Commercial properties for sale

FREEHOLD OFFICE INVESTMENT FOR SALE

10,409 sq ft (967 sqm) NIA
Let on FRI lease expiring 31.12.23 producing £170,000pax.
Tenants option to break in 2021.
Guide price £2.195m reflecting 7.47% NIY.
Contact Hus Djevdet or Michael Deacon-Jackson

• Strategic Land on the edge of Ipswich Borough, 185 acres (75Ha)
• Versatile arable land as investment or vacant possession
• Circa 5 acres of commercial allotments, head lease yielding £3,000 per annum
• Located within indicative routes of proposed Ipswich Northern Bypass
• Guide £2.5 Million

7 x retail units let to multiple tenants including NatWest, producing £141,950 p.a.

12 x existing apartments let on Assured Shorthold Tenancy Agreements

Planning permission for conversion and extension to create 13 x additional apartments

Offers are invited in excess of £3,750,000 for the freehold interest

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

Newmarket industrial unit to let with, offices, car parking and yard. Freehold with vacant possession also available.

The unit is a detached warehouse of steel frame construction and brick/profile clad walls and corrugated roof, with first floor offices, part ground floor offices, with kitchen and staff breakout area, and w.c’s. There is a roller door with access to the yard.

The unit presents well and has good quality partitioning and a good mixture of open plan space and meeting room/office space together with the storage area/warehouse. Parking is good with additional council owned car parking adjacent. The yard permits access from Albion Court in addition to the right hand side of the unit and is of a good size.

The property is available to let on assignment of the existing lease at the passing rent or a new sub lease at a rent of £71,500 per annum. The current lease is a ten year lease from May 2015 and has the benefit of a tenants break clause in May 2020.

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 )

A 1 million sq ft business park offering office, industrial and hotel bespoke opportunities, freehold or leasehold.

A VISION FOR SOUTHEND
A landmark development comprising an area of c. 20.88 hectares, Airport Business Park will be located immediately adjacent to London Southend Airport and just 2.3 miles from the modern passenger terminal building.

Airport Business Park provides a new vision for Southend, supporting the economic prosperity of the local and wider region. It will create employment and deliver a pioneering innovation centre for start-up businesses together with grow on space.

CONNECTIVITY
Airport Business Park will benefit from next generation
connectivity. The site sits adjacent to Europe's fastest growing airport offering direct services to 22 European destinations.

Airport Business Park being located within the Thames Gateway, a national priority area for growth and regeneration allowing in the region of £62m of capital investment funding to be identified within the South East LEP Growth Deal and Economic Plan over the next five years for both the A127 and the immediate vicinity of the park.

Additionally, Southend is well serviced by two mainline stations. Central London can be reached in approximately 53 minutes with direct services to Liverpool Street and
Fenchurch Street.

A VARIETY OF BUSINESS OPPORTUNITIES
Airport Business Park offers a wide range of business uses including:
- Office Schemes
- Industrial Warehousing
- Hotel Facility
- Innovation Centre
( Agency Pilot Software Ref: 8903105 )

• 1,994 sq. ft.
• Lease - 5 years from March 2018, to Panasonic UK
• Rent - £55 per sq. ft. / £109,670 rent per annum
• Price - £1,850,000, subject to contract
• Net initial yield - 5.6%

Yard+and+Buildings+-+Oxford

1 IO Centre was constructed in 2000 and comprise a detached warehouse/industrial building of steel portal frame with steel cladding to external elevations and a clear internal height of 6 meters with concrete floors and a floor loading of 30KN/m2.  There are two electrically operated roller shutter doors of 4m x 5m.

Offices are provided to ground and first floors with central heating and perimeter trunking.  There is a self -contained concrete service yard and 8 car parking spaces.

The property is available on a new lease at a rental of £77,000 per annum exclusive of VAT and other outgoings and subject to contract or for sale on a long leasehold interest which expires on 4 April 3002 at £1,165,000 plus VAT.

Banbury is situated at Junction 11 of the London to Birmingham M40 and the premises are situated on the Wildmere Road Industrial Estate located at Junction 11 of the M40.

LOCATION
The Rusty Axe occupies a prominent position in the centre of the rural village of Stembridge, located approximately 3 miles from Martock, 7 miles northwest of Yeovil and 10 miles northeast of Ilminster.

ASSET
2 storey detached property of brick construction under a thatched roof with colour wash elevations and single storey additions to the rear.

• Main bar/restaurant with games area (54 seating)
• Large rear and second function rooms (60 seating)
• Trade kitchen with prep area
• Ground level beer cellar and storage
• Front and side trade gardens (32 seating)
• 2/3 bedroom owner’s accommodation
• Customer & separate owner’s parking (14 spaces)

Total internal floor area 409.8SQM

A new 15 year lease agreement has been agreed with the current tenant at a starting rent of £25,000 per annum, rising to £29,000 per annum by year 5.

UPLIFT POTENTIAL
The current tenants are in the process of agreeing to a new 15 years lease on an initial 5 year stepped rent basis providing an annual increase in income for the new investor. The tenants have vast experience in operating various pub businesses

Suitable for variety of uses including roadside and leisure.
Prominent road frontage on J28 of A12 near BP, McDonalds & Park & Ride, opposite JobServe Community Stadium, David Lloyd and proposed multiplex cinema and hotel. Sites will be next to major new 76 acre sport and leisure development as well as a major new residential and commercial scheme to the south.

Form of expressions:

In submitting an expressions of interest parties should provide sufficient information that the viability of any proposal can be assessed including potential planned uses and details of funding.
Expressions of interest should be sent to:

Nicholas Reeves
Colchester Amphora Trading
Rowan House
33 Sheepen Road
Colchester
CO3 3WG

or by email to either nicholas.reeves@colchesteramphora.com or jack.conington@colchesteramphora.com

For SalePrime Asset Management OpportunityBest in Class building Prime locationOpportunity to add significant value Flexible accommodation allows multiple occupancy Generous car parking provisionOpen plan accommodation throughout

WITH DETAILED PLANNING CONSENT FOR 166 APARTMENTS AND ANCILLARY COMMERCIAL ACCOMMODATION

PROMINENT DEVELOPMENT SITE OF APPROXIMATELY 0.387 HECTARES (0.956 ACRES)

CURRENTLY LET PRODUCING A RENTAL OF £35,000 PER ANNUM FROM CAR PARK

The property itself comprises an attractive two storey black and white building beneath a variety of pitched tiled roofs and includes a small yard fronting Duke Street which provides an external trading/smoking shelter and also the barrel drop to the cellar. Furthermore, the metal fire escape staircase from the first floor leads down to Duke Street adjoining the yard.

The subject site is brownfield and its topography is relatively level. The site is currently being remediated and will be delivered as a serviced development platform. It is bounded to the north by the River Calder, A6194 (new WERR) to its east, proposed local centre and Doncaster Road to the south and potential additional development land to the west.

• Ladbrokes on ground & first floors plus two flats above

• Income: £42,300 per annum

• Price: £410,000 (9.9% yield)

• No VAT

Centrally located office and workshop with off street parking approximately 0.1 miles from New Milton train station. The site is held freehold.
The property comprises two buildings situated at the front and rear of the site. We understand that the buildings were constructed in circa 1980. The front building comprises brick elevations and flat (assumed) felt bitumen roof. The rear property, also comprises of brick elevations to the front and corrugated sheets to the rear. The roof is part flat (assumed) felt bitumen and part pitched. Both properties have metal framed single glazing.Internally, the front property comprises a cellular office building with a central staircase, WCs and kitchen facilities. The rear property comprises of office accommodation to the front, workshop/storage accommodation to rear and WCs. The office accommodation is similar throughout and of fairly basic specification. The warehouse/workshop accommodation is basic and is in need of modernising throughout. There is a front tarmacadam car park providing approximately 12 car parking spaces. There is a shared access road to the rear

Location

Bagshot benefits from exceptional transport communications, being adjacent to J3 of the M3 motorway and the A30, which connects Bagshot with Camberley to the south and Sunningdale and Ascot to the north. Bagshot rail station provides frequent services to London Waterloo via Ascot and is a short walk away, being approximately 500 metres to the north east of the property. The village has a busy High Street close to the property, offering a selection of retail units, pubs and restaurants.

Description

Knightway House is a prominent self contained town centre office building arranged over ground and two upper floors. In 2015, the ground and first floors underwent a refurbishment program together with a remodeling of the entrance. The specification of the refurbishment works included new air conditioning throughout, new suspended ceilings with LED lighting,new carpeting throughout, new kitchenettes, and refurbished WCs. The second floor has not been refurbished. Following the refurbishment, the building has an EPC rating C.

Areas

Ground Floor - 2,056 sq ft
First Floor - 2,926 sq ft
2nd Floor Suite - 2,972 sq ft
Total NIA - 7,954 sq ft


Terms

Freehold for sale. POA.


Legal Costs

Each party to pay their own legal costs.

VAT

We understand that this property is elected for VAT. All figures quoted are exclusive of VAT.

The property comprises a pair of semi-detached cottages known as 1 & 2 Gainsmarsh Farm.

1 Gainsmarsh Farm (closest to the A372) comprises:

Kitchen/dining room, living room, three bedrooms, bathroom and separate WC. The property has double glazing. The property requires improvement and modernisation.

2 Gainsmarsh Farm has been unoccupied for a number of years and is not capable of occupation.

Comprehensive modernisation and improvement is required throughout the property. The internal layout comprises: four ground floor rooms and staircase leading to three rooms on the first floor.

To the side of the property there is a car parking area and garden
extending to approximately 0.2 acres (0.08 hectares).

To the rear of the property there is a parcel of land extending to approximately 3.9 acres (1.5 hectares) which can be accessed from Gainesmarsh Lane.

Close to Loughborough town centre
Area undergoing considerable development
Popular student locality
Vacant ground floor A2 retail unit
Two, first floor, one bed flats producing 10,800 per annum
Investment opportunity

*Steel frame warehouse/industrial unit with offices
*Steel roller shutter door approx. 3 m x 4.2 m
*Separate personnel door
*Full height to approx. one half of the unit with eaves of approx. 5.2 m eaves (4.2 m minimum to haunch)
*Well fitted first floor offices with suspended ceiling, concealed lighting
*Partitioned individual offices together with kitchen area
*WC facilities to the ground floor
*Parking for approx. 6/7 vehicles

( Agency Pilot Software Ref: 2436 )

Freehold: £700,000  Leasehold: £50,000 Per Annum A refurbished steel portal framed warehouse building with brick & clad elevations. The unit has access via a roller shutter and separate personal doors and has good height to 4m with 7m in the eaves. The main unit has a painted floor and there are 2 w.c's and an tea point area. The access and external space is excellent and is enclosed by a gated palisade fence. Location: The Trading Estate is located on Paycocke Road, off the A132 , close to the intersection with the A127 Southend Arterial Road, with access to the A13 into the city.

Former Durham Hotel redeveloped into 6 apartments & VP ground floor unit.
Asset management opportunity.
Ground floor under offer at £20,4000 pax.
( Agency Pilot Software Ref: 4127 )