Part Civic Centre NORTH WALK, BARNSTAPLE, DEVON EX31 1EA
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ON BEHALF OF DEVON COUNTY COUNCIL Part Civic Centre NORTH WALK, BARNSTAPLE, DEVON EX31 1EA LANDMARK FREEHOLD OFFICE BUILDING; FOR SALE ICONIC BUILDING COMMANDING AN UNRIVALLED WATERSIDE LOCATION WITH MIXED USE/RESIDENTIAL RE-DEVELOPMENT POTENTIAL. ON BEHALF OF DEVON COUNTY COUNCIL Part Civic Centre NORTH WALK, BARNSTAPLE, DEVON EX31 1EA Location Barnstaple is the principal administrative town in North Devon and the regional centre for shopping and industry serving a wide geographical area. It lies 53 miles west of Taunton and 43 miles north east of Exeter. Access to Barnstaple is provided by the A361 North Devon Link Road which connects with Junction 27 of the M5 motorway approximately 20 miles to the south west. The property to be sold is within easy walking distance of the town centre with the River Yeo forming the western boundary and there are good views across the River Taw to the south. There is direct access to the multi-use Tarka Trail which stretches for over 32 miles. Vehicular access is from North Walk, which is now relatively quiet and no longer a through road. Trains run hourly on the Tarka line to Exeter and Exeter Airport is well connected domestically and internationally. ON BEHALF OF DEVON COUNTY COUNCIL Part Civic Centre NORTH WALK, BARNSTAPLE, DEVON EX31 1EA Barnstaple A unique opportunity to create a landmark mixed development in North Devon’s premier market town. North Devon’s famous coastline and it’s excellent range of safe and sandy beaches provide numerous opportunities for watersports and walking. The favoured resorts of Croyde, Saunton and Woolacombe are nearby and Exmoor is within easy driving distance. The Tarka Trail cycling and walking path runs adjacent to the subject property, making this development a great place to live for people who love exploring the outdoors. Barnstaple has benefitted from significant inward investment in recent years. Several schemes have materialised including the redevelopment of Anchorwood, where a large Asda and other high-profile retailers form part of a mixed use development plan for the 40 acre brownfield site. The part Civic Centre occupies an easily accessible and central location benefitting from close proximity to the local amenities and stunning views. The property itself is iconic within the Town’s skyline, extending to 10 storeys with an adjoining annexe. Constructed during the 1960’s and most recently used as offices, the building extends to approximately 5,854 sq m (63,000 sq ft) on a GIA basis. Internally, the building provides a mixture of open plan, cellular, storage and meeting spaces, arranged around a wide central corridor. Extensive glazing provides views of the surrounding area. The total site extends to approximately 0.2679 ha (0.66 acres) together with an area of river bank and river bed of 0.0457 ha (0.11 acres). ON BEHALF OF DEVON COUNTY COUNCIL Part Civic Centre NORTH WALK, BARNSTAPLE, DEVON EX31 1EA Planning and Development A draft Planning Brief is being produced by the District Planning Authority with the likely indication of the prospect of conversion / redevelopment to provide residential units. All enquiries should be directed to the North Devon District Council Planning Department tel: 01271 388288. The site is located mainly in Flood Zone 3A within the towns development boundary. Tni sum idus. Residential Market The residential market in Barnstaple has seen 2 bedroom flats at the recent glove factory and Cleave point development achieving prices in the region of £200,000- £250,000 (£277 - £296 psf in line with EPC measurement). In addition to these recent developments as part of the Anchor Wood mixed use scheme 135 homes for outright sale are soon to be completed. There are also further ongoing discussions for the Oliver building to be converted into apartments showing overall investor confidence in Barnstaple. Based on Land Registry records, lack of supply is leading to a 5.4% increase in values for apartments & maisonettes over the 12 month period ending January 2019. Further details regarding the recent development projects can be seen via the following links: Cleave Point Development https://www.chequershomes.co.uk/properties/10315638/sales The Old Glove Factory Development Please see link https://www.brightlogic-estateagents.co.uk/REGY/upload/1906.PDF The Anchor Woodbank Development https://www.anchorwoodbank.co.uk/ D 5 A O E R l 6 S L L u I b M S t a ON BEHALF OF DEVON COUNTY COUNCIL Depot Garage Ë 4.1m Raleigh House E 18 ot 23 Dep 28 ge 10 ara 9 G 8 Part Civic Centre Terrace L ROAD Western MIL 7 4.2m Depot NORTH WALK, BARNSTAPLE, DEVON EX31 1EA E 1 8 Rolle Quay 1 4 Works House Yeo Cottage Mill AY QU Wor LE'S Court ROL ks 1 to 35 k Par Site and Building Car Works Mud The property is outlined in red on the attached plan. A full schedule of individual floor Works Yeo iver room areas and floor plans are available from the agents. As an example, plans of the R ground and fourth floor are provided below. Club Car Park Bdy ard W W Yellow Edging – Vehicular access / egress to the site being granted in common with ML W & MH others with the access route being determined by the Seller from time to time. eo d Y Green Edging – Vehicular access / egress to the site being granted during the Mu River Mud construction period and for any repairs to the site, subject to the Buyer obtaining prior El Sub Sta written consent from the Seller. Red Hatching – The Seller to reserve pedestrian access over this land. n – The Buyer to be granted pedestrian access over this land. o Blue Hatching i t a t S e c li – The Magistrates Court mentioned in the ‘Works to be o Building edged brown P SM undertaken by the Buyer’ section. Services Civic Centre M ea n H Mains water, gas, electricity, drainage and telephone are available in the vicinity. The igh 6.0m W at agents have not tested these services and recommend interested parties make their own er E Me Castle an L Lodge ow enquiries. W at FS er Ramp Car Park C We understand that the building currently has its own water supply and whilst electricity yc (restricted times) le T ra ck S and gas are currently shared with a neighbouring building these will be separated out. lo pi ng m T a Te h s l e o ep nr h Jakes B y o o n u e ld E er x ch s an an g d e M u d N O R 5.E6m T H W A C L yc K le T 18 r t ac o k 22 P 8 2 to 6 t 3 o Slipway 2 11 © Crown copyright. All rights reserved. Devon County Council. 100019783 2019 Town Station (School) Title: Project: Barnstaple Civic Centre Site plan Scale: Date: Mar 19 Contact: NPS South West Ltd 1:1,250 File/ Deed: OS Sheet: Telephone: Head office: Venture House, 1 Capital Court, Bittern Road, Checked: Sowton Ind Est, Exeter, EX2 7FW Prep: CP Office: EXETER South office: The Acorn Centre, Lee Mill Ind. Est. BIS No: Project No: Ivybridge, PL21 9GP Drwg No: Rev: 18001 BCC04 ON BEHALF OF DEVON COUNTY COUNCIL Part Civic Centre NORTH WALK, BARNSTAPLE, DEVON EX31 1EA EPC EPC Band D. See details in Information pack Tenure The property will be offered for sale freehold with vacant possession upon completion. Rights to lay services in the Vendor’s adjacent land will be granted. The property will be sold together with a right of way over the Vendor’s adjacent land in common with the Vendor and others. Temporary access rights shall be granted. Works to be Undertaken by the Buyer The Buyer will need to demolish the first floor link between the Civic Centre and the Magistrates Court and make good. The making good to the Magistrates Court will need to be a full repair to match the current structure to the Seller’s complete satisfaction. Health and Safety Care must be taken whilst viewing to avoid accident or injury. Save for death or personal injury caused by their negligence, neither NPS Group, Vickery Holman or the Vendor shall accept any responsibility for any loss or damage, howsoever caused, whilst viewing the property and you are deemed to have accepted the terms of this disclaimer by entering onto the site. ON BEHALF OF DEVON COUNTY COUNCIL Part Civic Centre NORTH WALK, BARNSTAPLE, DEVON EX31 1EA VAT The Vendor has confirmed (where it is able and not required by law) that it will take no steps to opt to tax in respect of the Property prior to completion of the purchase. Proposal The property provides a rare opportunity in this popular North Devon town and our client is keen to identify an appropriate developer/purchaser for the property. Whilst their preference will be for unconditional sale, they are prepared to be flexible and will consider any proposal be it conditional or unconditional and are willing to work with parties to ensure a successful outcome. We would encourage applicants to register their interest as soon as possible and understand we will be asking for detailed proposals by the 28 June 2019. More information on the form offers should take will be provided in the detailed information pack currently being prepared. Information Pack Interested parties should contact the joint agents for details. ON BEHALF OF DEVON COUNTY COUNCIL Part Civic Centre NORTH WALK, BARNSTAPLE, DEVON EX31 1EA GROUND FLOOR FOURTH FLOOR All floor areas are approximate and have been provided to Vickery Holman from a measured survey undertaken in accordance with the RICS Property Measurement Standards, 2nd Edition.