35 HOLDENHURST ROAD, BOURNEMOUTHDORSET, BH8 8EJ

Freehold Office Building in Bournemouth’sPremier Business & Student District

FOR SALE

PRIOR APPROVAL SCHEME GRANTEDFOR 66 APARTMENTS

A Superb Opportunity for Investors, Developers & Occupiers

Summary

SummaryTelecom House presents a rare opportunity to acquire one of the principal office buildings in the heart of Dorset’s premier office and student district known as Lansdowne, Bournemouth.

▪ Of interest to developers, investors and owner occupiers

▪ Detached five storey office building ▪ Approximate net internal area -

30,203 sq ft ▪ 108 car spaces ▪ Freehold with vacant possession ▪ Prior approval granted to convert

the existing accommodation to 66 apartments

▪ Potential for additional floors or to redevelop the whole site to provide a new mixed use scheme (STPP)

▪ Excellent transport connectivity ▪ Site area – approximately 0.47 acres

(0.19 hectares)

SITE BOUNDARIES APPROXIMATE - ILLUSTRATION ONLY

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A338

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318

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OCCUPIERS

RETAILERS / AMENITIES

TRANSPORT

CAR PARKS

1 Capita / McCarthy& Stone / Gallagher

10 Tesco Express

16 Bournemouth mainlinerailway & coach station

17 Bus stops

18 Beryl bike stations

19 Cotlands Road (420 spaces)

2 Health on Line / Lloyds

11 Starbucks

3 Goadsby

12 Asda

4 Lester Aldridge

13 Subway

14 Premier Inn

15 Better Gym

5 HMRC

6 Bournemouth University

7 Dorset Police

8 4com

9 Hays Recruitment

Illustration onlyDo not scale

Situation The centre of attention& well connectedThis is a very accessible location approximately 550m from the Wessex Way which provides dual carriageway links to the A31 and M27 beyond. The mainline railway station is within 600m and provides a regular service to London Waterloo.

Bournemouth A place to enjoy theperfect work/life balanceBournemouth is an affluent town and one of the major commercial centres on the south coast, located approximately 105 miles south-west of London and 32 miles south west of Southampton.

The town has some remarkable natural assets, as well as some quaint suburban areas, and is a place to enjoy the perfect work/life balance.

Location/Situation

35

This drawing is the copyright of Roberts Limbrick Ltdand should not be reproduced in whole or inpart or used in any manner whatsoever withouttheir written permission.Do Not scale off this drawing, use only figureddimensions and report any discrepancies oromissions to the Architect immediately.

project

client

drawing

scale

date author

rev. date description

project

status

drg no. rev.

Gloucester, GL1 1DG

T. 03333 405 500mail@robertslimbrick.com

robertslimbrick.comwww.Registered Office : England No. 06658029

ROBERTS LIMBRICK LTD

The Carriage Building, Bruton Way,

Newport, NP20 4PGThe Estates Office, 25 - 26 Gold Tops,

Proposed change of use fromB1 Offices to ResidentialTelecom House, 35, Holdenhurst Rd,Bournemouth. BH8 8EH.

Telereal Trillium

Location Plan

PLANNING

1/1250 @ A3

01/20 T.Wakeman

9504 PL001 C

- - -

0 50m 100m

ILLUSTRATION ONLYDO NOT SCALE

The site comprises a broadly rectangular piece of land on the western side of Holdenhurst road. The site is bound by Holdenhurst Road to the east, existing retail/office units to the south, existing student accommodation to the west and to the north by a new PRS/office scheme.

The building was constructed in the 1980s and is arranged over 5 storeys. On the ground floor, there is a reception area leading to the core where there are stairs and two passenger lifts providing access to all of the floors. There are cloakroom facilities on each floor.

Externally, there are 63 allocated car spaces in Telecom House’s car park and there are an additional 45 allocated car spaces in the adjacent development, The Helm. Entry to the car park is via a shared driveway from Holdenhurst Road and the exit is via shared driveway leading on to Oxford Road.

Description

AccommodationGround FloorReception:28 sq m // 298 sq ftOffice:117 sq m // 1,262 sq ft

First Floor665 sq m // 7,155 sq ft

Second Floor665 sq m // 7,160 sq ft

Third Floor665 sq m // 7,163 sq ft

Fourth Floor666 sq m // 7,165 sq ft

Approximate net internal areas

Description/Accommodation

Freehold demise

Shared driveways for vehicular access

Sub station

ExistingGround Floor

ExistingTypical UpperFloor

Description/Accommodation

Freehold demise

Shared driveways for vehicular access

Sub station

Existing UseThe property is not listed and not located within a conservation area. We understand that the entire property benefits from B1(a) office use.

Prior Approval SchemePrior approval was approved on 2 April 2020, under reference 7-2020-879-BG, for 66 self-contained residential units (25 studios and 41 x 1 bedroom apartments) totalling 27,596 sq ft (GIA).

The application retains the 63 car parking spaces and 2 motorcycle spaces and 66 bicycle spaces would be need to be provided.

Additional StoreysThe property offers potential for further development by way of additional storeys and our client has prepared plans illustrating two additional floors incorporating an additional 29 units:

Proposed fifth floor4 studios, 5 x 1 bedroom apartments and 6 x 2 bedroom apartments.

Proposed sixth floor4 studios, 2 x 1 bedroom apartments and 8 x 2 bedroom apartments.

There has been a recent surge in development activity throughout the surrounding area with several new mixed use highrise schemes and the site could be suitable for a similar scheme - STPP. Note: Planning permission has not been submitted for the additional floors or external alterations. All planning enquiries should be directed to BCP Council - 01202 451451

Consented Scheme Investors & OccupiersExcellent letting prospects ▪ Sought after location for

tenants – Prime office location, close to amenities with strong transport links.

▪ Flexible floor plates, capable of subdivision.

Own, occupy and personalise ▪ Suitable for a variety of

occupiers – e.g. Office/medical/training (STPP where necessary).

▪ Rare HQ style building. ▪ Expand/Contract - Occupy part

and let surplus accommodation when it suits you.

CGI ILLUSTRATING THE BUILDING WITH NEW CLADDING & TWO ADDITIONAL FLOORS

Consented Scheme/Investors & Occupiers

ProposedGround Floor

ProposedTypical UpperFloor

Consented Scheme/Investors & Occupiers

Anti money launderingUnder Anti Money Laundering Regulations, we are obliged to verify the identity of a proposed purchaser once a sale has been agreed and prior to instructing solicitors. This is to help combat fraud and money laundering and the requirements are contained in statute. A letter will be sent to the proposed purchaser once terms have been agreed.

Further informationSite areaThe site has an approximate area of 0.47 acres (0.19 hectares)

TenureThe Freehold of the building is being sold with vacant possession upon completion. The building is held under title (DT139859). There is a deed of grant for the shared driveways from Holdenhurst Road & leading to Oxford Road & also the 45 allocated parking spaces in the adjacent development.

VATWe have been informed by our client that the premises are currently elected for VAT.

Rateable ValuesThe building is currently split into 12 assessments and full details can be found here.

EPC D - 80

Marketing / Technical information Please contact the agents for a link to the data room, which includes title information, floor plans, technical reports & planning documents

We have been instructed to invite unconditional offers in excess of £3.25M plus VAT (three million, two hundred and fifty thousand pounds), for the freehold interest with vacant possession and subject to contract only.

Offers should be emailed, clearly marked with ‘Telecom House, Bournemouth’ in the title, no later than 3PM ON THURSDAY 14TH OCTOBER 2021 to:

telecom@goadsby.com

Offers should include:

1. Identity of the proposed purchaser.2. Purchase price.3. Confirmation of funding and if the offer is subject to external funding. Please provide

proof of funding in the form of a bank statement or evidence of an approved loan.4. Confirmation that the marketing information has been reviewed.5. Proposed timescales for exchange and completion.6. Identity of the purchaser’s solicitors.7. Confirmation of Board approval, if required.8. It is requested that planning overage provisions are considered, in the event consent is

granted for additional floors or a comprehensive redevelopment of the site 9. Any other conditions Although it is our client’s intention to sell the property, they reserve the right not to accept the highest or any indeed any offer.

Proposal

Further information/Proposal

Block viewing dates will be set up throughout the marketing period and to arrange a viewing or for further information, please contact the sole agents, Goadsby, through whom all negotiations must be conducted.

These particulars are believed to be correct, but their accuracy is not guaranteed and they do not form an offer or contract. STRICTLY SUBJECT TO CONTRACT, ALL MEASUREMENTS APPROXIMATE. Agents note: At no time have we undertaken a structural survey and services have not been tested. Interested parties should satisfy themselves as necessary, to the structural integrity of the premises and condition/working order of services, plant or equipment.

Viewings/contact

01202 550000

James Edwardsjames.edwards@goadsby.com07801 734797

Lynsey Caunterlynsey.caunter@goadsby.com01202 550114