Commercial properties for sale in Aylesbury End, HP9
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The property comprises a ground floor shop which is currently trading as a hairdressers with a total net internal floor area approximately 990/92m2.
The first floor flat comprises 5 rooms with a separate bathroom and a kitchen, which is vacant. There is the potential (subject to planning) to create two residential units within the first floor flat with further potential of converting the rear of the ground floor shop to another residential unit.
-A ground floor shop of 990 sq ft (92m2)let until 2023 -Large vacant first floor flat -Possible conversion to three residential units (subject to planning)
The premises are located on a busy secondary trading location on Bushey Hall Road close to the junction with Greatham Road.
Bushey Hall Road is situated close to Watford town centre (approx. 0.5 miles) accessed via Water Lane. Junction 5 of the M1/A41 is within 2 miles accessed via A4008.
Investment/Development Opportunity For Sale, WD23 2EB
Type: Flat, General Retail, Residential, Other, Retail, Other Property Types & Opportunities
30/30A Bushey Hall Road, Bushey, WD23 2EBGBBusheyHertfordshireWD23 2EB30/30A, Bushey Hall Road
The premises are located within Church Road, Ashford. Church Road is the principal road running through the centre of Ashford. The town has a range of retail, restaurant/takeaway and banking facilities. Ashford mainline railway station is within walking distance of the property and provides a service between Windsor & Eton and London Waterloo. Access to the national motorway network is available at Junction 15 (Staines) of the M25 and from Junction 1 of the M3 at Sunbury. These in turn offer access to both London Airports (Heathrow & Gatwick).
The main building comprises three storeys under a flat roof with a surrounding parapet wall. There is an additional single storey extension to the rear, which is linked to the ground floor only, and this provides extra accommodation for the ground floor occupier as well as a terrace walkway above.
The ground floor is occupied under the terms of a commercial lease by bank, Santander UK Plc, with the main front area being used for bank counter services with separate individual offices off the main banking hall. Administrative offices are located within the single storey section to the rear.
There are two flats above, known as 30A (first floor), and 30B (second floor) Church Road, span the entire width of the main building. The flats comprise a hallway connecting to a kitchen, lounge, two bedrooms, a bathroom and W.C. Access to the flats is via a passageway on the righthand side of the building when viewed from Church road. This leads to an external staircase. Both flats have been sold off on long leases.
Main retail/banking hall = 147.98 sq m/1,593 sq ft
Rear admin office = 38.88 sq m/419 sq ft
Kitchen = 3.5 sq m/38 sq ft
Total floor area = 190.36 sq m/ 2,049.08 sq ft
30A Church Road – First floor flat
Entrance door leading to hallway; kitchen, lounge, study/bedroom, double bedroom, bathroom and w.c. facilities
30B Church Road – Second floor flat
The accommodation is essentially the same as the first floor flat, although there is slightly less useable floor space because of the instruction of the staircase leading from the first-floor walkway area.
30 Church Road (Ground floor) let to Santander UK Plc from 19/03/2015 until 19/09/2020, at a passing rental of £27,500 per annum exclusive. The lease is contracted inside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954 Part 2 (as amended).
Flat 30A Church Road (1st floor) has been sold on a long lease. The lease started 25/03/1986 and expires 24/03/2175. Rent £100 per annum from 25/03/19 to 24/03/2052. £150 per annum from 25/03/2052 to 24/03/2085. Then peppercorn.
Flat 30B Church Road (2nd floor), has been sold on a long lease. The lease started 25/03/1986 and expires 24/03/2085. Rent £100 per annum from 25/03/2019 to 24/03/2052. £150 per annum from 25/03/2052 to 24/03/2085.
There is also a Southern Electricity Board substation interest that expires 19/12/2110 paying a peppercorn.
Overall the current passing rental equates to £27,700 per annum exclusive.
We are offering the Freehold Interest in this property for £350,000 subject to contract and the existing leases.
Each party to be responsible for their own legal costs incurred in connection with any transaction.
Spelthorne Borough Council Knowle Green Staines-upon-Thames TW18 1XB
T: 01784 451499 W: www.spelthorne.gov.uk
30, Church Road, Ashford, TW15 2UY
30 Church Road, TW15 2UYGBAshfordSurreyTW15 2UY30, Church Road
The property is believed to date from the early 19th century although the shop front appears to have been modified significantly in the early 20th century according to the Listed Building entry. The property being sold comprises part of the ground floor and the basement of this Grade II listed building.
Internally the main retail space is on the ground floor. There is also a rear staff area and steps in the middle of the shop leading down to a basement area.
Several shops have been let recently and we believe that the shop could be re-let fairly quickly if it were to become vacant at a similar rent.
Hemel Hempstead is a large town in Hertfordshire with a population of around 94,000 (2011 census). The town is strategically located at the junctions of the M25, M1 and A41, making it a very popular town for business and commuters. There is also a railway link to London (Euston) with a regular service of 4 trains an hour in a best time of 26 minutes.
The town has expanded considerably over the last 15 years, with the previous census population recording a 81,000 people. There are a large number of residential developments taking place in and around the town centre and the town is still expanding.
The property itself is situated in the Old Town High Street, an area with many historic buildings with considerable character. Properties in the Old Town are largely a mix of pubs, restaurants, cafes and some retail units and the Old Town has benefitted recently from improvements to the street scene, with a one way system being created which has helped to make more short term parking bays. There is also a long term car park close by.
27 High Street, Hemel Hempstead HP1 3AA
Type: Retail, Restaurants / Cafes
27 High Street, HP1 3AAGBHemel HempsteadHertfordshireHP1 3AA27, High Street
Prime retailing pitch, 100 metres from Windsor Castle
New 15 year lease from March 2018, without breaks
Offers in excess of £1,100,000, subject to contract
6.0% net initial yield
Location Windsor is one of the United Kingdom’s most popular tourist destinations. Situated on the River Thames, Windsor has many world-famous attractions including Windsor Castle, Windsor Great Park, Royal Windsor Racecourse and LEGOLAND.
Windsor is located approximately 37 km (23 miles) west of Central London, 12 km (7 miles) south east of Maidenhead and 3.2 km (2 miles) south of Eton. The town is located approximately 4 km (2.5 miles) south of Junction 6 of the M4 Motorway and 8 km (5 miles) west of the M4/M25 interchange. The town is also connected to the National Railway Network with Windsor & Eton Central Station providing a fastest journey time to London’s Paddington of 30 minutes and Windsor & Eton Riverside Station providing a fastest journey time to London’s Waterloo of 50 minutes. Heathrow Airport is situated approximately 9.6 km (6 miles) to the east.
It is estimated that around 7.6 million tourism day trips were made to Windsor and Maidenhead in 2017. In total, approximately £441.8 million was spent on trips to Windsor and Maidenhead in 2017 and approximately £420.1 million directly benefited local businesses from hotels and restaurants to cafes, shops and attractions (Source: www.windsor.gov.uk).
Situation The property occupies a prime retailing pitch on the northern side of the pedestrianised Peascod Street, Windsor’s prime retailing thoroughfare, near its junction with High Street. The property is approximately 100 metres from Windsor Castle and, as a result, benefits from a high level of footfall, particularly from tourists.
Nearby occupiers include Starbucks (adjacent), Schuh, Barbour, Marks & Spencer, Barclays, Boots and Superdrug.
The property also benefits from being in close proximity to the Windsor Royal Shopping Centre, comprising over 40 shops with retailers including French Connection, Jo Malone, Hobbs, Molton Brown, Pandora and Sweaty Betty.
King Edward Court is also a short walk away. Anchored by Waitrose and Fenwick, the scheme houses retailers including Zara, Top Shop, Costa, Fat Face, Next and H&M.
Description The property comprises a retail unit arranged over ground, basement and two upper floors. Internally, the retail area has been fitted out to a high standard by the tenant.
The upper floors provide ancillary accommodation.
Planning The property is situated within the Windsor Town Centre Conservation Area and is Grade II Listed.
Tenancy The property is let to Hoofs & Hides Genuine Leather UK Limited (t/a Hoofs & Hides), guaranteed by S Shariff and Y Izzat, for a term of 15 years from 25th March 2018, expiring on 24th March 2033. The lease is subject to a Schedule of Condition.
The current passing rent is £70,000 per annum. Based on our analysis the passing rent equates to £140 Zone A. The lease benefits from 5 yearly upward only rent reviews.
Covenant The lease is guaranteed by Mr Shariff and Mr Izzat, who operate a number of Hoofs & Hides businesses across the globe. They currently have their main store in Bangalore, India and boutique stores in Mumbai and Dubai. They are in the process of expanding further and intend to open two more stores this year in two major cities and are looking at franchising the business in parts of Europe. The manufacturing of their leather goods are all sourced in Italy but are created in India. They are moving the production to Northampton shortly and placing machinery in store where they can create made to measure shoes.
VAT The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).
Proposal We are instructed to seek offers in excess of £1,100,000 (One Million, One Hundred Thousand Pounds), subject to contract, reflecting a net initial yield of 6.0%, assuming purchasers’ costs of 5.55%.
Please note that a purchaser will be re-charged the costs of 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;
Situated in a world famous tourist destination;
The property occupies a prime retailing pitch, 100 metres from Windsor Castle;
Let on a new 15 year lease from March 2018, without breaks;
Attractive lot size to an investor;
A purchase at the asking price reflects an attractive net initial yield.
Freehold Town Centre Retail Investment
140 Peascod Street, SL4 1DSGBWindsorBerkshireSL4 1DS140, Peascod Street
Hunters are delighted to present this great opportunity to purchase plot of land of just under 1 Acre located in close proximity to Hayes & Harlington Cross Rail Station, Hillingdon Hospital, Heathrow Airport and excellent transport links provided by the A4/M4 The approximate size of this lucrative plot is 0.9Acres with the likes of Barratt Homes, Fairview, Clearview and Galliard Homes already very active in the area we feel this is an amazing opportunity for development. Hayes is a significant regeneration area and fast becoming a popular destination for developers. The land is mixed use consisting of some residential, office/commercial and outbuildings backing onto the beautiful Stockley park golf club. We are looking to source and an unconditional deal for the vacant possession of the land, please Call Hans Patel today for further information or to book an inspection on 020 8579 1611.
Hunters are delighted to present this great opportunity to purchase plot of land of just under 1 Acre located in close proximity to Hayes & Harlington Cross Rail Station, Hillingdon Hospital, Heathrow Airport and excellent transport links provided by the A4/M4.
An opportunity to purchase the freehold of this modern self contained office. The accommodation is set out at ground and first floor level within a two storey end-terraced office building.
Internally the offices are generally open plan, and benefit from:-
-Modern ground and first floor offices -Situated in the heart of Maylands Business Centre, Hemel Hempstead -Underfloor heating -7 car parking spaces -Perimeter trunking -Suspended ceilings -Category 2 Lighting -WC on both floors
The unit is let to 4-Ways Heathcare Ltd, who are healthcare providers and also occupy the adjacent unit, number 6. The property is held by way of a 5 year term from 21st February 2018 expiring on 20th February 2022. The lease is external to the provisions of the 1954 Landlord and Tenant Act at the end of the term the present occupant is not automatically eligible for a new lease and the property could then be sold if required on a full vacant possession basis.
Marchmont Gate is a development of small office buildings ideally situated on a prominent corner site at the junction of Boundary Way and Maxted Road in the heart of Maylands Business Centre, Hemel Hempstead.
Hemel Hempstead itself lies approximately 25 miles north west of Central London, adjacent to Junction 8 of the M1 motorway and approximately 3 miles north of its junction with the M25 (Junction21).
In addition Hemel Hempstead benefits from its own mainline railway station, which offers a fast and efficient rail service to London Euston with a fastest journey time of approximately 30 minutes.
Investment Opportunity, Modern Self-Contained Offices, Hemel Hempstead
Type: Offices, Office, Healthcare, Other Property Types & Opportunities
Unit 7, Marchmont Gate, Boundary Way, HP2 7BFGBHemel HempsteadHertfordshireHP2 7BFBoundary Way
Ground Floor Restaurant with 1st and 2nd Floor Offices Above
65 High Street, Hemel Hempstead, Hertfordshire HP1 3AF
Actual and Estimated Net Income - £38,750 per annum (1 office currently vacant)
Freehold Price - £525,000.
Yield when fully let 7% after allowing for normal purchasing costs.
Land Registry plan showing location and car park to the rear attached.
The property is situated within the Old High Street of Hemel Hempstead which includes various retailers and services. In addition, there are numerous pubs and restaurants within walking distance. The area has recently undergone a number of improvements in keeping with its historic nature, high quality pavements, street lighting etc. with public parking to the front of the shops and in a large car park to the rear of the High Street. The A41 is just 2 miles away, which provides access to the M25. The Town Centre is a short walk and the Railway Station is within reasonable reach. Further details overleaf.
The property comprises Ground Floor restaurant, a separate basement restaurant and smoking area. Together with two floors above let as offices on short term inclusive licences, with kitchenette and WC facilities.
The vendor has a right of way over the driveway under 67 High Street who has land to the rear to park four cars. There are 8 car parking spaces reserved for 65 High Street which have been allocated to the tenants, further details of which are below.
The accommodation (approximate net internal areas), leases, licences as currently configured are set out below.
65 High Street
Restaurant fronting the High Street recently completed renovated and refitted and now trading as The Mediterranean Grill, comprising some 610 sq ft (56.7 sq m) of total space which includes a restaurant with some 30 seats, a kitchen, cooking facilities, two WC’s and 2 allocated car parking spaces.
Let on lease to August 2025 at £15,525 per annum exclusive with 3 yearly rent reviews of which is this year, June 2019.
Basement of 65 High Street
Restaurant also trading as The Mediterranean Grill and used for food preparation and storage in conjunction with the ground floor restaurant. This part of the building also has 2 allocated car parking spaces and is also let to August 2025 at £4,475 per annum exclusive with a tenants only break option in August 2020.
Office 1 (front) 309 sq ft (28.7 sq m)
Let to Goodchild/Smith at £500 per month i.e. £6,000 per annum
Office 2 (rear) 154 sq ft (14.3 sq m)
Estimated Rental Value - £350 per month, i.e. £4,200 per annum.
Total 1st Floor 468 sq ft (43.4 sq m) with two car parking spaces
Office 1 (Front) 200 sq ft (18.5 sq m)
Estimated rental value - £500 per month i.e. £6,000 per annum.
Office 2 (Rear) 178 sq ft ( 16.6 sq m)
Let to Blizzard at £350 per month i.e. £4,200 per annum.
Total 2nd Floor 378 sq ft (35.11 sq m) with two car parking spaces
We understand that these upper parts are let on monthly inclusive agreements excluding rates and have total Landlord’s outgoings in terms of water rates, electricity, gas and landlords share of property insurance of some £1,650 per annum.
Therefore the total income from the property when fully let is currently some £40,400 per annum leaving a net rent after deductions as above of some £38,750 per annum.
£525,000 for the freehold interest, subject to contract.
We understand that VAT will not be payable on the purchase price.
RATES Rateable Value Ground Floor Restaurant £14,500 Basement Restaurant £12,750 Part 1st Floor £3,750 Part 1st Floor £2,200 2nd Floor £4,050
Rates payable should be verified with Dacorum Council on 01442 228000.
Each party to be responsible for their own surveyors and legal costs.
65 High Street, Hemel Hempstead
Type: Offices, Office, Land, Commercial Land
65 High Street, HP1 3AFGBHemel HempsteadHertfordshireHP1 3AF65, High Street
Freehold Investment: Located in a prominent corner position at the Westerly (Mackenzie Street) entrance to the Observatory Shopping Centre and walking distance to Slough Railway & Bus Station, this landmark building comprises of two retail units and offices above arranged over the first and second floor. The properties are mid terraced and with an attractive corner façade. The offices above are subject to a short lease back and offer scope for redevelopment to residential subject to usual consents. Guide Price £1,25m excl.
129-133 High Street Slough SL1 1DH FREEHOLD INVESTMENT
Type: Retail - High Street, Office, Retail, Offices
129-133 High Street, Slough, SL1 1DHGBSlough, SloughBerkshireSL1 1DH125, High Street
Retail shop premises situated in Queensway directly opposite The Old High Street in Central Hemel Hempstead. The Old Town is particularly characterful with many pubs, restaurants and specialist shops within easy walking distance and public car park is available nearby.
Hemel Hempstead has access to the A41 dual carriageway which provides rapid access to the M25 at Junction 20, approximately 4 miles distance. Junction 8 of the M1 is approximately 3 miles away. Hemel Hempstead is served by a mainline railway station (Euston approximately 30 minutes).
The property comprises ground floor lock-up shop with single toilet to the rear.
The ground floor is held on a lease from 4th February 2015 expiring 13th February 2020. The current passing rent is £9000 per annum exclusive and is subject to an upward only rent review on 14th February 2018.