Commercial properties for sale

Development Opportunity

Site with Planning Approved for 2 Semi-Detached Homes

Would Suit Self-Builder or Developer

Three Bedroom Homes with Parking

Gross Development Value in the region of £770,000

CIL Payment set at £7596

Affordable Housing Contribution (Section 106) £13,000

Excellent Location Close To Reading Station

55-69 Rothbury Road, Hackney Wick, London E9 5HA

• Full planning consent for a new 23,034 sq ft net internal area office building
• Contemporary media-style building design with over 3.5m ceiling heights
• Situated within one of East London's foremost emerging vibrant areas
• Superb location within Hackney Wick, less than 1 minute walk from Hackney Wick Station
• Site massing established with potential for alternative use class to include residential (as listed within the LLDC masterplan)
• Unconditional offers in the region of £4,750,000 excl. which equates to £206 per sq ft on the net area of the consented scheme

Total site income of circa £520,000 per annum. Income generated from bulk storage including warehousing, grain storage and short term licences. There are opportunities for active management to generate further income.

MODERN INDUSTRIAL WAREHOUSE BUILDING

• Modern detached warehouse premises
• High bay internal eaves 33’ 5” (10.2m)
• Well fitted offices
• Total site area approx. 3.85 acres (1.60 hectares)
• M54 (Junction 4/5) approx. 4 miles

PRICE: £4.95m plus VAT, subject to contract for the freehold interest

FOR SALE
SOUTH EAST FREEHOLD RESIDENTIAL DEVELOPMENT / CONVERSION OPPORTUNITY

• Planning submitted for 22 luxury one and two bed apartments

• Suitable for alternative uses including hotel, student accommodation and retirement / care home (STP)

• Prominent town centre site with car parking

• Short walk to train station, shopping centre and sea front

• Around 59,136 sq ft of accommodation comprising an operating Priory, conference centre and holiday accommodation set in grounds extending to c. 6.81acres (2.76 ha), within 1.5 miles of historic Whitby

• Suitable for a variety of uses including residential, care home, hotel/conference venue, offices (subject to planning)

• A number of the buildings on the estate are Grade II Listed

• Vacant possession Feb 2019

• 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

A new modern industrial unit of 127,500 sq ft TO LET

- 61m yard depth
- 10 dock levellers
- 2 level entry doors
- 12m minimum clear internal height
- Potential for 15,776 pallets
- Fully fitted offices
- 102 staff car parking spaces

COMMERCIAL DEVELOPMENT OPPORTUNITY

Location

The premises are located within Baldovie Industrial Estate, which is situated approximately three miles north east of Dundee City Centre. More specifically the subjects are located on the east side of Forties Road at its junction with Drumgeith Road at the main entrance to the Industrial Estate. Nearby occupiers include Dundee City Council, Michelin, Rembrand Timber, Aerospace Tooling and Specialist Timber Products.

Additional Details

Description

The subjects comprise a substantial former industrial facility of steel portal frame construction extending to approximately 44,000 sq ft on a total site area of approximately 1.42 hectares / 3.51 acres.

The site is regular in shape and accessed off Forties Road.

Externally there is a large tarmac surfaced car parking area together with a tarmac and concrete surfaced yard area.

The subjects are bound by Drumgeith Road to the north, Forties Road to the west, a recycling plant to the south and open land to the east. 

Rating

The subjects are not currently enetered in the valuation roll for rating purposes.

Planning

The site is covered by Policy 1: Principal Economic Development Area in the Dundee Local Development Plan and, as such, will be safeguarded for Class 4 (Business), Class 5 (General Industry) and Class 6 (Storage & Distribution). 

VAT

Unless otherwise stated all prices, premiums and rents quoted are exclusive of Value Added Tax (VAT) which will be payable.

Entry

Upon completion of legal formalities. 

Legal Cost

Each party shall be responsible for their own legal costs with the purchaser being responsible for any Land & Building Transaction Tax and VAT incurred thereon.

Viewing

Strictly by appointment with the selling agents.

Detached property comprising a former church premises (D1 use) which may lend itself to alternative uses, subject to planning.

Location

The property is centrally located on the north-eastern side of Cedar Road, Cobham which is a predominantly residential street behind and running parallel to the High Street. Cobham is an affluent Surrey town located approximately 22 miles south west of central London and 12 miles north east of Guildford. The town benefits from excellent road access with the A3 trunk road less than 0.5 miles to the north east of the property, which in turn leads to the M25 (Junction 10), 1 mile to the south. Nearby Cobham & Stoke D’Abernon railway station provides a regular service to London Waterloo with a fastest journey time of approx. 36 minutes.

Additional Details

Description

The property comprises a detached building of fair-faced brick construction under various clay-tiled pitched roofs. The original building forming the congregation hall, is believed to have been constructed in the mid-1930’s and has been subject to a later extension along the south / southeast elevation believed to have been added in the early-1990’s.

Internally, the original building comprises an open-plan congregation hall with a high-level false ceiling incorporating suspended strip lighting and carpeted throughout. Heating is provided by a gas-fired central heating system serving a number of perimeter radiators. Access to the hall is gained via a single-storey entrance foyer incorporating WC facilities.
Furthermore, at the northern end of the hall, there is small ‘vestry’ currently used as a small office and kitchen. Access to the more modern extension is found at the southern end of the main church congregation hall which leads into an ‘L’ shaped hall which wraps around the south-eastern corner of the original building. This area has a vaulted ceiling incorporating a number of Velux rooflights. At the northern end of the hall there is a fitted kitchen facility providing a sink, oven, hob and a number of storage units. There is also a sliding concertina partition wall which can be used to sub-divide the hall into two sections. Accessed off the hall is a storage cupboard, WC’s and a further external access door.

Externally, there is an area of hard-standing finished with tarmacadam which provides parking for approx. 10 + vehicles. However, the area cross-hatched blue is subject to a lease. Please see ‘Tenancies’ section for further information relating to this part of the external demise.

Tenancies

Please see brochure for further information. 

Contacts & Viewings

Please contact the sole selling agents Hurst Warne on 01372 360 190. 

Location

Lonsdale Gate is well situated in the affluent town of Tunbridge Wells just a few minutes drive from the A26 Mount Pleasant Road. The premises are adjacent to Tunbridge Wells mainline railway station which provides a regular service into central London (London Bridge - 46 mins, London Waterloo - 51 mins). Lonsdale Gardens is a private road which contains a mixture of offices and residential properties. On street parking is available for the use of the occupiers and is regulated via a private security company. Just a few minutes walk are numerous town centre amenities including shops, leisure facilities, and restaurants, with the main town centre and Pantlies www.thepantiles.com being only 10 minutes walk away.

Additional Details

Description

The property comprises an office building arranged over ground and three upper floors with 38 car parking spaces to the rear of the property.  We understand that the building was constructed in the late 1980's and is of concrete frame construction with brick elevations under a pitched tiled roof. 

Amenities Suspended ceilings with category 2 lighting Raised access floors Gas fired central heating 6 person passenger lift Tenure and Tenancy

The building and site are held freehold under title K672423.

The occupational lease has recently been surrendered and a new lease granted on the following terms:

New lease dated 10 September 2018 expiring 31st December 2019. Tenant - Thompson Snell & Passmore LLP www.ts-p.co.uk.  There is a tenant only option to determine the lease from the 25th June 2019 on 1 month prior written notice (further information from the agent). The current passing rent is £140,220 per annum, exclusive (£14.60 per sq ft) rising to £216,000 per annum, exclusive (£22.50 per sq ft) from 25th March 2019.  There is excellent scope for further significant reversion in the office rent. Indeed, rents in the town have now reached the late £20's with very limited new or refurbished stock coming to the market for the foreseeable future. Fully repairing, subject to a Schedule of Condition (the tenant will not be expected to hand back the premises in any better repair and condition than documented within the schedule). The new lease is held outside of the security of tenure and compensation provisions of the 1954 Landlord & Tenant Act. Potential Residential Redevelopment

The exisiting office building has been granted Notification for Prior Approval for a Proposed Change of use from Office Use (Class B1(a)) to Dwellinghouse (Class C3) to create 15 flats. Reference 17/03739/PNOCLA. Full information can be found on the Tunbridge Wells Borough Council website.

Furthermore, the vendor has had a successful pre-application  meeting with the planning authority for the creation of 9 x high quality residential units over 5 floors in a contemporary style.  Please see design principles and artist's impressions provided by Re-Format Architects (Rex Milton/Dan Brunt - 01730 778778).  Positive feedback was received from the council, which is set out in a pre-application statement dated 18th July 2018 ref 18/01970/PAMETT (available on request).

Accommodation

The office building provides the followign approximate floor areas:

|  Floor  |  Sq ft  |  Sq m |
|  Reception  |  160  |  14.86 |
|  Ground floor office  |  2,277  |  211.54 |
|  First floor office  |  3,046  |  282.98 |
|  Second floor office  |  3,046  |  282.98 |
|  Third floor office  |  3,046  |  282.98 |
|  Total  |  9,600  |  891.86 |

The above floor areas have been measured on an NIA basis.

Note: Gross measurements and CAD plans are available on request.

Terms

Offers sought in excess of £4.20 million for the freehold interest subject to income of £140,220 pax rising to £216,000 pax from March 2019. A purchase at this level represents a capital value of £313 per sq ft net for the building and £5.71m per acre for the rear development site.

VAT

The property is elected for VAT and will be applicable to the purchase.

Conservation Area

The site lies within the Tunbridge Wells Conservation area and also falls within the Royal Tunbridge Wells & Southborough local character area which is described as urban.

Further Information

Further information including plans (PDF and CAD), title information, pre-application information etc. can be downloaded from the data room. Access on request. 

 

Dummy description

30 Bank Street provides accommodation on three levels. It is elevated from the main road with steps up to the ground floor entrance door. The ground floor has planning permission to be used as a one bed flat. Plans are available upon request. It consists of 2 rooms to the front of the property with kitchen and wc facilities to the rear. There is a door opening on to the rear garden area where there is an access which leads out on to Union Street. The adjoining property has a pedestrian right of way over that access route. There is an external staircase entrance which gives independent access to the upper floors with a one bedroom flat on each of the first and second floors occupied under assured shorthold tenancies. Planning permission has been granted for an external staircase and reconfiguration of the upper floor flats. Details of which can be provided.

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

Barnes Hospital is a broadly square site that extends to approximately 1.4 hectares (3.5 acres) in total. The site is occupied by buildings that were previously used for
healthcare purposes. The buildings have a total existing Gross Internal Area of 6,654 sq m (71,600 sq ft).

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

The property provides two floors of office accommodation, mainly open plan with a number of cellular offices. There is also a large meeting room on the second floor, a comms room and stores.
The offices themselves are air conditioned with WC’s on each floor and a kitchenette. There is a large car park for a minimum of 14 cars within the 0.17 acre site area.

Alchemy House provides a rare opportunity to acquire a freehold office building which would be of interest to owner occupiers, investors, and those looking to convert the property to residential under permitted development.
There is further scope for redevelopment or extensions of the site subject to planning.
Vacant possession will be granted following completion of legal formalities.

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

The property is a detached industrial unit of steel portal frame construction with 6 vehicle work stations, reception area, mezzanine storage area and kitchen/WC facilities. The unit has a minimum eaves height of 4.4m. Externally there is 12 designated car parking spaces on a total self-contained site area of 0.33 acres (0.133 ha).

The property comprises a spacious double fronted building, formerly occupied by a well established ironmongers business which has been operating for many years. It is situated in a prominent corner site at the junction of Aylesbury Street and George Street. The building is Grade II Listed as a building of Special Architectural Importance and is within a Conservation Area.

Popular location on busy arterial road leading to and from Nuneaton town centre within a parade of other retail units.

Investment Opportunity - Tenanted ground floor retail unit plus tenanted flat above. Rent payable £10,200 p.a. Popular location on busy arterial road leading to and from Nuneaton town centre within a parade of other retail units.

GROUND FLOOR
Retail unit, store, office, rear store/kitchen plus W.C.
FIRST FLOOR
Kitchen, lounge, bedroom, bathroom:

TENANCIES
Ground Floor Retail: Term: 6 years from 2 January 2014
Rent Payable: £6,300 pa
First Floor: Assured Shorthold Tenancy
Term: 6 months from 26 November 2006
Rent Payable: £325 pcm

Accommodation:
Floor Area: 656.59

This is a former industrial unit adapted and occupied for many years as a Retail Furniture Store, which is now closing due to owner’s retirement. The unit is sub-divided into three showrooms at ground floor above which is additional mezzanine space for display or storage. To the front of the unit are administrative offices and toilets.
Externally to one side is a secure yard for delivery or storage and in addition there are 6 x 40 ft storage containers which are secure and alarmed. These can be acquired if required.

Popular location on busy arterial road, leading to and from Nuneaton town centre, within a parade of other retail units.

Investment Opportunity - Tenanted ground floor retail unit plus tenanted flat above. Rent payable £10,900 p.a. Popular location on busy arterial road, leading to and from Nuneaton town centre, within a parade of other retail units.

GROUND FLOOR (approx. 500 sqft) - Retail unit, store, kitchen, W.C.
FIRST FLOOR - Lounge, kitchen, bathroom, bedroom 1

TENURE - Freehold subject to tenancies

TENANCIES
Retail Unit: Term: 3 years from 10 March 2016
Rent Payable: £7,000 pa
First Floor Flat: Assured Shorthold Tenancy
Term: 6 months from 30 August 2018
Rent Payable: £325 pcm

Accommodation:
Floor Area: 500.00