Acquired
Leighton Buzzard – Office with Planning for 6 Flats
1/3 High Street, Leighton Buzzard, Bedfordshire LU7 1DPFreehold Vacant Office with Residential Development Opportunity
Investment Consideration
- Full vacant possession
- Comprises vacant self-contained office accommodation at first and second floor
- Benefits from 4 parking spaces at rear
- Permitted development approved for conversion of first and second floor office to 6 residential flats
- Scope for planning amendments to create a larger scheme. Additional development potential to extend into the roof gap to create more 2 beds and/or re-engineer existing space to fit two more units, STTP.
- Town centre location within 10 minute walk to Leighton Buzzard train station
- Nearby occupiers include Post Office, Halifax, Argos, Subway, Waitrose and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises vacant self-contained office units at first and second floor. The property benefits from large parking at rear for 4 cars and provides the following accommodation and dimensions
First Floor: 207 sq m (2,228 sq ft)
10 Office Rooms, Kitchenette, Office, Storage
Second Floor: 96 sq m (1,032 sq ft)
8 Office Rooms
Total internal area: 303 sq m (3,260 sq ft)
Development Opportunity:
Permitted development approved for conversion of first and second floor office accommodation to 6 self-contained flats (5 x 1-Bed and 1 x 2-Bed), providing the following accommodation and dimensions:
First Floor: 207 sq m (2,228 sq ft)
Flat 1 (1B 1P) - 39 sq m (420 sq ft)
Bed Space, Kitchen/Living Room, Bathroom
Flat 2 (2B 3P) - 61 sq m (656 sq ft)
2 Bedrooms, Kitchen/Living Room, Bathroom
Flat 3 (1B 2P) - 56 sq m (603 sq ft)
Bedroom, Kitchen/Living Room, Study Room, Bathroom
Flat 4 (1B 2P) - 51 sq m (549 sq ft)
Bedroom, Kitchen/Living Room, Study Room, Bathroom
Second Floor: 96 sq m (1,032 sq ft)
Flat 5 (1B 1P) - 48 sq m (516 sq ft)
Bedroom, Kitchen/Living Room, Bathroom, Storage
Flat 6 (1B 1P) - 48 sq m (516 sq ft)
Bedroom, Kitchen, Living/Dining Room, Bathroom, Storage
Development Potential:
Scope for planning amendments to create a larger scheme. Additional development potential to extend into the roof gap to create more 2 beds and/or re-engineer existing space to fit two more units, subject to obtaining the necessary consents.
First Floor: 207 sq m (2,228 sq ft)
10 Office Rooms, Kitchenette, Office, Storage
Second Floor: 96 sq m (1,032 sq ft)
8 Office Rooms
Total internal area: 303 sq m (3,260 sq ft)
Development Opportunity:
Permitted development approved for conversion of first and second floor office accommodation to 6 self-contained flats (5 x 1-Bed and 1 x 2-Bed), providing the following accommodation and dimensions:
First Floor: 207 sq m (2,228 sq ft)
Flat 1 (1B 1P) - 39 sq m (420 sq ft)
Bed Space, Kitchen/Living Room, Bathroom
Flat 2 (2B 3P) - 61 sq m (656 sq ft)
2 Bedrooms, Kitchen/Living Room, Bathroom
Flat 3 (1B 2P) - 56 sq m (603 sq ft)
Bedroom, Kitchen/Living Room, Study Room, Bathroom
Flat 4 (1B 2P) - 51 sq m (549 sq ft)
Bedroom, Kitchen/Living Room, Study Room, Bathroom
Second Floor: 96 sq m (1,032 sq ft)
Flat 5 (1B 1P) - 48 sq m (516 sq ft)
Bedroom, Kitchen/Living Room, Bathroom, Storage
Flat 6 (1B 1P) - 48 sq m (516 sq ft)
Bedroom, Kitchen, Living/Dining Room, Bathroom, Storage
Development Potential:
Scope for planning amendments to create a larger scheme. Additional development potential to extend into the roof gap to create more 2 beds and/or re-engineer existing space to fit two more units, subject to obtaining the necessary consents.
Tenancy Description
The office accommodation is at present vacant. The two ground floor shops have been sold-off on a 999 Year lease from 2022.
Location Description
Leighton Buzzard is a market town in Bedfordshire, England, near the Chiltern Hills, between Aylesbury, Tring, Dunstable and Milton Keynes 36 miles northwest of Central London, and linked to the capital by the Grand Union Canal and the West Coast Main Line to London Euston. The town is close to the M1 motorway and A5 road, and is served by Southern and London North-western Railway services on the West Coast Main Line railway at Leighton Buzzard railway station (in Linslade). The railway operates non-stop commuting services to Euston railway station, with the fastest peak journey times less than 30 minutes. The property is located within 0.6 miles to Leighton Buzzard Train station, which provides direct services to London Euston in less than 30 minutes. Nearby occupiers include Post Office, Halifax, Argos, Subway, Waitrose and more.
