Back to selected propertiesSave property to receive updates

Office Investment / Development Opportunity For Sale - Enfield EN1

Potential For Residential Conversion (68 Flats)

  • Sold
  • Sold
  • Sold
  • Sold
  • Sold
  • Sold
  • Sold
  • Sold
  • Sold
  • Sold
  • Sold
  • Sold
  • Sold
  • Sold

Location

The premises are well located, both in terms of road and rail communications.

The M25 Motorway and The A406 North Circular Road are equidistant and less than 2 miles  from the property. Southbury Rail Station, which provides regular 30 minute services to London Liverpool Street Station is a few minutes walk from Southbury House.

The following bus services are accessible in the immediate vicinity of the subject property: 121 (Enfield Lock/Turnpike Lane), 191 (Brimsdown/Edmonton Green), 307 (Barnet/Brimsdown) and 313 (Chingford/Potters Bar).



Property reference:19922    Updated: 28 Jan 2014


Southbury House,  280-286 Southbury Road, Enfield Town, 
ENFIELD EN1 1TR

Net internal area: 4035.26 sq.m. 43435 sq.ft. 


Features

  • Residential development potential for 68 Flats by conversion of existing building
  • Freehold interest
  • Site area of 0.89 acres
  • Potential to add additional built space
  • 75 car spaces
  • Main road frontage of 102.26 metres (335 feet)
  • Reduced holding costs


Completely refurbished in 2006, Southbury House provides five floors of flexible open plan office space, arranged in two separate wings each of which has its own entrance. The property is DDA compliant, benefits from 3 passenger lifts, suspended ceilings, category II lighting, air conditioning, secondary glazing, perimeter trunking, dedicated on site management, male and female WC facilities on each floor and 75 on site car parking spaces.

Existing occupiers include Coffey Group, Database Sales Limited, Reed Recruitment, Westminster Homecare, Fortuna International and Serco Group PLC.

Approximately 50% of the building is currently let.

The costs relating to the vacant space have been mitigated by virtue of a flexible letting arrangement of the empty space, which reduces the business rates payable on the remaining vacant space to 15% of that which would otherwise be payable.

A prior notification application for a 68 unit scheme comprising 15 x studios, 18 x 1 bedroom flats and 35 x 2 bedroom flats was submitted to the London Borough of Enfield for change of use from office (B1a) to residential.



Accommodation

Ground West A 291.21 sq.m. / 3134 sq.ft.
AVAILABLE TO LET
Ground West B 206.61 sq.m. / 2223 sq.ft.
LET
Ground East 189.24 sq.m. / 2036 sq.ft.
LET
1st West A 272.95 sq.m. / 2938 sq.ft.
AVAILABLE TO LET
1st West B 272.20 sq.m. / 2929 sq.ft.
AVAILABLE TO LET
1st East 187.38 sq.m. / 2016 sq.ft.
LET
2nd West A 275.78 sq.m. / 2968 sq.ft.
AVAILABLE TO LET
2nd West B 264.93 sq.m. / 2851 sq.ft.
AVAILABLE TO LET
2nd East 287.63 sq.m. / 3096 sq.ft.
AVAILABLE TO LET
3rd West A 261.24 sq.m. / 2811 sq.ft.
AVAILABLE TO LET
3rd East 308.90 sq.m. / 3324 sq.ft.
LET
3rd West B 264.93 sq.m. / 2851 sq.ft.
LET
4th East 308.71 sq.m. / 3322 sq.ft.
LET
4th West 643.53 sq.m. / 6926 sq.ft.
LET
Net internal area 4035.26 sq.m. /43435 sq.ft. 

Terms: Offers are sought for the freehold interest subject to the existing tenancies. The building is elected for VAT.

Rateable Value: £375,250
Estimated Rates Payable: £184,998 per annum

Local authority: London Borough of Enfield