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Station HQ Office SOLD for Permitted Residential Development

Station HQ Office SOLD for Permitted Residential Development

Monday, 31 October 2016

Whybrow and Savills have sold a major landmark Headquarter Office building with Permitted Development rights for 64 apartments adjacent to North Station, Colchester’s main line rail station which provides regular intercity links to London Liverpool Street to Crown House Homes for in excess of £5m.

 

Acting for major private clients, this three storey building formally occupied by Equity Insurance until September 2016 and extending to 49,350 sq ft (4,585sq.m) on a 1.8 acre (0.73 Hectares) site includes 175 car spaces, and is to see a new journey into the residential world following receipt of Permitted Development rights for a conversion to 64 units.

 

Ewan Dodds BSc FRICS, acting surveyor on the sale jointly with Tony Lockwood at Savills, commented “we have been privileged to be appointed on such a major landmark building in Colchester, and the extensive interest generated in competition from buyers is testament to both the tremendous opportunity the building provides and the appeal of Colchester as a major and growing regional centre. We are delighted that this sale has reached a successful conclusion and wish the buyer every success in their development plans”.

 

He continued to say “our client, a major investor in real estate in the UK is delighted with the outcome and we are sure that the market place and commuters will welcome the transformation of this building into a new and innovative residential use”.

 

If you have any queries about this prestigious sale, or would like professional advice on your property matters, please contact our experts at Whybrow on 01206 577667 option 1 or info@whybrow.net.

FEATURED NEWS

Witham Industrial Investment Changes Hands

A circa 90,000 sq ft (8,361 sq m) single let industrial commercial investment has changed Landlords just in time for the New Year, Whybrow confirm.

Period Commercial Buildings Sold In Hadleigh

An attractive period office building in the centre of the attractive market town of Hadleigh, Suffolk has been sold by Whybrow.

 

Formerly owned and occupied by the founding partner of the long established engineering and building consultancy, Richard Jackson Partnership, read more about this completed sale just in time for Christmas trading.