Education Training Complex, Old Houghton Road, Hartford, Huntingdon, Cambridgeshire, PE29 1YB

Guide Price* : £2,250,000

Former training complex with potential for development (subject to planning)

Upon Instructions of

  • 3,356 sq m (36,132 sq ft)
  • Comprises five training buildings
  • Site area of 1.97 hectares (4.87 acres)
  • Part income producing
  • Freehold

Description

The subject property comprises a 1.97 hectare (4.87 acre) site with a range of office, training and warehouse buildings together with a tarmacadam roadway and car parking areas. The main vehicular access is marked by a steel barrier from Old Houghton Road. The previous occupier operated as a training provider offering health and safety and environmental courses for the construction industry.

The site is set back from Old Houghton Road and is screened by trees and hedges on all sides of the site. The surrounding area is predominantly residential, with large detached houses opposite the main entrance to the site. To the east of the site is Hartford Marina with the River Great Ouse running to the south.

We summarise the accommodation below:

Main Office Block - 5,526 sq ft (513 sq m)

Annexe - 1,689 sq ft (157 sq m)

Atrium - 3,359 sq ft (312 sq m)

Refectory - 6,460 sq ft (600 sq m)

Skills Building -

High Bay Warehouse - 10,369 sq ft (963 sq m) - minimum eaves height of 10.4m

Low Bay Warehouse - 6,265 sq ft (582 sq m) - minimum eaves height of 6.42m

Mezzanine - 2,464 sq ft (229 sq m)

Location

The property is situated in the village of Hartford, which is 1.5 miles to the east of Huntingdon and approximately a 7 minute drive to the A14 (junction 23). Old Houghton Road is accessed from the B1514, close to the roundabout with the A141/A1123. The Cambridgeshire Guided Busway stops opposite the entrance to the property and connects Cambridge, Huntingdon and St Ives.

Old Houghton Road is now a cul-de-sac which was formed when the Huntingdon bypass was constructed and now takes traffic along the A1123 and A141.

A14 Upgrade

The £1.5bn project will upgrade 21 miles of the A14, adding additional capacity and cutting up to 20 minutes off journeys. It will include a major new bypass for Huntingdon, widening the A1 between Brampton and Alconbury, widening the existing A14 between Swavesey and Milton and improving the junctions at Bar Hill, Swavesey, Girton, Histon and Milton. There will also be improvements in Huntingdon town centre, including the demolition of the A14 viaduct and a new local access road. The project is on schedule to open to traffic by the end of 2020.

Tenure

Freehold. The chattels are not included in the sale.

Planning

We have been advised by the LPA that there are a series of planning permissions for development on this site with the descriptions typically being ‘erection of training facility’ or similar. This would be classed as a D1 use. Applicants are advised to make their own enquiries.

N.B. A planning application has been submitted for the erection of 27 residential properties on land to the north of the subject property (18/02239/OUT).

Tenancy

Terms have been agreed (subject to lease) on part of the main office block and part of the skills building with Warren Access Huntingdon Limited to enter into a new lease at a rent of £20,000 pa.

There are solar panels on the roofs of some of the buildings, which provide income from a Feed in Tariff.

Further information is available in the legal pack.

Planning Authority

Huntingdonshire District Council - 01480 388 388 (www.huntingdonshire.gov.uk)

VAT

We understand the property is elected for VAT. It is anticipated that the sale can be dealt with as a transfer of a going concern

Energy Performance Certificate

Main Office Building - D-91
Annexe - D-95
Atrium - D-85
Refectory - C-64
Skills Building - B-32

Note

Sale By Joint Administrators

Please note that this is a sale by Andrew McTear and Chris McKay of McTear Williams & Wood, acting as joint administrators of West Anglia Training Association Limited and without personal liability. The Joint Administrators cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them.

Vendor's solicitor

Mills & Reeve LLP
Judy Day
01603 693 283
judy.day@mills-reeve.com

Joint auctioneers

Lambert Smith Hampton Nick O'Leary
01223 814 256
noleary@lsh.co.uk

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

The auction has not yet started
Minimum Opening Bid

£2,000,000


Bidding Opens On
27th Mar 2019 11:00
End Date

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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Joint Agent

Nick O'Leary
01223 814 256

Vendor

The joint Administrators, McTear Williams & Wood

Vendors Solicitor

Judy Day
01603 693 283

Related Documents

Legal Documents

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