Commercial properties for sale

Future Residential Development (With planning permission)

2.97 Acres (1.2 HA) – 6.03 Acres (2.44 HA)

WITH OUTLINE PLANNING CONSENT FOR COMMERCIAL DEVELOPMENT

• Attractive rural property close to the M74
• Excellent commuting distance and drive time to Glasgow
• Country estate and gothic mansion house of up to 48 Ha (119 acres)
• Consent for 165 residential units and a hotel
• Offers invited

The existing property is a 3 storey building comprising a pub across basement and ground floor level and a 23 room Hotel across first and second floor extending to 10,200 sqft GIA.

The property is located on Woolwich Road and is approximately a 2 minute walk from Charlton Overground Railway Station which provides services into London Bridge in 22 minutes.

The building is situated on a landmark corner plot and is a 2 minute walk from Charlton Athletic Football Club (The Valley) with seating capacity for 27,111 and hosting regular matches.

Planning permission was granted in August 2017 for 8 x flats and 2 x commercial units. Planning reference: 15/2272/FUL.

Planning permission has been submitted utilising the same massing as the approved residential scheme for the conversion of the existing hotel and construction of a third floor to create a 60 room hotel and retention of the original pub at ground floor level. Planning reference: 18/2673/F.

The proposal involves conversion of existing hotel with side extension and erection of an additional floor to accommodate 60 hotel rooms. At ground floor level the public house will be refurbished, with the smaller function room being converted into additional hotel rooms. The remaining ground floor will comprise 12 x rooms . There will be 17 x rooms at both first and second floor and 14 x rooms at roof level.

The proposal will extend to 17,771 sqft GIA.

We are aware that the existing hotel charges a blended rate of £60 per night giving the hotel an ERV of c. £503,000 pa. Based on Comparable evidence we are of the opinion that the 60 unit scheme finished to a good specification would be able to achieve a blended rate per night of £120 giving it an ERV of £2,628,000. (this is based on 100% occupancy).

The property is available freehold with vacant possession.

We are aware that the property is not elected for VAT.

FOR SALE
SOUTH EAST FREEHOLD RESIDENTIAL DEVELOPMENT / CONVERSION OPPORTUNITY

• Planning submitted for 22 luxury one and two bed apartments

• Suitable for alternative uses including hotel, student accommodation and retirement / care home (STP)

• Prominent town centre site with car parking

• Short walk to train station, shopping centre and sea front

FOR SALE

A 410 Sq M (4,421 sq ft) modern detached former training college on a large plot situated close to Warminster Town Centre.

Suitable for alternative uses, subject to planning permissions

- Attractive Grade II Listed building circa 1 mile from the City of London

- Excellent conversion potential to residential use (subject to necessary consents)

- Feasibility study undertaken accomodating 26 residential apartments

- Circa 27,627 sqft (2,566 sqm) GIA over 5 floors

- Unconditional offers invited in excess of £5,000,000 for the freehold interest

- Bid deadline: 18th January 2019

ST . THOMAS’S CHURCH


St Thomas Street, Southwark is a 300 year old architecturally stunning building located between the Shard and Borough Market.

Let to an Internationally renowned restaurant operator with an unexpired occupational term of 19 years

Sale of a long leasehold interest with 241 years unexpired

Option to acquire a unique bell tower apartment in addition to the restaurant investment

THE OPPORTUNITY

A 3.56 acre waste transfer station that presents a rare opportunity for a sale and leaseback with redevelopment potential from 31st March 2021 onwards, once the leaseback expires. In addition the existing buildings could be refurbished and the balance of the site developed. Vacant possession could be offered earlier by mutual agreement.

Number 61 is located on the ground floor of traditional Victorian property dating from 1877, which we understand was originally part of a malthouse development. The subject property enjoys direct frontage onto Mortlake High Street.

The property measures circa 857 sq. ft. (79.7 sq. m) GIA.


TENURE
Each property is available to purchase on a ‘virtual freehold’ basis; namely on a 999-year lease from 24 March 2000 at a peppercorn rent.

SALE PRICE
£470,000, (Four Hundred & Seventy Thousand Pounds). VAT will apply in addition.

CAR PARKING
On-street business car parking permits are available from London Borough of Richmond, who wish to support and encourage employment generating uses in the Borough. Permits are reasonably prices for businesses in Zone M, being £155 pa for the first car, £234 pa for the second car, and £310 pa for the third car upwards. Up to 5 business permit spaces are available with no 61. Business permits can be used throughout the CPZ Zone M, (not just in spaces allocated for business use), which are otherwise only controlled during the hours of 9.00 – 11.00 Monday to Friday. Visitors and employees needing space outside these restricted hours may park in allocated CPZ zones free of charge.

BUSINESS RATES
Presently, the assessment has been removed from the rating list, whilst redevelopment works are undertaken. The assessment was £12,000. If this were to remain unchanged when reinstated, businesses with no other commercial premises could apply for full exemption from payment of business rates. Further details from London Borough of Richmond.

NOTE
This property is not suitable for residential conversion, as it has been identified by London Borough of Richmond as being worthy of employment generating protection from Permitted Development rights, (by way of Article 4 exemption).

For further information or viewings please contact joint agents Vokins ( 020 8400 9000) or Featherstone Leigh ( 020 8332 2707)




Accommodation:
Floor Area: 857.00

Situated within the London Borough of Richmond upon Thames, Mortlake is an established, attractive and desirable south west London location. It is situated approximately 6 miles from central London and is bounded by Chiswick to the north, East Sheen to the south, Barnes to the east and Richmond to the west.

Mortlake enjoys good transport links with Barnes Bridge mainline railway station circa 850m to the north east and Mortlake mainline railway station circa 340m to the south west of the site, providing regular services to Richmond (4 minutes) and London Waterloo (23 minutes).

Mortlake is served by various bus routes with a bus stop a few metres away from the main entrance to the site offering access to the 419 (Richmond to Hammersmith), 969 (Roehampton Vale to Whitton) and the N22 (Fulwell to Piccadilly Circus).

Road links from Mortlake are also very good; Junction 1 of the M4 is approximately 2 miles to the north and can be accessed via Mortlake Road (A205). The M3 is approximately 7.5 miles to the south

Unit 5 Air Hub comprises of a refurbished warehouse/industrial
unit of blockwork construction to a pitched roof. The warehouse area is clear-open plan layout with access available via a full height electric roller door via a dedicated loading bay. Ancillary office accommodation is situated on the first and second floor.
Located 1 mile immediately to the west of Heathrow Airport with easy access to the M25 at Junction 14 and the M4 at Junction 5. Air Hub is in close proximity to all terminals of Heathrow Airport with links available via Airport Way and the North and Southern perimeter roads. The property is ideal for airport related business and freight companies. This area is popular with warehouse and freight operators.

Travel Distances
Junction 14 M25 0.65
Junction 5 M4 2
Junction 4 M4 2.25
Junction 2 M3 (J12 M25) 5.66
Junction 1A M40 8.2
Terminal 5 LHR 3.2
Terminal 4 LHR 4.11
Terminal 1 LHR 6.57
BA World Cargo 3.3

A high quality and modern industrial property located just east of Sheffield in close proximity to Junction 31 of the M1 motorway. The location benefits from good accessibility to the regional road network and Sheffield City Centre.

- Modern ‘Grade A’ type 2-storey offices incorporating raised floors, suspended ceilings
- Category ll lighting, air conditioning and an 8-person lift
- A useful mix of open-plan office areas along with partitioned offices and meeting rooms
- Excellent staff amenities including WC’s and a large, modern kitchen area
- Heated and well-lit industrial areas with a working eaves height of 6.75m
- A useful mezzanine proving additional stores
- 2 large service doors providing easy transit of goods in and out of the adjacent yard
- Additional detached stores and plant room
- Available with vacant possession

Rare opportunity for development or storage lane, subject to planning

The property is located on Oliver Business Park off Oliver Road and Great Central Way in the heart of the Park Royal Industrial Estate. The A40 Western Avenue is a short distance to the south of the property and provides access to Central London to the east and the M40 and M25 motorways to the west.

The area is well served with public transport; North Acton Underground Station (Central Line) and Harlesden (National Rail / Bakerloo Line) are both within walking distance of the premises and provide a regular service to Central London. A number of bus routes also operate throughout the area, most notably from the Central Middlesex Hospital and ASDA Superstore which are both within walking distance.

The property comprises a modern, mid-terraced two storey business unit incorporating warehouse space on the ground floor and fully fitted partitioned offices on the first floor. The unit is of steel frame construction with part brick / part clad elevations and benefits from a clear height of 3.35m on the ground floor. Access to the property is via a shutter door (height 2.1m and width 2.1m) or separate staff entrance with door entry system.

The available space is fitted to a good specification and benefits from the following amenities, W.C facilities, kitchenette, 3 phase power, central heating, air conditioning, 5 allocated parking spaces and fully fitted soundproofed studio.

The property is a semi-detached business / office unit of steel frame construction with low level brickwork and profiled metal clad to eaves and a pitched roof. Internally, the property is configured with a large proportion being open plan office accommodation and ancillary kitchen / WC facilities, and part being in a shell condition ready to be fitted out or used for storage / workshop space. The office accommodation has been refurbished and includes underfloor trunking, suspended ceiling with recessed LED lighting and air conditioning.

Externally, the property is situated within a gated compound providing parking for approximately 20 vehicles. In addition there is a gravelled area to the side of the property with potential for further parking to be created.

PRICE ON APPLICATION

Broadwater Down is a highly sought after residential location on the SW edge of Tunbridge Wells. The road is within a Conservation Area and characterised by large period Victorian houses. It is classified as an Arcadian Area with low density development and protected landscaped frontages. The Pantiles and "Village" area are both easily accessible on foot.
Broadwater House is a detached period mansion set over G, 1st, and 2nd floors with some large basement areas (total GIA for the existing property 9133 sq ft) and in beautiful mature grounds of around an acre. The property is currently arranged as 5 apartments. There is a planning application pending for conversion, part demolition and extension of the property to create a total of 14 apartments, each with allocated parking (total GIA for the proposed property 15,157 sq ft).

LEASEHOLD: £199,000
ANNUAL RENT: £42,500 (incl. flat)
*NOW WITH LICENCE TO SELL ALCOHOL*

LEASEHOLD: £199,000
ANNUAL RENT: £35,000 p.a together with residential flat at £7,500 p.a. Total rent payable £42,500 p.a. (Rent receivable @ £12,840 p.a.)

LENGTH OF LEASE IS TO BE NEGOTIATED WITH THE FREEHOLDER.

Location
The shop is situated in the heart of the affluent city of St Albans, which is located approximately 25 miles North of London.
The nearest train station is St Albans City (0.6 miles), which offers a journey time to London of approx.18 minutes.

Internal Details
Retail space is circa 450 sq/ft and to the rear of the store is a stockroom/sandwich preparation area, along with a w.c.

Fixtures & Fittings
We are advised by our clients that all fixtures and fittings are owned outright and included in the price sought for the premium.

Letting Accommodation
There is a two bedroom apartment with separate access, currently let at a rent of £1070 per calendar month.

External Details
Additional storage is available by means of a detached storage unit in the gated rear yard area. The Council has allocated a single parking space to the rear of the store (an annual parking permit is required at additional cost).

Business Rates
The rateable value is £16,250 per annum, effective from 1st April 2017.
It is advised that interested parties make their own enquiries with the local authority.

• Turnover for Y/E 30/6/2018: £498,142
• Gross Profit for Y/E 30/06/2018: £168,172
• Net Profit for Y/E 30/6/2018: £139,911
• Additional Residential Rental Income
• Prominent Brand Trading for c. 100 years
• Energy Rating C
• Premises Licence granted by St Albans City & District Council

DESCRIPTION

A1 Retail/A2 Unit - the property comprises ground and lower ground floor premises.

FACILITIES
• Heating
• Power Points
• Alarm
• Telephone Point available

ACCOMMODATION

The approximate net internal floor areas are: Lower Ground Floor -21.8 sq m 234.6 sq ft. Ground Floor 53.2 sq m 572.2 sq ft. (Gross internal basis)

PREMIUM

Premium sought for Leasehold interest - £349,000. We are advised that the property is not elected for VAT purposes.


LEASE

The premises are being offered by way of an Assignment of the existing Lease (subject to the freeholders consent) dated 23rd May 2011 for a term of 125 years from 1st October, 2017.

GROUND RENT

Ground rent currently payable is £1200 p.a. subject to review as per lease dated 23rd May 2011 and Deed of Variation dated 13th November 2014.

BUSINESS RATES

According to the VOA website the rateable value stated is as below:
Rateable Value £6,800
Rates Payable for 2018 - 2019 £3,264*
*Please note that Business Relief may be available to reduce the Business Rates Liability to nil subject to confirmation with the Business Rates Department at St Albans City and District Council.

LEGAL COSTS

Each party to be responsible for their own legal and associated costs.

NON DOMESTIC ENERGY PERFORMACE CERTIFICATE (NDEPC)

E106

VAT

We are advised that the property is not elected for VAT purposes.

Description
The offices comprise converted traditional agricultural buildings which have been fitted out to a high quality. Features include Cat 5 cabling and individual patch panels, LG3 lighting, comfort cooling/heating, disabled lifts to first floor accommodation, carpet tile floor covering. There is generous car parking allocated to the units.

Tenure
Units 1 & 2 are let to NFU Mutual Insurance Society Ltd at a rent of £38,784 p.a.x. on a 15 year lease expiring in March 2021.
Unit 3 is under offer to Funeral Safe Ltd at a rent of £27,504 p.a.x. on a 5 year lease expiring 2023.
Unit 4 is let to Porterhouse Building Services Limited at a rent of £8,100 p.a.x. on a 5 year lease expiring 2023.
Unit 5 is let to Ipswich 102 Ltd on a 12 year lease for £13,250 for years 1&2 rising to £13,750 p.a.x.
Unit 5A is let to Exquisite Homes Limited at a rent of £9,512.50 p.a.x. on a 5 year lease expiring 2023.


Accommodation (all areas are approximate)
Units 1 & 2 308.98 sq m 3,326 sq ft
Unit 3 212.93 sq m 2,292 sq ft
Unit 4 60.20 sq m 648 sq ft
Unit 5 102.19 sq m 1,100 sq ft
Unit 5A 70.7 sq m 761 sq ft
Total Floor Area 755 sq m 8,126 sq ft

For Sale - Freehold Shop - May Suit Other Uses (STP)
The property is situated within a predominantly residential area on the northern side of the A264 Langton Road.
Double fronted retail showroom arranged over ground and first floors with attic stores and parking / land to the rear.

End-terraced retail unit with hot-food consent

Located within the Robroyston area of Glasgow that continues to benefit from significant inward investment with works now underway on a new railway station and 1,600 new homes just north of the subjects

Eligible for 100% rates relief available under the Small Business Bonus Scheme

No VAT on rent / purchase price

• 22 acre site in an attractive village location

• Full planning consent in place for a 199 berth canal marina

• Approved plans include a visitor centre with café/farm shop

• Site sale price £650,000

• Option to agree a build contract to deliver a completed marina

See Details.

Refurbished units from 1,076 sq ft to 2,637 sq ft

Available individually or as a whole (9,395 sq ft)

Estimated Practical Completion date Summer 2019

Price: £700 per sq ft to "Shell Condition"