Office-to-resi conversion opportunity unveiled
March 28, 2022
A major Bedfordshire office building with planning consent to convert into 29 apartments is on the market, Kirkby Diamond announced today.
The office building at The Harpur Centre, in Bedford Town centre, has permitted development granted for conversion to residential use with indicative massing drawn up for a rooftop extension to create a further 10 units, subject to the necessary consents. Offers in excess of £2.75 million are invited.
Alternatively, the building is available to let as offices and provides 18,557 sq ft of flexible space over four floors. It includes private offices, meeting rooms, air conditioning, reception area and 48 on-site parking spaces. Kirkby Diamond has been instructed by the owner’s asset manager Tellon Capital with joint agents for the residential sale, D.I Properties.
Andrew Clarke, associate head of agency at Kirkby Diamond’s Bedford office, said: “The building is situated right in the very heart of Bedford centre, adjacent to the Harpur Centre, the town’s largest indoor shopping centre, and the Riverside North development which includes a range of restaurants, a Vue cinema, Premier Inn Hotel and an Anytime Fitness Gym.
“It presents a wonderful opportunity for a developer to create an outstanding residential development of high quality apartments, with parking, within walking distance of Bedford railway station, providing direct services to London St Pancras in 38 minutes.
“It has permitted development for 21 one-bedroom and eight two-bedroom apartments arranged across the first, second and third floors and indicative massing for 10 apartments via a rooftop extension. It really is an exciting proposition for developers to create a high quality, build to rent or private sale scheme.”
He added: “On the other hand, the property is also available as an office headquarters building, providing high quality, refurbished accommodation in a central location with first class transport links.”