Commercial properties for sale

15,224 sq ft (GIA) Approx.

Very close to J22 M25

Gated Yard

• Affluent north west town with over 570,000 people living within 30 minutes of its centre
• Prominent & easily accessible location adjacent to the A59 Liverpool Road
• Let to national retailers including Aldi, B & M, Pets At Home, Peacocks, Sue Ryder and Subway with a highly attractive WAULT of over 14 years
• Approximately 41% of the income subject to either RPI or fixed increases
• Offers are sought in excess of £15,300,000 (Fifteen Million Three Hundred Thousand Pounds) reflecting an attractive Net Initial Yield of 6.00% assuming purchaser costs of 6.73%.
• Based on the fixed/RPI increases, the running yield would rise
to 6.33% in 05/2022, 6.70% in 05/2027 and 7.11% in 05/2032

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

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

Exeter
Prominent City Centre Development Site
For Sale

Single storey modern 13,750 ft2 retail warehouse on rapidly expanding industrial estate.

Highly prominent corner position at junction of A.41 and A518 directly opposite Aldi

Large on-site car park & yard.

Price guide £11.50 per ft2 to rent or £1.85M to purchase

Expressions of interest (Principals or named Principals only please) to the agent

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 )

The property includes a large yard area which is shared in part with the adjacent occupier. Approximately 2,264.49 sq. m. (0.559 acres) of yard is available excluding parking.

In the main the property comprises brick built offices with flat roof with the addition of a steel frame workshop with profile clad elevations and roof.

The offices generally include carpet to the floors, air cooling, data points, windows, radiators supplied by gas fired boiler and good natural light. The offices are served by ladies and gents WC facilities, the ladies doubling up as a disabled facility. The space also comprises a kitchen which includes base and wall units and stainless steel sink and drainer.

The workshop includes concrete floor, three phase power, three electric loading doors, fluorescent lighting, two gas blower heaters and an eaves height of 5.37 metres rising clear.

The property generally includes burglar alarm, fire alarm, solar panels, gas fired heating, air cooling to the offices, 26 normal parking spaces, one disabled space, all contained within a secure fenced and gated yard.

( Agency Pilot Software Ref: 2754 )

Home Farm House comprises a very attractive Georgian former farmhouse which has been extended and amended in previous years and benefits from a substantial range of early period barns and outbuildings set within a lovely courtyard area and extensive mature private gardens beyond. The house is in need of some improvement but offers and excellent opportunity to create a fine long term family house in a sought after village setting.

The property sits in approximately 0.9 of an acre or thereabouts and pre-planning has been obtained from Rushcliffe Council in respect of the potential for residential development within the rear garden. A copy of the response from Rushcliffe Borough Council is available on request.

Income producing investment property fully let at £51,000 per annum exclusive.

Guide Price: £685,000
FREEHOLD SUBJECT TO CONTRACT

LOCATION

Newcastle Under Lyme is a market town in North Staffordshire situated 40 miles south of Manchester and 40 miles north-west of Birmingham and directly adjoins Stoke-on-Trent. The town has a population of over 75,000 and has become a very popular choice for students to study, due to Keele University. This University was founded in 1949 and is the UK’s largest campus University combining research facilities and science park.

Newcastle Under Lyme is a mixture of a vibrant centre with young people enjoying the bars and cafés, and an ancient market town famous for not being Stoke on Trent. It has a market 6 days a week and the famous amusement park, Alton Towers is not far away.

The property is well located on the South side of the pedestrianised Ironmarket in the heart of the town centre in Newcastle Under Lyme. Ironmarket is just off the A52 which links Newcastle Under Lyme and Stoke on Trent and is close to the M6 motorway. Nearby occupiers include Coral, HSBC, New Look, Wilkinson, Scotts, BetFred, Café Nero and Halifax and the Yates Public House amongst many others.

DESCRIPTION

The premises are arranged as ground, first and second floors with two tenants, Loungers Ltd (Company No: 04595806) on the ground and part first floor benefitting from rear courtyard/outside seating area, paying a passing rent of £40,000 per annum, with the first floor and second floor offices let to Meridian Business Support Ltd (Company No: 02386774) paying a rent of £11,000 per annum.

TENANCY
Loungers Ltd in relation to ground and part first floor, 57 – 58 Ironmarket, Newcastle Under Lyme – the Lease is for a straight 15 years on effective full repairing and insuring Lease terms with no breaks, commencing 26th October 2015, expiring 25th October 2030, paying an annual passing rent of £40,000 exclusive, quarterly in advance with rent reviews, upwards only, every fifth anniversary of the term to market rent.

Meridian Business Support Ltd relating to the first and second floor office premises at 56 and 58 Ironmarket, Newcastle Under Lyme have been tenants of the building since 2010 – the current Lease dated 21st October 2014 is for a term of 5 years from 31st October 2014, expiring 30th October 2019, paying an annual rent of £11,000 per annum. The tenants break option on 31st October 2017 was not activated.

GUIDE PRICE
We are instructed to seek offers in excess of £650,000 (six hundred and fifty five thousand pounds) freehold subject to contract and both commercial leases producing a combined rental income of £51,000 pax. A purchase at this level would reflect a gross initial yield of 7.85% and a Net Initial Yield of 7.56% after purchase costs at 3.8%.

TENANT INFORMATION

Loungers Ltd for the year ending 27th April 2017 Loungers recorded an increase in revenue from £68.5m to £91.8m and pre-tax profits of £3,186,658.

Meridian Business Support Ltd incorporated 19th May 1989. For the year ending 31st December 2016 Meridian Business Support reported a turnover of £98,687,640 and profit before tax for the year of £807,633.

VIEWING
For further information please contact sole agents Messrs Nicholas Percival, for the attention of T Noble – 01206 563222

The premises briefly comprise a stone built mid terrace retail unit located on the busy Halifax Road running through the centre of Todmorden Town.

The property is set out over 3 floors having a retail area to the ground floor and ancillary storage to the upper levels. A basement can be accessed externally from the rear elevation. The ground floor offers an open plan retail area having large shop frontage, suspended ceiling with inset lights, WC facilities and timber effect flooring throughout. Free street parking is available within the direct vicinity.

Services to include electricity, gas, water and drainage are believed to be connected to the premises. Please note these services have not been tried or tested and any interested parties are advised to satisfy themselves as to their suitability and condition.

The property is currently tenanted by Tia Greyhound who pay an annual rental of £7,200.
( Agency Pilot Software Ref: 1771 )

The property comprises an attractive former bank premises of stone construction beneath a pitched slate roof.

Internally the accommodation is arranged over ground floor, mezzanine and basement. The property is fitted out as offices and in terms of layout on the ground floor the accommodation is largely open plan plus three separate meeting rooms, kitchen and w.c. facilities. The mezzanine floor has a good sized landing area and two separate rooms currently utilised as storage.

In addition there are five car parking spaces located to the rear of the property.
( Agency Pilot Software Ref: 690 )

Beechwood Court is a modern gated development of 6 high quality self-contained offices. Goring House provides a combination of open plan offices and meeting rooms on ground and first floor, dedicated reception area and additional kitchenette, WC and shower facilities. There are 9 car parking spaces.
( Agency Pilot Software Ref: 362 )

Multi Let Industrial Investment
The site is situated within the popular Standard Way Business Park, Northallerton approximately 15 miles south of Darlington, 30 miles north of York and 52 miles north of Leeds with convenient access across the region via A19/1AM. Self contained trade park comprising four units constructed circa 1990 of steel portal frame construction with corrugated sheet cladding to elevations.
Gross Internal Area 15,403sq.ft.
Total Site Area 1.3 acres
Fully occupied - total rents received £71,750 (reserved until March 2020)
Offers in the Region of £725,000 reflecting a net initial yield 9.45% (after assuming purchasers costs at 4.4%)

the premises comprise a stone built public house arranged over ground floor and a 3 bedroom flat at first floor level.

Eternally the premises benefit from an external car parking area with the overall site extending to 0.2 acres.

The site and premises would be suitable for a residential conversion subject to planning.

All trade Inventory belonging to the Vendor on site on the day of Completion will be included in the sale. The Vendor will not provide an Inventory. Any items belonging to third parties ie Beer Raising equipment are excluded from sale.
( Agency Pilot Software Ref: 2040336 )

( Agency Pilot Software Ref: 3860 )

The site measures approximately 0.3 acres (0.12 ha) and comprises a vacant 2 storey residential building (circa 1,207 sq ft GIA) and associated grounds. The property sits within a curtilage Grade I listed Orleans House

- • Existing detached residential dwelling (circa 1,207 sq ft GIA)
- • Falls within the curtilage of Grade I listed Orleans House
- • Potential for residential redevelopment/conversion (subject to gaining the necessary planning consent)
- • Site area of approximately 0.12 hectares (0.3 acres)
- • Freehold for sale by informal tender
- • Unconditional offers invited
- • Bid deadline 12 noon Tuesday 23rd October 2018

A substantial Grade II listed building, sitting in 4.05 acres (1.64 hectares) of wooded grounds overlooking the scenic Severn Valley
( Agency Pilot Software Ref: 1296 )

Significant Gateway Development Site
( Agency Pilot Software Ref: 1287 )

- Trade Counter and Offices with Secure Yard
- 597.28 Sq. M. (6,427 Sq. Ft.)
- Includes Adjoining Unit with Income Potential
- Established Industrial Estate
- Site Area 0.28 Acre
- Nearby Occupiers Include Screwfix & Topps Tiles
- Available on a New lease on Terms to be Agreed or Sold
- Rare Opportunity
- Internal Viewing Recommended
- Potential to Split
- Investment Opportunity
( Agency Pilot Software Ref: 14868716 )

Residential development with planning.
North side of the junction at Drax Road and A1041.
Of interest to residential developers and housebuilders.
( Agency Pilot Software Ref: 4165 )

The property is in a prominent location forming part of
a parade of grand Georgian townhouses adjacent the
principal high street of the town centre. The property is
a grade I listed building with accommodation on lower
ground, ground, first and second floors arranged around a
large cantilevered staircase together with parking spaces for
6 vehicles to the front.
The premises have most recently been used as offices
but would suit a number of uses, subject to obtaining the
necessary consents. The premises are offered with vacant
possession and are available for immediate occupation. All
interested parties to make enquiries through the sole agents.
( Agency Pilot Software Ref: 285 )

An excellent opportunity to acquire a block of strategically located farmland extending to 217.87 acres (88.17 ha). The site is situated within the M11/A120 corridor and lies approximately three miles from Bishops Stortford and the M11 (J8). The land is offered for sale without Development Overage and is for sale as a whole, subject to the final year of a Farm Business Tenancy. For further information please contact Simon Gooderham on 01223 213 777 or simon.gooderham@cheffins.co.uk.
( Agency Pilot Software Ref: 203814 )

Substantial commercial property comprising a mixture of offices, labs, light industrial and storage. Situated close to A10 Littleport Bypass. Well specified modern buildings with a large car parking area within attractive mature grounds. The site is currently occupied until October 2018 at a rent of £100,368 per annum. For further information please contact Philip Woolner or Steven Harvey on 01223 213 666 or philip.woolner@cheffins.co.uk / steven.harvey@cheffins.co.uk.
( Agency Pilot Software Ref: 203808 )