Columbia House Worthing

Columbia House Worthing BN13 3HD Freehold Residential Opportunity with Planning Consent for 148 Private Units.

1 Columbia House Worthing Executive Summary

Prominent office building extending over 5 storeys totalling 49,261 sq ft/ 4,576.5 sq m GIA

Held freehold under title number WSX239549

Located in the affluent suburb of Durrington, approximately 3.5 km from Worthing Town centre.

The site totals 0.96 hectares (2.38 acres) and fronts onto Romany Road. There are a number of mature and attractive trees on the site boundary.

The property benefits from two planning consents:

• Permitted Development (ref: NOTICE/0018/16) of the existing office building to provide 102 private residential units 24 x studio, 76 x 1 bed and 2 x bed) totalling 38,060 sq ft/ 3,535.9 sq m NSA

• A resolution to grant planning permission (ref: AWDM/1480/18) for 10 new build units (8 x 2 bed and 2 x 3 bed) at rooftop level across 5th and 6th floors totalling 7,678 sq ft/ 713.3 sq m NSA in addition to 36 new build units (14 x 1 bed, 15 x 2 bed and 7 x 3 bed over three blocks) in surrounding grounds totalling sq ft 26,217 sq ft/ 2,435.6 sq m NSA

• In total, both permissions provide 148 private residential units totalling 71,955 sq ft/ 6,684.8 sq m NSA • There are an additional 5 commercial units (Classes A1, A2, B1, D1) provided beneath the new build blocks which total 2,436 sq ft/ 227.6 sq m GIA

Potential for enhanced new build scheme STPP for 150 units.

For sale via informal tender. Offers are sought for the freehold interest on an unconditional basis.

CGI of proposed scheme

2 Columbia House Worthing

Location 2

2 2 Worthing is on the south coast, 11 miles west Columbia House of Brighton and 20 east of Chichester in the ane Offington alvington Road 2

Durington ane

affluent county of West Sussex. Road ompting

Originally a fishing village, Worthing underwent significant population growth in

the early 19th century as it developed into seaside town popular with Londoners Romany Road Romany 232 and frequented by the likes of Oscar Wilde, who holidayed in Worthing in 1893 and 232 BRODWR

1894, writing the Importance of being Ernest on his second visit. outh Farm Road 232

Dominion Road 232

venue Today Worthing has a population of c.105,000, is the most densely populated erringes local authority in East and West Sussex and benefits from a large service industry 24 RRN (particularly in financial services) with major occupiers including Marlin Financial he Blvd Services, Investment Soloutions Ltd and Antrams Financial Services. Worthing is excellently located between the coast and South Downs National Park to the north, the immediate part of which is known as the Worthing Downland Estate and was Worthing arring Road oringyea West Worthing acquired by the people of Worthing in order to protect against its development. Durringtononea 2 More broadly, Worthing has a grade II listed pier, 3 theatres and Britain’s oldest WORHNyndhurst Road Dome Cinema. ill Road A259 ORNB2 CNR Worthing benefits from strong road and rail links in addition to good proximity to Gatwick (40 km) and Southampton (70 km) airports. Regular train services run from Worthing Station to London Bridge, Gatwick, Brighton and Chichester with journey times of 1hr 10m, 50 min, 23 min and 25 min respectively. More locally, Goring-by-Sea railway station (a 20 minute walk from Columbia House) provides regular services along the south coast line. Road access is via the A24 Map of Worthing dual carriageway to the north or A27 running east/ west. There are regular bus services from Columbia Drive (opposite the property) to Worthing Town Centre with a journey time of under 20 minutes.

Retailing in Worthing is concentrated around Montague Street with tenants including TK Maxx, Laura Ashley, JD Sports, Marks & Spencer, Waterstones and Monsoon. More locally to Columbia House, the adjoining Tesco retail park at Durrington provides a range of retailers including WHSmith, Pets Corner and Costa Coffee.

Worthing provides a good range of primary schools (Columbia House falling within the catchment area for The Laurels Primary School) and Secondary schools including Durrington High School, Davison Church of England High School for Girls, St Andrew’s C of E High School for Boys, Worthing High School and Bohunt School Worthing. Worthing Leisure Centre is approximately 1.5 miles from Columbia House and includes a swimming pool, gymnasium and associated sporting facilities.

Columbia House Worthing Existing Building Columbia House presently comprises a five-storey vacant office building which was constructed in the 1970’s. The building is of concrete frame construction and benefits from floor to ceiling heights of c. 2.55 metres. The building is presently laid out as a “T shape” on ground to 2nd floors with rectangular floors above and a flat roof on top. There are presently two telecoms masts on the roof of the building.

Internally, the building has been completely stripped back to shell and core on all floors save the fourth.

Columbia House sits in a broader site totalling 0.96 hectares (2.38 acres). The majority of the wider site comprises car parking with a total of 144 spaces.

Columbia House benefits from a prominent views along Columbia Drive and from the upper floors, there are good views of the surrounding area, which take in the South Downs and views towards the sea.

The perimeter of the site comprise a number of mature and attractive trees.

Existing Accommodation

Columbia House Floor Sq M Sq Ft 4th Floor 758.9 8,166 3rd Floor 758.9 8,166 2nd Floor 1,029.4 11,076 1st Floor 1,028.9 11,071 Ground Floor 1,000.4 10,764 Total 4,576.5 49,261

12 : 1 12 : 1

Existing south east elevation 5 Existing ground floor plan Columbia House Worthing Planning

The site is located in the borough of Adur and Worthing, is not listed and is not part of a conservation area. Its current use is as offices (B1a).

The property benefits from two planning permissions;

• Permitted development for prior approval (ref: NOTICE/0018/16) for change of use from offices (Use Class B1a) to 102 residential units (Use Class C3) (24 studios, 76 x 1 bed and 2 x 2 bed) with associated parking was granted on 19th Oct 2016.

• A resolution to grant planning (Ref: AWDM/1480/18) for construction of 3 new blocks to provide 46 flats and 226.3 sqm mixed use commercial / non-residential space (Classes A1, A2, B1, D1) including the addition of two floors to existing Columbia House to provide 10 flats and external upgrading of Columbia House. The permission is subject to a S106 agreement, which is in the process of being finalised. Full details of the likely S106 obligations are available upon request.

The CIL payment is estimated at £479,240.

Residential NIA NIA GIA GIA Studio 1 Bed 2 Bed 3 Bed Total (Sq ft) (Sq m) (Sq ft) (Sq m) Building A (Permitted Development) 28 72 2 0 102 38,060 3,535.9 49,261 4,576.5 Building A (Roof Extension) 0 0 8 2 10 7,678 713.3 10,313 958.1 Building B (New Build) 0 5 7 1 13 9,227 857.2 14,064 1,306.6 Building C (New Build) 0 4 3 5 12 9,317 865.6 14,399 1,337.7 Building D (New Build) 0 5 5 1 11 7,673 712.8 11,419 1,060.9 Summary 28 86 25 9 148 71,955 6.685 99,456 9,240

Commercial

Building Use Class Sq Ft Sq M

Building B - C-01 A1, A2, B1, D1, D2 546 50.7

Building B - C-01 A1, A2, B1, D1, D2 543 50.4

Building C - C-01 A1, A2, B1, D1, D2 665 61.8

Building C - C-01 Office 150 13.9

Building D - C-01 A1, A2, B1, D1, D2 547 50.8

Total 2,451 227.6

6 Computer generated image from Romany Road Columbia House Worthing Proposed Plans - Site Masterplan

Building B Building C Building A Building D Alaska House Moonlight House Columbia House Celebration House New Build New Build PD and Roof Extension New Build 13 Residential Units 12 Residential Units 112 Residential Units 11 Residential Units

3 2 3 2 3 2 3

81 80 79 78 77 76 75 74 73 72 71 70 69

4 4

68 67 66 65 64 63 62 61 60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 A-00.22 A-00.21 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 STUDIO-F.1 STUDIO-F.1 72 62 52 42 32 22 12 02 91 A: 32.3 m2 A: 32.3 m2 3 4 5 4 4 4 4 4 4 4 4 4 4

82 83 84 85

A-00.20 A-00.19 1B2P-E.1 1B2P-E.1 B A: 32.6 m2 A: 32.6 m2

2 2 1 1 1 1

2 2 1

PLANT 1 10

313

5 1 99

B-S-02

4 4 1

A: 7.2 m2 1 88

5151 77

txeTtxeT

6 6 1 1 66

motsuC

7 7 1 1 55

8 8 1 1 44

9191 33

0202 22

NW O O D NW D 11 PUPU 2

UNIT (A1, A2, B1, D1, D2) 14 A-00.23 A-00.24 14 13

12 5 15

B-C-02 BIN STORE 4 BIN STORE 15 12

11 2

2 16 2 A: 50.4 m A: 14.2 m A: 14.2 m 16 11

10 17 17 10

9 18

5 18 9 8 19

4 4 4 19 8 1

88 20 20 7 4 96 EXISTING STAIR

EXISTING STAIR

6 21 21 6

5 22 4 4 22 5

4 23 23 4 3 A-00.18 A-00.17 3 PLANT BINS 2 1B2P-D.1 1B2P-D.2 BINS 2 B-P-01 BICYCLES 2 2 B-P-01 B-S-01 1 A: 32.9 m A: 32.9 m 2 2 B-B-01 1 A: 8.6 m A: 13.4 m A: 16.5 m2 A: 29.8 m2

89 86 87 97 2 A-0.01 ELEC SUBSTATION F-1B2P

9 9 m

. 2 B-P-02 13 A: 50.2 m 2 GIA A: 31 m

205

A: OFFICE EXISTING STAIR C-O-01 PLANT BINS

7 8 A: 13.9 m 9

5 B-P-01 B-P-01 BICYCLES 2 2 11

A: 8.2 m A: 15.3 m B-B-01 90 12

98 2

13 A: 27.7 m

A-00.15 A-00.14 15 A-00.13 A-00.12 3 1B2P-C.1 STUDIO-C.1 16 STUDIO-C.1 1B2P-B.1

0 9191 8

7171 6 5151 4141 2121 3131 1111 2 2 17

1 A: 32.2 m A: 33.7 m A: 33.7 m2 A: 32.2 m2 1

UNIT (A1, A A-00.16 18 2, B1, D1, D2) A-00.11 GIA NWO

2B3P-A.1 19 WO 5 B-C-01 20 2B3P-A.1 DND 2

A: 50.7 m2 A: 47.4 m 2 2 21 A: 47.4 m A: 205.9 m

22 D

2 24 11

1 PUPU suCotm Text

BICYCLES

66 88 99

B-B 01- 0101 A: 22.1 m2

0202 9191

8181 7

6 5 4141

2121 1111

1 1 1 5 1

NW GIA 17 OD 4 4 A: 224.1 m2 2

92 100 4

10 4 PUPU motsuC xeTt CYCLE HUB (A1, A2, B1, D1, D2)

44 33

88 99 4 0101 D-C-01 C A: 50.8 m2

93 3 101 A-00.01 A-00.02 A-00.03 A-00.04 A-00.05 A-00.06 A-00.07 A-00.08 A-00.09 A-00.10 1B2P-A.1 1B2P-B.1 1B2P-B.1 STUDIO-A.1 STUDIO-B.1 STUDIO-A.1 STUDIO-B.1 1B2P-B.1 1B2P-B.1 2 1B2P-A.1 2 2 2 9 A: 34.6 m A: 32.1 m A: 31.7 m A: 36.1 m A: 35.6 m2 A: 35.7 m2 A: 35.8 m2 A: 31.7 m2 A: 32.1 m2 A: 34.6 m2

5 UNIT (A1, A2, B1, D1, D2) C-C-01

A: 61.8 m2 102

8 3

14 5

103

1 2 3 4 5 6 7 4

20 : 1 4 20 : 1 104 105

7 Columbia House Worthing FLAT ROOF Proposed Plans AI R UP ING ST EXIS T 1 2 3 4 5 6 7 8

Building A 9 10

13 14

Permitted development 15 16

20 A-05.06 A-05.08 A-05.07 21 2B4P-B.1 A-05.05 38,060 Sq Ft 2B4P-A.1 2B4P-B.1 A: 66.8 m2 2B4P-A.1 A: 65.1 m2 A: 66.1 m2 A: 64.7 m2 PROPOSED STAIR

28 x Studios WM WM

72 x 1 Bed Flats WM MWMWMW 2 x 2 Bed Flats WM WM WM WM A-05.01 A-05.02 A-05.03 A-05.04 2B3P-B.1 2B3P-B.1 2B4P-B.1 2B3P-B.1 Roof Extension A: 61 m2 A: 63.6 m2 A: 63.6 m2 A: 61 m2 7,678 sq ft 8 x 2 Bed Flats 2 x 3 Bed Flats Proposed fifth floor plan

FLAT ROOF Building B Building C Building D 9,227 Sq Ft 9,317 Sq Ft 7,673 Sq Ft 4 x 1 Bed Flats 5 x 1 Bed Flats 5 x 1 Bed Flats 3 x 2 Bed Flats 7 x 2 Bed Flats 5 x 2 Bed Flats 5 X 3 Bed Flats 1 x 3 Bed Flat 1 x 3 Bed Flat A1, A2, B1, D1, & D2 - 61.8 sq m A1, A2, B1, D1 & D2 - 101.1 sq m A1, A2, B1, D1, & D2 50.8 sq m Office - 13.9 sq m

BALCONY BU BU FF BU BU FF

A: 5.5 m2 RB

RB FF

11 RB

12 10 BALCONY 13 9

A: 5.5 m2 14 8 BALCONY

BU BALCONY

15 7 Custom 16 6 2

BU A: 5.5 m A: 5.5 m2 17 Tex t 5 A-02.2

A-02.2 A-02.1 18 4 D-2B4P A-02.1

2 D-1B2P D-2B4P 19 3 D-2B4P FF FF A: 52.8 m 2 2

2 FF A: 52.8 m A: 70.4 m

20 2 A: 70.4 m RB DOWN 1 BU UP BU W

RB W W RB W W 11 20 19 18 17 16 15 14 13 12 11 GIA 20 19 18 17 16 15 14 13 12 BALCONY GIA

DOWN BALCONY AOV 2 A: 262.9 m DOWN A: 5.9 m2 A: 245.1 m2 A: 5.9 m2 W A-02.1 UP

Custom Text UP D-2B4P MECH MECH AOV MECH Custom Text 2 MECH AOV 10 A: 70.4 m MECH 1 2 3 4 5 6 7 8 9 10

MECH 1 2 3 4 5 6 7 8 9 A-02.3 D-2B4P A: 70.8 m2 W FF BU BU MECH W FF BU GIA MECH A: 244.9 m2 RB RB A-02.3 A-02.3 MEC H W D-3B5P D-2B4P 2 A: 86 m2 A: 70.6 m

FF BU

A-02.2 F-1B2P BALCONY A: 52.8 m2 RB A: 5.9 m2

BALCONY BALCONY

A: 5.5 m2 A: 5.5 m2 Proposed second floor plan Proposed second floor plan Proposed second floor plan 8 Columbia House Worthing Alternative Proposals

KKM Architects have drawn up an indicative scheme for an alternative new build scheme of 150 units across 5 blocks ranging from 4 -7 stories. This has been through a Pre-Planning process with Worthing Council. All drawings and designs are the copyright of KKM Architects, and Prospective purchasers will need to rely on their own planning enquires in this regard.

Architectural Drawing of enhanced scheme by KKM Architects

9 Columbia House Worthing Local Residential Market

Westmoreland House - Stonegate Homes Bayside - Roffey Homes Lennox Gate - Rocco Homes

Westmoreland is a development of 77 one and two Bayside contains 141 residential units comprising a mix Lennox Gate is a development of 32 one and two bed apartments situated in Field Place. The building of 1, 2 and 3 bedroom homes. The scheme is split into bedroom apartments situated in central Worthing. currently comprises a six storey office building. As at 3 phases and ranges from 5 – 15 stories. Currently 71 The scheme is yet to launch and construction is due to early May, 50 units had sold. Construction is due to units have sold with 70% of the scheme having been complete in November 2019. complete in June 2019. reserved through local agents.

77 Units 141 Units 32 Units

50 Units Sold(71%) 71 Units Sold (50%) Scheme yet to launch

c. £400 psf c. £450 psf Pricing anticipated at c. £370 psf

10 Columbia House Worthing

Computer generated image of Columbia House Tenure VAT Contact

The property is held freehold under title number WSX239549 The property is not elected for VAT. Kit Haig 020 7747 0111 Tenancy Tenure [email protected]

The property is subject to the following lease agreements; The property is held freehold under title number WSX239549 Matt Sharman A telecoms lease in favour of EE Ltd which terminated on 020 7747 0110 12/05/2017. The tenant is holding over and the rent due under Data Room [email protected] the lease is £8,000 p.a. A data pack containing all relevant information is available A telecoms lease to Hutchinson 3G UK Ltd, which is due to on request. expire on 31/12/2021. The passing rent is £12,000 p.a. A deed of surrender has been agreed with both operators Basis of Sale whereby they will relocate from the roof to a new temporary mast on site, which will be positioned adjacent to Block Informal Tender B. The telecoms operators will be responsible for all costs MISREPRESENTATION ACT 1967 - Levy Real Estate LLP for themselves and for the Vendors or lessors of this property whose agents they are given notice that: All description, dimen- associated with relocating from the existing roof. There is Offers are invited for the benefit of the freehold interest. sions, reference to condition and necessary permissions for use and occupation and other potential to relocate the operators back onto the roof upon details are given without responsibility and any intending purchasers or tenants should completion of the roof top extension. not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Any services mentioned have Inspection not been tested and therefore prospective occupiers should satisfy themselves as to their op- There is an electricity sub-station on-site. eration. These particulars are produced in good faith and set out a general guide only and do not constitute part of any offer or contract. No person in the employment of Levy Real Estate All viewings are strictly by appointment only through the sole LLP has any authority to make or give representation or warranty in relation to this property. The site is otherwise sold with vacant possession. selling agent. All prices and rents are quoted exclusive of VAT unless otherwise stated. May 2019