Commercial properties for sale

Prominent period building with planning permission for retail, office and residential development.

The property comprises a four storey building plus basement. The ground and basement levels are in retail (A1) use; the first and second floors consist of B1 floorspace (which is currently partly occupied); and the third floor is residential (vacant).
Planning permission has been granted for rear extensions to create enlarged retail space at basement and ground floor, retention of existing office space at first and second floors, and three flats arranged over first to third floors (2 x 1 bed flats and 1 x 2 bed flat).

The consented accommodation comprises 2,993sqft GIA of retail, 1,636sqft GIA of office accommodation, and 2,077sqft NSA of residential accommodation.

The freehold interest is available with vacant possession.

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

• Exceptional residential development opportunity in a sought after residential location
• Development partner is sought to facilitate the delivery of a residential scheme and high quality sustainable community within a large scale, mixed use development
• Outline planning permission for up to 400 dwellings
• Gross residential development area extends to approximately 32.9 acres (13.3 hectares)
• Expressions of interest should be submitted to Knight Frank LLP by 7 September 2018

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 )

15,224 sq ft (GIA) Approx.

Very close to J22 M25

Gated Yard

RESIDENTIAL DEVELOPMENT OPPORTUNITY
Subject to planning

RISELEY, BEDFORDSHIRE
Former School on 0.83acre site
Closing date for receipt of offers: 14 September 2018

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

• 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

Well Let Industrial Investment Opportunity

Location

Stoke-on-Trent is strategically located in the heart of the UK, 44 miles south of Manchester, 45 miles north of Birmingham and 35 miles west of Derby. With a population in excess of 250,000 Stoke is both a regional hub and the principal city within the North Midlands. The region is home to a number of multinational companies including JCB, Bet 365, Amazon, Jaguar Land Rover, Michelin and Alstom Grid. The strength of the region’s industrial sector is exemplified by JCB’s decision to create a further 2,500 jobs in Staffordshire, whilst Jaguar Land Rover have recently gained planning consent for a new £40m car storage depot. Stoke-on-Trent’s long history of industrial manufacturing continues to the present day, with 27% of the workforce employed in manufacturing and elementary occupations. This is considerably higher than the UK average of 17%. Businesses looking to relocate to the region are also attracted by the competitive wage costs which are 14% lower than the UK average.

The surrounding area comprises a mix of industrial and trade counter accommodation, where surrounding occupiers include: B&Q, Jewson and CAEM UK. The area is complimented by a strong retail offering via the adjacent Freeport Talke Retail Park where tenants include GAP, Nike, Holland & Barrett, Costa Coffee and Marks & Spencer.

• Unit 4 - Comprises a detached 2-bay industrial warehouse unit of steel portal frame construction, extending to 5,064 sq m (54,506 sq ft), with secure yard areas off the north and south elevations. The property benefits from 6.7m eaves, 5 dock loading doors, 3 roller-shutter access doors, a large loading canopy, tenant installed mezzanine, gas blower heating and strip lighting. The property benefits from two-storey office accommodation and male and female WC’s, The tenant, National Veterinary Services Limited, is also in occupation of Unit 3 (which lies adjacent to Unit 4 but does not form part of this sale). NVSL operate a shared yard and security cabin on the northern yard, between their two units.

• The properties benefit from excellent road communications having close proximity to the A34, A500 and M6 Motorway 

• Jamage Industrial Estate is situated within a well established industrial area 

• The investment comprises 2 industrial units extending to 109,320 sq ft overall

• Unit 2 extends to 54,814 sq ft on a site of 2.90 acres 

• Unit 4 extends to 54,506 sq ft on a site of 2.86 acres 

• Unit 2 is occupied by Service Metals (Midlands) Ltd, at a rent of £177,079 per annum (£3.23 per sq ft) 

• Unit 4 is occupied by National Veterinary Services Ltd, at a rent of £226,446 per annum (£4.15 per sq ft) 

• Extremely favourable Average Weighted Unexpired Lease Term of 9.00 years to expiry and break

• Both tenants provide excellent covenant strength – reflecting minimum risk of business failure 

• Freehold / Virtual Freehold

Development Land 2.73 acres (1,105 ha) net approx. The land can be split into two separate plots C1 - 1.10 acres and C2 - 1.63 acres. The sites are available on a long leasehold basis (CYM433008 and CYM433010 expiring in 2133, with a fixed ground rent of GBP 250 per annum. Guide price GBP 100,000 per acre. Close to Junctions 44 and 45 of the M4 Motorway. Land situated within established business park.



(From Caldes Software. Property Ref: N89438. Sep 20 2018 9:25PM)

Out of town development land. 1.76 acres (0.71 hectares) - 3.35 acres (1.36 hectares) We are quoting the following per plot: Plot C1 GBP 250,000 exclusive Plot C2 GBP 300,000 exclusive Plot C3 GBP 200,000 exclusive Three parcels of land fronting Llantarnam Park Way and Lakeside on the established Llantarnam Business Park.



(From Caldes Software. Property Ref: N81749. Sep 20 2018 9:10PM)

Residential Development Site - Offers Invited. Approximately 8 acres (3.24 hectares) The site has the benefit of an outline planning permission for development of 77 dwellings and a technical pack is available upon request. CIL (Community Infrastructure Levy) does not apply to this site. Offers Invited.



(From Caldes Software. Property Ref: N78605. Sep 20 2018 8:55PM)

Grade A offices strategically and prominently located at the gateway to South Wales at Junction 23A of the M4 Motorway. From 1,690 sq ft (157.0 sq m) to 3,520 sq ft (327.0 sq m) We are quoting rents from GBP 15.50 psf per annum for a standard fully repairing lease. Freehold price is based on GBP 150 psf. A service charge will be levied to cater for the maintenance and repair of common parts and will be GBP 1.50 per sq ft per annum excluding utilities.



(From Caldes Software. Property Ref: N78856. Sep 20 2018 7:39PM)

• 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

• 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

Freehold Shop Investment Let to Ladbrokes Ltd on a Lease Expiring 2021.
Comprises a Betting Shop on the Ground Floor.
Current Rent Reserved £14,500 per annum
Tenure: Freehold

LOCATION Spennymoor has a population of approximately 20,000 and is located some 10 miles south of Durham and 15 miles north of Darlington. The town is served by the A68A which provides access to the A1(M) at Junction 61, some 4 miles to the east. The High Street provides the main shopping for the town and the property is located close to the Wetherspoon and directly opposite the Brewers Arms.

DESCRIPTION The property comprises a single storey commercial premises extending to 205 sq. m (2,206 sq. ft).

TENANCY The entire property is let to Ladbrokes Betting & Gaming Ltd for a term of 10 years from 23/09/2011 at a current rent of £14,500 per annum exclusive of rates. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants.

VAT is applicable to this property.

GUIDE PRICE We are instructed to seek offers of £185,000 freehold, subject to contract and a commercial lease to Ladbrokes Betting & Gaming Ltd, producing a rental income of £14,500 per annum. A purchase at £185,000 would reflect a gross initial yield of 7.84%.

LEGAL COSTS Each party to bear their own legal costs in connection with this transaction.

ENERGY PERFORMANCE CERTIFICATE - EPC available upon request.

VIEWING Strictly by prior appointment with the sole agents Nicholas Percival Chartered Surveyors on 01206 563222 or info@nicholaspercival.co.uk
FAO: Tom Noble

LOCATION & DESCRIPTION
Romsey is an attractive market town in the Test Valley hosting a number of prime retailers such as
Waitrose, Bradbeers Department Store, Boots, Martins, M & Co, Costa, Caffe Nero etc to name but a
few.
The property itself comprises a three storey Grade 2 Listed Building with a retail unit on the ground
floor and retail/ancillary accommodation on the first and second floors. The property is well fitted out for
its current use and a side passageway gives rear access to this property and number of others.
Given the tenants position the property may be of interest to investors, and owner/occupiers seeking
the representation in the Town Centre offered by this rare opportunity.
ACCOMMODATION
Ground floor retail unit with modern shopfront
Internal width 12’ 8”
Initial shop depth 21’ 2”
Plus rear area
Net Sales 261 sq ft
First Floor – 2 rooms and waiting area 206 sq ft
WC
Second Floor – 2 rooms 204 sq ft
Total Net Area 721 sq ft
TENANT
The entire property is currently let to Boots Opticians, on a lease expiring 31st March 2019 at a passing
rent of £9450 pa exclusive of rates. Further details on the tenants position are available on request.
PRICE
The freehold is for sale subject to the subsisting lease at a price of £195,000. There is no VAT
applicable
EPC: Not required for a listed building.
RATES RV £8900

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

International Business Park is located on the eastern side of Charfleets Road. The estate is well located with good links to the A13 and A130 which then lead to the M25. The estate is surrounded by many well-known names and many good quality independent businesses.

The premises is situated at the rear of the industrial estate and is detached.
The unit internally is mainly open plan with office area and two w/c’s. There are two up and over loading doors.
Stairs to a mezzanine floor. (The tenants have installed their own mezzanine floor of approx. 914 sq.ft – this is a tenant fixture and fitting)

St Andrews House is a 9,116 sq ft detached two-storey open-plan configured office building constructed in 2003 with air conditioning, WC's on each floor, lift, raised floors and 40 car parking spaces. Freehold tenure subject to an estate service charge. Let to LeadStream (UK) Limited 09236407 https://leadstream.co.uk/. Full repairing and insuring lease subject to Schedule of Condition. 10 years expiring 1 January 2028 with a rent review and tenant's break option 25 December 2023. Rent GBP 135,000 pax (to be topped up by vendor following incentive period). Link to video: https://storage.googleapis.com/hdl-vaw-2015-live/app/video/St_Andrews_Aerial.mp4 https://storage.googleapis.com/hdl-vaw-2015-live/app/video/St_Andrews_Interior.mp4



(From Caldes Software. Property Ref: N1340. Sep 20 2018 5:06PM)

Freehold retail investment producing £35,000 per annum, prime High Street location next to Primark, Let to Signet Jewellers Ltd trading as H Samuel, price reflects net initial yields of 7.45%

The property provides a self-contained retail unit arranged over ground, first and second floor levels, providing ground floor retail areas, with ancillary staff and storage accommodation on the upper floors.

EPC Rating: D90

LOCATION
Scunthorpe has a population of circa 76,000 and is located approximately 30 miles south west of Hull and 21 miles east of Doncaster. The town is located at the junction of the A1077 and the A159, 5 miles north of the M180, which links to the M18 at J5, 16 miles to the west of the Town Centre.

The property is situated in a prime location on the High Street, the town’s principal retailing thoroughfare.

The property sits adjacent to Primark, with other nearby occupiers including Sports Direct, Topman, Ernest Jones Jewellers, Superdrug, WH Smith, New Look, B&M Bargains and Poundland.

COVENANTS
Signet Jewellers Limited are the worlds largest retailer of diamond jewellery with over 3,600 stores globally.

In the UK the company trades under the brands H Samuel and Ernest Jones and has 510 stores.

TENANCY
The property is let to Signet Jewellers Limited trading as H Samuel on a 5 year reversionary lease expiring on the 18th November 2026 with a current passing rent of £35,000 per annum.

The lease is drawn on Full Repairing and Insuring terms.

PROPOSAL
The Freehold interest in the property is available at a price of £450,000

A purchase at this price reflects a Net Initial Yield after standard acquisition costs of 7.45%

VAT may be payable in addition to the purchase price.

However the Vendors will consider a sale of the property by way of a TOGC.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.

VIEWING
To view the premises and for any additional information please contact the joint agents.

PUDSEY

Pudsey is a Market Town in West Yorkshire. Originally independent, it was incorporated into the City of Leeds Metropolitan Borough in 1974 and is located mid-way between Bradford and Leeds. Historically, in the West Riding of Yorkshire, it has a population of 22,408. The town was famous in the 18th and 19th Centuries for wool manufacture and from the 19th Century for cricket – Yorkshire and England cricketer Sir Len Hutton, Herbert Sutcliffe, Ray Illingworth and Matthew Hoggard all learnt to play in Pudsey!

The town benefits from a small railway station known as New Pudsey Railway Station and is on the main line between Leeds and Bradford Interchange, one of the major commuter routes in West Yorkshire.

LOCATION

The property occupies a central location, towards the eastern end of Lowtown, being close to its junction with Lidget Hill and at the junction with Manor House Street, which links from Lowtown to Robin Lane.

The parade is well positioned, close to a number of major occupiers including World Choice, Altons and virtually opposite the Wetherby Whaler. There are a large number of local occupiers nearby, restaurants and A5 take-aways. In the immediate vicinity is Bojangles Bar, The Pudsey Liberal Club, Funky Shake, Cuccina Pizzeria and The Pudsey Tavern. Pudsey Town Hall is approximately 50 yards to the east.

DESCRIPTION

The property comprises 4 x retail units, let predominantly to local occupiers but including a unit occupied by Scope with a new 10 year lease in place (break at year 5). Occupiers also include a florist, shoe repairer and a sandwich shop (now closed).

TENANCIES / RENTAL INCOME

The 4 retail units provide a total net income of £41,500 per annum. Unit 3 Lowtown is shortly to become vacant however, strong letting interest has been identified and we anticipate that this tenant will be replaced at the end of their lease in December (if not before) by a new tenant at the current passing rental.

A Schedule of Tenancies is attached. Further information available upon request.

RATING ASSESSMENT

Each of the units are assessed for Uniform Business Rates as follows:-

Address: 1 Lowtown, Pudsey, LS28 7BQ
Description: Shop & Premises
Rateable Value: £4,700

Address: 3 Lowtown, Pudsey, LS28 7BQ
Description: Shop & Premises
Rateable Value: £5,800

Address: 5 Lowtown, Pudsey, LS28 7BQ
Description: Shop & Premises
Rateable Value: £6,200

Address: 7 Lowtown, Pudsey, LS28 7BQ
Description: Shop & Premises
Rateable Value: £18,500

The Uniform Business Rate for 2018/2019 is 49.3 pence in the £.

PRICE

Offers are invited in excess of £500,000 for the freehold interest subject to the occupational leases. Subject to Contract.

VAT

The property is understood not to be subject to VAT and, VAT will not be chargeable upon the purchase price

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in the transaction.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Ratings for each property are:-

3 Lowtown – F – 135

Additional Energy Performance Certificates in relation to the remaining properties are commissioned.

PUDSEY

Pudsey is a Market Town in West Yorkshire. Originally independent, it was incorporated into the City of Leeds Metropolitan Borough in 1974 and is located mid-way between Bradford and Leeds. Historically, in the West Riding of Yorkshire, it has a population of 22,408. The town was famous in the 18th and 19th Centuries for wool manufacture and from the 19th Century for cricket – Yorkshire and England cricketer Sir Len Hutton, Herbert Sutcliffe, Ray Illingworth and Matthew Hoggard all learnt to play in Pudsey!

The town benefits from a small railway station known as New Pudsey Railway Station and is on the main line between Leeds and Bradford Interchange, one of the major commuter routes in West Yorkshire.


LOCATION

The property occupies an established retail location, fronting onto Lidget Hill, close to its junction with Church Lane/Lowtown and Robin Lane at the centre of Pudsey.

The main retail area is centred around this crossroads, being close to Pudsey Town Hall and nearby occupiers include National Westminster Bank Plc, HSBC Bank Plc, Yorkshire Bank etc. Nearby on Lidget Hill are Santander, Bloom Hearing Specialists, Co-operative Funeral Care, Specsavers and Ison Harrison Solicitors.

To the rear of the property is one of the major town centre car parks and further car parking is available on Lidget Hill.

DESCRIPTION

The property comprises a 2-storey block of retail and office units, situated in an excellent town centre location. The ground floor comprises a total of 6 retail units, incorporating tenants such as Yorkshire Building Society, St Gemma’s Hospice, Coral Racing and TCCT Retail Ltd. (Thomas Cook). Coral Racing have sub-let part of their unit to TUI Travel Agents.

The first floor is predominantly divided into two office areas, predominantly occupied by Broadhead Peel & Rhodes trading as BPR Heaton Accountants. The remaining upper floors being occupied with ground floor units.

TENANCIES / RENTAL INCOME

The property is currently let on 6 full repairing and insuring leases by way of service charge recovery, producing a total net rental income of £156,940 per annum. The income is well secured on a number of strong covenants, the vast majority of whom have been in occupation for a considerable period of time. Broadhead Peel & Rhodes are currently “holding over” pending the completion of a new lease agreement.

A Schedule of Tenancies is attached. Further information available upon request.

RATING ASSESSMENT

Each of the units are assessed for Uniform Business Rates as follows:-

Address: 19 Lidget Hill, Pudsey, LS28 7LG
Description: Shop, Office & Premises
Rateable Value: £19,000

Address: 21/23 Lidget Hill, Pudsey, LS28 7LG
Description: Bank & Premises
Rateable Value: £26,250

Address: 25 Lidget Hill, Pudsey, LS28 7LG
Description: Shop & Premises
Rateable Value: £14,000

Address: 27 Lidget Hill, Pudsey, LS28 7LG
Description: Shop & Premises
Rateable Value: £10,750

Address: 27A Lidget Hill, Pudsey, LS28 7LG
Description: Offices & Premises
Rateable Value: £24,750

Address: 29 Lidget Hill, Pudsey, LS28 7LG
Description: Shop & Premises
Rateable Value: £14,500

Address: 31 Lidget Hill, Pudsey, LS28 7LG
Description: Shop & Premises
Rateable Value: £11,250

The Uniform Business Rate for 2018/2019 is 49.3 pence in the £.

PRICE

Offers are invited in excess of £1,970,000 for the freehold interest subject to the occupational leases, reflecting a net initial yield in the region of 7.5% after usual purchasers costs. Subject To Contract.

VAT

VAT will not be chargeable on the sale.

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in the transaction.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Ratings for each property are:-

19 Lidget Hill – E – 123
21 Lidget Hill – C – 66
23 Lidget Hill – C – 55

Additional Energy Performance Certificates in relation to the remaining properties are commissioned.

Freehold retail investment producing £45,000 per annum, prime High Street location next to Primark, Let to Betfred until January 2021, offers are invited over £400,000, price reflects net initial yield of 10.80%

The property provides a self-contained retail unit arranged over ground, first and second floor levels, providing ground floor retail areas, with ancillary staff and storage accommodation on the upper floors.

EPC Rating: D80

LOCATION
Scunthorpe has a population of circa 76,000 and is located approximately 30 miles south west of Hull and 21 miles east of Doncaster.

The town is located at the junction of the A1077 and the A159, 5 miles north of the M180, which links to the M18 at J5, 16 miles to the west of the Town Centre.

The property is situated in a prime location on the High Street, the town’s principal retailing thoroughfare.

The property sits adjacent to Primark, with other nearby occupiers including Sports Direct, Topman, Ernest Jones Jewellers, Superdrug, WH Smith, New Look, B&M Bargains and Poundland.

COVENANT
The Betfred Group Limited operate from nearly 1,700 shops in the UK and generated a turnover for the year ending 24/09/2017 of £634,474,000.

The company have a Creditsafe rating of 79/100.

TENANCY
The property is let to Betfred on a lease expiring on the 10th January 2021.

The current passing rent is £45,000 per annum.

The lease is drawn on Full Repairing and Insuring terms.

PROPOSAL
Offers in excess of £400,000 are invited for the Freehold interest in the property.

A purchase at this price reflects a Net Initial Yield after standard acquisition costs of 10.80%.

VAT may be payable in addition to the purchase price.

However the Vendors will consider a sale of the property by way of a TOGC.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.

VIEWING
To view the premises and for any additional information please contact the joint agents.