Commercial properties for sale

2.25 ACRES APPROX

A rare opportunity to acquire a competitively priced freehold property in one of London’s most desirable mews.

· Freehold with vacant possession
· Suitable for a range of alternative uses, subject to planning
· Unconditional or subject to planning offers considered
· Full technical details available

27 Studios
20 Year Lease to a Serviced Accommodation Provider
Central Newbury Location - creating strong capital growth opportunity
Completed to a high std by an experienced developer Income £21,000 a month ( £252,000 annum) Purchase Price
Undeveloped at £2.35M, OIEO £3.35M (Complete) Yield 7.5%

Former fire station, situated within Mitcham Cricket Green Conservation Area.

Two storey building, comprising a GIA of approximately 3,900 square feet (362 square metres).

Total site area of 0.09 acres (0.0364 hectares).

Suitable for a range of alternative uses including residential, subject to planning.

Available freehold, with vacant possession.

To be sold by informal tender.

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 )

• Planning consent for student accommodation providing 322 beds (265 beds in cluster flats and 57 studios)
• Opportunity to increase bed spaces and maximise site value
• Attractive redevelopment opportunity
• Site area circa 2.01 acres
• 10 minute walk to Coventry University (29,435 total students)
• 3.5 miles to University of Warwick (24,660 total students)
• Freehold

RESIDENTIAL DEVELOPMENT SITE (with outline consent)

• Freehold land and buildings.
• Outline planning permission for the erection of up to 14. no Dwellings and all associated infrastructure
(LPA Ref: 1/0550/2016/OUT).
• No affordable housing (zero %).
• Circa 1.65 acres (0.67 ha) level site.
• Prominent and accessible town centre location close to all local amenities.
• Significant technical due diligence available.
• Vacant possession available at completion.
• Proposals invited on an unconditional basis.

The property comprises a brownfield site situated centrally within the town to the West of School Lane and a short distance from the town centre and local amenities. There are a number of existing commercial buildings remaining on site from its use as a former transport depot which consist of both concrete block and cladding construction. Surrounding the main buildings is a mix of open yards and a car parking area surfaced with concrete and asphalt hardstanding together with a small parcel of land to the South which links the site directly onto New Street.

The site slopes gently from North to South and is mostly surrounded by residential properties on all sides with the exception of a small retail store adjoining the main site access. The main access to the site is on the East boundary off School Lane with a second access from New Street.

Located in a desirable position off of Rushmore Hill in Knockholt, this former agricultural building is offered with planning consent for conversion into a pair of semi-detached family homes, each measuring approximately 1,085 sqft, and with off-street parking and ample gardens.

Surrounding properties provide mostly large detached housing accommodation of high value. Whilst the properties provided by the existing planning consent are likely to prove popular, there may also be potential for further planning uplift on the site which measures approximately 0.55 acres.

We expect the site to appeal to developers, who are likely to be attracted by the saleability of the finished products which will no doubt be extremely popular with local buyers.

The Newtownards Road is one of Belfast’s main arterial routes heading East from Belfast City Centre towards Ballyhackamore. The subject property is situated close to the junction with Dee Street. The Newtownards Road is in a densely populated residential area and benefits from a high level of passing traffic and pedestrian footfall. Surrounding occupiers include William Hill Bookmakers, Portview Trade Centre, James Brown & Sons Funeral Directors and East Belfast Partnership.

- Prominent ground floor retail unit on the busy Newtownards Road.
- High volume of passing vehicular and pedestrian traffic.
- Accommodation extends to approx. 385 sq ft (35.77 sq m).
- Unit benefits from a good fit-out and required minimal ongoing expenditure.
- Suitable for a variety of uses subject to any necessary statutory consents.
- EPC - C66

(From Caldes Software. Property Ref: N86804. Apr 20 2018 4:24PM)

Located 300m from the London School of Economics and Political Science (LSE) Houghton Street campus, 450m from Holborn Underground Station (Piccadilly and Central lines) and 650m from Leicester Square Underground Station (Piccadilly
and Northern lines)

169 student bedrooms, across a mix of studio units and one bed flats

Total area of 46,627 square feet (GIA) over basement, ground and six upper floors

London has the world’s largest student population for any single city and is ranked third in the global list of best student cities, with a total of 39 universities and four of the world’s top 100 Higher Education Institutions including LSE (2018 QS World
University Rankings)

There are 294,605 full time students in London (HESA 16/17) and only 29% students have access to dedicated student accommodation

There is a London-wide restrictive planning regime with respect to delivery of new purpose built student accommodation that insulates existing use values

The property benefits from a lease to the LSE from 20 March 2006 expiring 24 September 2027, subject to a mutual break on 20 March 2021

Current rent of £1,827,839.42 per annum subject to annual upward only rent reviews on 20 March to RPI with a collar of 1.5% and a cap of 3.5%

The LSE let the bedrooms to postgraduate students, academics and staff during term time and summer schools and the public during summer. A nursery
operates on part basement level and is included under the lease

Key asset management initiatives include exercising the mutual break to take advantage of the super reversion. Savills believe the ERV is in the order of £3,859,000

We are instructed to seek offers in excess of £55,000,000 for the Freehold interest in Grosvenor House.

The property at St Leonard’s Court comprises the whole of a modern block of 8 similar apartments, completed around 15 years ago, arranged over ground and three upper floors.

Each apartment comprises two double bedrooms, lounge, kitchen, bathroom and hallway. The properties benefit from double glazing, gas central heating, secure entry system, well maintained garden / communal areas and
private parking.

The average approximate size of each property is around 83 sq m / 890 sq ft although parties should undertake their own measurements for accuracy.

The residential units are fully let on short assured tenancies (SAT’s) with a total passing rent of £4,815 pcm (£57,780 pa), at an average rent of £602 pcm per property.

A Valuation Report for the properties at St Leonard’s Court was prepared in accordance with the RICS Valuation Professional Standards 2014 and International Valuation Standards in May 2017. Copies of this report are available to interested parties.

The report notes a valuation of £150,000 per apartment and a total Market Value of £1,200,000. For the avoidance of doubt the Market Value in respect of the residential properties represents the total or aggregate Market Value of each property which has been valued individually and does not account for any
portfolio considerations.

The property at St Leonard’s Court comprises the whole of a modern block of 8 similar apartments, completed around 15 years ago, arranged over ground and three upper floors.

Each apartment comprises two double bedrooms, lounge, kitchen, bathroom and hallway. The properties benefit from double glazing, gas central heating, secure entry system, well maintained garden / communal areas and
private parking.

The average approximate size of each property is around 83 sq m / 890 sq ft although parties should undertake their own measurements for accuracy.

The residential units are fully let on short assured tenancies (SAT’s) with a total passing rent of £4,815 pcm (£57,780 pa), at an average rent of £602 pcm per property.

A Valuation Report for the properties at St Leonard’s Court was prepared in accordance with the RICS Valuation Professional Standards 2014 and International Valuation Standards in May 2017. Copies of this report are available to interested parties.

The report notes a valuation of £150,000 per apartment and a total Market Value of £1,200,000. For the avoidance of doubt the Market Value in respect of the residential properties represents the total or aggregate Market Value of each property which has been valued individually and does not account for any
portfolio considerations.

Located between Strathclyde University, Glasgow Caledonian University and The City of Glasgow College

Situated adjacent to Buchanan Galleries Shopping Centre and Queen Street railway Station

Glasgow is home to 77,229 higher education students, of which 62,812 are full time.

The site benefits from detailed planning permission for 414 student beds (application ref. 16/01329/DC), granted on 27th October 2016. There has also been previous consent for hotel use on the site (application ref. 13/01035/DC). Alternative residential, retail or office uses may be acceptable subject to obtaining further
planning consents.

Location
The property is situated fronting Station Road to the south of Bamber Bridge town centre in a mixed residential and commercial location.
The position provides excellent access to a range of amenities both to the north within Bamber Bridge centre and to the south with the adjacent retail parks. The subject property lies less than 300 metres from Station Road’s junction with Lostock Lane (A6) which connects with Junction 29 of the M6 Motorway approximately 500 metres to the east.

Description
The property comprises an end terraced substantial commercial building providing a mixture of workshop and office
accommodation over two floors.
The property is arranged in a mixed cellular and open plan format and benefits from uPVC double glazed windows, mixed suspended ceilings with Category II lighting and plasterboard ceilings with fluorescent lighting, a gas-fired wet central heating system, a warm air space heating system and a range of comfort cooling units.

Accommodation
We have estimated that the property extends to the following gross internal floor areas:-
m² ft²
Ground floor 182 1,959
First floor 145 1,561
Total 327 3,520

Services
We believe that all mains services are provided including electricity (3-phase), gas, water and drainage.

Rating Assessment
With effect from 1 April 2017 the premises will have a Rateable Value of £7,000. Prospective tenants may be eligible for small
business rate relief and should contact the local Council in this regard.
Interested parties are advised to make their own enquiries with South Ribble Borough Council (tel. 01772 421491).

Planning
We believe that the premises will have a deemed lawful use generally falling within class B2 of the Town & Country Planning (Use Classes) Order 1987 (as amended). This nature of use benefits from a permitted change to B1 or B8 use.

Interested parties should make their own enquiries with the local planning authority, South Ribble Borough Council (tel. 01772 625493).

Tenure
We understand that the premises are held freehold.

Price
Offers in the region of £210,000.

The Property comprises a mix of new build and conversion PBSA. Developed in around 2010/2011 it provides 77 bedrooms, being a mix of studios together with en suite and non en suite cluster flat bedrooms.

There is frontage to Eastern Boulevard with a rear service yard and car parking for 13 vehicles (11 students and 2 service spaces) with gated access off Rydal Street. There are two bin compounds and there is secure basement cycle storage.

The accommodation is made up of 47 studios, 6 two bed cluster flats, 2 three bed cluster bed flats and 3 four bed cluster flats, with an average inspected studio size of 32.5sq m and 1 bedroom flat size of 31sq m.

Potential Investment/Development/Owner Occupation Opportunity
Birch House and Warehousing Site, Eastmount Road, Darlington, DL1 1LA
Substantial site situated in a well established commercial location close to the town centre inner ring road, within walking distance of Darlington town centre and railway station which are less than 1 mile distant. The site extends to approximately 2.16 acres incorporating 5 warehouse units (1 occupied by a tenant) with a total GIA approx. 44,000sq.ft. Together with detached two storey office building divided into 12 suites occupied by multiple tenants on 12 month agreements and all inclusive rents. The present income from the site is £35,840 per annum (Birch House) and £9,500 per annum from warehouse Unit 2.
Guide Price £975,000
Early viewing strongly recommended

Rare Freehold Office Investment in the City of London with Planning Consent to Convert into 7 Residential Flats

The site extends to approximately 0.19 acres (0.075 Ha) with existing access from Coburg Street. The site is bounded to the north by a park, to the east by residential properties in the form of houses and flats, to the south is the Portsmouth Deaf Centre and to the west is the A2030.

The site has a prominent corner position and comprises the former social club which occupies the western side of the site. The eastern side immediately abuts two rows of garages and a sub-station.

The property is a modern House in Multiple Occupation (HMO) development, comprised of a row of 5 HMOs each with 8 bedrooms, totally 40 bedrooms, with an anticipated Gross Initial Yield of approximately 8.0% (7.4% excluding bills)

The Property comprises five adjacent blocks of almost identical
eight bedroom HMOs which are road facing with rear shared
gardens.

In total there are 40 bedrooms with one bath/shower room per four bedrooms. Each block has the same accommodation to include; to the ground floor a shared dining/kitchen, separate living room and cloakroom; to the first floor, three bedrooms and a bathroom; to the second floor there are three further bedrooms and a shower room and to the third floor there are two bedrooms. Each bedroom is a double and extends to an average of approximately 9.33 sq m (100 sq ft).

We understand that the Property was built in 2001 of brick facing elevations incorporating double glazed aluminium powder coated windows under a pitched tiled roof including skylights. The kitchens were replaced and all except one of the properties re carpeted in 2016.

Existing mixed-use building comprises 10,215 sq ft (NIA) of stripped-out, vacant accommodation.

The property comprises of the following:

80 units (72 self-contained) arranged over two adjoining buildings, including
seven communal kitchen / living rooms and two roof terraces

An overall gross internal area (including common parts) extending to 17,461 sq ft (1,622 sq m) over 5 storeys

An overall gross rental income of £328,140 per annum (91% occupancy)
with an estimated rental value of £335,000 per annum.

Located approximately 0.2 miles (0.32 km) to the west of Ipswich town centre and 0.5 miles (0.8 km) from Christchurch Park, which provides 70 acres (28 ha) of parkland, and sporting facilities , this is a well situated high yielding investment with
opportunity to add value through refurbishment.