Commercial properties for sale

FREEHOLD CITY CENTRE OFFICE BUILDING WITH DEVELOPMENT POTENTIAL

94,120 sq ft GIA
Total of 107,812 sq ft GIA Proposed STPP

• PDR approval for conversion to residential
• Planning approval awaited for additional storey providing an additional 13,692 sq ft GIA
• Suitable for residential, student accomodation or hotel use (STPP)

Conversion/ refurbishment opportunity
Planning permission granted for 4 units
Located close to North Finchley
Available with vacant possession
Offers in excess £1m STC

FOR SALE / TO LET

Contemporary Office Building
51,355 sq ft (4,771 sq m)
with over 500 parking spaces.
Close to J6 M53

Potential uses:
- Hotel Complex
- Educational Facility
- Health / Fitness Centre
- Call Centre / Outsourcing Location
- Serviced / Co Working Offices
- Medical / Hospital Facility

The property comprises a single storey building constructed of brick, clad in profiled metal. The property includes main retail area, WC's, office/storeroom and kitchen area. The property has its own off-road parking to the front and side, with parking for approximately 8-10 cars.
( Agency Pilot Software Ref: 2632 )

FOR SALE FREEHOLD
(due to planned relocation)
Whole or in parts.

Pepper Street, Chester CH3 7AB

• D1 existing use consent
• Of interest to:
Schools, Places of Worship, Education/Training Centres, Clinics/Health Centres
Crèches, Day Nurseries, Museums/Exhibition Halls
• 50,000 sq ft (4,645 m²) existing buildings
• 12.7 acres (5.14 ha) site area including large car park and open space
• 2 miles east of City Centre in attractive semi-rural area of Christleton village
• Good regional transport connections

The 7 self-contained studios are arranged over ground and two upper floors.
The property is a 6 minute walk from Chalk Farm Underground station (Northern line, Zone 2) and a 4 minute walk from Kentish Town West Overground station.
The 7 studio are fully let on AST’s, with a passing rent of £97,552.00pa reflecting a gross yield of 6% at a purchase price of £1,625,000
The property is available freehold subject to the existing tenancies.
The 7 Studios are HMO compliant and licenced

Exeter
Prominent City Centre Development Site
For Sale

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.

Single-Let Industrial Investment Opportunity - The property consists of a mid-terrace, single-bay industrial unit measuring 3,519 sq ft of steel portal frame construction with profile steel cladding to the side elevations and pitched roof. The unit lends itself to be subdivided to provide bays from circa 720 sq ft upwards, offering additional letting robustness.

There are three roller-shutter doors offering good access to the workshop areas with desirable height of 4.5 metres to the minimum eaves rising to 7 metres.

The ownership includes the external car parking / yard area, providing a total site area of 0.17 acre.

Tenancy & Investment Considerations:

The property is single-let to Mason’s Auto Repairs Ltd who are well-established and have been in occupation since 2007.

Occupation is on the basis of a Full Repairing and Insuring lease expiring on the 29th March 2027, offering 8.5 years of secured income, with rent reviews on the 30th March 2019, 2022 and 2025.

The current rental income is £20,000 per annum (£5.68 psf), offering strong prospects for rental growth.

The long year term certain offers a readily available income stream requiring minimal asset management. There are longer-term redevelopment angles, subject to planning, given that the unit is located opposite the new Ysgol Glan Morfa primary school.

7 Wenlock Road is located within a modern and popular mixed use development on the north side of City Road. The property is within the Old Street district, with Old Street Roundabout to the east and Angel within a 5/10-minute walk. The area is very well served by numerous cafés, bars, restaurants and hotels.

Excellent natural light

Meeting room

Kitchenette

Passenger lift

Raised floor

The Temperance occupies a prominent position fronting Fulham High Street in a mixed use residential and commercial area. The property is adjacent to All Saints Church, directly opposite the Kings Arms pub (Wadworth) and a short walk from Craven Cottage, the home of Fulham Football Club, the Hurlington Members Club, Fulham Palace and the Golden Lion pub (Mitchells and Butlers).

An opportunity to acquire a long leasehold commercial investment in a busy parade of shops close by to Eltham Town Centre and Eltham Railway Station. The property is offered to market let on a fully repairing and insuring lease agreement for a further 2 years (expiry August 2020) for an annual rent of £10,000 per annum with a £2,400 deposit held by the sellers. The expected market rental value of this unit is £13,000 per annum.

The site extends to 1.81 acres (0.73 ha), is brownfield in nature and is currently undeveloped. It is roughly rectangular in shape and is relatively flat. The land is bounded by adjacent properties to the south and north, Lairds Entry to the east and George Street and the River Esk to the west.

• Total passing rent £32,500 per annum, exc.
• Effectively FRI lease terms, via service charge
• WAULT: 5.75 years (approximately)
• Ground floor: Veterinary practice
◦ Let to Westway Veterinary Centres Ltd (07177168)
• First floor: Carpet showroom
◦ Let to 2 individuals & recently renewed lease
• On busy road opposite Bus Station and public car park
• Guide price: £360,000 (net initial yield: 8.69%)

The property was most recently utilised as a bank and extends over basement, ground, first, second and third floors. The property benefits from a car park to the rear. Nearby occupiers include Pizza Express, Savers, KFC and Marks and Spencers.

- Car park to the rear
- Nearby occupiers include Pizza Express, Savers, KFC and Marks and Spencer
- The premises benefit from planning consent for A2 use
- Offers in excess of £ 225,000

Retail/office premises situated at the top of the High Street in popular market town of Maldon, with nearby occupiers including Marks and Spencer’s, Costa Coffee and W H Smith’s.

The premises comprise a front sales office, back office with stairs leading to first floor office/storage area., w/c facilities and rear pedestrian access.

A consented residential development opportunity consisting of 325 residential units and 1,514 sq m (16,296 sq ft) GIA of commercial floorspace (Use Class A1/A3).

Location

Eye is a small market town in mid Suffolk located approximately 22 miles north of Ipswich and 5 miles south of Diss. It is well located to other centres including Norwich, Bury St Edmunds and Thetford.

Eye is served by a primary school, high school, church, town hall, health care centre, police and fire station, public house and supermarket, as well as several shops and other businesses.

The village has a number of period properties within it and has its own conservation area, which the subject property sits within.

Ipswich 40 mins (22 miles)
Diss 15 minutes (5 miles)
Norwich 55 mins (26 miles)
Bury St Edmunds 40 mins (23 miles)

Description

Eye Library is currently located at the centre of the town on Buckshorn Lane and will be relocated to Cross Street in January 2019 freeing up the current site for development. Buckshorn Lane is a pretty lane with several period residential properties along it, including one either side of the subject site. The site is excellently located being tucked away and only a short walk to the town centre.

Full planning permission has been granted (ref: DC/18/02097). Full application details are available on request or can be viewed on Mid Suffolk's Planning portal.

Each dwelling will consist of a 2 Bedroom cottage with a gross internal area of 83m2 (893sq ft)

Total-166m2 (1,786sq ft)

The site is currently home to a 1970's single storey public building of brick construction with a flat roof.

A CIL credit has been applied to the planning permission for the existing building.

Services

We understand the site is connected to mains services including electric, water and foul sewerage.

Access

Each building plot fronts onto Buckshorn Lane and will provide 2 parking spaces per cottage.

Tenure

The property is for sale freehold with vacant possession. The existing library occupier will be vacating the site at the end of January 2019.

Rights of Way, Easements & Wayleaves

The property will be sold with the benefit of and subject to all rights of way, easements and wayleaves.

Boundaries

The site is enclosed by a close-boarded fence on three sides.

EPC

Not applicable

Rates

We believe the property is currently assessed for Business Rates.

Interested parties should make their own enquiries with the Business Rates team at Mid Suffolk

Guide Price

Offers are invited in the region of £220,000.

VAT

VAT will not be chargeable on the purchase price.

We are currently marketing a really unique opportunity in Exmouth Market – the first time on the market in almost 20 years. Coffee, bagels, music (and cocktails) is the theme of a small, well established and iconic fixture of the Exmouth Market scene with A1 food use and a Premises Licence so the venue can change from a coffee and bagel bar during the day to a cool hangout for drinks and food in the evening.

10 covers inside, seating at the front and a 20 seat courtyard at the back. Affordable rent and 2 years left on the lease – inside the L&T Act so it’s renewable

The site extends to circa 1.1 hectares (2.7
acres) and comprises relatively flat managed
agricultural land which is rectangular in
shape. The site is bounded by Aldermaston
Road to the north east, residential properties
to the south and north and open agricultural
land to the west. Beyond Aldermaston Road
lies Elm Park Garden Centre.

Outline planning permission was achieved
on the 25th May 2016 for ‘the erection
of up to 12 dwellings together with the
creation of a new vehicle and pedestrian
access to the A340’ (15/03029/OUT).

Unit B1 is a semi-detached, Industrial/warehouse unit with offices at both ground and first floor level.

AMENITIES
 Clear internal height 7.1m
 Floor loading 37.5 kn/sq m
 Electrically operated loading door
 Feature reception
 Double glazed windows
 Category II lighting
 Carpeting
 Gas fired central heating
 Raised floors with perimeter trunking

TENURE
The property is let on a 5 year lease to expire 31.12.2019 at a rent of £120,000 pax plus VAT to Rainbo Supplies and Services Limited, Company Number 02965851.

PRICE
£2,200,000 plus VAT which reflects a net initial yield of 5.11% assuming standard
purchasers costs.

Site Context
The property benefitted from an outline planning consent application No11/0659/OUT to demolish the existing structures and erect an Eco hotel, Eco housing and mixed residential / business units prepared by architects John Halton Design Limited, further information of which can be provided on request.
Notwithstanding the above and its existing use, the site is suitable for a variety of alternative uses, subject to planning permission.
Preliminary discussions with North Kesteven District Council would indicate that they are supportive in bringing forward the site for complimentary uses to the neighbouring occupiers and potentially exploring the possibility of providing additional off site car parking.

The premises occupies a prime position on Fleet Street, a short distance from City Thameslink Train Station. Nearby retailers include Vital Ingredient, Robert Dyas, O2, Holland & Barrett, McDonalds, Wasabi and Paul.

The property is arranged over ground and basement levels.

Rent upon application.

The property comprises two industrial/’warehouse units of steelframe construction with part brick and blockwork elevations and part profile steel clad walls and roof.

Unit 1 has been partially fitted out with offices to provide a reception and two offices, all with fitted carpets, strip lighting and night storage heating. Behind there is a workshop/storage area with double loading doors and a cloakroom.

Unit 2 is an open workshop/warehouse unit with an up and over shutter door and cloakroom.

The units have a minimum eaves height of 11 ft (3.35 m).