Commercial properties for sale

Iconic Grade II Listed Hotel.

Located approximately 3 miles south of Tarporley, Cheshire.

• 38 bedrooms with En-Suite Bathrooms
• Function Rooms
• Bar & Restaurant
• Wedding Venue
• Beauty Spa
• Staff accommodation
• Potential for re-development (subject to planning)
• In need of restoration and improvement

• 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

Prominent period building with planning permission for retail, office and residential development.

The property comprises a four storey building plus basement. The ground and basement levels are in retail (A1) use; the first and second floors consist of B1 floorspace (which is currently partly occupied); and the third floor is residential (vacant).
Planning permission has been granted for rear extensions to create enlarged retail space at basement and ground floor, retention of existing office space at first and second floors, and three flats arranged over first to third floors (2 x 1 bed flats and 1 x 2 bed flat).

The consented accommodation comprises 2,993sqft GIA of retail, 1,636sqft GIA of office accommodation, and 2,077sqft NSA of residential accommodation.

The freehold interest is available with vacant possession.

The property comprises a large warehouse with attached offices to the front.

Construction is generally of brick elevations with shallow pitch asbestos clad roof to the warehouse and felt roof to the offices.

The offices are accessed by a ground floor entrance area/reception and from this leads to visitors toilets, which comprise two low level WC's and two sinks. From the entrance area is access to the ground floor offices and stairs to the first floor offices.

The ground floor offices comprise solid floor with gas fired radiator heating, strip fluorescent lighting, ladies toilet facilities which comprise three cubicles and three sinks, two separate offices, kitchen and a large open plan office in the middle. These offices are currently being used as workshop areas.

To the first floor at the top of the stairs there is a tiled reception area with two offices off. Access is then provided to the main office area and a number of partitioned offices have been created for the directors of the company together with a large open plan area, which is partitioned with glazed partitioning with a central corridor providing access. The first floor is heated via gas central heating and lit via strip lighting.

There is a further area adjoining the first floor offices, which is currently used as a walk through area/staff room.

Warehouse

The warehouse comprises a brick structure with steel trussed roof supporting the asbestos cladding.

To the front of the warehouse are two loading bays, one with concrete ramp and one with a dock facility. The loading bays have two roller shutter doors, both of which are electrically operated.

Internally the warehouse has a concrete floor and is heated via electric bar heating. Lighting is provided via Sodium lights with the warehouse having an eaves height to the underside of the steel beams of 5.5 metres.

The warehouse is currently used for storage and for general industry works and therefore a lot of plant and machinery is installed. A number of mezzanine floors have been created for use with pieces of machinery and these have not been included in the floor areas.

To the corner of the warehouse there is a staff room/canteen, which has a stainless steel sink and drainer.

There is also a despatch office and mezzanine office plus storage area above. We understand this is to be removed and therefore this has not been included in any measurements.

Surrounding the warehouse to the rear and to the side is a large area of open storage land. To the front of the warehouse there is a large loading area, which is used on a daily basis by articulated lorries.

There is ample parking and loading/unloading space for the property.

( Agency Pilot Software Ref: 1157 )

Opportunity to purchase a former holiday home with development potential set in grounds of 0.51 acre. Offered freehold with vacant possession.

15,224 sq ft (GIA) Approx.

Very close to J22 M25

Gated Yard

FOR SALE – RESIDENTIAL & DEVELOPMENT OPPORTUNITY

St Leonards Road, Nazeing

• An extensive 8 bed house, with opportunity to divide
• Permission for two new dwellings
• A 2 bed detached lodge. In all 6.5 acres

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.

The property comprises a 3 storey building of brick construction under a pitched tiled roof which is protected by parapet walls. The ground floor comprises a retail unit; access is only available from the front of the property.

The upper floors are self-contained with an access off Northgate Street are derelict at present.

TENANCY
The ground floor is let to Newbridge Amusements Ltd for a term of 10 years from 17th June 2016 with a tenant’s break clause on the 5th anniversary, subject to them giving 6 months prior written notice. The current rent is £20,000 per annum with a rent review due on 17th June 2021. The lease is on a FRI basis via a service charge contribution. A 6 month deposit has been paid.

The upper floors are vacant.

The property has an EPC rating of F-131. Certificate Ref No: 0860-0835-6709-7003-7006.

Unit E Lyon Road is a semi detached industrial unit of steel frame construction with brick elevations.
To the front is a single storey office block with flat roof.
To the rear there is a production area with a pitched roof.
The production area has three phase electric, heating & lighting.
Parking and loading to front
Private secure yard to the side and rear
( Agency Pilot Software Ref: 2233 )

* Prime retail investment situated in close proximity to Gloucester Cross.
* The purchase price of £425,000 equates to a gross initial yield equating to 12.66% or a net initial yield of 12.23%, after purchaser’s costs of 3.5% have been taken into account.
* For the year end 31st August 2017, Boots Opticians Professional Services Limited reported a pre-tax profit of £26,250,000, shareholders' funds of £143,111,000 and a net worth of £72,683,000.

The property comprises a mid-terrace building of brick construction under a pitched tiled roof which is protected by a parapet wall. The accommodation is over 3 floors with the main retail area and an office on the ground floor with consulting rooms and staff facilities on the first floor. There is no access to the second floor at present.

It mainly has painted plastered walls, suspended ceilings with inset lighting and floor coverings. The retail area has a fully glazed frontage and comfort cooling.

The property has an Energy Performance rating of D-94. Certificate Ref. No. 0960-9983-0357-0390-1094.

TENANCY
The property is let to Boots Opticians Professional Services Limited (following assignment in September 2009) for a period of 10 years to expire 31st March 2019. The passing rent is £53,812 per annum exclusive. The lease included a rent review on the 5th anniversary of the term. The tenant is required to keep the property in good repair and condition and to decorate the interior in every 7 years and the exterior every 5 years. The property is to be decorated throughout during the last 6 months of the term. The tenants have confirmed that they do not intend to renew the lease when it expires.

A copy of the lease is available upon request.

An exciting opportunity to purchase or let a highly individual property situated on the High Street in the heart of Holt.
( Agency Pilot Software Ref: 423699 )

10 Cormorant Drive is comprised of an industrial unit (3,347 sqft) and a single-storey office block (853 sqft) totalling 4,200 sqft (390.14 sqm).

The industrial unit is of steel-portal frame construction, with part-brick, part-profile cladded elevations, under a steel profile cladded roof with approximately 10 percent roof lights.

The office block is a single-storey, brick built facility comprising a number of partitioned offices, a kitchen area and toilet. The unit also benefits from a store, accessed through a separate external door.
( Agency Pilot Software Ref: 129 )

Spratt's Green Farm, Aylsham represents the opportunity to acquire an attractive Grade II listed farmhouse in need of complete modernisation and refurbishment, together with arable land extending to approximately 39.92 hectares (98.64 acres). In addition is a single parcel of off-lying low meadows extending to approximately 1.81 hectares (4.47 acres).

LOCATION
The property is located to the south east of the market town of Aylsham being just 2.0 miles from the town centre. The coastal town of Cromer is approximately 11.0 miles to the north and the City of Norwich is approximately 12.0 miles to the south. Norwich provides a large range of shops, amenities, restaurants and leisure facilities. There is a direct rail link to London Liverpool Street (under 2 hours) as well as an International Airport which regularly flies to a wide range of destinations.

LOT 1:
Spratt's Green Farmhouse is a detached Grade II listed character property dating from the early 19th Century and built of red brick under a slate and clay tile roof. South facing, the property has views over the adjoining farmland. The house retains a wealth of original character features but now requires total renovation presenting an opportunity to create a wonderful family home situated within grounds extending to approximately 0.82 hectares (2.03 acres).

The property is accessed immediately off the public road leading to parking available at the rear of the property.

LOT 2: 5.85 hectares (14.46 acres) of arable land (outlined blue on the lotting plan)
A single parcel of level arable land located to the west of the farmhouse. The land has been used for typical arable cropping including barley, beans and sugar beet. The land is classified as Grade 2 with soils of the Hall and Sheringham soil series described as coarse loam over glaciofluvial drift.

LOT 3: 10.71 hectares (26.46 acres) of arable land (outlined purple on the lotting plan)
A single parcel of level arable land running alongside the Buxton Road with further road frontage to the north and south. The land has been used for typical arable cropping including barley, beans and sugar beet. The land is classified as Grade 2 with soils of the Hall and Sheringham soil series described as coarse loam over glaciofluvial drift.

LOT 4: 5.54 hectares (13.69 acres) of arable land (outlined green on the lotting plan)
A single parcel of level arable land located to the south of the farmhouse. The land has been used for typical arable cropping including barley, beans and sugar beet. The land is classified as Grade 2 with soils of the Hall and Sheringham soil series described as coarse loam over glaciofluvial drift.

LOT 5: 17.82 hectares (44.03 acres) of arable land (outlined orange on the lotting plan)
A single parcel of gently undulating arable land running alongside the Buxton Road with further road frontage along the northern boundary. The land has been used for typical arable cropping including barley, beans and sugar beet. The land is predominantly classified as Grade 2 with soils of the Hall and Sheringham soil series described as coarse loam over glaciofluvial drift.

LOT 6: 1.81 hectares (4.47 acres) of low meadow land (outlined yellow on the lotting plan)
A single parcel of low lying meadow land for grazing on the outskirts of the village of Burgh Next Aylsham. The boundaries are formed by a combination of hedge and ditch. The land is crossed by various internal drains which would now benefit from being cleaned out. The land is classified as Grade 3 with soils of the Hanworth and Sustead
soil series described as loamy and peaty.

VIEWING
Parties interested in Lots 2, 3, 4, 5 and 6 can view at any time during daylight hours with a set of particulars in hand.
For those interested in Lot 1 (the farmhouse) the property will be available to view on the following dates (no booking required):
Thursday 27th September 2018 9.00am until 11.00am
Friday 5th October 2018 3.00pm until 5.00pm
Thursday 11th October 2018 3.00pm until 5.00pm
Friday 19th October 2018 9.00am until 11.00am

METHOD OF SALE
The property is offered for sale in six lots by public auction. To be held at Aylsham Town Hall, Market Place, Aylsham, Norfolk, NR11 6EL on Tuesday 30th October 2018 at 3pm.
( Agency Pilot Software Ref: 334782 )

Lot 8 (shown edged blue on the site plan): A block of amenity land extending in total to 0.59 Ha (1.45 Acres). The land is level with ditches to the north, west and south boundaries. Access to the land is directly off Spring Lane.

The land is to be sold by public auction at Aylsham Town Hall, Market Place, Aylsham, Norfolk, NR11 6EL on Tuesday 30th October 2018 at 3pm.
( Agency Pilot Software Ref: 334781 )

Lot 7 (shown edged red on the site plan): A block of amenity land divided into two parcels and extending to approximately 1.39 Ha (3.44 Acres). The land is level with boundaries comprising mature hedgerows and trees. The River Tud runs along the northern boundary. Access to Lot 7 is directly off Cutthroat Lane.

The land is to be sold by public auction at Aylsham Town Hall, Market Place, Aylsham, Norfolk, NR11 6EL on Tuesday 30th October 2018 at 3pm.



( Agency Pilot Software Ref: 334780 )

A detached and extended property currently leased to the NFU with Circa 3.5 years remaining on the lease at an annual rent of �20,000 plus VAT. The property is in exceptional condition throughout and it may be possible to arrange vacant possession if required.

With Open Reception, offices and storage to the Ground Floor and Open plan and individual Offices to the First Floor, the total lettable area is approximately 232 sq m (2,493 sq ft) and there is parking for 4 cars on site.

The office has a Kitchen/Staff room on the Ground floor plus Ladies and Gents Wc's and to the first floor there is a second Kitchen and Ladies and Gents Wc's. Gross Internal Area is around 3,000 Sq Ft

PROPOSED GYM, CAFE / TAKEAWAY & FIRST FLOOR FLAT (2 NO. BED)

Location

The subjects occupy a prominent position on the west side of North Street, close to its junction with Market Street, on the northern outskirts of Forfar Town Centre.

Additional Details

Forfar is an established market town situated in north central Tayside immediately to the east of the A92 Dundee to Aberdeen trunk road, and is approximately 15 miles from Dundee, the principal administrative centre for the area. It has a population in excess of 14,000 people and is an attractive rural town surrounded by rich farmland.  It offers excellent amenities including both primary and secondary schooling.

Description 

The subjects comprise a mid terraced single storey building of traditional stone construction under a pitched and slated roof with single storey brick extension to the rear. 

The property was previously a nightclub venue, however, a planning application has been submitted and subsequently approved to create a new gym / fitness centre and cafe / takeaway at ground floor level and a 2 no. bedroom flat at first floor level. 

Accommodation

We have measured the accommodation in accordance with the RICS Code of Measuring Practice (6th Edition) to be as follows:

|  Floor  |  Description  |  sq m  |  sq ft |
|  Ground  |  Gym / Fitness Centre  |  292  |  3,143 |
|  Ground  |  Cafe / Takeaway  |  47  |  506 |
|  First   |  2 bed flat  |  85  |  915 |
|  Total  |     |  424  |  4,564 |

Terms

The subjects are available to lease on tenants full repairing and insuring terms. Alternatively, our clients may consider offers for the heritable proprietors interest.

Legal Costs

Each party will be responsible for their own legal costs in connection with the above transaction, with the tenant being responsible for any Land & Building Transaction Tax and VAT liability incurred thereon in.

VAT

Unless otherwise stated all prices, premiums and rents are quoted exclusive of VAT which may be payable.

Viewing Arrangements

To arrange a viewing of the subjects please contact the sole marketing agent, Westport Property Ltd.

Aldwark Manor Golf & Spa Hotel is set within beautifully manicured grounds and parklands, and enjoys access via a sweeping drive through the golf course. The hotel began life as a private residence which was built for the daughter of Lord Walsingham and gifted to her as a wedding present. The hotel now offers 53 en-suite bedrooms, an AA Rosette restaurant, extensive conference and leisure amenities and an 18-hole championship golf course.

Freehold mixed-use investment opportunity situated close to the historic Market Place in the centre of Hexham and with residential accommodation. EPC Ratings: Commercial & Residential TBC.

Ground floor retail unit (43.2 sq m) – residential apartment including: kitchen/diner – bedroom no.1/living – bathroom/w.c. – bedroom no.2 - study/sitting room – shower room/w.c. pleasant aspect over the historic Abbey grounds – freehold with vacant possession – excellent investment potential and scope for further development (subject to any necessary consents)

Freehold Public House For Sale

The Property is located fronting the busy Main Street in the town centre of Bingley. Main Street is lined with a mix of regional and local retailers, estate agents, licensed and leisure operators to include fast food takeaway operators. Licensed premises trading in close proximity to the Property include the Potting Shed, Fire Pit, Mavericks Nightclub and Martinez Wine Bar. Bingley train station is located within 200 metres to the south east of the Property. Bingley is located approximately 5 miles north west of Bradford city centre.

The Property comprises a part two storey and part three storey terraced property of stone construction beneath a pitched and slate roof. The building stands on a roughly rectangular shaped site which provides space for an enclosed beer patio to the rear with approximately 36 external covers. The site also includes a small storage building as well as part of Busfeild Street to the rear. Internally, there is an open plan trading area over the ground floor with a back 'L' shaped bar servery. The beer cellar is located at basement level and the manager's / owner's residential accommodation is arranged over first and second floor levels.

The property is located within the BW Estate on Oldmixon Crescent, which is accessed directly off Winterstoke Road, approximately 2 miles to the south of Weston-Super-Mare town centre and 4 miles from Junction 21 of the M5 motorway.

A unique owner occupier/ investor development opportunity in Hackney Wick comprising a freehold site with full planning permission for a new 23,034 sqft NIA B1 office building.

The site is less than a 1 minute walk from Hackney Wick Station providing services into Stratford within 5 minutes. Stratford will soon benefit from Crossrail (Elizabeth Line) which will provide services into Liverpool Street within 7 minutes, Canary Wharf in 8 minutes, Tottenham Court Road in 13 minutes and Heathrow T2 & 3 in 43 minutes).

The site extends to approximately 598 sqm (0.147 acres) and currently comprises a number of single storey commercial units.

Full planning permission was granted for the demolition of the existing buildings and redevelopment of the site to provide a 5 storey (inc. basement) B1 office building extending to 23,034 sqft NIA (28,309 sqft GIA).

The most recently drafted S106 defines the affordable workspace as: ‘5% of the Workspace (to be no less than 131.5 square metres of Gross Internal Floor space) to be provided as part of the Development at (unless otherwise agreed with the LPA) ground floor or above, which will (unless otherwise agreed with the LPA) be offered to future occupiers at up to £16 per square foot (Indexed) including Service Charge for a period of 5 years from the first Occupation of the Development’ Thereafter the space can be let at full market rent’.

The scheme will provide a communal garden at roof level and provisions for 30 cycle spaces.

The site also lends itself to a residential scheme and was outlined as Phase 1 within the LLDC’s Hackney Wick Masterplan which identifies the ground floor use as B1 with upper floor use as either B1 or C3.

A residential led scheme (subject to the necessary planning consents) would work within the same massing as the granted office planning consent. Architects indicative plans can be made available upon request.

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

The site is available freehold with vacant possession.