FOR SALE BY PRIVATE TREATY DEVELOPMENT OPPORTUNITY
The Property offered is edged in red and extends to approximately 0.43 acres (0.174 hectares). The Property currently comprises a purpose built office building arranged over podium, mezzanine, ground and 11 upper floors. The Property was built in the 1960’s and was refurbished and re-clad in the 1980’s. The building is of a reinforced concrete framed construction, with elevations predominantly clad in rainscreen cladding and curtain walling, with facing brick work at the lower levels. The roofs to the property are generally flat and are weathered with a single ply membrane. Within the building, the upper floors are laid out to a consistent plan and comprise open plan office suites, with male and female WCs situated on each floor level opposite the stairwell and elevators. The upper floors are accessed via two escalators at street level which lead to the first floor offices and to the three 18 person passenger lifts. Internal finishes generally comprise suspended ceilings, recessed lighting, perimeter trunking, painted and plastered walls, carpeting, and central heating. A single disabled W.C is provided at upper ground level. Vehicular access is from Chalon Street, off Princes Street and pedestrian access is from Princes Street. A small car park is provided to the front of the Property, as well as beneath the building, which also provides access to a neighboring property. There are 32 car parking spaces to the rear of the Property
Viewings should be arrange by prior appointment with Savills, specific viewing days will be arranged. Prospective purchasers should note that Savills take no responsibility for any injury or accident at the Property. Viewers visit the Property at their own risk.
St Clare House occupies a prominent position close to the Princes Street/Civic Drive junction on the town’s inner ring road and within a short walk of the town centre. The railway station is to the south and provides a regular service to London (Liverpool Street) with a journey time of approx. 1 hour 10 minutes.
The Property has the potential for permitted development for the change of use from offices (Ec) to residential (C3). Alternative redevelopment options also exist subject to planning. The vendor had Church Lukas architects design several indicative layouts to show how the building can convert into residential accommodation. The layouts show how the existing office floors can be converted to both private residential dwellings and HMO use. The vendor would be interested in a lease back of the first three office floors of the Property, as these are over looked and are not suitable for residential conversion. Further information on the indicative schemes can be found in the data room.
Eleven storey office block
Ipswich (0.3 miles)
Derby Road (1.5 miles)
Westerfield (2.0 miles)