FOR SALE THE PAGET BUILDING FLEET STREET BURTON UPON TRENT STAFFORDSHIRE DE14 3RS
SUBSTANTIAL PROPERTY OVER 3 FLOORS SUITABLE FOR CONVERSION TO RESIDENTIAL/OFFICE SUBJECT TO DETAILED PLANNING EPC GRADE: E(115) GUIDE PRICE £200,000
THE PAGET BUILDING, FLEET STREET, BURTON UPON TRENT, STAFFORDSHIRE SITUATION AND DESCRIPTION
The property is located on Fleet Street, close to the modern telephone exchange in Burton Upon Trent and close to Burton and South Derbyshire Technical College. The property lies within the allocated retail heart of Burton Upon Trent within the Local Plan. The premises form part of a larger site, originally held in the ownership of BT Property Limited and BT's retained property is primarily utilised as a telephone exchange. The building was constructed approximately 70 years ago, has solid brick walls under slated roofs with dormer windows.
ACCOMMODATION
There is vacant floor space on the ground, first and second floor of the building. There is an existing pedestrian access from the pavement in Fleet Street. The accommodation is edged red on the attached plans, for identification purposes only. Ground Floor - 2,239 sq ft (208 sq m) First Floor - 3,504 sq ft (325 sq m) Second Floor - 6,092 sq ft (566 sq m)
TENURE
Freehold interest in the property as edged red, subject to the area edged blue which is let to British Telecommunications Plc at a peppercorn rental. This Lease is not subject to rental review and British Telecommunications Plc have been granted the benefit of a floating option to break, providing a minimum 3 months notice is served. British Telecommunications have the benefit of a specific right to renew at the end of the current Lease, to override any provisions of Section 30 of the Landlord and Tenant act 1954. Note the proposed demise to which the above mention Leasehold interest extends to approximately 8,342 sq ft (774.8 sq m) and is highlighted in blue on the attached floor plans. Those areas highlighted in red relate to the areas to be offered with immediate vacant possession.
PLANNING
The property lies within an area allocated within the Local Plan for Town Centre uses which would include retail, office or residential uses. Further enquiries should be made of East Staffordshire Borough Council Planning Department on 01283 508000.
SERVICES
We are advised that all main services are available in the highway but believe that there are no current service connections in to this part of the building. Purchasers are advised to make their own enquiries of the service utilities.
ENERGY PERFORMANCE CERTIFICATE
The premises have an Energy Performance Certificate (EPC) as indicated on the front page of these particulars. A full copy of the EPC is available upon request from our office or can be downloaded from the Non-Domestic Energy Performance Register at www.ndepcregister.com using the postcode of the property.
GUIDE PRICE
£200,000
LEGAL COSTS
Each party to be responsible for their own legal costs incurred in the transaction.
VIEWING
Strictly by appointment with Rushton Hickman Limited or Joint Agents Gadsby Nichols 01332 290390.