Commercial properties for sale

RESIDENTIAL DEVELOPMENT OPPORTUNITY
Subject to planning

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

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

FOR SALE

Unit 9 Far Cromwell Road, Stockport SK6 2RF

26,729 sqft superbly located 3 minutes junction 25 M60 ring road with easy access to motorway network/Manchester airport & city centre. Excellent loading facilities via 3 dock level bays + 1 drive in bay

Price £1,550m

All enquiries to the sole agent: Haughton Warburton Limited

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 – RESIDENTIAL & DEVELOPMENT OPPORTUNITY

St Leonards Road, Nazeing

• An extensive 8 bed house, with opportunity to divide
• Permission for two new dwellings
• A 2 bed detached lodge. In all 6.5 acres

Western House is an office property arranged over ground and two upper floors. The property comprises a front section which is Grade II listed originating in the 17th Century and more recent extension to the rear, assumed to have been added during the early 1970's. There is onsite parking for circa 14 vehicles.

The 17th Century section is of traditional masonry construction under a pitched tiled roof and the rear extension assumed to be of brick and/or block construction beneath a pitched roof. In the main, the office suites have comfort cooling units, carpeting, perimeter trucking and suspended ceilings with insert lighting units.

15,224 sq ft (GIA) Approx.

Very close to J22 M25

Gated Yard

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.

A detached and extended property currently leased to the NFU with Circa 3.5 years remaining on the lease at an annual rent of �20,000 plus VAT. The property is in exceptional condition throughout and it may be possible to arrange vacant possession if required.

With Open Reception, offices and storage to the Ground Floor and Open plan and individual Offices to the First Floor, the total lettable area is approximately 232 sq m (2,493 sq ft) and there is parking for 4 cars on site.

The office has a Kitchen/Staff room on the Ground floor plus Ladies and Gents Wc's and to the first floor there is a second Kitchen and Ladies and Gents Wc's. Gross Internal Area is around 3,000 Sq Ft

PROPOSED GYM, CAFE / TAKEAWAY & FIRST FLOOR FLAT (2 NO. BED)

Location

The subjects occupy a prominent position on the west side of North Street, close to its junction with Market Street, on the northern outskirts of Forfar Town Centre.

Additional Details

Forfar is an established market town situated in north central Tayside immediately to the east of the A92 Dundee to Aberdeen trunk road, and is approximately 15 miles from Dundee, the principal administrative centre for the area. It has a population in excess of 14,000 people and is an attractive rural town surrounded by rich farmland.  It offers excellent amenities including both primary and secondary schooling.

Description 

The subjects comprise a mid terraced single storey building of traditional stone construction under a pitched and slated roof with single storey brick extension to the rear. 

The property was previously a nightclub venue, however, a planning application has been submitted and subsequently approved to create a new gym / fitness centre and cafe / takeaway at ground floor level and a 2 no. bedroom flat at first floor level. 

Accommodation

We have measured the accommodation in accordance with the RICS Code of Measuring Practice (6th Edition) to be as follows:

|  Floor  |  Description  |  sq m  |  sq ft |
|  Ground  |  Gym / Fitness Centre  |  292  |  3,143 |
|  Ground  |  Cafe / Takeaway  |  47  |  506 |
|  First   |  2 bed flat  |  85  |  915 |
|  Total  |     |  424  |  4,564 |

Terms

The subjects are available to lease on tenants full repairing and insuring terms. Alternatively, our clients may consider offers for the heritable proprietors interest.

Legal Costs

Each party will be responsible for their own legal costs in connection with the above transaction, with the tenant being responsible for any Land & Building Transaction Tax and VAT liability incurred thereon in.

VAT

Unless otherwise stated all prices, premiums and rents are quoted exclusive of VAT which may be payable.

Viewing Arrangements

To arrange a viewing of the subjects please contact the sole marketing agent, Westport Property Ltd.

Aldwark Manor Golf & Spa Hotel is set within beautifully manicured grounds and parklands, and enjoys access via a sweeping drive through the golf course. The hotel began life as a private residence which was built for the daughter of Lord Walsingham and gifted to her as a wedding present. The hotel now offers 53 en-suite bedrooms, an AA Rosette restaurant, extensive conference and leisure amenities and an 18-hole championship golf course.

Freehold mixed-use investment opportunity situated close to the historic Market Place in the centre of Hexham and with residential accommodation. EPC Ratings: Commercial & Residential TBC.

Ground floor retail unit (43.2 sq m) – residential apartment including: kitchen/diner – bedroom no.1/living – bathroom/w.c. – bedroom no.2 - study/sitting room – shower room/w.c. pleasant aspect over the historic Abbey grounds – freehold with vacant possession – excellent investment potential and scope for further development (subject to any necessary consents)

Freehold Public House For Sale

The Property is located fronting the busy Main Street in the town centre of Bingley. Main Street is lined with a mix of regional and local retailers, estate agents, licensed and leisure operators to include fast food takeaway operators. Licensed premises trading in close proximity to the Property include the Potting Shed, Fire Pit, Mavericks Nightclub and Martinez Wine Bar. Bingley train station is located within 200 metres to the south east of the Property. Bingley is located approximately 5 miles north west of Bradford city centre.

The Property comprises a part two storey and part three storey terraced property of stone construction beneath a pitched and slate roof. The building stands on a roughly rectangular shaped site which provides space for an enclosed beer patio to the rear with approximately 36 external covers. The site also includes a small storage building as well as part of Busfeild Street to the rear. Internally, there is an open plan trading area over the ground floor with a back 'L' shaped bar servery. The beer cellar is located at basement level and the manager's / owner's residential accommodation is arranged over first and second floor levels.

The property is located within the BW Estate on Oldmixon Crescent, which is accessed directly off Winterstoke Road, approximately 2 miles to the south of Weston-Super-Mare town centre and 4 miles from Junction 21 of the M5 motorway.

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.

The broadly triangular site extends to 0.34 acres (0.14 hectares) and is split into three separate titles:

• 14 Park Road (TGL63104)

• 14A Park Road (SGL231932)

• Access road (SGL226749)

14 Park Road comprises a three-storey detached residential house with private access from Park Road. 14A lies to the rear of 14 and comprises a former MOT workshop and garage and ancillary offices. Access is via a private road which leads from Park Road to the rear of the site.

Home Farm House comprises a very attractive Georgian former farmhouse which has been extended and amended in previous years and benefits from a substantial range of early period barns and outbuildings set within a lovely courtyard area and extensive mature private gardens beyond. The house is in need of some improvement but offers and excellent opportunity to create a fine long term family house in a sought after village setting.

The property sits in approximately 0.9 of an acre or thereabouts and pre-planning has been obtained from Rushcliffe Council in respect of the potential for residential development within the rear garden. A copy of the response from Rushcliffe Borough Council is available on request.

Income producing investment property fully let at £51,000 per annum exclusive.

Guide Price: £685,000
FREEHOLD SUBJECT TO CONTRACT

LOCATION

Newcastle Under Lyme is a market town in North Staffordshire situated 40 miles south of Manchester and 40 miles north-west of Birmingham and directly adjoins Stoke-on-Trent. The town has a population of over 75,000 and has become a very popular choice for students to study, due to Keele University. This University was founded in 1949 and is the UK’s largest campus University combining research facilities and science park.

Newcastle Under Lyme is a mixture of a vibrant centre with young people enjoying the bars and cafés, and an ancient market town famous for not being Stoke on Trent. It has a market 6 days a week and the famous amusement park, Alton Towers is not far away.

The property is well located on the South side of the pedestrianised Ironmarket in the heart of the town centre in Newcastle Under Lyme. Ironmarket is just off the A52 which links Newcastle Under Lyme and Stoke on Trent and is close to the M6 motorway. Nearby occupiers include Coral, HSBC, New Look, Wilkinson, Scotts, BetFred, Café Nero and Halifax and the Yates Public House amongst many others.

DESCRIPTION

The premises are arranged as ground, first and second floors with two tenants, Loungers Ltd (Company No: 04595806) on the ground and part first floor benefitting from rear courtyard/outside seating area, paying a passing rent of £40,000 per annum, with the first floor and second floor offices let to Meridian Business Support Ltd (Company No: 02386774) paying a rent of £11,000 per annum.

TENANCY
Loungers Ltd in relation to ground and part first floor, 57 – 58 Ironmarket, Newcastle Under Lyme – the Lease is for a straight 15 years on effective full repairing and insuring Lease terms with no breaks, commencing 26th October 2015, expiring 25th October 2030, paying an annual passing rent of £40,000 exclusive, quarterly in advance with rent reviews, upwards only, every fifth anniversary of the term to market rent.

Meridian Business Support Ltd relating to the first and second floor office premises at 56 and 58 Ironmarket, Newcastle Under Lyme have been tenants of the building since 2010 – the current Lease dated 21st October 2014 is for a term of 5 years from 31st October 2014, expiring 30th October 2019, paying an annual rent of £11,000 per annum. The tenants break option on 31st October 2017 was not activated.

GUIDE PRICE
We are instructed to seek offers in excess of £650,000 (six hundred and fifty five thousand pounds) freehold subject to contract and both commercial leases producing a combined rental income of £51,000 pax. A purchase at this level would reflect a gross initial yield of 7.85% and a Net Initial Yield of 7.56% after purchase costs at 3.8%.

TENANT INFORMATION

Loungers Ltd for the year ending 27th April 2017 Loungers recorded an increase in revenue from £68.5m to £91.8m and pre-tax profits of £3,186,658.

Meridian Business Support Ltd incorporated 19th May 1989. For the year ending 31st December 2016 Meridian Business Support reported a turnover of £98,687,640 and profit before tax for the year of £807,633.

VIEWING
For further information please contact sole agents Messrs Nicholas Percival, for the attention of T Noble – 01206 563222

The premises briefly comprise a stone built mid terrace retail unit located on the busy Halifax Road running through the centre of Todmorden Town.

The property is set out over 3 floors having a retail area to the ground floor and ancillary storage to the upper levels. A basement can be accessed externally from the rear elevation. The ground floor offers an open plan retail area having large shop frontage, suspended ceiling with inset lights, WC facilities and timber effect flooring throughout. Free street parking is available within the direct vicinity.

Services to include electricity, gas, water and drainage are believed to be connected to the premises. Please note these services have not been tried or tested and any interested parties are advised to satisfy themselves as to their suitability and condition.

The property is currently tenanted by Tia Greyhound who pay an annual rental of £7,200.
( Agency Pilot Software Ref: 1771 )

The property comprises an attractive former bank premises of stone construction beneath a pitched slate roof.

Internally the accommodation is arranged over ground floor, mezzanine and basement. The property is fitted out as offices and in terms of layout on the ground floor the accommodation is largely open plan plus three separate meeting rooms, kitchen and w.c. facilities. The mezzanine floor has a good sized landing area and two separate rooms currently utilised as storage.

In addition there are five car parking spaces located to the rear of the property.
( Agency Pilot Software Ref: 690 )

Beechwood Court is a modern gated development of 6 high quality self-contained offices. Goring House provides a combination of open plan offices and meeting rooms on ground and first floor, dedicated reception area and additional kitchenette, WC and shower facilities. There are 9 car parking spaces.
( Agency Pilot Software Ref: 362 )

Multi Let Industrial Investment
The site is situated within the popular Standard Way Business Park, Northallerton approximately 15 miles south of Darlington, 30 miles north of York and 52 miles north of Leeds with convenient access across the region via A19/1AM. Self contained trade park comprising four units constructed circa 1990 of steel portal frame construction with corrugated sheet cladding to elevations.
Gross Internal Area 15,403sq.ft.
Total Site Area 1.3 acres
Fully occupied - total rents received £71,750 (reserved until March 2020)
Offers in the Region of £725,000 reflecting a net initial yield 9.45% (after assuming purchasers costs at 4.4%)