166.1 sq m (1,788 sq ft)
Second Floor: 167.9 sq m (1,807 sq ft )
TOTAL: 333.4 sq m 3,595 sq f
Rates
According to the Valuation Office Agency Website, the business rates assessments
for the properties are currently split as follows:
Unit 1 - Ground Floor: 2023 Rateable Value - £14,500 (approx rates payable - £7,424 pa)
Unit 2 - Ground Floor: 2023 Rateable Value - £15,500 (approx rates payable £7,936 pa)
Unit 3-6 - First and Second Floor: 2023 Rateable Value - £42,750 (approx rates payable £21,888 pa)
Traditional adjustments may apply - all applicants are encouraged to make their own enquiries through the local billing authority, before acting upon it.
Terms
GUIDE PRICE
Guide Price: £2,150,000 (Two Million One Hundred and Fifty Thousand Pounds).
ESTATE CHARGE
An estate charge will apply in addition – details available from agents
Lease
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 outside the 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 outside the security of tenure provision of the 1954
Landlord & Tenant Act.