Commercial properties for sale in Tiverton, Cheshire
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For Rent£6.22 Sq Ft
26 Nicholas Street is a grade II Listed period office building situated in the heart of Chester city centre. The building is in walking distance of the city centre's shops, bars and restaurants with impressive views of Chester Racecourse and the Welsh Hills.
- Prime City Centre location - Suitable for continued office use or a variety of alternative uses (STP) - Private car park - up to 10 spaces - Price £1,600,000 - Rent £60,000
City Centre Office Building - To Let / For Sale
Type: Office, Offices
26, Nicholas Street, Chester, CH1 2PQGBCheshire West and Chester, ChesterCheshireCH1 2PQ26-28, Nicholas Street
The property was most recently utilised as a bank and extends over ground, first and second floors. The property benefits from a large surface car park to the rear. Nearby occupiers include Holland and Barrett, WH Smith and M&Co.;
- Large surface car park to the rear - Nearby occupiers including Holland and Barrett, WH Smith and M&Co; - Offers in excess of £250,000
The City Arms is a two storey public house situated in the heart of Chester.***OPEN VIEWING ON TUESDAY 19TH MARCH AT 12 NOON - FOR FURTHER INFORMATION CONTACT ELLIOT MORRELL ON 01212 272311*** ( Agency Pilot Software Ref: 8900 )
City Arms, 56 Chester Street, Chester, CH4 8BJ
Type: Pubs/Bars/Clubs, Licensed & Leisure
City Arms, 56 Chester Street, Chester, CH4 8BJGBCheshire West and Chester, ChesterFlintshireCH4 8BJ44, Chester Street
Industrial Warehouse Facility 72,523 sq ft on 3.75 acres
The property comprises a steel truss construction warehouse with part brick / part metal clad elevations beneath an insulated metal decked flat roof and benefitting from the following specification: - ( Agency Pilot Software Ref: 2422 )
Unit 1 Deeside Industrial Estate, Drome Road, Deeside, CH5 2NY
Summary To be sold by clicktopurchase® online auction – 1st March, 11.00am
Freehold retail investment opportunity
Prime retailing pitch
Let to New Look Retailers Limited
Re-based rent - £3.78 per sq ft overall
Guide price £900,000, subject to contract
13.7% net initial yield
Location Wrexham is the largest town in North Wales, situated between the Welsh mountains and the lower Dee Valley alongside the border with England. It is the administrative, commercial and retail centre for the region. Wrexham is located approximately 86 km (53 miles) south-west of Manchester, 50 km (31 miles) north of Shrewsbury and 21 km (13 miles) south of Chester.
The town benefits from good road communications with the A55 being 14 km (9 miles) to the north, which in turn links with the M53 and M56 Motorways. The A483 also serves the town and provides access to Shrewsbury and the M54 Motorway to the south. The M6 Motorway is approximately 48 km (30 miles) to the east, accessed via the A534.
The town is connected to the national railway network with a fastest journey time to London Euston of 2 hours 24 minutes. There are also regular services to Chester with a 15 minute journey time. Liverpool John Lennon Airport is approximately 61 km (38 miles) to the north and Manchester International Airport is some 72 km (45 miles) to the north-east.
Situation The property occupies a prime retailing position on the pedestrianised Hope Street, near its junction with High Street, within the very heart of Wrexham town centre. Pedestrian footfall in the vicinity of the property is high, being the principal retailing pitch. National high street retailers in close proximity to the property include WHSmith, Ernest Jones, Boots, Halifax, Greggs, O2, EE and Holland & Barrett.
The Eagles Meadow Shopping Centre is a short distance to the east. The centre benefits from occupiers including Debenhams, Marks & Spencer, Next, H&M and Topshop, plus an Odeon cinema and a 970 space car park.
Description The property comprises a substantial building of traditional brick construction which provides a large open plan sales area on ground floor which has been fitted out to a high standard by the tenant to their usual corporate image. The property benefits from a service yard to the rear via Abbot Street.
Tenancy The property is entirely let to New Look Retailers Limited for a term expiring on 14th November 2023. The lease is subject to a Schedule of Condition. The current passing rent is £130,000 per annum (£40.67 per sq m / £3.78 per sq ft overall).
The existing lease of the property is for a term of 15 years from 15th September 2006, expiring on 14th September 2021. In accordance with a Deed of Variation dated 21st December 2018 and a Supplemental Lease dated 21st December 2018, the rent was re-based from £375,000 per annum (£117.31 per sq m / £10.90 per sq ft) and a supplemental lease granted to New Look Retailers Limited for a term of years from 15th September 2021, expiring on 14th November 2023.
Covenant Established in 1969, New Look is a leading fast fashion, multichannel retailer operating in the value-fashion segment of clothing and footwear market, predominantly in the UK, but also through franchise partners in countries spread across Europe, the Middle East and Asia. At the end of the financial year the company had 591 stores. For further information visit www.newlook.com.
On 21st March 2018 New Look announced the approval of a Company Voluntary Arrangement (CVA), which the company sees as a significant step towards delivery of their turnaround strategy, focused on returning the business to long-term profitability. In January 2019 the company agreed with key shareholders to reduce its debt by 80% with a £150m of capital raised by issuing new bonds which its executive chairman said “represents a critical step in our turnaround plans and lays the foundations to secure the future and long-term profitability of New Look by materially deleveraging our balance sheet and providing us with the financial flexibility to better attack our future”.
Note: The Supplemental Lease and deed of variation to the existing lease of the subject property are new contracts which the tenant entered into after the date of the CVA. Therefore, they replace the variations effected by the CVA and are not bound by its terms.
VAT The property has been registered for VAT, however, it is envisaged the transaction will be treated as a Transfer of a Going Concern (TOGC).
Proposal Guide price £900,000 (Nine Hundred Thousand Pounds), subject to contract, reflecting a net initial yield of 13.7%, after purchasers’ costs of 5.63%.
Please note that a purchaser will be re-charged the costs of the searches and surveys which are provided in the data room.
Please note a purchaser will be charged a transaction fee of £5,000 + VAT.
Investment Considerations An opportunity to acquire a freehold retail investment;
The property occupies a prime retailing position in the heart of Wrexham town centre;
The rent has been significantly re-based from £375,000 per annum (£10.90psf) to £130,000 per annum (£3.78psf);
A purchase at the asking price will provide an investor with a highly attractive net initial yield;
Attractive lot size to an investor.
High-Yielding Retail Opportunity – 13.7%
3-9 Hope Street, LL11 1BGGBWrexhamWrexhamLL11 1BG3-9, Hope Street
Located on Pioneer Business Park, Pioneer 210 is a 211,921 sq ft cross docked, high bay warehouse/distribution facility available for sale or to let. As an established distribution location neighbouring occupiers include Regatta, Scania and SPL International, with Ellesmere Port home to international brands such as DHL, GM Vauxhall, Essar Energy, Pro-Well and EA Technology.
Type: General Industrial, Warehouse, Industrial
Pioneer 210, Pioneer Business Park, North Road, Ellesmere Port, CH65 1AQGBCheshire West and Chester, Ellesmere PortCH65 1AQNorth Road
The property is a three storey detached building with large car park and extensive external areas.
Internally, the ground floor is divided in a lounge / dining area with separate ‘locals’ bar. The two areas have seating respectively for around 60 and 25 customers. There is a kitchen and cellar to the rear of the building.
The first and second floor accommodation comprises owner’s accommodation with kitchen, living room, bathroom and three bedrooms, one of which is en-suite.
Gently undulating land used for grazing and the property also includes a substantial farmhouse, farm buildings including 10 loose boxes, storage, 3 workshops, a touring caravan storage compound for approximately 140 touring caravans and 1/2 a mile (740 metres) of linear moorings
MA6NITUDE is already home to some of the country’s major distribution companies, with B&M Retail Limited, Wincanton and Kuehne + Nagel already having a presence on the site. The site contains a number of development plots which can accommodate a range of buildings from 90,0000 to 600,000 sq ft of manufacturing and logistics space. The site is strategically located within 2 miles of Junction 18 of the M6 Motorway and is considered the principal manufacturing and distribution location in the area.
Type: General Industrial, Industrial
MA6NITUDE, Middlewich, Cheshire, CW10 0QJGBCheshire East, MiddlewichCW10 0QJErf Way
Decoy Farm, at present, comprises existing various outbuildings and barns that are subject to informal tenancies for storage purposes and a family homes (that will be excluded from the sale but is available by separate negotiation).
The available site extends to 2.72 acres (1.1 hectares), is generally flat and uniform in its shape. The adjoining ponds are to be remediated back to pasture.
UNDER OFFER Decoy Farm, Lache Lane, Marlston-cum-Lache, Chester, Cheshire, CH4 9ADGBCheshire West and Chester, ChesterCheshireCH4 9ADLache Lane
GVA Hotels & Leisure team are instructed to offer an excellent roadside hotel development opportunity that fronts the busy A494 and which benefits from two way average daily traffic movements of circa 50,000 vehicles. The hotel site is situated within a major strategic development opportunity which extends to over 247 acres and forms part of the Northern Gateway site in the Deeside Enterprise Zone. The site benefits from outline planning consent for up to 4M Sq Ft of industrial and commercial accommodation which includes 290,000 Sq Ft of roadside, retail, leisure, hotel business and supporting uses together with 1,325 new homes!
The Airfields Roadside Hotel Development For Sale in Deeside
TO LET/MAY SELL WAREHOUSE PREMISES. Manor Park is one of the region's most successful Business Parks located a short drive from Junction 11, M56 and within easy reach of Manchester, Liverpool and Chester. Manchester Airport is approx. 20 minutes' drive time. From Junction 11 follow M56 north to the first set of traffic lights and turn left following the A558 towards Runcorn. Manor Park is located within half a mile and is signposted.
Key benefits: * LED Lighting * Carpeted throughout * Gas fired central heating * Quality partitioning * Kitchen facility * Air conditioning
Contact: Jane Marshall or Joseph Wilshaw
( Agency Pilot Software Ref: 999 )
9 Beeston Court, Manor Park Industrial Estate, Stuart Road, Runcorn, WA7 1SS
Type: General Industrial, Industrial
9 Beeston Court, Manor Park Industrial Estate, Stuart Road, Runcorn, WA7 1SSGBHalton, RuncornCheshireWA7 1SS18, Stuart Road
INVESTMENT OPPORTUNITY, FOR SALE MODERN BUSINESS UNIT WITH HIGH OFFICE CONTENT. The property is located on the Manor Park Industrial Estate, which is accessed from Junction 11, M56, and providing easy access to Manchester, Liverpool and Chester.
The estate provides quality Industrial/Business units in a well landscaped environment and has already attracted well know names such as Eddie Stobart, Lidl and UK Mail.
Car parking is available to the front of the property and yard/delivery access is available to the rear. The premises are ideal for a company looking for a cost effective office space.
Contact: Jane Marshall or Joseph Wilshaw
( Agency Pilot Software Ref: 809 )
7 Beeston Court, Manor Park Industrial Estate, Stuart Road, Runcorn, WA7 1SS
Type: General Industrial, Industrial
7 Beeston Court, Manor Park Industrial Estate, Stuart Road, Manor Park, Runcorn, WA7 1SSGBHalton, RuncornCheshireWA7 1SS18, Stuart Road
The property predominantly comprises a Victorian three storey retail unit that was extended in the 1960's. The original front structure is of frame construction with brick infill panels and walls beneath a pitched slate covered roof. The first and second floor extends over the pavement. The ground floor retail area was extended at the rear and incorporated a first floor section beneath a flat asphalt and felt covered roof. The front and rear of the upper roof sections are detached from each other. The front section comprises former residential accommodation and is now accessed across the flat roof that separates the rear section. This provides remote storage. The rear section provides ancillary staff accommodation. Access for escape purposes is available at the rear leading onto Frodsham Street, ( Agency Pilot Software Ref: 232 )
37 Foregate Street, Chester, CH1 1HD
Type: Other, Other Property Types & Opportunities
37 Foregate Street, , Chester, CH1 1HDGBCheshire West and Chester, ChesterCheshireCH1 1HD9, Foregate Street
Mixed use development opportunities. Two sites extending to 1.035 ha (2.55 acres) and 0.15 ha (0.36 acres). Established prominent location in Wrexham Town Centre. Suitable for mixed use development to include offices, restaurant, leisure, hotel, residential or community use subject to planning. ( Agency Pilot Software Ref: 61592 )
St Giles Way, Wrexham Town Centre, Wrexham, LL13 7DD