Freehold Office Investment For Sale with Approved Residential Conversion Opportunity – Octagon House, Gadbrook Park, Northwich, Cheshire, CW9 – Offers Over £8,000,000

Description

Octagon_House_For_Sale_Brochure_With_Planning

Octagon House represents a rare opportunity to acquire a substantial freehold commercial investment asset with the added benefit of an approved residential conversion scheme.

 

The property comprises a detached office building extending to approximately *51,169 sq ft* over two floors, set within a large landscaped site of approximately *7.13 acres* within the established Gadbrook Park Business Park, Northwich.

 

The building is currently let to an established outsourced communications and contact centre operator, with the lease showing an annual rent of *£930,000 per annum. The lease runs for a **10-year term from April 2026 to April 2036, with rent reviews on the **3rd, 6th and 9th anniversaries*, providing a strong income-producing investment profile.

 

In addition to the existing rental income, the property benefits from *approved Prior Approval planning permission for conversion from offices to residential use, creating a significant future asset-management or redevelopment opportunity. The approved scheme provides for **66 apartments, comprising **43 one-bedroom apartments* and *23 two-bedroom apartments*, with associated parking, communal areas and landscaped external space.

 

The planning approval was granted by *Cheshire West and Chester Council* under application reference *25/01423/PMA, with the approved scheme allowing conversion from **Offices / Class E* to *Dwellinghouses / Class C3*.

 

The site benefits from generous parking provision, with the residential conversion scheme showing *158 approved parking spaces, including **6 disabled bays*. The existing office investment also benefits from extensive secure parking provision across the wider site.

 

Octagon House occupies a low-density site in a highly accessible location, close to the *A556, with wider access to the **M6, **M56*, Manchester, Liverpool, Chester, Warrington and Manchester Airport.

 

This is an attractive opportunity for investors, developers and asset managers seeking an income-producing commercial property with a clear future residential conversion route already approved, subject to the existing occupational lease and buyer due diligence.

 

Agency fees may apply.

 

Key Features

• For Sale – Offers Over £8,000,000
• Substantial freehold office investment extending to approximately 51,169 sq ft
• Currently let at £930,000 per annum as stated within the lease
• 10-year lease from April 2026 to April 2036, with rent reviews on the 3rd, 6th and 9th anniversaries
• Large landscaped site of approximately 7.13 acres within Gadbrook Park Business Park
• Approved Prior Approval planning permission for conversion from offices to 66 residential apartments
• Approved residential scheme comprising 43 one-bedroom apartments and 23 two-bedroom apartments
• 158 approved residential parking spaces, including 6 disabled bays
• Excellent investment, asset-management and future redevelopment opportunity in a well-connected Cheshire location