Key Information
- GIA: 64,021 sq ft (5,948 sq m)
- Opposite the Midland Mainline Rail Station
- 48 secure car parking spaces
- Offers in excess of £4,000,000
- Full access raised floors
- Suspended ceilings with recessed lighting
- Offers in excess of £4,000,000
The building comprises an attractive and imposing six storey detached office building. The building was constructed in 1990 around a steel frame, brick elevations, a pitched roof and double-glazed windows. The accommodation internally benefits from good natural light, with open plan floor plates and good floor to ceiling heights. An impressive reception area at ground floor leads out onto Waterloo Way and access to the onsite secure car park.
Location
The building stands prominently at the junction of Waterloo Way and London Road opposite the Midland Mainline railway station and within the prime office district of Leicester. Arnhem House lies at the top of Granby Street that facilitates easy access to Highcross Shopping Centre and the general retail and leisure facilities within the city centre approximately a 10 minute walk away. Nearby occupiers include Shakespeare Martineau, Berkerley Insurance, Freeths, Octopus Energy and NHS. The St Georges Cultural Quarter also lies in walking distance, providing a lively mix of theatre, cinema, restaurants and bars, including The Curve and Phoenix Square. The local area will significantly benefit from the £22m investment and the ongoing refurbishment of the station to provide for the station's renovation and the creation of a new pedestrianised public plaza opposite Arnhem House.
VAT
All figures quoted are exclusive of VAT. The property is registered for VAT which will be charged at the prevailing rate.
EPC
The premises have an EPC assessment of: 79 (band D)
Legal Costs
Each party is to bear their own legal costs incurred.
Planning
The property presents an excellent opportunity to undertake the comprehensive refurbishment of the building to continue the existing use for offices, or a range of different uses including residential conversion, both for the student and private build to rent markets. Permitted Development Rights may provide a useful tool with which to maximise the planning potential of the building. The property is not listed, nor is it located within a conservation area. An indicative layout shows the potential for 88 studios, 1 and 2 bed apartments with a further 3 units potentially available within the roof and plant space.
Viewing
Viewings are by appointment with Innes England or our joint agent Lewis & Partners.