_Description_
Bray Fox Smith Living is delighted to seek unconditional offers for Castle
House, a rare and prominent freehold office or residential development
opportunity in the heart of High Wycombe.
• The property lies on the edge of High Wycombe town centre, approximately 0. 2
miles from High Wycombe station.
• The site extends to approximately 0. 61 acres (0. 25 hectares) and currently
comprises an 20, 039 sq ft office building arranged over 3 storeys and 78
parking spaces.
• The property is being sold with the benefit of a tenancy until July 2025 at
a passing rent of £425, 000 per annum.
• Potential to undertake a comprehensive office refurbishment or to redevelop
/ convert the buildings under permitted development to create a substantial
residential scheme.
• Freehold.
• Strong underlying demand from owner occupiers and investors attracted by the
connectivity to London and High Wycombe's vibrant town centre.
• Unconditional offers sought.
_Location_
High Wycombe is an affluent town located 28 miles north west of Central
London. Oxford is 23 miles to the north west, and Maidenhead 8 miles to the
south. The town is well served by mainline rail and Heathrow Airport is 17
miles away.
The site is prominently located in the centre of High Wycombe and is a short
walk from the train station. The pedestrianised town centre which provides a
wide range of retail and leisure options is immediately to the south and west
of the site, with low density housing and the mainline railway to the north.
High Wycombe is a popular location to live as it offers easy, affordable
access to the affluent towns such as Marlow, Henley - on - Thames and
Beaconsfield, as well as excellent train links into Central London, and
Oxford.
The potential for significant future capital appreciation will appeal to owner
occupiers and investors seeking value for money without compromising on
connectivity.
_The Site_
The site occupies a prominent position on Castle Street and is conveniently
located on the northern edge of High Wycombe town centre.
At approximately 0. 61 acres (0. 25 hectares), the site currently comprises a
modern office building over four storeys. The property was built in 1987 and
is of stone and brick construction. It currently provides open plan office
accommodation over ground and two upper floors, with the third floor reserved
for the buildings plant. The office accommodation is dated with mineral fibre
ceilings and LED lighting.
There is a small surface visitor car park to the front and a large existing
two tiered car park to the rear of the property providing 78 parking spaces.
The site is not listed but lies adjacent to a Conservation area and sits
within the Primary Shopping Area as defined in the Wycombe Core Strategy 2013.
Accommodation
Ground Office - 5, 993 sq ft
Reception - 311 sq ft
First Office - 6, 873 sq ft
Second Office - 6, 862 sq ft
Total IPMS3 - 20, 039 sq ft
_Planning_
The site lies within the administrative boundaries of Buckinghamshire Council.
The framework provided by Wycombe District Local Plan (2019) and Delivery and
Site Allocations Plan (2013). The site lies in an area designated as a town
centre and primary shopping area. The existing buildings are not listed
although lie adjacent to the High Wycombe Conservation Area.
The site is not subject to an Article 4 Directions, as such a developer could
seek to convert the existing buildings under Permitted Development rights.
Several indicative schemes have been prepared by Child Graddon Lewis
Architects to demonstrate the sites development potential. These range from
conversion of the existing buildings to a comprehensive new build scheme.
A copy of the planning note that was produced by Lichfield is available in the
data room.
_Development Potential_
Several indicative schemes have been prepared by Child Graddon Lewis and Bray
Fox Smith Living that consider a variety of uses and options for the site.
The existing office building offers the opportunity to convert the building
into residential use under permitted development rights. An additional two
storeys are proposed (subject to obtaining the necessary planning consents)
which would create a scheme of 43 apartments alongside a ground floor
commercial unit.
64 parking spaces are proposed which exceeds local policy with the remaining
grounds being landscaped to make pleasant green amenity space for residents.
Please note that these plans are to illustrate the development potential of
the site and prospective purchasers are encouraged to undertake their own due
diligence in supporting their development solutions. A copy of the feasibility
studies, site plans and area schedules are included within the data room.

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