35 Holdenhurst Road, Bournemouth, BH8 8EJ

Description
The existing office building is understood to have been built in the 1980’s and occupies a site of 0.489 acre (0.2ha) It provides accommodation over ground and 4 upper floors and has parking for 108 cars. The building is served by two staircases and has been stripped back to shell and core.

There is a small substation compound in the corner of the car park which is held on a lease by SSE Services PLC.

The site is bound by Holdenhurst Road to the east, a parade of established retail units to the south, a 500 bed PBSA property (Purbeck House) to the west and to the north by The Helm.

Location
The coastal resort of Bournemouth, Dorset is an affluent South Coast town famous for its seven-mile stretch of award-winning sandy beaches and its mild microclimate.

It is a major commercial centre as well as being hoe to an international airport, two universities, a large teaching hospital and Premier League football team. Local employers include JP Morgan Chase, Vitality, Barclays, Honeywell Aerospace and McCarthy & Stone.

Telecom House occupies a very accessible location on the north side of Holdenhurst Road, approximately 550m from the Wessex Way (A338) which provides dual carriageway links to the A31 and the M27 beyond. The mainline railway station is within 600m and provides a regular service to London Waterloo via Southampton and Winchester.

Terms
The freehold of the building is being sold with vacant possession upon completion. The building is held under title (DT139859). Unconditional offers are invited for the freehold interest, price on application.

Proposal
Telecom House is a consented development opportunity occupying a prime location in central Bournemouth, less than half a mile from the railway station and similar distance from the town's famous beaches.

Holdenhurst Road has been the focus of a substantial amount of development in recent years including M&G's 19 storey 'The Helm' development which adjoins Telecom House and includes 35,000 sq ft of offices, part let to Barclays and 163 build to rent units. The area is also home to Bournemouth Universitys Lansdowne Campus, Bournemouth & Poole College, office occupier and a significant number of PBSA developments. The property benefits from a November 2023 planning consent for demolition of the existing office building and redevelopment of the site with a mixed-use building up to 24 storeys and comprising of 252 apartments (Use Class C3) and communal facilities, with commercial floorspace (Use Class E) on the ground floor.

Conversion
The building has previously benefitted from Prior Approval for conversion from office to 66 apartments (Class C3) consisting of 25 studio and 41 1-bedroom apartments plus 63 car parking spaces, 2 motorcycle spaces and 66 cycle spaces. Granted in April 2020. The consent has since expired but can be viewed looking on the BCP Register.

Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.

VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.

AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.