Commercial properties for sale

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

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

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

• 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

Exceptional Development Opportunity

Located within the wider Mindenhurst development which has outline planning permission for 1,200 new homes, primary school, retail outlets, sports facilities, employment space and over 69 hectares of public green space

Parcels C & D have outline planning permission to provide up to 135 residential units and associated commercial floor space

Site area totals approximately 3.55 hectares/8.77 acres

The site will be fully serviced

Unconditional offers invited

Modern detached warehouse/production unit. Prestigious roadside location. Fitted office area. 4,742 m² (51,046 ft²).

Location
Westmead Industrial Estate is an established and successful employment area, well located within the town. Junction 16 of the M4 is approximately 2 miles to the south. The estate benefits from dual carriageway access via Great Western Way (the A3102).

Unit 3 Pagoda holds a prominent roadside location fronting onto Westmead Drive.

Description

Unit 3 Pagoda is a purpose built detached warehouse/production facility with fitted offices at first floor. The unit is situated in a quality landscaped environment. The building is of steel framed lattice beam construction with brickwork and vertical profiled cladding.

Access to the first floor offices is gained via a ground floor reception. The specification includes gas fired central heating, suspended ceilings with integral lighting, carpets and an 8 person lift.

There is on site parking for 100 cars and a loading/circulation yard to the rear.

Eaves 6.7m to underside of roof beam

Floor loading 750lbs per sq ft

4 loading doors with the opportunity of adapting these into dock level subject to the necessary permission

Gas fired heating

8 person passenger lift

Welling, 107-113 Central Road DA16 3BG (London Borough of Bexley)

Existing building with outline planning permission for 7 flats

Formal bids Friday 30th November

- Redevelopment / Refurbishment Opportunity
- Superb location on Sidmouth Seafront
- 125 year lease available
- Offers invited by 12 noon on Monday 4th February 2019

COMMERCIAL DEVELOPMENT LAND
The property comprises vacant land in two sections, which are generally level.The land is covered in grass with mature trees running alongside part of the boundaries, with the remaining boundaries being a mixed of post and wire fencing or open.

LAND OFF MERE SIDE, SOHAM, EAST CAMBRIDGESHIRE CB7 5EBDEVELOPMENT OPPORTUNITY FOR SALE ‘SUBJECT TO PLANNING’
The subject property extends to approximately 7.2 acres (2.91 ha). The site is of an irregular shape wrapping around the existing urban townscape with three access points on Mere Side via Spencer Grove, Prescient Engineering Ltd at 28 Mere Side and station Road on the southern boundary. The site is bounded by semi-detached and detached dwellings along its eastern boundary –along the western boundary is a railway line with a new station proposed adjacent to the property. Land off Mere Side has been allocated within East Cambridgeshire’s local plan as a planned strategic housing location and historically, a portion of the site has received a positive pre-application dialogue with the local planning authority (LPA), as well as a Resolution to Grant planning consent for a development of over 30 dwellings in 2016.

Self-contained open storage siteRedevelopment opportunity subject to planning1.2 Acre Gross Site AreaFrontages to both Wood Land & Lichfield StreetOnly 0.8 miles from A454 (The Keyway) and 2 miles from Junction 10 of M6 The site provides a reasonably level site with multiple accesspoints, one off Lower Lichfield Street, another off Locksmith Close and a third off Wood Street.Extending to approximately 1.2 acres, edged in red on the plan,the site provides open storage or redevelopment opportunitiesclose to the A454 (Keyway and Black Country Route), with frontages to both Wood Street and Lower Lichfield Street.

DEVELOPMENT PLOT FOR SALE - Closing Date - Friday, 14th December @ 12 noon.
The development plot is roughly rectangular shaped and flat with grass covering in the main, although with a section steeply sloping down to the River Kelvin at the rear that is not suitable for development. The plot is accessed from Acre Road. The entire road has been adopted by the local authority. Utilities are available from below the road and pavement.Site AreaGross Area = 2.03 ACRES (0.82 HECTARES)Net Area for development = 1.14 ACRES (0.46 HECTARES)

Freehold for sale with vacant possession.Redevelopment opportunity with potential for residential, subject to planning.Pre-application for 40 residential units totalling 36,813 sq ft GIA.
The property measures approx. 1.27 hectares (3.14 acres) and is currently occupied by three two storey buildings with a total GIA of 1,939 sq m (20,876 sq ft). The property is largely populated by trees which are mainly clustered to the eastern and southern boundaries. The property was most recently used as a care home, built and utilised by the Journalists’ Charity accommodating up to 20 patients at a time. In addition to the care home is Harmsworth House, a purpose-built complex of 8 close-care 1 and 2 bed apartments which shares the site and sits adjacent to Pickering House.

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.

COMMERCIAL DEVELOPMENT LAND
The property comprises vacant land in two sections, which are generally level.The land is covered in grass with mature trees running alongside part of the boundaries, with the remaining boundaries being a mixed of post and wire fencing or open.

LAND OFF MERE SIDE, SOHAM, EAST CAMBRIDGESHIRE CB7 5EBDEVELOPMENT OPPORTUNITY FOR SALE ‘SUBJECT TO PLANNING’
The subject property extends to approximately 7.2 acres (2.91 ha). The site is of an irregular shape wrapping around the existing urban townscape with three access points on Mere Side via Spencer Grove, Prescient Engineering Ltd at 28 Mere Side and station Road on the southern boundary. The site is bounded by semi-detached and detached dwellings along its eastern boundary –along the western boundary is a railway line with a new station proposed adjacent to the property. Land off Mere Side has been allocated within East Cambridgeshire’s local plan as a planned strategic housing location and historically, a portion of the site has received a positive pre-application dialogue with the local planning authority (LPA), as well as a Resolution to Grant planning consent for a development of over 30 dwellings in 2016.

Self-contained open storage siteRedevelopment opportunity subject to planning1.2 Acre Gross Site AreaFrontages to both Wood Land & Lichfield StreetOnly 0.8 miles from A454 (The Keyway) and 2 miles from Junction 10 of M6 The site provides a reasonably level site with multiple accesspoints, one off Lower Lichfield Street, another off Locksmith Close and a third off Wood Street.Extending to approximately 1.2 acres, edged in red on the plan,the site provides open storage or redevelopment opportunitiesclose to the A454 (Keyway and Black Country Route), with frontages to both Wood Street and Lower Lichfield Street.

DEVELOPMENT PLOT FOR SALE - Closing Date - Friday, 14th December @ 12 noon.
The development plot is roughly rectangular shaped and flat with grass covering in the main, although with a section steeply sloping down to the River Kelvin at the rear that is not suitable for development. The plot is accessed from Acre Road. The entire road has been adopted by the local authority. Utilities are available from below the road and pavement.Site AreaGross Area = 2.03 ACRES (0.82 HECTARES)Net Area for development = 1.14 ACRES (0.46 HECTARES)

Freehold for sale with vacant possession.Redevelopment opportunity with potential for residential, subject to planning.Pre-application for 40 residential units totalling 36,813 sq ft GIA.
The property measures approx. 1.27 hectares (3.14 acres) and is currently occupied by three two storey buildings with a total GIA of 1,939 sq m (20,876 sq ft). The property is largely populated by trees which are mainly clustered to the eastern and southern boundaries. The property was most recently used as a care home, built and utilised by the Journalists’ Charity accommodating up to 20 patients at a time. In addition to the care home is Harmsworth House, a purpose-built complex of 8 close-care 1 and 2 bed apartments which shares the site and sits adjacent to Pickering House.

(From Caldes Software. Property Ref: N88176. Nov 19 2018 6:40PM)

(From Caldes Software. Property Ref: N88180. Nov 19 2018 6:25PM)

(From Caldes Software. Property Ref: N88178. Nov 19 2018 6:10PM)

500 Chiswick High Road is located on the north side of Chiswick High Road (A315). The properties are approximately 5 miles from Central London and 10 miles from Heathrow Airport.

Chiswick High Road connects directly to the Chiswick roundabout, which adjoins with the North and South Circulars (A205) and provides good access to the A4 and M4 motorway.

Gunnersbury station is within a short walk of the property, providing both London underground services (District Line) and mainline rail services.

Chiswick Park station (District Line) is also within walking distance.


Each self-contained suite is located on the ground floor of the property known as 500 Chiswick High Road, with upper storeys being residential accommodation, and a Snap Fitness gymnasium at lower ground floor level. Each suite has been fitted-out to a very high standard, providing contemporary space ready for occupation. High quality kitchens, shower facilities, and generous level of WCs are available with each suite. Each has its own front door, set behind landscaped gardens offering good visibility onto Chiswick High Road.

TERMS
A new FRI lease, on each unit, for a term to be agreed, a rent of £42.50 psf. per annum exclusive of all other outgoings.

GUIDE PRICE
The property is available for sale upon a 999 year lease at a peppercorn at the following guide prices: -

Unit 1: £1,250,000
Unit 2: £1,490,000

RATES
To be assessed – further details available from the agents.

All applicants are advised to make their own enquiries through the London Borough of Hounslow billing authority.

USE
B1 and D2 use permitted

EPC
Available from the agents.

VAT
The property has been elected for VAT therefore VAT will be payable on the purchase price, or rent if the properties are leased.

LEGAL COSTS
Each party to bear their own legal costs, although a deposit may be sought upon agreement of terms, which would be refundable upon completion of a sale/letting.

VIEWING
Strictly through prior arrangement with joint sole agents Vokins (Tel: 020 8400 9000) and Frost Meadowcroft (Tel: 020 8748 1200).

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.