Commercial properties for sale

PRIME SOUTH EAST MULTI-LET INDUSTRIAL ESTATE

- 19,420 sq ft (GIA)

- Freehold

- Fully let to 6 tenants

- Passing rent of £180,662 p.a

- Low average passing rent of £9.30 psf

- WAULT – 5.8 years to expiry / 3.8 to break

- 50% of contracted rent let to 5A1 covenants

- Offers in excess of £3,200,000 (5.30% NIY)

15,224 sq ft (GIA) Approx.

Very close to J22 M25

Gated Yard

• 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

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

• 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

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

RESIDENTIAL DEVELOPMENT OPPORTUNITY
Subject to planning

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

Approx 4654 SqM (50,000Sq Ft) on 0.73 ha (1.8 acres)
Prominent seafront Location

- Suitable for refurbishment/development (STP)
- Scope for leisure/residential
- Freehold

Attractive office space, fitted out to a high standard to include WC, Kitchenette, partitioned meeting room and open plan first floor office. The property also benefits from CAT 2 lighting, data trunking, carpets and alarm as well as car parking for two vehicles.

The property is for sale freehold with full vacant possession.

NIA: Ground Floor 19.33 Sq M (208.04 Sq Ft) - First Floor 31.52 Sq M (339.25 Sq Ft)

EPC: tbc

Greenfield Development Land Existing consent for 10 private detached houses in a popular village location



(From Caldes Software. Property Ref: N75546. Oct 15 2018 6:23PM)

Modern three-storey office building, amounting to 39,375 sq ft.

Securely let to the The Secretary of State for Communities and Local Government on a FRI lease expiring 01 February 2024, subject to a - George Stephenson House was built in 2000 and comprises a modern three storey office building of steel frame construction with brick clad elevations under a pitched tile roof.

The building has the following internal specification:
• Open plan office accommodation
• Floor to ceiling height of 2.676m
• Suspended ceilings
• Category II lighting
• Air conditioning throughout
• 2 x 8 person passenger lifts serving all floors
• WCs and shower facilities on all floors

In addition to the office accommodation the building provides car parking of 167 spaces giving a ratio of 1:236 /ft².

The property is fully let to The First Secretary of State on a 20 year FRI lease from 02 February 2004, expiring 02 February 2024, subject to a tenant only break option in 02 April 2021.

The passing rent is £720,000 per annum, is scheduled for a fixed uplift to £790,000 per annum in 02 February 2019, which the vendor will top up.

The topped up rent of £790,000 per annum, equates to £20.06 /ft².

Prime Cardiff city centre retail and leisure investment opportunity.

Cardiff is expected to grow it’s population by 26% over the next 20 years, faster than any other city in the UK. - The property comprises an attractive Grade II Listed building on a prominent corner site that sits adjacent to one of the primary entrances to St David’s 2 Shopping entre in the heart of Cardiff city centre’s retail and restaurant offer. The property is of steel frame with stonework elevations under flat and pitched tiled roofs.

The accommodation is laid out over basement, ground/mezzanine, first and second floors comprising approximately 29,599 sq. ft in total.

Internally, the first floor offers an attractive, well-let, predominantly open plan unit with high ceilings. The basement benefits from a dedicated entrance directly off The Hayes, leading to an open plan unit with good floor to ceiling height. The property has goods lift access to all floors, a DDA compliant lift providing access to the asement and a passenger lift to the first floor.

Nearby occupiers include retailers John Lewis, House of Fraser, TK Maxx, Hugo Boss, All Saints, Fred Perry, Joules, Urban Outfitters and restaurants including Wahaca, Bills, Carluccios, Wagamama and Gourmet Burger Kitchen. The Ivy is also opening its new restaurant opposite.

Pineham is an established, well regarded logistics & employment location, situated adjacent to Junction 15a of the M1 motorway and within the Golden Triangle of Logistics.

The site is well positioned to service Northampton, and the wider Midlands, East & South East areas as connectivity is maximised through proximity to the A43 & A45 primary trunk roads.

These locational fundamentals have drawn occupiers including Sainsbury’s, BMW, Dalepak, Royal Mail, The White Company & Pets at Home to the area.

Very prominent spacious shop premises located directly opposite Waitrose store and the free shoppers car park. There is also a useful lay-by immediately to the front of the premises. Other businesses close by include the Post Office and Mr Smiths Interiors.

Shop, irregular shape, overall 96.2 sq m (1036 sq ft). A covered lean-to has been created to one side having a usable area of 18.2 sq m (196 sq ft) currently used for the display of outside/garden supplies and storage. Total usable area 114.4 sq m (1232 sq ft).

The shop is fitted with cloakroom and kitchen area with excellent window display to Croft Road.

Under planning application number WD/2017/1951/F consent has been granted for demolition of current premises with construction of new shop with 2 x 1 bed flats over.

Offered for sale with the benefit of planning or new lease available, length to be agreed on normal full repairing and insuring basis.

Single Development plot. Site of 0.63 acres. The plot has detailed planning permission for a large 5-bedroom detached dwelling with triple garage. Attractive edge of village location with far reaching views

LOCATION

This attractive development site is located on the edge of the popular village of East Coker near Yeovil. The site is positioned off Burton Road in a peaceful setting with far reaching views over surrounding countryside.

East Coker has the benefit of a good range of facilities including a Parish Church, Village Hall, Primary School, Public House and the Goose Slade Farm Shop which is just outside the village to the south.

There is a wider range of facilities in Yeovil around 2½ miles to the north. Other towns within easy driving distance include Sherborne (8 miles) and Crewkerne (9 miles), both of which have a Waitrose Supermarket.

The area is well served by excellent private schools which are located close by including Perrott Hill, Hazlegrove and the Sherborne Schools. There is a mainline rail service from Yeovil Junction to London Waterloo taking around 2hrs and 20 minutes.


DESCRIPTION

The property comprises 2 development plots within the grounds of Fair Wind. The plots benefit from full planning permission under application number 16/04744/FUL.

Plot 1 extends to 0.63 acres and is proposed to provide a 5-bedroom detached dwelling extending to 3,024 sq ft together with detached triple garage.

The plot was previously the site of a mushroom farm and there is concrete hardstanding on the site.


METHOD OF SALE

The plot is offered for sale by informal tender

GUIDE PRICE

Offers in excess of £250,000

SERVICES

It is understood that mains services are available near to the site. It is anticipated that surface water drainage will be to a private system.

HIGHWAYS

The development site is accessed from Burton Lane via the existing driveway. The purchaser will be required to upgrade the access to a specification to be agreed including roads and services to Plot 2 & 3.

VIEWING

Strictly by arrangement with the Sole Agents, Chesters Commercial Ltd:

Midgate House was constructed in the 1980's and is a multi-let mixed use office and retail building. The property is arranged over 2 wings accessed from a central reception. Office occupiers include RNIB, Reed and Taskmaster Recruitment. Retail occupiers include Greggs plc, Co-op Funeral Services, NHS Trust, Power Leisure Bookmakers Ltd (Paddy Power), Ladbrokes and Hidden Hearing Ltd

Investment Summary
* Freehold retail investment Located in popular district shopping centre
* Densely populated surrounding residential area
* Let to first class tenant - L Rowland and Co. (Retail) Limited
* Current rent - £18,750 pa.
* Price - £295,000 - net initial yield 6.2%

Location
The property is situated within the main retail section of Charminster Road, a popular district shopping centre approximately 1.5 miles to the north of Bournemouth town centre. The property is located on the eastern side of Charminster Road at it's junction with Shelbourne Road.

The Charminster district centre comprises a mixture of retail and restaurant outlets serving an immediate densely populated residential area with a particularly high student population.

Description
The property comprises a predominantly two storey end of terrace building. The ground floor of the property provides retail accommodation currently occupied as a pharmacy with the upper parts used for ancillary storage purposes. Potential exists for the future refurbishment of the upper floors of the building to provide residential accommodation.

Accommodation
Ground Floor Retail - 75.43 sq. m. (811 sq. ft.)
Storage - 11.07 sq. m. (119 sq. ft.)
Kitchen - 5.89 sq. m . (63 sq. ft.)
First Floor Storage - 36.8 sq. m. (395 sq. ft.)
TOTAL 129.1 sq. m.(1,388 sq. ft.)
Additional storage accommodation is situated at second floor attic level.

Tenure - Freehold

Tenancy Details
The property is let to L Rowlands & Co (Retail) Limited under the terms of a 10 year full repairing and insuring lease from the 1st March 2012, at a rent of £18,750 pa.

Tenant's Covenant
L Rowland & Co (Retail) Limited is a NHS Pharmacy provider which has been trading from this property for approximately 16 years. The company is long established and has over 500 outlets in the UK. The company turnover for the year ending 31st January 2018 was approximately £494m with net assets of approximately £63m.

Proposal
We are instructed to seek offers in excess of £295,000 subject to Contract and exclusive of VAT. Allowing for purchaser's costs of approximately 3.2% a purchase at this level reflects a net initial yield of 6.2%.

Energy Performance Certificate
The property has an Energy Performance rating of C(74).

Business Rates
We are advised by Bournemouth Borough Council that the rateable value is £17,500 pa.

Hereward Cross is a fully let retail block located in Peterborough city centre. It comprises 12 retail units and Hereward Tower, 33 residential apartments (sold off long leasehold).

For Sale/May Let Town Centre Retail Unit 100% Rates Relief may be available for qualifying tenants Suitable for a variety of uses subject to planning

Location
The property is centrally located in the sought after East Berkshire town of Wokingham. it is adjacent to two large, public car parks and a very short walk to the busy town centre, with its many amenities, shops, pubs and restaurants. The mainline railway station serving London Waterloo and Reading, is also within easy waking distance.

Description
Staverton House us a charming blend of period style with modern facilities, including double glazing, air conditioning and a contemporary fit out with a high standard of finish. The accommodation includes a mixture of directors offices, meeting rooms and open plan offices. There is a well fitted kitchen, staff room and well appointed male and female WCs. The whole is arranged around two small courtyards with a garage and directors parking.

EPC
Band F - 130. (Dating from 2011, prior to refurbishment)

Tenure
The property is available Freehold, with vacant possession. Price on application.

Business Rates
Rateable Value £36,500
Business Rates Payable 2018/19 £17,280

VAT
All figures quoted are exclusive of VAT, which may be chargeable.

Legal Costs
Each party will be responsible for their own legal costs.

Garrison Property are delighted to offer this FREEHOLD building comprising of an A1 retail beauty salon and 3-bedroom flat for sale in Chingford.

The subject property is currently let as an A1 beauty salon with a large 3 bedroom flat above with a separate rear access and 685 sq ft of parking. The shop obtains a monthly rent of £1,600 PCM and the flat generates a monthly income of £1,166.66 PCM making a total income of £2,766.66 PCM or £33,200 per annum. The property also comes with a large outside space at the rear of the property with room for parking for 4 cars.

The property is located on the busy Chingford Mount Road, numerous bus routes service the area and the busy A406 is a few minutes' drive away with good access to the M11 and M25.

Very few freeholds come up for sale in Chingford so make sure you contact Garrison Property today to arrange a viewing on this investment opportunity.

Freehold price: £700,000

Income

Shop income: £19,200 per annum
Flat income: £14,000 per annum

Total income: £33,200

Size: (Approx)

Shop: 840 sq ft
Flat: 790 sq ft
Outside space: 685 sq ft

Total: 2,315 sq ft

See Details.

The property comprises a self-contained mid terrace unit with brick elevations under a pitched roof. The unit further benefits from on-site parking, rear loading, with roller shutter access, and yard area.

*Self-contained
*3-phase power supply
*Rear yard and loading
*Roller Shutter loading door
*On-site parking
*Separate WC’s to office and production space

Swallow End is situated in the heart of Welwyn Garden City’ main commercial area adjacent to B&Q and Grange Land Rover, approximately ½ a mile from the town centre.

Junction 4 and 5 of the A1(M) are approximately 2 miles away with the M25 a further 9 miles south from Junction 4. The mainline railway station is situated within the tow centre and provides a regular 25 minute service to London Kings Cross. Central London is circa 25 miles, London Heathrow Airport is circa 32 miles, London Luton Airport is circa 12 miles and London Stansted Airport is circa 24 miles. The property is therefore well situated for major rail, road and air links.