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
FREEHOLD CITY CENTRE OFFICE BUILDING WITH DEVELOPMENT POTENTIAL
94,120 sq ft GIA Total of 107,812 sq ft GIA Proposed STPP
• PDR approval for conversion to residential • Planning approval awaited for additional storey providing an additional 13,692 sq ft GIA • Suitable for residential, student accomodation or hotel use (STPP)
All Saints Business Centre, Newcastle Upon Tyne, NE1 2ET
Type: Residential, Hotel, Office, Offices
Cuthbert House, All Saints Business Centre, NE1 2ETGBNewcastle upon TyneTyne and WearNE1 2ETAll Saints Business Centre
3.2 ACRE MAJOR REDEVELOPMENT OPPORTUNITY OPPOSITE DEVONPORT DOCKYARD
• Site suitable for various uses (STPP)
• Unconditional and conditional deals considered
• Existing GIA of 11,397 sq m (122,682 sq ft)
• Site area of 1.29 hectares (3.2 acres)
Saltash Road, Plymouth, PL2 2DP
Type: Residential Land, Distribution Warehouse, General Industrial, Industrial Park, Warehouse, Storage, General Retail, Retail - Out of Town, Trade Counter, Land, Business park, Design & Build, Healthcare, Mixed Use, Science Park, Research & Development, Other, Residential, Industrial, Retail, Commercial Land, Offices, Other Property Types & Opportunities
Goschen Centre, Saltash Road, PL2 2DPGBPlymouthDevonPL2 2DPSaltash Road
Fully Let Investment Opportunity Office accommodation of approximately 3,000 sq ft, fully let investment opportunity, current rental income of �GBP 36,500 per annum. Offers sought in the region of �GBP 435,000 reflecting a net initial yield of 8%.
(From Caldes Software. Property Ref: N87301. Oct 16 2018 10:26PM)
Development Opportunity The property comprises of a detached three storey period building with additional basement. The property was previously used as a Public House and the ground floor remains configured for this use. The upper floors, which could become separately accessed provide residential accommodation, which could be straight forward to convert to flats or HMO accommodation, subject to obtaining the necessary planning consents.
(From Caldes Software. Property Ref: N89541. Oct 16 2018 9:25PM)
The York House, 76 London Road, GLOUCESTER, GL1 3PB
Type: General Retail, Residential, Restaurants/Cafes, Retail - High Street, Retail, Licensed & Leisure
The York House, 76 London Road, GLOUCESTER, GL1 3PBGBGloucester, GloucesterGloucestershireGL1 3PB62, London Road
Retail Investment Opportunity The property comprises of an attractive period building which is arranged over ground, first, second and third floors. The ground floor and basement are let to the Coventry Building Society and the ground floor has been fitted out as a retail bank.
(From Caldes Software. Property Ref: N87629. Oct 16 2018 7:39PM)
43 King Street, STROUD, GL5 3DA
Type: General Industrial, General Retail, Industrial, Retail
43 King Street, , STROUD, GL5 3DAGBStroud, StroudGloucestershireGL5 3DA47, King Street
A3 RESTAURANT The accommodation comprises a ground floor restaurant unit previously occupied and fitted out by Prezzo. The incoming tenant can potentially benefit from an extensive existing fit out, that includes a fitted kitchen, WCs, bar and dining areas.
(From Caldes Software. Property Ref: N84352. Oct 16 2018 7:23PM)
Residential Development Opportunity Two separate buildings offered combined or as two separate sales. The larger building a substantial three storey office open plan on two upper floors and ground floors remain separated with car park at front and the second building a terraced three storey office building fronting Brunswick Road benefiting from access to rear car park.
(From Caldes Software. Property Ref: N86542. Oct 16 2018 6:53PM)
1 St Michaels Court And Building 4 5 And 6 St Michaels Court, GLOUCESTER, GL1 1JB
Type: Office, Residential, Offices
1 St Michaels Court And Building 4 5 And 6 St Michaels Court, , GLOUCESTER, GL1 1JBGBGloucester, GloucesterGloucestershireGL1 1JBSt Michaels Square
Attractive first floor conversion opportunity. - The subject forms part of a category A listed Georgian building, it has largely retained its traditional layout and a number of the period features. Internally the property comprises suspended timber floors, painted walls and ceilings and benefits from natural light provided by the large, timber framed, sash and case windows. It has recently been used as an office space but in September 2018 a planning application was granted to change the use from office to residential.
1F2, 13 Gayfield Square, Edinburgh, EH1 3NX
Type: Mixed Use, Storage, Other Property Types & Opportunities, Industrial
A3 Restaurant Unit The unit is located within the ground floor of a four storey building providing predominantly residential accommodation. The accommodation is finished as a shell available for tenants fit out. The property benefits from A3 restaurant use with the opportunity to provide an outdoor seating area to the front elevation.
(From Caldes Software. Property Ref: N86347. Oct 16 2018 6:38PM)
Block B Greyfriars Media Site, Brunswick Road, GLOUCESTER, GL1 1HT
Type: Restaurants/Cafes, Licensed & Leisure
Block B Greyfriars Media Site, Brunswick Road, GLOUCESTER, GL1 1HTGBGloucester, GloucesterGloucestershireGL1 1HTBrunswick Road
A high yielding industrial investment opportunity with significant asset management potential, located in Hayes, Greater London. Being sold on behalf of LPA Receivers. - Former light industrial unit currently operating as a data centre
Total GIA 106,488 sq ft (9,893 sq m) over ground and 1st floor fixed mezzanine (59,409 sq ft exc. Mezz)
Situated on Springfield Industrial Estate, Hayes, approximately 15 miles from central London
Let to Deutsche Bank AG with 3 years remaining (not in occupation)
Current rent of £2,646,040 per annum
Asset management opportunities include; obtaining vacant possession for light industrial use or refurbishment for a continued data centre use
2.588 acres (1.047 hectares)
Hayes Data Centre, Beaconsfield Road, Springfield Industrial Estate, Hayes, UB4 0SL
Type: General Industrial, Industrial Park, Industrial
Hayes Data Centre, Beaconsfield Road, Springfield Industrial Estate, Hayes, , Hayes, UB4 0SLGBHillingdon, HayesMiddlesexUB4 0SLBeaconsfield Road