Commercial properties for sale

Prominent 4-storey building within Milton Keynes town centre extending to approximately 34,832ft2 NIA, positioned on a site of circa 0.35 acres

Comprising 7 retail units at ground floor which are part let to various tenants (producing £110,130 per annum) with 28,466ft2 NIA of vacant office space across the upper floors

Planning permission for the conversion and extension of the building to provide 86 residential units (52 x 1 bed & 34 x 2 bed) totalling 48,457ft2 NSA

Offers are invited in excess of £9,000,000 for the entire freehold interest

Alternatively, offers are invited in excess of £7,500,000 for the freehold interest, subject to the retail units being retained by the Seller on a new 999 year lease

• Mixed use investment opportunity on Didcot Broadway with permitted development potential to convert 6,092 sq ft of upper floor space to residential.

• 3,870 sq ft of ground floor retail across seven units and rental income over £157,000 p.a.

• Located approximately 5 mins from Didcot Parkway Train station with regular trains to London Paddington (40 mins), Reading (13 mins) and Oxford (13 mins).

• Offers in excess of £2,500,000.

• For sale Freehold.

• Grade II listed Manor House providing approximately 8,714 sq ft (810 sq m)
• Former residential care home with a site area approximately 3.59 acres (1.45 ha)
• Suitable for alternative uses including residential subject to planning
• Close to A11 and market town of Mildenhall
• 3D virtual tour available on our website

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.

Town Centre Redevelopment Opportunity With Planning

Located adjacent to Addlestone Station and within a 7 minute walk of Addlestone One with a new Waitrose, Light Cinema, Premier Inn and Achieve Gym. Planning Permission for 75, 1 and 2 bedroom apartments (20 affordable) and 398m² retail.

PENKETH BUSINESS PARK, LIVERPOOL ROAD, WARRINGTON WA5 2TJ

FULLY REFURBISHED
MULTI-LET INDUSTRIAL ESTATE
WITH EXCELLENT REVERSIONARY POTENTIAL

> A rare opportunity to acquire a fully refurbished multi-let industrial estate investment.

> Located in the North West’s premier industrial location, Warrington, within 1.5 miles of the town Centre with immediate frontage onto the A57 (Liverpool Road) which provides links to Junction 8 of the M62 Motorway.

> 30 units extending to 148,534 sq ft (13,799.15 sq m) with units ranging from 412 sq ft – 44,742 sq ft. Plus 21 storage units and a small parcel of land.

> 98% occupied with a triple net rental income of £559,117 pa.

> Freehold with a site area of 6.46 acres (2.61 hectares), providing a low site coverage of only 41%.

THE OPPORTUNITY

A 3.56 acre waste transfer station that presents a rare opportunity for a sale and leaseback with redevelopment potential from 31st March 2021 onwards, once the leaseback expires. In addition the existing buildings could be refurbished and the balance of the site developed. Vacant possession could be offered earlier by mutual agreement.

Prime Freehold Investment For Sale
Notting Hill Gate

Five serviced apartments available as an income producing asset or with vacant possession.

A single storey former NHS Clinic (Use Class D1) with potential for redevelopment/conversion STPP

Location

The property occupies a prominent position on the south eastern side of Grove Road, in a predominantly residential location within the popular and sought after Reading suburb of Emmer Green.   The major regional town of Reading with its multiple facilities including the Oracle Shopping Complex and Reading Railway Station which provides direct services to London Paddington lies approximately 2 miles to the south.   From December 2019 the £14.8bn Crossrail service (Elizabeth line) will depart from Reading Railway Station twice an hour (four an hour at peak times), providing direct services through the city of London to Shenfield, with Bond Street accessible in under one hour. Crossrail will deliver cutting edge, high capacity trains which will help reduce overcrowding at peak times and provide a cleaner, more environmentally friendly rail service into central London. Junction 11 of the M4 motorway and the A329(M) lie approximately 5 miles to the south and 6 miles to the south east respectively. The immediate vicinity provides a mix of two storey semi-detached houses and a three storey block of flats. A Co-Operative food store, St. Barnabas Church and Emmer Green Primary School are also located nearby. Please refer to the location plan within the particulars of sale.

Additional Details

Description

Please refer to the Ordnance Survey Extract Plan within the particulars of sale which shows the approximate boundaries of the property edged in red.

The property comprises an almost rectangular shaped site containing a single storey former NHS Clinic (Use Class D1 (Non-residential institutions)) with part brick/part wooden panel elevations under a part pitched tiled and part flat bitumen covered roof. The remainder of the property provides approximately 8 car parking spaces, a small rear lawn garden and a small detached temporary outbuilding.

Internally the property provides for a central corridor leading to 8 separate treatment rooms/offices, male, female and disabled WCs and a kitchen. The specification of the building includes gas fired central heating, painted and plastered walls, carpeted and linoleum flooring, suspended ceilings and UPVC windows.

The property is bordered by Grove Road and public open space at its northern boundary, a three storey block of residential flats at its eastern boundary, an electricity substation at its southern boundary and two storey semi-detached dwellings at its western boundary.

The site is largely contained by post and wire fencing apart from at its northern boundary which is open to Grove Road, with a dropped curb.

Vehicular and pedestrian access to the property is from Grove Road.

The total site area is approximately 0.06 hectares (0.15 acres).

The current building has a Gross Internal Area of approximately 135.84 sq. m (1,462 sq. ft.).

Please refer to the photographs of the property within the particulars of sale for further information.

Tenure

The property’s freehold interest is held under Registered Title No. BK319899. The property will be sold with full vacant possession given on completion.

Rating

The Clinic is shown in the Valuation List as having a Rateable Value (RV) of £6,400.

Energy Performance Asset Rating

Assessment rating - TBC.

VAT

We understand that the property is not elected for VAT.

Planning

Pre-Application planning advice has been sought from the Local Planning Authority, which is due to be received before the deadline for offers. For an update please contact the sole agents, Haslams.

The Pre-Application Submission includes an indicative Site Layout Plan and Schedule of Accommodation which provides for 2 no. 1 bedroom flats and 2 no. 2 bedroom flats. These documents are included within the Technical Information Pack.

The lawful planning use of the existing building falls within Use Class D1 (Non-residential Institutions) of the Town and Country Planning (Use Classes) Order 1987.

The site has no recent planning history, however having regard to local and national planning policy, we believe that it could hold potential for some form of redevelopment subject to obtaining planning permission.

Any planning related queries should be directed to the Local Planning Authority:

Reading Borough Council
Civic Offices
Bridge Street
Reading
Berkshire RG1 2LU

Telephone: 0118 937 3787
Web: www.reading.gov.uk

Services

We are advised that mains electricity, gas, water and drainage services are connected to the property. However, prospective purchasers are advised to make their own independent enquiries of the individual authorities to verify the capacity and availability of such services. 

Disposal

Please refer to the particulars of sale for further details on the Disposal method.

Technical Information Pack

A copy of the technical information pack is accessible via our Data Room.  Login details are available upon request.

Viewing And All Other Enquiries

Please refer to the particulars of sale for the block viewing dates.

VIRTUAL FREEHOLD

Location

The property is located occupying a prominent position in the heart of the professional quarter, and within the Cathedral Conservation area. Directly opposite are the grounds to the Cathedral, and there are two NCP multi-storey car parks within 300 metres. The property is within a very short walk of the main retail area on Fargate/High Street.

Description

A four storey structurally detached self-contained building totalling approximately 6,210 sq ft net internal. There are two ground floor entrances, the right hand entrance leading to an impressive reception area, whereas the left hand entrance leads to the main staircase and the passenger lift. The accommodation has the benefit of suspended ceilings, comfort cooling, and perimeter trunking.

Accommodation

|     |  Sq M  |  Sq Ft |
|  Ground Floor  |  128  |  1,378 |
|  First Floor  |  148  |  1,593 |
|  Second Floor  |  145  |  1,561 |
|  Third Floor  |  156  |  1,678 |
|  Total  |  577  |  6,210 |

 

Planning

Planning permission has recently been granted conditionally for the following proposals: 1.) Use of office building (Use Class B1) as 24 no. apartments (Use Class C3). Reference: 18/02722/ORPN. Decision date: 5th October 2018. 2.) Use of ground floor as residential amenity space, single storey extension and alterations to roof to form terrace, installation of living wall and replacement ground floor windows to front elevation. Reference: 18/03/175/FUL. Decision date: 10th December 2018. Interested parties should make their own enquiries of Sheffield City Council Planning Department.

Tenure

The property is part freehold and part leasehold for the residue of a term of 450 years from 1742 at a fixed nominal ground rent. The ground rent has not been demanded in living memory. The property is therefore a virtual freehold.

Price Required

Terms on Application. Please note VAT will be levied on the purchase price at the prevailing rate.

Prime Middle Gate location
Three retail units producing 53,000 p.a.
Adjacent to Fat Face and opposite Boots
8% net initial yield
Offers invited in the region of 630,000

Prominent Freehold Site with potential for suitable uses such as drive thru/drive to subject to planning
( Agency Pilot Software Ref: 21333 )

Comprising new office accommodation over ground and first floors. Forming part of a boutique mixed-use development the oces will be finished to a full Cat. A specification. Private garden situated on the ground floor.
For sale by way of long leasehold (tenure 999 years) or To Let. Freehold available by separate negotiation. Due for completion Autumn 2018.

Further details available upon request.
( Agency Pilot Software Ref: 1906 )

Prominent, town centre property, consisting of a former Bank and Public House, Ground and First Floor Offices, Residential Apartment and two adjacent car parks. Forming a desirable opportunity for acquisition for owner occupiers, investors and developers alike.
( Agency Pilot Software Ref: 103715 )

The unit occupies the ground floor office accommodation of the stand alone building to the left of the highly secure gated one way entrance, which is controlled via a key pad entry system. The office itself is a two storey brick construction, with both fire and security alarms, accessed via a shared entrance with the office directly above. The unit is fully double glazed, with electric heating, Category 5 cabling throughout, two shared WCs and a shared kitchen on the first floor. The unit also benefits from 3 specific car parking spaces and the permits associated, although there are plenty of excess visitor parking spaces available around the development.

( Agency Pilot Software Ref: 459 )

The subject property comprises a mid terrace building built of traditional brick and part flint construction under a pitched pantiled roof. The property has been amended over the years to provide a ground floor shop, with access to the side leading to an attractive four bedroomed maisonette arranged over ground, first and second floors.

The shop is let as a beauty salon, which has a display window to Yarmouth Road and is under a flat roofed front extension. This opens into a larger trading area which is fitted out with hairdressing stations and a rear consulting room.

The residential accommodation is accessed through a door from Yarmouth Road leading to an attractive courtyard leading to a hall/utility room. There is a rear WC. This then leads to a large and spacious kitchen/diner with extensive window to the rear garden and from this area there are stairs to the first floor. A living room, overlooking the river green, a front bedroom, two rear bedrooms and a bathroom. On the second floor, accessed via stairs from the living room is a fourth bedroom.

Externally to the rear there is a large garden, with separate access via a garage from the side loke.

( Agency Pilot Software Ref: 334883 )

The property comprises a detached four storey former dwelling house, probably built in the late 19th Century of brickwork construction, with pitched tile covered roofs. The majority of windows are the original timber framed single glazed, double hung sashes and vertical blinds, but there are timber framed double glazed ‘Velux’ style windows at second floor level.

The accommodation is arranged to provide offices on ground, first and second floors, together with basement storage. The ground floor comprises a front hall and central corridor, off which are two smaller offices and one larger open plan office, in addition to a kitchen and WC (disabled). Stairs lead to the first floor landing and corridor, off which are a further four offices and a WC. The stairs also lead up to the second floor landing and corridor, off which are two offices, a WC and a store room. The basement is separately accessed from an external door and comprises several interconnected store rooms.

In general, the offices have carpeted floor coverings with emulsion painted walls and ceilings with surface mounted fluorescent lighting. A gas fired central heating system heats the ground and first floors whilst the second floor office has electric wall heaters. The kitchen has fitted units including a stainless steel sink.

There is a tarmacadam surfaced car park with approximately 16 spaces accessed from Heathville Road.

Please find Informal Tender Document in downloads.

For Sale by Informal Tender. Closing date for tenders by 12PM on 31st January 2019.

The property has an Energy Performance rating of E-110. Certificate Ref. No. 9478-3016-0986-0200-9305.

Location
The parade of which the property forms part is situated on the north side of Church Lane at its junction with All Saints Close. Doddinghurst Infant and Junior Schools lie on the opposite side of the road. Brentwood lies approximately 5km to the south.

The premises are conveniently located to serve the local community and surrounding villages.

Accommodation
Purpose built convenience store and post office at the end of a parade of six small shop units with residential there-over. The demise includes two self-contained, vacant flats. Additionally, there are two garages which are situated to the rear of the premises. To the front of the parade there is customer parking for approximately 25 vehicles. To the rear there is a service area.

Rare Freehold opportunity. A modern Hi-tech Industrial/Office unit finished to an extremely high specification with Planning consent for a variety of uses.

Key features:
• 4 - 6 car private parking spaces at the front
• Mezzanine steel structure with 3.25m clear height on the ground floor. Height to eaves is 6.6m
• Aluminium double glazed windows on both floors
• 3 Phase power electrics with ample socket outlets
• Electrically operated roller shutter loading door
• Separate kitchen area and WC on each floor
• Fire rated suspended ceilings

Special features:
• Air conditioning system Daikin Inverter in each room for comfort heating and cooling
• Air ventilation units with heat recovery Mitsubishi Lossnay for filtered fresh air provision
• CCTV and GSM Alarm systems
• Specially designed sound insulation to all walls finished with perforated metal panels
• Energy saving High output LED lighting throughout
• High specification designer tiling and plumbing supplies to WC’s
• PVC patterned floor coverings throughout
• Beam trolley hoist designed for lifting loads to the first floor
• Security electric remote controlled roller shutters for the openings on the ground floor
• Bespoke Glass partitions to offices
• Luxury fitted kitchen with solid oak worktops
• Energy saving extra thick additional Rockwool insulation to external walls and roof

Planning:
B1 (Offices, Research and Development, Light Industrial)
B8 (Storage and Distribution)

Business Rates:
Payable 2018/2019 = £11,192.19 per annum.

Location
• Chessington Industrial Estate is located extremely close to A3 with direct access to Central London. Further access to the M25 via A243 is just 5 miles distant or via A3 is some 8 miles away.
• Chessington North railway station is 10 mins walk with 35 mins direct trains to London Waterloo
• Regular K2 bus services to Kingston Upon Thames

• Church, separate hall and various meeting rooms
• Generous plot
• Available immediately
• D1 Planning Use – suitable for nurseries, community centre, etc
• Development potential subject to gaining planning permission

The property benefits from restaurant / bar (A3, A4) consent on the ground floor with hotel (C1) consent on the upper parts.

The property benefits from restaurant / bar (A3, A4) consent on the ground floor with hotel (C1) consent on the upper parts.

Interesting Development Opportunity
Offices, Workshop & Store
Freehold For Sale
Planning For Conversion To 3-Bed House
Workshop 586 sq ft (54.4 sq m) + 1st floor office/store 545 sq ft (50.6 sq m).
Office 199 sq ft (18.5 sq m).
Store 190 sq ft (17.7 sq m).
Total overall 1,520 sq ft (141.2 sq m).
Attractive brick pavioured driveway/parking area.

The property comprises of a ground floor lock up shop currently trading as a car repairs and MOT garage and has been trading since approx 1990, the lease expires 1st August 2021 paying £14,250 p.a.x.

The shop benefits from air conditioning, suspended ceiling, rear shutter/access, alarm, electric roller shutter to the front and carpeting. The shop has a total area of 1,247 sqft (115.85 sqm), which includes a retail area of 595 sqft (55.29 sqm), a rear ancillary area of 652 sqft (60.60 sqm) and additionally a parking space on the forecourt.

There is a 2 bedroom flat above currently paying £12,000 p.a. and are due to leave in March 2019. The pictures below of the flat are prior to the current AST. We haven't inspected the flat but are informed that its one single and one double bedroom.

( Agency Pilot Software Ref: 646 )