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South West London Redevelopment / Investment Opportunity

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South West London Redevelopment / Investment Opportunity 40-46 Surbiton Road Kingston-upon-Thames Surrey, KT1 2JR South West London Redevelopment / Investment Opportunity South West London redevelopment opportunity Potential for conversion to residential under Kingston is an affluent location Permitted Development Rights An established office location with very low office supply Offers are sought in excess of £3.5 million EXECUTIVE subject to contract and exclusive of VAT Freehold 12,588 sq ft over four floors and basement Let to Kingston University until 30 September 2018 SUMMARY. Site area of 0.252 acres 40-46 Surbiton Road Kingston-upon-Thames Surrey, KT1 2JR 2 LOCATION. The Royal Borough of Kingston upon Thames is situated approximately 10 miles to the south west of central London, 5 miles south of Richmond and 8 miles to the south east of Heathrow airport. Kingston is an affluent market A414 town situated on the River Thames. Kingston is well located and benefits from A12 excellent communication links. The town lies 3 miles to the north of the A3, via the A240, A110 M11 M25 M1 which provides access into central London and out to the M25 and wider motorway High A406 Brentwood A127 Wycombe network. In addition the M3 motorway A12 lies 6 miles to the west via the A308. M25 M40 Along with its offices and civic buildings, A40 A13 Kingston is a thriving retail and leisure LONDON destination. The Bentall Centre offers a wide Maidenhead range of retail amenities, including a large Slough Chiswick A13 John Lewis, and The Rotunda includes a Reading M4 Canary Wharf Tilbury Grain 14 screen cinema, gym, bowling alley and Richmond A2 Heathrow various restaurants. There is also a daily Bracknell A205 market held in the town centre at Market A316 A20 Place and the Rose Theatre is the largest Staines KINGSTON UPON THAMES producing theatre in South West London. A23 Chatham M3 A3 M20 Kingston also benefits from close proximity to Hampton Court Park which provides Croydon Woking 750 acres of green space along with Epsom formal gardens and palace buildings. M25 M26 Farnham Maidstone Kingston railway station provides regular, direct services into London Waterloo Leatherhead M25 Sevenoaks with a fastest journey time of 30 minutes A3 and out to Shepperton via Hampton, Ashford Teddington and Sunbury. Furthermore, Guildford A24 Redhill A22 M23 A229 Surbiton station is located less than 0.7 miles south of Cooper House providing services into London Waterloo with a Gatwick fastest journey time of 19 minutes, via Clapham Junction (11 minutes). Not to scale. For identification purposes only. 40-46 Surbiton Road Kingston-upon-Thames Surrey, KT1 2JR 3 KINGSTON STATION KINGSTON BRIDGE BENTALL CENTRE HAMPTON COURT PALACE GARDENS ROSE THEATRE KINGSTON UNIVERSITY RIVER THAMES Aerial Image 0 4 2 A K I N G S T O N R D SITUATION. 1 BENTALL CENTRE JOHN LEWIS 2 The property is prominently located on Surbiton Road at its L HAMPTON L junction with Penrhyn Road (A240) and equidistant between I WICK 3 THE H ROTUNDA OAD N Kingston town centre and Surbiton. Kingston town centre is K R O PAR T Y S CANBUR a 0.5 mile (10 minute) walk from the property and is one of G 4 IN KINGSTON BRIDGE the strongest shopping centres in South West London. K KINGSTON 2 1 5 PRIMARK W T D OOD S E CL 3 TR E AR R EN 4 H CE S T D I 06 G A3 U 5 N N H KINGSTON MARKET O 6 I S T O 6 S M T N N H E S D D C R T E I D C T R R ROSE THEATRE 7 R R A 7 FAIRFIELD S E U K M O E RECREATION W C B T A R N GROUND O E H I T D MP D FAIR G A KINGSTON COLLEGEE A FI H EL 8 HALL RD D ST R N D E D river thames T M 0 R S 8 O 4 S R 2 KINGSTON UNIVERSITY H 9 R P A E G S I I ’ L HAMPTON H N L E I E COURT PARK D SAINSBURY’S V 10 U R Q N HY 9 11 ANTOINETTE HOTEL R N E 14 P 10 PIZZA EXPRESS 12 K IN GS TO CLARENCE STREET N R 13 WAITROSE D S U R 11 E B V I T A 14 THE SPRING GROVE PUB O S Y N R E A R D I L D W N R TO 7 L RLING I U T 15 B 0 15 WAGGON & HORSES PUB V R 3 U A O C HOTEL BOSCO N 16 O D T R P 19 E D R L M P A T A 18 17 THE FRENCH TABLE M N H O 16 M 17 E R 70 A 3 18 THE ANTELOPE PUB L 3 D B C R 13 12 H T U O B R M 19 THE HART’S BOATYARD BAR TS IG R H O T P O N R SURBITON D JOHN LEWIS 7 0 3 Not Ato scale. For identification purposes only. Y A W T 40-46 Surbiton Road R U Kingston-upon-Thames O C Surrey, KT1 2JR 5 D R H T U O M S T R O P DESCRIPTION. The property was constructed during the 1980s as a purpose built office building arranged over four floors with basement accommodation. The property benefits from the following specification: Recessed fluorescent strip lighting Aluminium double glazed windows Raised floors Central Heating with perimeter radiators 8 person passenger lift Air Cooling System 6 ACCOMMODATION. INDICATIVE FLOOR PLAN Cooper House has been measured in accordance with the RICS Code of Measuring Practice 6th Edition and provides the following approximate areas. Area NIA Area NIA Gross Internal Area Gross Internal Area FLOOR (sq ft) (sq m) (sq ft) (sq m) Third 2,039 189.45 2,519 234.05 STAIR Second 2,951 274.19 3,447 320.25 LIFT First 2,942 273.36 3,446 320.17 Ground 2,379 220.95 3,000 278.74 Basement 2,277 211.57 3,119 289.77 TOTAL 12,588 1,169.52 15,531 1442.98 CAR PARKING The property benefits from 16 car parking spaces; a parking ratio of 1:786 sq ft. 40-46 Surbiton Road Kingston-upon-Thames Surrey, KT1 2JR 7 TENANCY TENURE SITE AREA SUMMARY. The property is held freehold. Cooper House extends to a site area of approximately 0.252 acres (0.102 ha). The property was let to Kingston University Higher Education Corporation on a 20 year lease from 5th June 1998 expiring 23rd June 2018 at a rent of £175,000 per annum. The Landlord and Tenant have agreed a short term extension, expiring on 30 September 2018. The lease does not provide the Tenant with Security of Tenure under the Landlord and Tenant Act 1954. The rent payable for the period between 23 June 2018 and 30 September 2018 has been paid in advance to the Landlord. The dilapidations settlement has already been determined and agreed between the Landlord and Tenant. The Tenant has been released from future dilapidations claims and is required to maintain the property so it is returned in no worse condition on expiry of the current lease. Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. 40-46 Surbiton Road Kingston-upon-Thames Surrey, KT1 2JR 8 INDICATIVE RESIDENTIAL SCHEME UNDER PERMITTED DEVELOPMENT RIGHTS RESIDENTIAL DEVELOPMENT POTENTIAL. Formation Architects were instructed to prepare a high level feasibility study for the potential conversion of the property to residential use 0 4 under permitted development rights. The indicative scheme prepared 2 Cooper House offers a rare opportunity to purchase an office building in Kingston with A by Formation Architects comprises the following accommodation: K I potential for conversion or redevelopment to residentialN use, subject to planning. G S T O Unlike much of Kingston town centre, Cooper Map showingN Kingston Town Centre Article 4 area. R No. Of Average Average Combined Combined D Unit Type House is not affected by an Article 4 Direction Units sq m sq ft sq m sq ft that prevents change of use from B1a Office Studio 2 32 344 64 689 uses to C3 Residential uses. Consequently, the property offers an excellent opportunity 1 Bed 7 46 495 322 3,466 to deliver a residential development through L HAMPTON IL H 2 Bed 7 65 701 456 4,908 WICK AD N permitted development rights that would not K RO O PAR T Y S CANBUR Do not scale this drawing. Contractor to confirm all require the provision of affordable housing. G dimensions on site. Notify architect immediately of any IN TOTAL 16 53 566 842 9,063 discrepancies. K Revisions: This change of use would be subject to KINGSTON 00 OH 20.06.18 For Information the submission of an application for Prior W T D OOD S E CL TR E AR R EN H CE S T D I 06 G A3 Approval, which would include details of U N Indicative first floor plan H N O I S T O S noise mitigation, transport and highways T M N N H E S D D C R T E I D C T R impact, contamination and flooding.
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