On behalf of the City and Guilds of London Institute Daniel Watney and Savills are delighted to be marketing the long leasehold interest in 1 Giltspur Street, London, EC1. Occupying a prominent position in the heart of Midtown, the building offers 23,805 sq ft of recently refurbished offices arranged over lower ground, ground and four upper floors.
The building is held long leasehold from the City of London for a term of 150 years from 24 June 1991 (approximately 123 years left unexpired) at a head rent equating to 7.5% of rack rental value. Vacant possession will be provided no later than 31st August 2019. Should completion of the transaction occur prior to this date the vendor will remain in occupation on terms to be agreed.
We are instructed to seek offers in excess of £17 million subject to contract and exclusive of VAT, for the long leasehold interest, reflecting a low capital value of £714 per sq ft.
1, Giltspur Street, London, EC1A 9DD
1 Giltspur Street, EC1A 9DDGBLondonGreater LondonEC1A 9DD1, Giltspur Street
• Around 59,136 sq ft of accommodation comprising an operating Priory, conference centre and holiday accommodation set in grounds extending to c. 6.81acres (2.76 ha), within 1.5 miles of historic Whitby
• Suitable for a variety of uses including residential, care home, hotel/conference venue, offices (subject to planning)
• A number of the buildings on the estate are Grade II Listed
• Vacant possession Feb 2019
Whitby, YO21 3QN
Type: Residential, Hotel, Offices
St. Hildas Priory, Sneaton Castle, YO21 3QNGBWhitbyNorth YorkshireYO21 3QN
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
Type: Residential, Retail
Princess Royal Barracks, Camberley, GU16 6RWGBCamberleySurreyGU16 6RWPrincess Royal Barracks
An existing 4 storey mixed use commercial property in central Luton extending to 20,247 sqft GIA subject to planning permission for an extra floor of B1 office space or Residential conversion.
The property is located on the south side of George Street which is considered to be Luton’s prime retail pitch in the nucleus of Luton Town Centre. The property is a 7 minute walk from Luton Railway Station providing direct services into London St Pancras in approx. 23 minutes and is approximately a 9 minute drive from Luton Airport. The property is an 8 minute walk from the University of Bedfordshire, Luton campus. The University of Befordfordshire currently has 17,000 students (figure based on a 2016/17 census) and we are of the opinion that the scheme could lend itself to student accommodation use.
MIXED USE COMMERCIAL DEVELOPMENT
Planning permission was submitted on 29th May 2018 for the construction of an extra floor of B1 office space.
The proposed scheme will extend to 24,779 sqft GIA. The scheme provides façade alterations and reconfiguration of the third floor with a use class change from D1 to B1 (Planning Ref: 18/00814/FUL).
The ground floor, use class A2 extends to 4,800 sqft GIA. The 1st and 2nd floor, use class D2 extends to 15,447sqft GIA and the 3rdand proposed 4th floor, use class B1 will extend to 4,532 sqft GIA.
RESIDENTIAL DEVELOPMENT SCHEME
The Vendor submitted a separate planning application in August 2018 for the retention of the ground floor use and the change of use of the 1st to 3rd floors into 62 shared living units (Sui Generis).
The ground floor extends to 4,800 sqft GIA and the proposed residential shared living scheme will extend to 10,599sqft NSA (15,447 sqft GIA).
Should the office scheme be granted this will set president for an extra floor, giving the possibility to apply for an extra floor of shared living accommodation via a separate planning application. We advise potential purchasers to undertake their own due diligence on this matter.
The property is available freehold with vacant possession.
OFFICE INVESTMENT OPPORTUNITY OR RESIDENTIAL/ STUDENT DEVELOPMENT
Ground Floor Retail Unit High St Location Double Frontage 2,963sq ft £19,000per annum Freehold Price on Application
The subjects are situated on the West side of High Street just North of its junction with Walters Wynd within the town Hawick. Hawick is one of the main towns within the Scottish Borders, benefitting from a population of approx 15,000persons. The town is accessed via the A7 road between Edinburgh and Carlisle along with being easily accessible from Galashiels, Jedburgh & Selkirk with excellent Raul links to Glasgow & Edinburgh.
The subjects comprise a ground floor retail unit within a 3 storey mixed use building of traditional construction. The subjects benefit from a prominent double frontage with 3 large display windows, with access gained via a double aluminium framed glazed door.
Internally the subjects are presented in a high specification with floors being overlaid with high grade commercial linoleum throughout, lighting is provided by low voltage LED grids, recessed within the suspended acoustic tile ceiling. Internally the subjects have been partitioned to form large open plan sales area to the front with loading and ancillary storage to the rear with rear access door also. The unit benefits from well presented staff facilities & W.c’s.
The subjects have been assessed and entered onto the valuation roll with the following NAV/RV
The subjects are available by way of a new Full Repairing and Insuring Lease for a negotiable term for £17,000per annum. Our client is offering their freehold interest in the subjects, price available on application.
Prices quoted are exclusive of V.A.T
Available on request
Via appointment with the marketing agent
TO LET / FOR SALE: 53 High Street, Hawick - STUNNING HIGH ST RETAIL UNIT WITH STORAGE
Type: Retail, Mixed use, Retail - High Street, Restaurant/Cafes, Office, Showroom, Other Property Types & Opportunities, Offices
53 High Street, TD9 9BPGBHawickScottish BordersTD9 9BP53, High Street
Centre of Existing Residential Area Town Centre Location Approx 0.15Ac Consent for 12 x 2 Bed Residential Dwellings 8 No. Allocated Parking Spaces Offers Over £135,000
The site is situated on the North West corner of Union Arcade accessible from Smith Street to the East and Burns Statue Square to the South within Ayr town centre. The site is ideally located for all local amenities, being siutated opposite the cinema along with the central shopping parade on Kyle Street with West of Scotland University within 15mins walk.
The site offers a town centre residential development opportunity for 12 x 2 bedroom apartments plus 8 dedicated parking spaces formed over 3 stories. Initial development phase required partial demolition of a warehouse linking into the rear of the shops facing onto 45/47 Burns Statue Square. Due to the area falling within conservation restrictions, part of the the facade has had to be retained however the site is now cleared of all buildings with potential for residential development or student accommodation.
Planning Planning consent was granted in June 2006 with demolition and site clearance commencing shortly thereafter.
Area The site extends to 615sqm (0.15Ac)
Plans Below are copies of plans which were previously submitted and approved by Ayrshire council (Ref:05/01140/FUL)
DEVELOPMENT OPPORTUNITY WITHIN AYR TOWN CENTRE - CONSENT FOR 12 APARTMENTS
The property has just been redeveloped to provide three ground floor shops with apartments above. Each shop has its own toilet and kitchenette with separate services. There is a shared courtyard at the back with bin store and separate access for bins and servicing. One of the shops is already let. Two shops are available to lease or for sale with these approximate floor areas: 3 Parsons Street: 566 sq ft 3a Parsons Street: 854 sq ft
Town Centre Shops for Sale or Lease
Type: General Retail, Retail - High Street, Office, Retail, Offices
3 and 3a Parsons Street, Banbury, OX16 5LWGBBanburyOxfordshireOX16 5LW3 and 3a, Parsons Street
Norwich's geographical distance from major competing centres ensures that the city is the dominant commercial centre in Norfolk and East Anglia, with a primary retail catchment population of approximately one million people. The city has a growing population of 132,200 in the Norwich City Council area and a Norwich Travel to Work Area of 376,500 people. Norwich is ranked 10th out of the UK's top retail centres (CACI 2011) and has two major shopping centres, Chapelfield and Castle Mall, together with all of the country's principal departments stores. Norwich is home to two universities, the largest, the University of East Anglia, is located 2.5 miles away from the site and has a student population in excess of 15,000 students. Norwich also benefits from approximately 5 million tourist visitors annually due to its historic city centre, the Norfolk Broads and extensive coastline. Location Norwich is the administrative and commercial centre of East Anglia and Norfolk's principal city, located 110 miles to the north east of London, 60 miles north east of Cambridge and 43 miles to the north of Ipswich. The city benefits from excellent communication links, with the A11 providing dual carriageway access to Cambridge and London, via the M11. Other major trunk roads include the A47, linking Norwich to Great Yarmouth and Peterborough, whilst the A140 links directly to Ipswich. Norwich benefits from direct train connections to London every 30 minutes, with a journey time of approximately one hour and fifty minutes. Norwich International Airport offers flights to both domestic and European destinations with daily flights to Schiphol, Aberdeen and Manchester Airports, which provides worldwide access. London's Stansted Airport is 85 miles to the south west and is the 4th busiest airport in the UK. The city is the administrative centre for the Anglian region and significant employers include Norfolk County Council, Norwich City Council, the University of East Anglia, Aviva, Briar Chemicals, Colmans and Marsh. Terms / Lease Land is available on a freehold basis, with buildings available on either a freehold or leasehold basis. Price, rents and terms are available upon request.
The property comprises a well presented two storey office building providing a Total Net Internal Floor Area of approximately 6,212 ft sq (583.31 m sq). The building was constructed in 2006 to the following specification:
Steel portal frame, with micro-rib clad elevations and a metal clad pitched roof Raised flooring LG7 compliant lighting Comfort cooling Gas fired central heating Male and Female WC's Passenger lift
( Agency Pilot Software Ref: 2041824 )
Unit 5 Puma Court, King Business Park, Knowsley, L34 1PJ
Type: Office, Offices
Unit 5 Puma Court, King Business Park, Knowsley, L34 1PJGBKnowsley, PrescotL34 1PJKings Drive
A single storey semi-detached industrial property, constructed in brick, blockwork and higher level Georgian wired patent glazing, under a pitched insulated roof with roof lights. The factory floor is concrete. Unencumbered accommodation is provided throughout, with loading facilitated by means of a shutter door to the front elevation that leads out onto a concrete forecourt for off street car parking. A single storey pod to the front provides offices, together with the usual arrangement of kitchen and WCs.
A yard to the rear of the building provides useful external storage. ( Agency Pilot Software Ref: 7421 )
Unit 4 Saffron Way, Leicester, LE2 6UP
Type: General Industrial, Industrial
Unit 4 Saffron Way, Off Saffron Lane, Leicester, LE2 6UPGBLeicester, LeicesterLeicestershireLE2 6UPSaffron Way
A semi-detached industrial unit, constructed in brick and blockwork with higher level Georgian wired patent glazing around a steel portal frame, with a pitched roof incorporating roof lights. Internally, the floor is concrete. The factory accommodation provides clear and unencumbered accommodation. Loading is facilitated by means of a shutter door to the front elevation that leads out onto a concrete apron, providing off road car parking. Single storey offices are constructed across the front elevation, providing a mixture of both open plan and cellular accommodation, together with kitchen and WCs. ( Agency Pilot Software Ref: 7420 )
Units 2 & 3 Saffron Way, Leicester, LE2 6UP
Type: General Industrial, Industrial
Units 2 & 3 Saffron Way, Off Saffron Lane, Leicester, LE2 6UPGBLeicester, LeicesterLeicestershireLE2 6UPSaffron Way
Garrison Property are delighted to offer this Indian takeaway shop with a split level 2 bedroom flat, freehold for sale in Plaistow, East London. This is a superb opportunity to acquire this investment property that is currently being let on a very low rent with only 3 years remaining on the lease and the opportunity to achieve a much higher rent.
The shop is trading as a Indian takeaway but could be let out to a number of different businesses for a number of different uses (Subject to the relevant permissions). The flat is split over two floors with the lounge and kitchen on top floor and the two bedrooms on the first floor. The flat has a separate entrance from the shop.
The shop could achieve rental income of around £14,000 per annum and the split level flat could achieve £15,000 per annum making a total of £29,0000. The current tenant is currently paying under the market rent as they are paying £10,920 per annum for the whole unit. The property also comes with a garden.
The property is located in Plaistow, in close proximity to local amenities and about a 10 minute walk to Plaistow and West Ham Stations. The area is a mixture of commercial and residential and due to this the unit will get a good passing trade.
Price: Offers in the region of £499,995 Estimated rental income achievable for unit: £29,000 per annum Current rental income: £10,920 per annum Shop size (Approx): 500 sq ft Flat size (Approx): 500 sq ft Current lease term remaining: We have been informed that this is 3 years remaining on the current lease Rates: Buyer should make own enquires into this
Viewing strictly by appointment with Garrison Property
Garrison Property endeavours to maintain accurate depictions of its properties in descriptions, however, these are intended only as a guide. These particulars do not constitute or form part of any offer or contract, nor may they be regarded as representations. All interested parties must verify their accuracy. Whilst every effort has been made to ensure accuracy this cannot be guaranteed.
Freehold with a split level 2 bedroom flat for sale in Plaistow, East London
Type: Residential, Flat, General Retail, Retail - High Street, Restaurant/Cafes, Mixed Use, Retail, Other Property Types & Opportunities
Balaam Street, London, E13 8EBGBLondonGreater LondonE13 8EBBalaam Street