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Land for sale in London (region)

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For Sale£6,000,000.00
A fantastic opportunity to acquire a cleared site with planning consent to deliver 32 Serviced Apartments above three floors of B1 Office Space.

• Located on Chamber Street, a short walk from the Tower of London, Fenchurch Street and the City of London.

• Planning Permission granted for a seven storey building providing 379 sqm of office space and 32 serviced apartments (C1 use class).

• Benefits from significant local development projects such as the relocation of the Chinese Embassy.

• The Royal Mint Gardens development, located opposite the site, is currently under construction and will modernise the street scape on Chamber Street while providing an active frontage.

Southern Grove are seeking unconditional offers for the freehold land in excess of £6,000,000, subject to contract.
For SalePOA
Total site extends to c. 10.8 hectares (26.8 acres)

Vacant possession available upon completion

0.3 miles (6 minute walk) from Northwood Hills Underground Station

Offers invited for the freehold interest on an unconditional basis
For Sale£4,000,000.00
New
▶ Long leasehold (150 years) disposal ▶ Planning permission has been granted (and implemented) for the restoration and conversion of the Grade II listed St Saviour’s Church and the redevelopment of the hall to provide 27 private residential units ▶ The property is surrounded by the green open space of Bartlett park, which is currently being landscaped ▶ Within easy reach of Canary Wharf and the City ▶ Unconditional offers required

Planning permission was granted on the 31st July 2014 for the restoration and conversion of St Saviour’s Church and the redevelopment of the former RBL building to create a new 3.5 storey building to provide residential accommodation. his has since been implemented and a Certificate of Lawful Development issued. 19 units will be created within St Saviour’s Church (7 x 1-bed, 11 x 2-bed, 1 x 3-bed) and 8 units will be created in the new residential building (2 x 1-bed, 6 x 2-bed). All of the units will be private. The planning permission also provides communal gardens, play space and secure bin and cycle storage. The development will be a car free scheme with occupiers not being eligible for residents on street permit parking. The property is not located within a conservation area but the church is on the “Heritage at Risk” Register, due to its dilapidated state. The S.106 has been completed which includes a financial contribution of £160,106.

Offers in excess of £4,000,000

The property comprises a dilapidated Grade II listed church building situated on the eastern section of the site and a smaller single storey building formerly used as a Royal British Legion (RBL) Club, situated on the western section of the site. There is a small freehold residential site located between the Church and the RBL building known as St Saviour’s Court. This property now lies outside of the site boundary, having been sold by the Vendor (London Diocesan Fund) some years ago. The church was built in 1873-1874 but was damaged by a fire in 2007 leaving the brick and stone walls but no roof, supported by scaffolding. The site extends to 0.15 hectares (0.37 acres).

The property is within easy reach of Canary Wharf which is less than a mile away. Langdon Park DLR is approximately 500 metres to the east and All Saints DLR is about 700 metres to the south.

Long leasehold (150 years) disposal

Planning permission has been granted (and implemented) for the restoration and conversion of the Grade II listed St Saviour’s Church and the redevelopment of the hall to provide 27 private residential units

1,856.9 sq m (19,987.7 sq ft) of consented net saleable residential space

The property is surrounded by the green open space of Bartlett park, which is currently being landscaped

Within easy reach of Canary Wharf and the City

Unconditional offers required
A Residential Development Opportunity in East London
Type: Land, Commercial Land
Location: St Saviour's, Arcadia Street and Northumbria Street, E14 6LF
Images: 1
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For SalePOA
OR
For Rent£18,000.00 Per Annum
The property comprises a large retail shop with a good sized extension to the rear.
( Agency Pilot Software Ref: 8904232 )
21 Elm Parade Shops, Elm Park Avenue, Hornchurch, RM12 4SA
Type: Retail - High Street, Land, Retail, Commercial Land
Location: 21 Elm Parade Shops, Elm Park Avenue, Hornchurch, RM12 4SA
Size: 1653 Sq Ft
Images: 4
Brochures: 1
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For Sale£2,250,000.00
FREEHOLD SITE FOR SALE FOR 9 CONTEMPORARY FLATS
( Agency Pilot Software Ref: 4063 )
9 Sydenham Hill, London, SE26 6SH
Type: Land, Commercial Land
Location: 9 Sydenham Hill, , London, SE26 6SH
Size: 5704 Sq Ft
Images: 1
Brochures: 1
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For SalePOA
Becketts House and 1-3 Caxton Place are two office buildings situated on the south side of Ilford Hill set across a site approximately 0.27 hectares (0.66 acres) in size.

To the west of the site is the River Roding and to the south, Roden Street. To the east is Ilford Quarter, a development site which is currently under construction and to the north is Ilford Hill.
Becketts House & 1-3 Caxton Place
Type: Land, Residential, Commercial Land
Location: Becketts House & 1-3 Caxton Place, Ilford, IG1 2DA
Images: 2
Brochures: 1
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For SalePOA
Must See
Total site extends to c. 10.8 hectares (26.8 acres)

Vacant possession available upon completion

0.3 miles (6 minute walk) from Northwood Hills Underground Station

Offers invited for the freehold interest on an unconditional basis
SUBSTANTIAL LONDON BOROUGH OF HILLINGDON GREENFIELD OPPORTUNITY
Type: Farm, Land, Commercial Land
Location: Joel Street Farm, Joel Street, HA5 2PD
Size: 10.8 Hectares
Images: 1
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For Sale£925,000.00
Vacant 0.47 acre site suitable for a number of uses subject to obtaining planning permission.

The site is located just off the A406 North Circular Road, on the south side of Harbet Road (opposite Costco Wholesale) between the junctions with Shadbolt Avenue and Folly Lane.

The site benefits from excellent transport links. There is direct access to both eastbound and westbound carriageways of the A406 North Circular Road from the western and the eastern end of Harbet Road respectively.

Angel Road Railway Station, which is within a short walking distance, provides regular services (18 minutes travel time) to Stratford Station. Angel Road station also provides services (5 minutes journey time) to Tottenham Hale Station with its connections to London Underground (Victoria Line) and the Stansted Express, with a travel time of just under one hour to Stansted Airport.

The location is home to a number of major commercial occupiers and retailers including: Costco Wholesale, BP garage, Costa Coffee, Dreams, Toolstation, Topps Tiles, B&Q, Halford Auto Centre, Bristol Street Motors, Ikea and Safestore Self Storage.

London City Airport is approximately 8.5 miles distant.
Freehold 0.47 Acre Site For Sale - Chingford, London E4
Type: Storage, Land, Other, Industrial, Commercial Land, Other Property Types & Opportunities
Location: Land at Greaves Cottages, Harbet Road, London, E4 8QB
Images: 6
Brochures: 1
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For SalePOA
Colliers International are instructed to sell a 0.35 acre (0.14 ha) residential development site with planning consent for the change of use of the existing warehouse to provide 24 units, additionally the erection of a new 8-storey residential building to accommodate 21 units.
THE SITE IS APPROXIMATELY 0.35 ACRES (0.14 HECTARES) AND COMPRISESA SINGLE VACANT 4-STOREY WAREHOUSE BUILDING OF MASONRY CONSTRUCTIONAND A SINGLE STOREY VACANT OFFICE BUILDING WITH AN ASSOCIATED YARD,GARAGE AND ENTRANCE WAY. THE TOPOGRAPHY OF THE SITE IS LARGELY FLAT.A view across Central London can be seen from the top of the existing structure.The site benefits from two access points. The main access is provided via aprivate driveway, which forms part of the title boundary, The property is setback off of Manor Park Road in a quiet area.
Manor Park Works, Manor Park Road, London, NW10 4JJ
Type: General Industrial, Land, Residential, Distribution Warehouse, Industrial, Commercial Land
Location: Manor Park Works, Manor Park Road, London, NW10 4JJ
Images: 1
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For SalePOA
The site is bordered by Manford Way to the north, the park adjacent to Staggart Green to the east, Kielder Close to the south and by a community centre to the west. The site extends to 0.33 hectares (0.82 acres) and comprises a two storey red brick building which is occupied by a Builder’s Mart. The building extends to approximately 385 sq m (4,144 sq ft) GIA.
Manford Way
Type: Mixed Use, Land, Residential, Other Property Types & Opportunities, Commercial Land
Location: Manford Way, Chigwell, IG7 4DF
Size: 103775 Sq Ft
Images: 1
Brochures: 1
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For SalePOA
The property comprises a largely flat rectangular area housing the former Ockendon Kennels.

The site contains a number of existing kennels and ancillary buildings and benefits from direct vehicular access from Ockendon Road. The western end comprises a redundant greyhound practice dog track.

The site is of regular shape and measures approximately 4.80 hectares (11.869 acres).

Further information is available upon request from the selling agents Glenny LLP via the property's dedicated data room.
( Agency Pilot Software Ref: 38589 )
Land At, Ockendon Road, Upminster, RM14 3PT
Type: Land, Farm, Land, Commercial Land
Location: Land At, Ockendon Road, North Ockendon, Upminster, RM14 3PT
Size: 11.86 Acres
Images: 4
Brochures: 1
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For Sale£375,000.00

The property is a broadly rectangular and level parcel of land which is generally surfaced with a combination of tarmac and concrete hard surfacing. It is enclosed to three sides by a combination of timber lap fencing and masonry walls. For many years, the property has been used for commercial vehicle rental purposes which is believed to have included the occasional sale of surplus vehicles.

The property is considered suitable for its continued use, for other commercial purposes or redevelopment including for residential purposes, there being recently built 3-storey block of apartments immediately to the North known as Archibald Close.
SITE

Measured from plan, the site has an approximate area of 0.15 acres (0.061 hectares)

FEATURES:

• Unique roadside opportunity
• Surfaced and mainly enclosed yard
• Suitable for a variety of uses (stpp)

EPC:

Not required
The property is to be sold freehold with vacant possession, save any chattels that remain on-site at the time of sale.

GUIDE PRICE:

£375,000

METHOD OF SALE:

Our clients shall be inviting offers on an informal tender basis. If you wish to receive details of the informal tender process, please forward your contact details to Mandy Street (ms@dww.co.uk). Offers will be invited on either a conditional or unconditional basis.

VAT:

No VAT shall be charged on the sale.

RATES:

Details on request.

LEGAL COSTS:

Each party to bear their own legal costs incurred in the transaction

733 Hertford Road, Hertford Road, Enfield, EN3 6SD
Type: Other commercial, Residential, Land, Residential Land, General Industrial, Commercial Land, Industrial
Location: 733 Hertford Road, EN3 6SD
Images: 2
Brochures: 1
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For Sale£6,000,000.00
Must See
A fantastic opportunity to acquire a cleared site with planning consent to deliver 32 Serviced Apartments above three floors of B1 Office Space.

• Located on Chamber Street, a short walk from the Tower of London, Fenchurch Street and the City of London.

• Planning Permission granted for a seven storey building providing 379 sqm of office space and 32 serviced apartments (C1 use class).

• Benefits from significant local development projects such as the relocation of the Chinese Embassy.

• The Royal Mint Gardens development, located opposite the site, is currently under construction and will modernise the street scape on Chamber Street while providing an active frontage.

Southern Grove are seeking unconditional offers for the freehold land in excess of £6,000,000, subject to contract.
Mixed-Use Serviced Apartment & Office Development Opportunity
Type: Land, Hotel, Office, Commercial Land, Offices
Location: 71-73 Chamber Street, London, E1 8BL
Images: 2
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For Sale£950,000.00
• Located in an affluent London borough

• Prominent position on the High Street

• Development opportunity with low site cover of approx. 40%

• Freehold

• Offers in the region of £950,000, subject to contract



Location

Chislehurst is an affluent suburb in South East London, within the London Borough of Bromley. It is situated approximately 22 km (14 miles) north of Central London, 5 km (3 miles) east of Bromley and 2.4 km (1.5 miles) south-west of Sidcup.

Chislehurst benefits from good road communications being located 1.6 km (1 mile) west of the A20 which provides a direct link to the M25/M20 Intersection approximately 9.6 km (6 miles) to the south-east. Chislehurst can also be accessed via the A208 from Mottingham, B263 from New Eltham and A222 from Bromley.

In addition, there are frequent rail services to London Charing Cross and London Cannon Street with a fastest journey time of approximately 30 minutes. London City Airport is located approximately 13 km (8 miles) to the north and Gatwick Airport some 43 km (27 miles) to the south-west.


Situation

The subject property is situated in the heart of Chislehurst occupying a prominent position on the High Street, close to its junction with Park Road. Chislehurst Railway Station is approximately 1.6 km (1 mile) to the south. Surrounding occupiers include Costa, Kinleigh Folkard & Hayward, Santander, Sainsbury’s, Lloyds Pharmacy, Café Nero and Cote Brasserie.


Description

The property comprises a 2-storey mid-terraced mixed-use building currently arranged over and first floor levels.

The ground floor comprises a double-fronted retail unit.

The first floor comprises two self-contained residential flats which are currently vacant. The flats are accessed from the rear of the property, via Queens Road.

The property benefits from a substantial garden and parking to the rear.


Development Potential

As shown from the aerial photographs, the property benefits from a substantial rear area. With the current site cover of approximately 40%, we suggest that the property offers potential for extension and development on the rear site, subject to appropriate consents. It should be noted that a modern residential scheme runs parallel to the rear undeveloped section of the property, indicating the potential. This is clearly visible from the aerial photographs.


Accommodation

The property has been measured by BKR Floor Plans and provides the following floor areas:

Ground Floor

Gross Frontage 7.32m 24’0”
Net Frontage 6.45m 21’2”

Zone A 41.81sq m 450 sq ft
Zone B 43.01 sq m 463 sq ft
Zone C 9.57 sq m 103 sq ft
ITZA 707
Ground Floor Total (NIA) 94.39 sq m 1,016 sq ft
Gross Internal Area (GIA) 99.59 sq m 1,072 sq ft

First Floor

Flat 22A 40.78 sq m 439 sq ft
Flat 24A 40.32 sq m 434 sq ft
First Floor Total (GIA) 81.10 sq m 873 sq ft

Plot Size 307.88 sq m 3,134 sq ft

The measured survey report is available to download and will be assigned to a purchaser at a cost of £435 + VAT.


Tenure

Freehold


Tenancy

The ground floor shop is let to Dianne Yarlett, trading as Fortvny (ladies wear) on an effective full repairing and insuring lease for a term of 5 years from 11th January 2019, expiring on 10th January 2024. The current passing rent is £38,000 per annum. The tenant has the right to use two car parking spaces within the rear car parking area.

The residential accommodation is vacant.


Market Commentary

We suggest that the existing residential accommodation has the potential to generate an income of £1,000 per month per flat. In addition, we suggest that the existing one-bedroom flats have the potential for capital values in the region of £250,000 in a refurbished condition.


VAT

The property has been elected for VAT.


Proposal

We are instructed to seek offers in the region of £950,000 (Nine Hundred and Fifty Thousand Pounds), subject to contract, for the freehold interest.

The asking price represents £488 per sq ft on the existing gross internal area.

Allocating an investment yield of 6% to the retail accommodation equates to a value of only £350,000 in relation to the upper parts. This equates to £400 per sq ft in respect of the existing residential accommodation compared to sale values suggested in the region of £575 per sq ft / £500,000. These figures exclude allocating value for the rear land of approximately 1,880 sq ft / 184 sq metres.

Assuming rental values of £1,000 per month for each flat, when refurbished, the property within the existing structure has the potential to produce a gross income £62,000 per annum. Based upon the asking price, this represents a gross yield of 6.5%.


Please note that a purchaser will be re-charged the costs of searches and surveys which are provided in the data room.

Please note a purchaser will be charged a transaction fee of £3,750 + VAT.


Investment Considerations

1. An opportunity to acquire a freehold retail and residential investment offering development opportunity;

2. The property is located within an affluent London borough in a prominent position on Chislehurst High Street;

3. The property has a low site cover;

4. The asking price reflects an attractive capital value and potential income return;

5. An attractive lot size to an investor;
London Retail / Residential Investment with Development Potential
Type: Residential, Land, Retail, Mixed use, Commercial Land, Other Property Types & Opportunities
Location: 22-24 High Street, BR7 5AN
Size: 99.59 Sq M
Images: 17
Brochures: 1
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For SalePOA
OR
For RentROA
The subject site lies at the north east of the Stratford campus site and comprises three temporary buildings and three individual surface car parks for staff parking and visitor pay and display. The R Building is a three storey temporary building and lies at the north of the site adjacent to Cedars Road. Lecture theatre 2 is single storey and sits adjacent to the Arthur Edwards building, whilst lecture theatre 3 is also a single storey building and lies adjacent to the southern boundary of the site. All of these temporary buildings are mainly used for teaching facilities and UEL has a commitment to remove these by any sale completion. It should be noted that the High Speed 1 rail link passes under the site from the western to the eastern boundary and further information can be accessed within the data room. We understand that all mains services are available to the site.

- Excellently located in close proximity to central Stratford
- Development opportunity with potential for alternative uses such as residential, student housing and commercial, subject to gaining the necessary consents
- Site area approximately 0.81 hectares (2 acres)
- Long leasehold for sale via informal tender
- Offers invited
Development Opportunity
Type: Residential, Land, Commercial Land
Location: Cedars Road, Stratford, E15 4LZ
Size: 2 Acres
Images: 6
Brochures: 1
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For SalePOA
Offering these two delightful brand new two bedroom semi-detached homes conveniently located on this popular residential road.

These ground floors of these homes comprise of superb reception / dining rooms, separate kitchens and a handy downstairs cloakroom. On the top floor there are two double bedrooms and a sleek bathroom. The properties benefit from private garden space, off street parking and would make an ideal first time purchase.

Bexleyheath is home to the borough’s largest shopping facility, providing high-street names, and convenient supermarkets. In the town centre there is a range of delightful restaurants and pubs and amenities such as a bowling alley and a cinema to enjoy. The popular Barnehurst Golf Club is also within easy reach. Barnehurst Station is just a short walk away, providing excellent transport links into London stations such as Charing Cross, Cannon Street and Victoria.

Contact Kallars on 020 3848 1399 or email landandnewhomes@kallars.com for more information.
Plots For Sale - Bexleyheath, DA7
Type: Residential, Land, Commercial Land
Location: 72a Eversley Avenue, DA7 6RF
Images: 1
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For SalePOA
Offering this well located plot of land in Bromley, BR1.

This plot of freehold land of 324 sqft (approx.) is situated on the west side of Madeira Avenue would be a perfect opportunity for a local investor to develop on subject to planning permission.

Situated within a sought after and quiet residential road, transport links are close by. Shortlands, Ravensbourne and Bromley North Station are within walking distance and offer links to stations in the City such as Victoria, Blackfriars and London Bridge. Bromley town centre with its vast array of shopping facilities plus restaurants is within reach on foot.

Contact Kallars on 020 3848 1399 or email landandnewhomes@kallars.com for more information.
Plot Of Land For Sale, Bromely, BR1
Type: Land, Commercial Land
Location: Madeira Avenue, Bromley, BR1 4AY
Images: 1
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For SalePOA
0.86 acre site.The existing building on site comprises a 15-bedroom detached house, equating to c.6,000 sq ft, with a large rear garden.Outline planning permission has been granted for the construction of two detached houses totalling 8,000 sq ft.Guide price on application.
The site is approximately 0.86 acres. Historically the site has always been used for residential purposes and is positioned in an affluent residential area of Kingston.
Park Lodge, Warren Park, Kingston upon Thames, KT2 7HX
Type: Land, Residential, Commercial Land
Location: Park Lodge, Warren Park, Kingston upon Thames, KT2 7HX
Images: 1
Brochures: 1
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For SalePOA
London roadside investment

Highly prominent location on the North Circular Road

Secure income – let to Kwik Fit

Pre-Tax Profits £54m, Shareholders’ Funds £126m

Approximately 12.75 years unexpired lease term

Residential element let for a further 85 years at ground rents

Large site offering potential future redevelopment opportunity, subject to planning

£1,395,000, subject to contract, for the SPV (Company)

5.0% net initial yield

Income set to increase following letting of advertising hoarding

Location
Walthamstow is situated within the London Borough of Waltham Forest in east London. It is an area which is currently undergoing significant regeneration and improvement.

Walthamstow is located approximately 11 km (7 miles) north-east of the City of London, 15 km (9 miles) north-east of the West End, 4.8 km (3 miles) north of Stratford and 6.4 km (4 miles) north-east of Stoke Newington.

Walthamstow benefits from good road communications, being adjacent to the North Circular Road (A406). The M11 Motorway is 4 km (2.5 miles) to the east and the M25 Motorway is approximately 11 km (7 miles) to the north. The A12 is approximately 3.2 km (2 miles) to the south.

The area is well served by public transport. Walthamstow Central station provides both Underground (Victoria Line) and Overground services with an approximate journey time to London Kings Cross of 15 minutes and London Liverpool Street of 20 minutes. Other railway stations include Queens Road (London Overground), Blackhorse Road (Victoria Line, London Overground) and St James Street (London Overground) Numerous bus routes provide access to London and for air travel, London City Airport is situated approximately 16 km (10 miles) to the south-east.

Waltham Forest has been awarded the London Borough of Culture 2019 by the Mayor of London. It is growing faster than any other borough in London. This is partly due to the significant effect of investment in Olympic legacy projects and to overall move eastwards of London’s economy.

Plans to redevelop the Mall shopping centre were approved in December. The new scheme will bring £200 million of investment, provide 8,000 square metres of new retail space. 350 new permanent retail jobs, 500 new homes, a new children’s play area and re-landscaped town square. As part of the agreement to redevelop the Mall, Transport for London has also agreed to spend £15 million to improve Walthamstow Central Station (Source: London Borough of Waltham Forest).

Walthamstow Wetlands is a publicly funded regeneration project just west of the centre of Walthamstow. The scheme reinvented a string of Victorian reservoirs into Europe’s largest urban wetland nature reserve with 13 miles of footpaths and cycle tracks. Costing £10.6 million, the 500-acre site opened in October 2017.

Situation
The subject property occupies an extremely prominent position fronting the busy B179 (Billet Road), abutting the Crooked Billet Roundabout Interchange with the North Circular Road (A406). The site is highly visible from, and has direct access to the North Circular Road. Therefore, the property benefits from a high volume of traffic.

Walthamstow Central station is approximately 2.4 km (1.5 miles) to the south. The surrounding area benefits from a wide variety of uses including residential and commercial. Nearby occupiers include Ford (adjacent) and Virgin Media.

There are several new residential developments in close proximity to the subject property. These include Banbury Park, a new development on Billet Road by Latimer comprising a selection of 1,2,3 & 4 bedroom houses and apartments. See www.banburypark.co.uk.

Description
The property comprises a former retail parade with residential upper parts. The retail units have been converted to provide storage and ancillary accommodation for the main business carried out by the tenant which includes an MOT, tyre, exhaust and servicing centre.

A yard to the rear of the site provides access to the main workshop accommodation which is contained within a ground floor extension behind the original shops.

There is a large advertising hoarding on the eastern elevation which is highly visible from the North Circular Road ((A406).

In addition to access via Billet Road, the property benefits from direct access via the North Circular Road.

There are five large maisonettes at first and second floor level which have been let on long leases.

In accordance with the tenant’s lease terms, a significant schedule of dilapidations has been agreed and the property is currently undergoing a substantial refurbishment programme of works.

Accommodation
The ground floor has a total Gross Internal Area of 475.48 sq m (5,118 sq ft) which was agreed between the Landlord and Tenant at the 29th September 2016 rent review.

The car park / yard area totals approximately 464.51 sq m (5,000 sq ft).

Site
We estimate the site area to be approximately 0.10 hectares (0.25 acres).

Tenure
Freehold.

Tenancy
The ground floor is let to Kwik Fit (GB) Limited on an effectively full repairing and insuring lease for a term of 25 years from 29th September 2006, expiring on 28th September 2031 (approximately 12.75 years unexpired lease term).

The current passing rent is £71,000 per annum. The lease benefits from 5 yearly upwards only rent reviews, the next being on 29th September 2021.

The permitted use under the terms of the lease is as retail sales, supply, storage and fitting of tyres shock absorbers, brakes, clutches, radiators oil and air filters, steering parts, exhaust batteries and tyre centre together with any other motorist components parts and accessories and/or MOT testing and/or the maintenance, servicing and repair of motor vehicles and as to the upper floors for private residential purposes, provided the ground floor of the Property may with the previous written consent of the Landlord be used for any use within the Use Class A1 or B1(c) B8 of the Town and Country Planning (Use Classes) Order 1987.

The 5 upper floor maisonettes have each been let for a term of 125 years from 10th October 1978 (84.75 years unexpired) at a rent of £50.00 per annum, hence a total ground rent of £250.00 per annum.

Hence, the total income to an investor is £71,250 per annum.

Advertising Hoarding

The freeholder is in negotiations with Kwik Fit (GB) Limited regarding their current usage of the prominent side wall facing The Billet Roundabout where Kwik Fit have erected signs which occupy space outside of that which constitutes their demise. Kwik Fit have been presented with an option to either vacate and hand back the offending positions, hence removing their hoardings, or pay a commercial rent commensurate with market value. The freeholder has a firm offer from a substantial outdoor advertising company to let the space and erect a digital sign on a long term lease for approximately £10,000 per annum. That company will take full responsibility for all relevant planning issues together with any associated costs. Under the expressed terms of Kwik Fit’s lease they are required to pay to the freeholder 40% of any income which derives from their letting of specific signage clearly detailed within the lease.

Asset Management Opportunities
It is suggested that the site, which measures approximately 0.25 acres (10,000 sq ft) and comprises an unbroken block along with car park/yard, has long term development potential, subject to planning.

The site presents a significant residential development opportunity possibly with a commercial element facing the main road at ground floor level. There are also various opportunities to increase the income in the short term. The freeholder has explored and been in negotiations to purchase the large maisonettes at first and second floor level which are let on long leases with approximately 85 years remaining. This will allow the freeholder, subject to planning, to replan/remodel and increase the existing space whereby potentially creating a larger number of smaller units and also look at building over the roof above the rear of the Kwik Fit workshop. In addition there is some redundant land adjacent to the site which could possibly be purchased and potentially produce some marriage value.

Covenant
Kwik-Fit (GB) Limited (Co. No. 01009184) has reported the following figures:

31st March 2018 31st March 2017
Turnover £481,661,000 £454,846,000
Pre-Tax Profits £54,371,000 £18,605,000
Shareholders’ Funds £125,875,000 £77,769,000

Established in 1971, the company’s principal activities are the operation of automotive repair centres for tyres, exhausts, brakes, suspension, MOT, servicing and a fleet of mobile tyre fitting vehicles. The company operates from over 600 specialist fitting centres and 150 mobile fitting vehicles in the UK. For more information visit: www.kwik-fit.com.

Proposal
We are instructed to seek offers in the region of £1,395,000 (One Million, Three Hundred and Ninety-Five Thousand Pounds), subject to contract, for the SPV (Company) reflecting a net initial yield of 5.0% and based upon purchase costs of 2.30%. The prospect exists to increase the yield in the short term once the income has been finalised in respect of the advertising hoarding.

Please note a purchaser will be charged a transaction fee of £5,000 + VAT.


Investment Considerations
An opportunity to acquire a freehold London investment;

The property occupies an extremely prominent roadside location adjacent to the North Circular Road (A406) and Crooked Billet roundabout;

Highly secure income – let to Kwik Fit (GB) Ltd (Shareholders’ Funds £126 million);

Attractive unexpired lease term of approximately 12.75 years;

Residential element let for a further 85 years at ground rents;

The income is expected to increase following the letting of the advertising hoarding;

Large site with future redevelopment potential, subject to obtaining the necessary planning consents;

A purchase at the asking price reflects an attractive net initial yield;
London Roadside Investment Let to Kwik Fit
Type: Residential, Retail, Land, Commercial Land
Location: 2-10 Billet Road, E17 5DN
Size: 475.48 Sq M
Images: 28
Brochures: 1
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For SalePOA
The Property comprises a vacant 4 storey office building in B1a use. The Property sits within a broadly rectangular site extending to approximately 0.1 acres (0.04 hectares) and is located on the northern side of Chatfield Road, at the interchange with Mendip Road within the London Borough of Wandsworth.
56 Chatfield Road
Type: Residential, Land, Commercial Land
Location: 56 Chatfield Road, London, SW11 3UL
Images: 1
Brochures: 1
View Property
For Sale£500,000.00
This single storey building is currently operating as D1 nursery school.


The property is configured to provide: two main rooms, an administrative office, staff breakout room, kitchenette and WC facilities. Externally, the property benefits from a playground and parking for circa six vehicles.

Apart from the development potential that could be realised by exploring possible reconfiguration of the existing space and alternative uses, there may be potential for complete redevelopment of the site, subject to the necessary planning consents.

N.B. We are also marketing the Christian Science Society Church Buildings, which are situated 30 metres from the subject property. The two properties currently operate together as a single D1 nursery school, with each property serving a different age group. Our client will consider proposals for each property in isolation, with vacant possession and offers for the properties with the benefit of the on-going business. Staff are currently unaware so viewings are strictly by appointment

The subject property is located on the east side of Cross Road just south of the junction with Cross Road, circa 200 metres west of Uxbridge town centre.


Uxbridge is a bustling commuter town benefitting from The Pavillions Shopping Centre, which is home to an array of multi-national retailers, a cinema, an assortment of restaurants and a 497 space car park, which can be conveniently accessed via a pedestrian bridge over Oxford Road, from the property.

The area is well served for transport communications with Uxbridge London Underground Station (Metropolitan Line), approximately 0.37 kilometres (0.23 miles) to the east of the property; providing frequent services to London Kings Cross and St. Pancras International Station (journey time 46 minutes). There is also easy access to main road communications including Junction 16 of the M25 Motorway only 3.54 km (2.22 miles) and Junction 1 of the M40 only 1.66 km (1.0 miles) distant. There are numerous bus services which run close to the property.
Freehold D1 Nursery For Sale - Uxbridge UB8 2UQ
Type: Leisure Property, Land, Healthcare, Mixed Use, Licensed & Leisure, Commercial Land, Other Property Types & Opportunities
Location: Tara Kindergarten Cross Road, Uxbridge, UB8 2UQ
Size: 1227 Sq Ft
Images: 7
Brochures: 1
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For Sale£650,000.00
This single storey former Church building is currently operating as D1 nursery school.


The property is configured to provide: three main rooms, an administrative office, staff breakout room, kitchen, WC facilities. Externally, the property benefits from a playground area and parking for three vehicles.

Apart from the development potential that could be realised by exploring possible reconfiguration of the existing space and alternative uses, there may be potential for complete redevelopment of the site, subject to the necessary planning consents.

N.B. We are also marketing the Land and Buildings on the East side of Cross Road, which is situated 30 metres from the subject property. The two properties currently operate together as a single D1 nursery school, with each property serving a different age group. Our client will consider proposals for each property in isolation, with vacant possession and offers for the properties with the benefit of the on-going business. Staff are currently unaware so viewings are strictly by appointment only.

The subject property is located on the east side of Lawn Road at the junction with Cross Road, circa 200 metres west of Uxbridge town centre.


Uxbridge is a bustling commuter town benefitting from The Pavillions Shopping Centre, which is home to an array of multi-national retailers, a cinema, an assortment of restaurants and a 497 space car park, which can be conveniently accessed via a pedestrian bridge over Oxford Road, from the property.

The area is well served for transport communications with Uxbridge London Underground Station (Metropolitan Line), approximately 0.37 kilometres (0.23 miles) to the east of the property; providing frequent services to London Kings Cross and St. Pancras International Station (journey time 46 minutes). There is also easy access to main road communications including Junction 16 of the M25 Motorway only 3.54 km (2.22 miles) and Junction 1 of the M40 only 1.66 km (1.0 miles) distant. There are numerous bus services which run close to the property.
Freehold D1 Nursery For Sale - Uxbridge UB8 2TJ
Type: Leisure Property, Land, Healthcare, Mixed Use, Licensed & Leisure, Commercial Land, Other Property Types & Opportunities
Location: Tara Kindergarten Lawn Road, Uxbridge, UB8 2TJ
Size: 1598 Sq Ft
Images: 9
Brochures: 1
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For SalePOA
A mixed use development opportunity for the partial demolition of 11-13 Thames Street and construction of a 5 storey attached building to provide retail (A1) at ground floor level and 26 flats on upper levels.

The property is located in Kingston and is approximately a 7 minute walk to Kingston Overground station and a 9 minute walk to Hampton Wick Overground station.

The existing property comprises a 3 storey building located on Thames Street in Kingston town centre

The site is available freehold.

DEVELOPMENT OPPORTUNITY WITH CONSENT FOR 26 FLATS AND 1 COMMERCIAL UNIT
Type: Retail, Mixed use, Flat, Residential Land, Land, Design & Build, Other, Other Property Types & Opportunities, Residential, Commercial Land
Location: 11-13 Thames Street, KT1 1PH
Images: 4
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For SalePOA
New
A securely gated and fenced, self-contained, hardstanding commercial yard/site of circa 21,052 sq ft (0.48 acres) with the benefit of services. There are currently a number of light industrial units and shipping containers on the land which are occupied by four tenants on an informal basis*. The site is located to the rear of Long Drive which is situated off the junction of Victoria Road, the main thoroughfare through the South Ruislip Commercial District. South Ruislip is served by London Underground (Piccadilly & Metropolitan Lines) and Chiltern Railways. The A40 Western Avenue is easily accessible at the Polish War Memorial junction providing access to central London, M40, M25 and the wider motorway network.
Storage/Development Land with Light Industrial Units - For Sale
Type: Distribution Warehouse, Industrial Park, Retail Park, Light Industrial, General Industrial, Land, Farm, Industrial, Retail, Commercial Land
Location: Cliffords Yard, 1 Long Drive, South Ruislip, HA4 0FF
Size: 21052 Sq Ft
Images: 11
Brochures: 1
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