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For SalePOA
OR
For RentROA
FOR SALE / TO LET

Contemporary Office Building
51,355 sq ft (4,771 sq m)
with over 500 parking spaces.
Close to J6 M53

Potential uses:
- Hotel Complex
- Educational Facility
- Health / Fitness Centre
- Call Centre / Outsourcing Location
- Serviced / Co Working Offices
- Medical / Hospital Facility
For SalePOA
Total GIA 121.33 sq m (1,305 sq ft)

- Offers invited for the freehold interest, subject to contract
- EPC Rating Band D (80)
- Currently has D1 (non residential institutions) planning consent with potential for change use of Use Class C3, subject to planning
For SalePOA
 Former care home with excellent re-development potential to residential or alternative use subject to planning.
 Good size car park.
 Located close to Nottingham Hospital.
 Available with Vacant Possession
For Sale£15,300,000.00
• Affluent north west town with over 570,000 people living within 30 minutes of its centre
• Prominent & easily accessible location adjacent to the A59 Liverpool Road
• Let to national retailers including Aldi, B & M, Pets At Home, Peacocks, Sue Ryder and Subway with a highly attractive WAULT of over 14 years
• Approximately 41% of the income subject to either RPI or fixed increases
• Offers are sought in excess of £15,300,000 (Fifteen Million Three Hundred Thousand Pounds) reflecting an attractive Net Initial Yield of 6.00% assuming purchaser costs of 6.73%.
• Based on the fixed/RPI increases, the running yield would rise
to 6.33% in 05/2022, 6.70% in 05/2027 and 7.11% in 05/2032
For SalePOA
The property comprises a 6 studio HMO (unlicensed) extending to 1,152 sqft GIA.

The property is located on Review Road in Dollis Hill a short walk from Neasden and Dollis Hill London Underground station which provides services into Central London within 10 minutes.

The property is a registered HMO, however, it will be the purchaser’s responsibility to obtain an operating license subject to the relevant consent.

The property has recently been refurbished throughout and presented to a good standard. The 6 studio rooms all benefit from en suites and tea making facilities.

Based on the housing demand from the local authority and need for accommodation, we are aware that the ERV for the property would be approximately £83,759.52 per annum. This is based on LHA rates, which reflects a gross initial yield of 9.6%. We advise the potential purchaser to undertake their own due-diligence regarding this matter.

The freehold interest is available with vacant possession.
For SalePOA
OR
For Rent£16,250.00 Per Annum
The property includes a large yard area which is shared in part with the adjacent occupier. Approximately 2,264.49 sq. m. (0.559 acres) of yard is available excluding parking.

In the main the property comprises brick built offices with flat roof with the addition of a steel frame workshop with profile clad elevations and roof.

The offices generally include carpet to the floors, air cooling, data points, windows, radiators supplied by gas fired boiler and good natural light. The offices are served by ladies and gents WC facilities, the ladies doubling up as a disabled facility. The space also comprises a kitchen which includes base and wall units and stainless steel sink and drainer.

The workshop includes concrete floor, three phase power, three electric loading doors, fluorescent lighting, two gas blower heaters and an eaves height of 5.37 metres rising clear.

The property generally includes burglar alarm, fire alarm, solar panels, gas fired heating, air cooling to the offices, 26 normal parking spaces, one disabled space, all contained within a secure fenced and gated yard.

( Agency Pilot Software Ref: 2754 )
For SalePOA
The existing property is a 3 storey building comprising a pub across basement and ground floor level and a 23 room Hotel across first and second floor extending to 10,200 sqft GIA.

The property is located on Woolwich Road and is approximately a 2 minute walk from Charlton Overground Railway Station which provides services into London Bridge in 22 minutes.

The building is situated on a landmark corner plot and is a 2 minute walk from Charlton Athletic Football Club (The Valley) with seating capacity for 27,111 and hosting regular matches.

Planning permission was granted in August 2017 for 8 x flats and 2 x commercial units. Planning reference: 15/2272/FUL.

Planning permission has been submitted utilising the same massing as the approved residential scheme for the conversion of the existing hotel and construction of a third floor to create a 60 room hotel and retention of the original pub at ground floor level. Planning reference: 18/2673/F.

The proposal involves conversion of existing hotel with side extension and erection of an additional floor to accommodate 60 hotel rooms. At ground floor level the public house will be refurbished, with the smaller function room being converted into additional hotel rooms. The remaining ground floor will comprise 12 x rooms . There will be 17 x rooms at both first and second floor and 14 x rooms at roof level.

The proposal will extend to 17,771 sqft GIA.

We are aware that the existing hotel charges a blended rate of £60 per night giving the hotel an ERV of c. £503,000 pa. Based on Comparable evidence we are of the opinion that the 60 unit scheme finished to a good specification would be able to achieve a blended rate per night of £120 giving it an ERV of £2,628,000. (this is based on 100% occupancy).

The property is available freehold with vacant possession.

We are aware that the property is not elected for VAT.


For SalePOA
OR
For RentROA
TO LET/MAY SELL FULLY REFURBISHED WAREHOUSE WITH OFFICE AND LARGE YARD. Rare freehold opportunity, The property is located on Penrose Place off Pimbo Road on the West Pimbo Industrial Estate, Skelmersdale. The area is synonymous with large scale warehousing manufacturing and boasts a variety of large well known occupiers and household names.

The premises is well located for motorway access being close to Junction 5 of the M58 which connects directly on to the M6 at Junction 26.

Key Benefits:

* 2000KVA electricity capacity
* 115 car parking spaces
* Heating and lighting throughout
* Fully sprinklered
* Fully secure site with electric fence & automatic gates

Contact: Joseph Wilshaw

( Agency Pilot Software Ref: 493 )
For Sale£30,000.00
OR
For Rent£23.20 Sq Ft

Recently upgraded and fully equipped sandwich shop business located Close to Dundee University in the Cultural Quarter of Dundee.



Location

The subjects are located on the south side of West Port, close to its junction with Park Place, within a busy and popular parade of similar sized retail premises, in close proximity to Dundee University. The surrounding area is densely populated with a mixed residential/commercial location and accordingly the premises benefit from high footfall of pedestrians. The subjects comprise an attractive retail premises, which has been upgraded recently.



Additional Details

Accommodation and Area

The internal accommodation comprises a spacious and bright ground floor retail front shop accessed directly from West Port. The ground floor comprises a shop area with kitchenette and WC located at the rear. A stair case at the rear of the premises leads to a mezzanine floor used for preparation and storage. 

The layout of the shop lends itself to various retail uses. We have measured the internal accommodation in accordance with the RICS code of measuring practice sixth edition and find the gross internal

|  Floor  |  Size (sq ft) |
|  Ground  |  295.91 |
|  Mezzanine  |  135.95 |

The premises benefits from the following amenities:

Busy Central Location Modern Frontage Flexible internal layout Terms

The subjects are available To Let at the initial rent of £10,000 per annum.

A premium in excess of £30,000 is sought in respect of the business, fixtures, fittings and stock.

Viewing Arrangements

Please contact the sole selling agent, Westport Property Ltd.

40 West Port, Dundee, DD1 5ER
Type: General Retail, Retail - High Street, Retail - Out of Town, Retail
Location: 40 West Port, 40 West Port, Dundee, DD1 5ER
Size: 431 Sq Ft
Images: 6
Brochures: 1
View Property
For SalePOA
New

Well Let Industrial Investment Opportunity



Location

Stoke-on-Trent is strategically located in the heart of the UK, 44 miles south of Manchester, 45 miles north of Birmingham and 35 miles west of Derby. With a population in excess of 250,000 Stoke is both a regional hub and the principal city within the North Midlands. The region is home to a number of multinational companies including JCB, Bet 365, Amazon, Jaguar Land Rover, Michelin and Alstom Grid. The strength of the region’s industrial sector is exemplified by JCB’s decision to create a further 2,500 jobs in Staffordshire, whilst Jaguar Land Rover have recently gained planning consent for a new £40m car storage depot. Stoke-on-Trent’s long history of industrial manufacturing continues to the present day, with 27% of the workforce employed in manufacturing and elementary occupations. This is considerably higher than the UK average of 17%. Businesses looking to relocate to the region are also attracted by the competitive wage costs which are 14% lower than the UK average.



The surrounding area comprises a mix of industrial and trade counter accommodation, where surrounding occupiers include: B&Q, Jewson and CAEM UK. The area is complimented by a strong retail offering via the adjacent Freeport Talke Retail Park where tenants include GAP, Nike, Holland & Barrett, Costa Coffee and Marks & Spencer.

• Unit 4 - Comprises a detached 2-bay industrial warehouse unit of steel portal frame construction, extending to 5,064 sq m (54,506 sq ft), with secure yard areas off the north and south elevations. The property benefits from 6.7m eaves, 5 dock loading doors, 3 roller-shutter access doors, a large loading canopy, tenant installed mezzanine, gas blower heating and strip lighting. The property benefits from two-storey office accommodation and male and female WC’s, The tenant, National Veterinary Services Limited, is also in occupation of Unit 3 (which lies adjacent to Unit 4 but does not form part of this sale). NVSL operate a shared yard and security cabin on the northern yard, between their two units.

• The properties benefit from excellent road communications having close proximity to the A34, A500 and M6 Motorway 

• Jamage Industrial Estate is situated within a well established industrial area 

• The investment comprises 2 industrial units extending to 109,320 sq ft overall

• Unit 2 extends to 54,814 sq ft on a site of 2.90 acres 

• Unit 4 extends to 54,506 sq ft on a site of 2.86 acres 

• Unit 2 is occupied by Service Metals (Midlands) Ltd, at a rent of £177,079 per annum (£3.23 per sq ft) 

• Unit 4 is occupied by National Veterinary Services Ltd, at a rent of £226,446 per annum (£4.15 per sq ft) 

• Extremely favourable Average Weighted Unexpired Lease Term of 9.00 years to expiry and break

• Both tenants provide excellent covenant strength – reflecting minimum risk of business failure 

• Freehold / Virtual Freehold

Units 2 & 4 Jamage Industrial Estate, Stoke-on-Trent, ST7 1XP
Type: General Industrial, Industrial
Location: Units 2 & 4 Jamage Industrial Estate, Units 2 & 4 Jamage Industrial Estate, Pit Lane, Stoke-on-Trent, ST7 1XP
Size: 109320 Sq Ft
Images: 7
View Property
For SalePOA
OR
For RentROA
Development Land 2.73 acres (1,105 ha) net approx. The land can be split into two separate plots C1 - 1.10 acres and C2 - 1.63 acres. The sites are available on a long leasehold basis (CYM433008 and CYM433010 expiring in 2133, with a fixed ground rent of GBP 250 per annum. Guide price GBP 100,000 per acre. Close to Junctions 44 and 45 of the M4 Motorway. Land situated within established business park.



(From Caldes Software. Property Ref: N89438. Sep 20 2018 9:25PM)
C1 & C2 Land at Olympus Court, Millstream Way, SWANSEA, SA7 0AQ
Type: General Industrial, Land, Storage, Industrial, Commercial Land
Location: C1 & C2 Land at Olympus Court, Millstream Way, Swansea Vale, SWANSEA, SA7 0AQ
Size: 0.44 - 1.1 Hectares
Images: 2
Brochures: 1
View Property
For SalePOA
Out of town development land. 1.76 acres (0.71 hectares) - 3.35 acres (1.36 hectares) We are quoting the following per plot: Plot C1 GBP 250,000 exclusive Plot C2 GBP 300,000 exclusive Plot C3 GBP 200,000 exclusive Three parcels of land fronting Llantarnam Park Way and Lakeside on the established Llantarnam Business Park.



(From Caldes Software. Property Ref: N81749. Sep 20 2018 9:10PM)
Development Land in Cwmbran, Plots C1, C2 & C3, CWMBRAN, NP44 3DE
Type: General Industrial, General Retail, Hotels, Land, Office, Industrial, Retail, Licensed & Leisure, Commercial Land, Offices
Location: Development Land in Cwmbran, Plots C1, C2 & C3, Llantarnam Business Park, CWMBRAN, NP44 3DE
Size: 0.71 - 1.36 Hectares
Images: 2
Brochures: 1
View Property
For SalePOA
Residential Development Site - Offers Invited. Approximately 8 acres (3.24 hectares) The site has the benefit of an outline planning permission for development of 77 dwellings and a technical pack is available upon request. CIL (Community Infrastructure Levy) does not apply to this site. Offers Invited.



(From Caldes Software. Property Ref: N78605. Sep 20 2018 8:55PM)
Ynyscynon Park, Cwmbach, ABERDARE, CF44 0JL
Type: Land, Residential, Commercial Land
Location: Ynyscynon Park, Cwmbach, ABERDARE, CF44 0JL
Size: 3.24 Hectares
Images: 2
Brochures: 1
View Property
For SalePOA
OR
For Rent£15.50 Per Sq Ft
Grade A offices strategically and prominently located at the gateway to South Wales at Junction 23A of the M4 Motorway. From 1,690 sq ft (157.0 sq m) to 3,520 sq ft (327.0 sq m) We are quoting rents from GBP 15.50 psf per annum for a standard fully repairing lease. Freehold price is based on GBP 150 psf. A service charge will be levied to cater for the maintenance and repair of common parts and will be GBP 1.50 per sq ft per annum excluding utilities.



(From Caldes Software. Property Ref: N78856. Sep 20 2018 7:39PM)
Building 103A, Wales 1 Business Park, NEWPORT, NP26 3DG
Type: Office, Offices
Location: Building 103A, Wales 1 Business Park, Junction 23A Of The M4 Motorway, NEWPORT, NP26 3DG
Size: 3520 Sq Ft
Images: 2
Brochures: 1
View Property
For Sale£15,300,000.00
Must See
• Affluent north west town with over 570,000 people living within 30 minutes of its centre
• Prominent & easily accessible location adjacent to the A59 Liverpool Road
• Let to national retailers including Aldi, B & M, Pets At Home, Peacocks, Sue Ryder and Subway with a highly attractive WAULT of over 14 years
• Approximately 41% of the income subject to either RPI or fixed increases
• Offers are sought in excess of £15,300,000 (Fifteen Million Three Hundred Thousand Pounds) reflecting an attractive Net Initial Yield of 6.00% assuming purchaser costs of 6.73%.
• Based on the fixed/RPI increases, the running yield would rise
to 6.33% in 05/2022, 6.70% in 05/2027 and 7.11% in 05/2032
Ringtail Retail Park
Type: General Retail, Retail - Out of Town, Retail Park, Retail
Location: Ringtail Retail Park, L40 8AD
Images: 1
View Property
For SalePOA
Must See
• A freehold retail investment situated in one of Berkshire’s more affluent suburbs.
• A large, prominent, well configured store over ground and first floor ancillary measuring 7,950 sq ft.
• Total income of £114,000 per annum.
• Let entirely to the strong covenant of Budgens Ltd until 24 June 2026.
• Future asset management opportunity to regear the lease with Budgens and add an additional floor subject to planning.
• Offers are invited in excess of £1,650,000 reflecting a Net Initial Yield of 6.46% assuming purchasers costs of 6.8
Budgens Monument Close
Type: Retail
Location: Essex Street, Monument Close, Newbury, RG14 6QW
Images: 1
View Property
For Sale£185,000.00
New
Freehold Shop Investment Let to Ladbrokes Ltd on a Lease Expiring 2021.
Comprises a Betting Shop on the Ground Floor.
Current Rent Reserved £14,500 per annum
Tenure: Freehold

LOCATION Spennymoor has a population of approximately 20,000 and is located some 10 miles south of Durham and 15 miles north of Darlington. The town is served by the A68A which provides access to the A1(M) at Junction 61, some 4 miles to the east. The High Street provides the main shopping for the town and the property is located close to the Wetherspoon and directly opposite the Brewers Arms.

DESCRIPTION The property comprises a single storey commercial premises extending to 205 sq. m (2,206 sq. ft).

TENANCY The entire property is let to Ladbrokes Betting & Gaming Ltd for a term of 10 years from 23/09/2011 at a current rent of £14,500 per annum exclusive of rates. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants.

VAT is applicable to this property.

GUIDE PRICE We are instructed to seek offers of £185,000 freehold, subject to contract and a commercial lease to Ladbrokes Betting & Gaming Ltd, producing a rental income of £14,500 per annum. A purchase at £185,000 would reflect a gross initial yield of 7.84%.

LEGAL COSTS Each party to bear their own legal costs in connection with this transaction.

ENERGY PERFORMANCE CERTIFICATE - EPC available upon request.

VIEWING Strictly by prior appointment with the sole agents Nicholas Percival Chartered Surveyors on 01206 563222 or info@nicholaspercival.co.uk
FAO: Tom Noble
INVESTMENT FOR SALE FREEHOLD
Type: Retail - High Street, Retail
Location: 2 High Street, DL16 6DB
Size: 2206 Sq Ft
Images: 5
View Property
For Sale£195,000.00
New
LOCATION & DESCRIPTION
Romsey is an attractive market town in the Test Valley hosting a number of prime retailers such as
Waitrose, Bradbeers Department Store, Boots, Martins, M & Co, Costa, Caffe Nero etc to name but a
few.
The property itself comprises a three storey Grade 2 Listed Building with a retail unit on the ground
floor and retail/ancillary accommodation on the first and second floors. The property is well fitted out for
its current use and a side passageway gives rear access to this property and number of others.
Given the tenants position the property may be of interest to investors, and owner/occupiers seeking
the representation in the Town Centre offered by this rare opportunity.
ACCOMMODATION
Ground floor retail unit with modern shopfront
Internal width 12’ 8”
Initial shop depth 21’ 2”
Plus rear area
Net Sales 261 sq ft
First Floor – 2 rooms and waiting area 206 sq ft
WC
Second Floor – 2 rooms 204 sq ft
Total Net Area 721 sq ft
TENANT
The entire property is currently let to Boots Opticians, on a lease expiring 31st March 2019 at a passing
rent of £9450 pa exclusive of rates. Further details on the tenants position are available on request.
PRICE
The freehold is for sale subject to the subsisting lease at a price of £195,000. There is no VAT
applicable
EPC: Not required for a listed building.
RATES RV £8900
1, Cornmarket, Romsey, SO51 8GB
Type: Retail
Location: 1 Cornmarket, SO51 8GB
Size: 721 Sq Ft
Images: 1
Brochures: 1
View Property
For SalePOA
Must See
Exceptional Development Opportunity

Located within the wider Mindenhurst development which has outline planning permission for 1,200 new homes, primary school, retail outlets, sports facilities, employment space and over 69 hectares of public green space

Parcels C & D have outline planning permission to provide up to 135 residential units and associated commercial floor space

Site area totals approximately 3.55 hectares/8.77 acres

The site will be fully serviced

Unconditional offers invited
Mindenhurst
Type: Residential, Retail
Location: Princess Royal Barracks, Camberley, GU16 6RW
Size: 3.55 Hectares
Images: 1
View Property
For Sale£190,000.00
New
International Business Park is located on the eastern side of Charfleets Road. The estate is well located with good links to the A13 and A130 which then lead to the M25. The estate is surrounded by many well-known names and many good quality independent businesses.

The premises is situated at the rear of the industrial estate and is detached.
The unit internally is mainly open plan with office area and two w/c’s. There are two up and over loading doors.
Stairs to a mezzanine floor. (The tenants have installed their own mezzanine floor of approx. 914 sq.ft – this is a tenant fixture and fitting)
Unit 17-18 International Business Park, Canvey Island SS8 0SG
Type: Light Industrial, Industrial
Location: Unit, 17-18 International Business Park, Canvey Island, SS8 0SG
Size: 2555 Sq Ft
Images: 1
Brochures: 1
View Property
For Sale£1,700,000.00
St Andrews House is a 9,116 sq ft detached two-storey open-plan configured office building constructed in 2003 with air conditioning, WC's on each floor, lift, raised floors and 40 car parking spaces. Freehold tenure subject to an estate service charge. Let to LeadStream (UK) Limited 09236407 https://leadstream.co.uk/. Full repairing and insuring lease subject to Schedule of Condition. 10 years expiring 1 January 2028 with a rent review and tenant's break option 25 December 2023. Rent GBP 135,000 pax (to be topped up by vendor following incentive period). Link to video: https://storage.googleapis.com/hdl-vaw-2015-live/app/video/St_Andrews_Aerial.mp4 https://storage.googleapis.com/hdl-vaw-2015-live/app/video/St_Andrews_Interior.mp4



(From Caldes Software. Property Ref: N1340. Sep 20 2018 5:06PM)
St Andrews House, 4400 Parkway, Fareham, PO15 7FJ
Type: Office, Offices
Location: St Andrews House, 4400 Parkway, Solent Business Park, Fareham, PO15 7FJ
Size: 9116 Sq Ft
Images: 1
Brochures: 1
View Property
For Sale£450,000.00
New
Freehold retail investment producing £35,000 per annum, prime High Street location next to Primark, Let to Signet Jewellers Ltd trading as H Samuel, price reflects net initial yields of 7.45%

The property provides a self-contained retail unit arranged over ground, first and second floor levels, providing ground floor retail areas, with ancillary staff and storage accommodation on the upper floors.

EPC Rating: D90

LOCATION
Scunthorpe has a population of circa 76,000 and is located approximately 30 miles south west of Hull and 21 miles east of Doncaster. The town is located at the junction of the A1077 and the A159, 5 miles north of the M180, which links to the M18 at J5, 16 miles to the west of the Town Centre.

The property is situated in a prime location on the High Street, the town’s principal retailing thoroughfare.

The property sits adjacent to Primark, with other nearby occupiers including Sports Direct, Topman, Ernest Jones Jewellers, Superdrug, WH Smith, New Look, B&M Bargains and Poundland.

COVENANTS
Signet Jewellers Limited are the worlds largest retailer of diamond jewellery with over 3,600 stores globally.

In the UK the company trades under the brands H Samuel and Ernest Jones and has 510 stores.

TENANCY
The property is let to Signet Jewellers Limited trading as H Samuel on a 5 year reversionary lease expiring on the 18th November 2026 with a current passing rent of £35,000 per annum.

The lease is drawn on Full Repairing and Insuring terms.

PROPOSAL
The Freehold interest in the property is available at a price of £450,000

A purchase at this price reflects a Net Initial Yield after standard acquisition costs of 7.45%

VAT may be payable in addition to the purchase price.

However the Vendors will consider a sale of the property by way of a TOGC.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.

VIEWING
To view the premises and for any additional information please contact the joint agents.
Retail Investment Opportunity, 82A High Street, Scunthorpe DN15 6SA
Type: Retail
Location: 82a High Street, DN15 6SA
Size: 2848 Sq Ft
Images: 4
Brochures: 1
View Property
For Sale£500,000.00
New
PUDSEY

Pudsey is a Market Town in West Yorkshire. Originally independent, it was incorporated into the City of Leeds Metropolitan Borough in 1974 and is located mid-way between Bradford and Leeds. Historically, in the West Riding of Yorkshire, it has a population of 22,408. The town was famous in the 18th and 19th Centuries for wool manufacture and from the 19th Century for cricket – Yorkshire and England cricketer Sir Len Hutton, Herbert Sutcliffe, Ray Illingworth and Matthew Hoggard all learnt to play in Pudsey!

The town benefits from a small railway station known as New Pudsey Railway Station and is on the main line between Leeds and Bradford Interchange, one of the major commuter routes in West Yorkshire.

LOCATION

The property occupies a central location, towards the eastern end of Lowtown, being close to its junction with Lidget Hill and at the junction with Manor House Street, which links from Lowtown to Robin Lane.

The parade is well positioned, close to a number of major occupiers including World Choice, Altons and virtually opposite the Wetherby Whaler. There are a large number of local occupiers nearby, restaurants and A5 take-aways. In the immediate vicinity is Bojangles Bar, The Pudsey Liberal Club, Funky Shake, Cuccina Pizzeria and The Pudsey Tavern. Pudsey Town Hall is approximately 50 yards to the east.

DESCRIPTION

The property comprises 4 x retail units, let predominantly to local occupiers but including a unit occupied by Scope with a new 10 year lease in place (break at year 5). Occupiers also include a florist, shoe repairer and a sandwich shop (now closed).

TENANCIES / RENTAL INCOME

The 4 retail units provide a total net income of £41,500 per annum. Unit 3 Lowtown is shortly to become vacant however, strong letting interest has been identified and we anticipate that this tenant will be replaced at the end of their lease in December (if not before) by a new tenant at the current passing rental.

A Schedule of Tenancies is attached. Further information available upon request.

RATING ASSESSMENT

Each of the units are assessed for Uniform Business Rates as follows:-

Address: 1 Lowtown, Pudsey, LS28 7BQ
Description: Shop & Premises
Rateable Value: £4,700

Address: 3 Lowtown, Pudsey, LS28 7BQ
Description: Shop & Premises
Rateable Value: £5,800

Address: 5 Lowtown, Pudsey, LS28 7BQ
Description: Shop & Premises
Rateable Value: £6,200

Address: 7 Lowtown, Pudsey, LS28 7BQ
Description: Shop & Premises
Rateable Value: £18,500

The Uniform Business Rate for 2018/2019 is 49.3 pence in the £.

PRICE

Offers are invited in excess of £500,000 for the freehold interest subject to the occupational leases. Subject to Contract.

VAT

The property is understood not to be subject to VAT and, VAT will not be chargeable upon the purchase price

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in the transaction.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Ratings for each property are:-

3 Lowtown – F – 135

Additional Energy Performance Certificates in relation to the remaining properties are commissioned.
1-7 Lowtown, Pudsey, Leeds, LS28 7BQ
Type: Retail, General Retail, Retail - High Street
Location: 1-7 Lowtown, Pudsey, LS28 7BQ
Images: 2
Brochures: 2
View Property
For Sale£1,970,000.00
New
PUDSEY

Pudsey is a Market Town in West Yorkshire. Originally independent, it was incorporated into the City of Leeds Metropolitan Borough in 1974 and is located mid-way between Bradford and Leeds. Historically, in the West Riding of Yorkshire, it has a population of 22,408. The town was famous in the 18th and 19th Centuries for wool manufacture and from the 19th Century for cricket – Yorkshire and England cricketer Sir Len Hutton, Herbert Sutcliffe, Ray Illingworth and Matthew Hoggard all learnt to play in Pudsey!

The town benefits from a small railway station known as New Pudsey Railway Station and is on the main line between Leeds and Bradford Interchange, one of the major commuter routes in West Yorkshire.


LOCATION

The property occupies an established retail location, fronting onto Lidget Hill, close to its junction with Church Lane/Lowtown and Robin Lane at the centre of Pudsey.

The main retail area is centred around this crossroads, being close to Pudsey Town Hall and nearby occupiers include National Westminster Bank Plc, HSBC Bank Plc, Yorkshire Bank etc. Nearby on Lidget Hill are Santander, Bloom Hearing Specialists, Co-operative Funeral Care, Specsavers and Ison Harrison Solicitors.

To the rear of the property is one of the major town centre car parks and further car parking is available on Lidget Hill.

DESCRIPTION

The property comprises a 2-storey block of retail and office units, situated in an excellent town centre location. The ground floor comprises a total of 6 retail units, incorporating tenants such as Yorkshire Building Society, St Gemma’s Hospice, Coral Racing and TCCT Retail Ltd. (Thomas Cook). Coral Racing have sub-let part of their unit to TUI Travel Agents.

The first floor is predominantly divided into two office areas, predominantly occupied by Broadhead Peel & Rhodes trading as BPR Heaton Accountants. The remaining upper floors being occupied with ground floor units.

TENANCIES / RENTAL INCOME

The property is currently let on 6 full repairing and insuring leases by way of service charge recovery, producing a total net rental income of £156,940 per annum. The income is well secured on a number of strong covenants, the vast majority of whom have been in occupation for a considerable period of time. Broadhead Peel & Rhodes are currently “holding over” pending the completion of a new lease agreement.

A Schedule of Tenancies is attached. Further information available upon request.

RATING ASSESSMENT

Each of the units are assessed for Uniform Business Rates as follows:-

Address: 19 Lidget Hill, Pudsey, LS28 7LG
Description: Shop, Office & Premises
Rateable Value: £19,000

Address: 21/23 Lidget Hill, Pudsey, LS28 7LG
Description: Bank & Premises
Rateable Value: £26,250

Address: 25 Lidget Hill, Pudsey, LS28 7LG
Description: Shop & Premises
Rateable Value: £14,000

Address: 27 Lidget Hill, Pudsey, LS28 7LG
Description: Shop & Premises
Rateable Value: £10,750

Address: 27A Lidget Hill, Pudsey, LS28 7LG
Description: Offices & Premises
Rateable Value: £24,750

Address: 29 Lidget Hill, Pudsey, LS28 7LG
Description: Shop & Premises
Rateable Value: £14,500

Address: 31 Lidget Hill, Pudsey, LS28 7LG
Description: Shop & Premises
Rateable Value: £11,250

The Uniform Business Rate for 2018/2019 is 49.3 pence in the £.

PRICE

Offers are invited in excess of £1,970,000 for the freehold interest subject to the occupational leases, reflecting a net initial yield in the region of 7.5% after usual purchasers costs. Subject To Contract.

VAT

VAT will not be chargeable on the sale.

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in the transaction.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Ratings for each property are:-

19 Lidget Hill – E – 123
21 Lidget Hill – C – 66
23 Lidget Hill – C – 55

Additional Energy Performance Certificates in relation to the remaining properties are commissioned.
19-31 Lidget Hill, Pudsey, Leeds, LS28 7LG
Type: Retail, General Retail, Retail - High Street
Location: 19-31 Lidget Hill, Pudsey, LS28 7LG
Images: 4
Brochures: 2
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