Bruges Place , 15-20 Baynes Street , London NW1

16,660 sq ft

  • Door and gate entry phone systems
  • Freehold ‘gated studio style’ offices together with 21 residential flatssold off on long leases
  • Secure gated parking
  • Secure onsite car parking for approximately 14 vehicles. Central heating/part comfort cooling
  • Timber floors
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Description

The existing office building is a purpose built office building constructed in 1974 and was most recently occupied by the Ford Motor Company.

The building is being sold with outline planning consent to include: the alteration and extension to the existing structure to create a high quality residential scheme of approximately 10 storeys which will provide retail uses (Class A1/A3) and approximately 359 residential units, a rear extension to provide car parking, landscaping and other works incidental to the development of the site.

The surrounding area offers a wide range of retail outlets and leisure facilities. A little further and you will find Basildon Sporting Village, which offers a host of recreational activities, while the Festival Leisure Park is home to Empire Cinema, Hollywood Bowl, night clubs, bars and restaurants. There are also a number of country parks and golf courses in the surrounding area.

Location

The building is located in the London Borough of Camden, approximately 1.6 km (1 mile) north of Euston Road.

Camden is an important Central London office sub market and has developed into a thriving commercial centre and an established office destination that appeals to occupiers seeking an alternative to Soho and Covent Garden. Camden has attracted notable UK music and fashion companies along with innovative media and design firms including MTV, Warner Bros, Hugo Boss, Young & Rubicam, Easy Group, Viacom, Asos and Emap.

The area benefits from excellent transport links with Camden Town underground station (Northern Line) and Camden Road Station (North London Overground Line) being within easy walking distance as well as the numerous bus routes that serve Camden Road and Royal College Street.

The building is within 30 metres of Regent’s Canal providing access to the craft stalls and quirky clothing shops of the famous Camden market which attracts over 150,000 visitors each week. Significant development is ongoing within the area and includes schemes such as Camden Canal Market/Stables Market comprising 49,238 sq m (530,000 sq ft) of retail, leisure, offices and residential that received planning permission in April 2013.

Offers
Offers are invited in excess of £5,750,000 subject to contract and exclusive of VAT. A purchase price at this level reflects a capital value of £345.14 on the net internal area and £330.84 psf on the gross internal area.
GN2 gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, or Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of GN2 has any authority to make any representation or warranty whatever in relation to this property.