The Atrium & Bicentennial Building, Chichester_Property for Sale
The Atrium & Bicentennial Building, Chichester_Property for Sale
Chichester, UK, EMEA

The Atrium & Bicentennial Building, Chichester

Portfolio description

The Atrium comprises a self-contained office building arranged over basement, ground and two upper floors, totalling 49,381 sq ft, together with 140 basement and surface car parking spaces. Built in 2002, the property is of concrete frame construction with a steel and timber frame roof structure. The building is configured around an impressive full height atrium, allowing for excellent natural light throughout the office space.


The Bicentennial Building comprises a self-contained office building arranged over ground and two upper floors, totalling 19,282 sq ft, together with 42 surface car parking spaces. Built in 2005, the property is of concrete frame construction with a timber frame roof structure. The building is configured in an L-shape, with average floor plates of approximately 6,400 sq ft, which have been divided into smaller suites ranging from approximately 250 sq ft - 6,300 sq ft.

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Attributes

Building area gross
86,855 sf
Number of buildings
2
Land area gross
2 acres
Tenure
Freehold
The Atrium & Bicentennial Building, Chichester (2 Properties)
The Atrium & Bicentennial Building, Chichester (2 Properties)

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Investment Highlights

  • Rare opportunity to acquire a prominently located 2-acre site in the cathedral city of Chichester, adjacent to the train station.
  • Chichester is an attractive cathedral city located approximately 66 miles south west of London, benefiting from an affluent population and wide ranging local amenities.
  • Compelling re-positioning potential for either a comprehensive office refurbishment or conversion / redevelopment of the existing buildings to a number of alternative uses.
  • Potential to benefit from changes to Permitted Development Rights for residential conversion which have recently come into effect.
  • Potential to further increase density by way of a Class AA application.
  • The Atrium comprises 49,381 sq ft of office accommodation and will be sold with vacant possession.
  • The Bicentennial Building comprises 19,282 sq ft of office accommodation and is multi-let to four tenants.
  • Potential to achieve vacant possession of the Bicentennial Building by October 2026 with various mutual/landlord break options.
  • Low site coverage with an excellent town centre parking ratio of 1:353 sq ft on The Atrium and 1:459 sq ft on the Bicentennial Building.
  • Freehold.
The Atrium & Bicentennial Building, Chichester 4_Property for Sale
The Atrium & Bicentennial Building, Chichester 4_Property for Sale

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Last updated
16 Jul 2024