West Bars House, West Bars, Chesterfield, Derbyshire, S40 1AQ

  • Located in the heart of Chesterfield Town Centre
  • Prominent building extending to four storeys, with the opportunity to add an additional two storeys, subject to planning
  • Part let, with an annual rental income of £53,300 from three ground floor retail premises
  • Freehold
  • Substantial redevelopment opportunity for commercial or residential uses (under permitted development rights)

Description

West Bars House is a substantial four-storey semi-detached building, constructed of brick elevations beneath a flat roof with metal frame windows. The building extends over four storeys in total, comprising fully occupied ground floor retail premises with three storeys of open-plan office accommodation.

Floor Area

11,588 sq ft (1,076 sq m)

Viewing Arrangements

By appointment with the sole marketing agents.

Location

The property occupies a prominent position within Chesterfield Town Centre and the vicinity comprises a pedestrianised retail parade and residential accommodation.

Tenure

The freehold is being sold subject to the three occupational tenancies, on a sold as seen basis. Interested parties will receive a link to the Data Room,
and are encouraged to carry out their own due diligence once they have scrutinised the available information. Any conditions/additional information required should be specified within the offer. Offers are invited on an unconditional basis with an overage provision. Offers conditional upon planning will be considered, but are less favourable to the Vendors.

Town and Country

LOCAL PLAN
The Local Authority is Chesterfield Borough Council, whose Development Plan (Chesterfield Borough Council Local Plan), adopted in July 2020, outlines the Town Centre as a strategic site. Having consulted Chesterfield Borough Council, they have confirmed that residential conversion of West Bars House would be considered as permitted development rights introduced in May 2013 (amended 2016) allow the change of use of buildings from B1(a) (offices) to C3 (dwelling houses), subject to a prior approval process by the Local Planning Authority (LPA). The priority for development will be to continue delivering and regenerating brownfield land. Developing the Masterplan (Part II) of the Chesterfield Masterplan highlights development in the town centre should build upon this success and continue to increase the amount of housing available in town centre locations and support the shops and services in the town.

The agents will send all interested parties a copy of the following information which will be shared via a we transfer link –
A copy of the Title
Copies of the occupational leases
Floor plans
OS plan
CAD dwg files
Asbestos report
Comments on planning from Jump Architects
Schedule of floor areas
EPC’s
Service Charge Budget

Your contact at NG is;

Ellis Cullen, Direct Dial: 0115 989 7092


To find out more about this property, give us a call on 0115 958 8599