Investment & Development - Case studies

Orchard Road - Royston, Hertfordshire

Description

Orchard Road, Royston comprises a mixed use property which extends to 38,785sqft and has a strong quality of tenants including Johnson Matthey plc, Kwik Fit, Asterand and the Old Factory Shop. The rent passing provides a reliable income stream with strong potential for rental growth. The 1.6 acre site could also offer the opportunity for future redevelopment.

Key Figures

  • Multi let
  • Strong tenant profile
  • Medium term development potential

350-362 High Road - Ilford, Essex

Description

A unit of circa 10,000 sqft with frontage to the main road. It is let to Howdens in a growing area on the cusp of East London which is expected to benefit significantly from the introduction of Crossrail.

Key Figures

  • Let to Howdens
  • Main road frontage
  • Potential for alternative use

Westwood and Horkesley Park - Colchester, Essex

Description

Pigeon completed the purchase of a major 200 acre estate in Great Horkesley, Colchester in April 2014. The estate comprises Westwood Park, a Grade II listed Tudor Manor House, which was used for both residential and serviced office use. The estate also contained residential dwellings, agricultural land and a brownfield redevelopment site on the side of the A134.

The main house, Westwood Park, has been sold to an owner occupier, this will be followed by a phased disposal of the agricultural land and remaining residential dwellings.

A Resolution to Grant planning permission for 22 units on the greenhouse site, Little Horkesley, was unanimously approved at planning committee in November 2016.

 

Key Figures

  • Major estate comprising mix of commercial, residential and agricultural uses
  • Strong asset management opportunities
  • Redevelopment proposals for exclusive residential development

Hodgson House - Chelmsford, Essex

Description

Pigeon purchased Hodgson House in central Chelmsford  in August 2012. The property, built in 1990, extends to around 12,700 sqft and provides grade A office space over four floors with good parking provision. After completing the asset management plan which consisted of re-gearing the lease to national house builder and contractor, Galliford Try, it was sold to a private investor in October 2015.

 

Key Figures

  • Grade A office
  • Potential to be multi-let
  • Sold to private investor

Thorpe Wood House - Peterborough, Cambridgeshire

Description

Pigeon acquired Thorpe Wood House in 2008. It is a 70,000 sqft office building let to UK utility company Anglian Water Services on an unexpired term of just over 11 years. Anglian Water Group supply water and other services to approximately 5.5m homes across the region. The property includes 346 car parking spaces and is strategically located for the city’s ring road.

The Pigeon East of England Property LP sold the property to a private overseas buyer for £13.95million in Summer 2017.

Key Figures

  • Let to Anglian Water on a long lease
  • Rental growth potential
  • Good transport links

Thetford Enterprise Park - Thetford, Norfolk

Description

In February 2013, Breckland Council resolved to grant planning for a 65,000 sq ft food store with a petrol filling station and planning permission was granted in December 2013. The development of the food store will provide the infrastructure to open a further 35 acres known as the Thetford Enterprise Park for further retail and employment development. This business park, with frontage onto the A11, is a key part of the growth plan for Thetford which will also see a further 5,000 houses developed. The dualling of the A11, to be completed in 2015, will notably reduce travel times to Cambridge and Norwich and will be the final link to form a high speed tech corridor.

Key Figures

  • Excellent transport links to A11
  • Suitable for commercial and retail uses

St Nicholas’ Court - Dersingham, Norfolk

Description

St Nicholas’ Court is a thriving medical and business centre.

The Carole Brown Health Centre and endoscopy surgery occupies the largest unit alongside Hawkins Solicitors, EH Prior & Sons Ltd, Allen Tomas and Co. Financial Management, and The Barn Hair Salon.

Key Figures

  • Multi-let business centre
  • Development comprised
  • New build and conversion of existing buildings
  • Situated in the popular village of Dersingham on the Sandringham Estate

Upper King Street - Norwich, Norfolk

Description

Situated in the heart of Norwich’s business district, the property is a prominent mixed use building. The lower parts of the building are let to two tenants; Marstons and Arnold Keys. The upper floors were refurbished in Spring 2016 and the second floor was let to Parkmoore Capital and Telsure Ltd in November 2016.

The third floor is currently available to let as high quality offices.

For more information please contact Bidwells, Norwich – 01603 763939

Key Figures

  • Mixed use office and leisure investment
  • Prominent location in Norwich city centre
  • Refurbished office space now available to let

Tayfen Road - Bury St Edmunds, Suffolk

Description

Tayfen Road is a 10 acre brownfield development site close to Bury St Edmunds town centre and is identified for regeneration by the Council.

Pigeon have now submitted an outline planning application for a mixed use development which will include 215 homes, a care home and community open space.

The property currently has some light industrial and motor trade use and is let to a mixture of national and regional occupiers.

Follow the link for more information: http://www.tayfenroadbury.co.uk/

Discussions are also taking place with end users.  For further information, please contact the agents:

Rapleys – 0870 777 6292

Savills – 01223 347 000

Mundford Road - Brandon, Norfolk

Description

A 40 acre site which houses one of the world’s leading facilities for the manufacture of concrete products. The hollow core and pre-cast factory is let to Oranmore Precast Ltd, one of the leading companies in the sector.

There are approximately 10 acres of available land. An application has been submitted on this land for a new mixed use scheme to include a foodstore, petrol filling station, playbarn and a variety of business uses.

Key Figures

  • Single let industrial and manufacturing investment
  • Edge of town location
  • Planning potential for alternative uses