With the continued lack of grade A space across the M1 Corridor and the added implications of the impending Energy Act, a number of dated buildings are being deemed obsolete and considered for alternative use - as we have seen with the sale of Stirling House in Northampton.
A 1980’s office building located on Cliftonville, the 15,000 sq ft three storey building has been vacant for some years but was recently sold to the NCC for conversion to a primary school. This reflects the necessity for landlords and agents to think laterally to try and maximise the value of a diminishing asset. For a breakdown of Northampton office supply, click here.
Grade A office space accounts for just 8% of Central Milton Keynes supply, and the volume of refurbished stock is dwindling. For a breakdown of Milton Keynes supply, click here.
Luton & Dunstable has seen a number of enquiries from developers looking to convert vacant 1970’s-1980’s office buildings to alternative uses with student accommodation and hotel uses currently being considered on at least two significant town centre buildings. For a breakdown of Luton & Dunstable supply, click here.