Commercial properties for sale

TO LET/MAY SELL FULLY REFURBISHED WAREHOUSE WITH OFFICE AND LARGE YARD. Rare freehold opportunity, The property is located on Penrose Place off Pimbo Road on the West Pimbo Industrial Estate, Skelmersdale. The area is synonymous with large scale warehousing manufacturing and boasts a variety of large well known occupiers and household names.

The premises is well located for motorway access being close to Junction 5 of the M58 which connects directly on to the M6 at Junction 26.

Key Benefits:

* 2000KVA electricity capacity
* 115 car parking spaces
* Heating and lighting throughout
* Fully sprinklered
* Fully secure site with electric fence & automatic gates

Contact: Joseph Wilshaw

( Agency Pilot Software Ref: 493 )

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 )

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.

• 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

Single storey modern 13,750 ft2 retail warehouse on rapidly expanding industrial estate.

Highly prominent corner position at junction of A.41 and A518 directly opposite Aldi

Large on-site car park & yard.

Price guide £11.50 per ft2 to rent or £1.85M to purchase

Expressions of interest (Principals or named Principals only please) to the agent

Exeter
Prominent City Centre Development Site
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

 Former care home with excellent re-development potential to residential or alternative use subject to planning.
 Good size car park.
 Located close to Nottingham Hospital.
 Available with Vacant Possession

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%)

the premises comprise a stone built public house arranged over ground floor and a 3 bedroom flat at first floor level.

Eternally the premises benefit from an external car parking area with the overall site extending to 0.2 acres.

The site and premises would be suitable for a residential conversion subject to planning.

All trade Inventory belonging to the Vendor on site on the day of Completion will be included in the sale. The Vendor will not provide an Inventory. Any items belonging to third parties ie Beer Raising equipment are excluded from sale.
( Agency Pilot Software Ref: 2040336 )

( Agency Pilot Software Ref: 3860 )