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.
EXISTING PUB AND 23 ROOM HOTEL WITH POTENTIAL TO INCREASE TO 60 ROOMS
Fully fitted restaurant for sale by way of an assignment of the existing lease.
The premises comprise the ground floor of a large two storey detached period building occupying a corner position. There are various dining areas around a central bar with a modern kitchen to the rear. The restaurant has been fitted out to a high standard and is fully equipped. The current configuration provides c.75 covers and 10 bar seats. An external seating area is provided to the front and licensed for 26 people.
The lease provides for a term of 10 years from 9th August 2014 at current rent of £45,000 per annum subject to review in May 2022.
There is an additional lease for the outside seating area, which is for a term of 18 years from 9th May 2016 at a current rent of £1,900 per annum subject to review in May 2021. ( Agency Pilot Software Ref: 2041841 )
1 Eastern Esplanade, Southend-on-sea, SS1 2ER
Type: General Retail, Restaurants/Cafes, Retail, Licensed & Leisure
A two-storey building configured to provide a retail/take-away unit on the ground floor and a two bedroom flat on the first floor. The property is located on Churchgate Street, approximately 500 ft from the High Street and Town Centre. Available for sale with vacant possession, or to let on a new full repairing and insuring lease. ( Agency Pilot Software Ref: 16479 )
24 & 24A Churchgate Street, Ely, CB7 5DS
Type: Retail - High Street, Restaurants/Cafes, Retail, Licensed & Leisure
~Offers Invited in the Region of~ Prominent end of terrace/corner four-storey mixed use building, arranged as a bar over the ground floor and basement (historic A3 use), with living accommodation on the first and second floors, providing a large 2 bedroom maisonette, with separate living room and kitchen.
Occupied entirely by an independent bar operator, who we understand is currently trying to sell their leasehold interest. There is therefore an ‘asset management’ opportunity to try and redevelop/extend the upper parts/rear of the building, by way of separate negotiation with the tenant.
Situated in a busy bar and restaurant circuit on High Street in Croydon, close to it’s junction with South End (A235) and within walking distance into Croydon town centre and Old Town.
Neighbouring occupiers include; Tesco, Mail Boxes Etc, Domino’s, Coughlans, Crown & Pepper, Dial-a-Flight, Galicia, Call Print and other independent and local traders.
Mixed Use Freehold Investment For Sale - 282 High Street, Croydon, CR0 1NG
The Cottage Spring is typical of its age having been constructed around the 1950's and is of two storey brick and tile construction with a large single storey flat roofed extension to the rear. A forecourt car park for some 15 cars is accessible from both Bowling Green Road and from Bristol Road. The property also includes a pleasant beer garden with smoking shelter with access to the main bar and also a small side yard. ( Agency Pilot Software Ref: 39 )
Cottage Spring, Bowling Green Road, Netherton, DY2 9NA
Type: Pubs/Bars/Clubs, Licensed & Leisure
Cottage Spring, Bowling Green Road, Dudley, Netherton, DY2 9NAGBDudley, DudleyWorcestershireDY2 9NA58, Bowling Green Road
The property comprises a highly attractive part three, part two storey fully rendered brick building with single storey extension to the rear. The property enjoys a lovely rear beer patio and garden and also benefits from three car parking spaces. ( Agency Pilot Software Ref: 28 )
• Public House over ground, first and second floors under a pitched tiled roof with an additional cottage style section over ground and first floors. • Potential for conversion and development to alternative uses subject to planning. • Open plan layout. • Enclosed courtyard to the rear.
Freehold Public House
Type: Pubs/Bars/Clubs, Licensed & Leisure
48 The Queen Victoria, Market Place, Henley-on-thames, RG9 2AGGBHenley-on-ThamesOxfordshireRG9 2AG48, Market Place
Prime Town Centre Peterhead Let To Brewdog Retail Limited Expiry December 2038 No Breaks Passing Rent: £15,000p.a.x. Fixed Increase in Yr 5 to £17,500p.a.x. £245,000 Representative G.I.Y. 6% with Gross Reversionary Yield increasing to 7.1%
The subjects are situated on the South side of Marischal Street, West of its junction with Erroll Street & Love Lane within Peterhead's town centre. Peterhead is located c. 32 miles north of Aberdeen on the A92 linking through to Fraserburgh. With a resident population of c. 24,000 persons, the town enjoys a strong catchment given the drive time to Aberdeen. Traditionally focussed on the fish industry, Peterhead acts as a major service centre for the offshore oil and gas industries. The subjects occupy a prominent position on Marischal Street with neighbouring occupiers including W.H. Smith, New Look & Argos.
The subjects comprise a ground and first floor public house surmounted by a pitched roof with access from the rear at Maiden Street. The subjects are in the final stages of an extensive refurbishment including new frontage, interior fit-out, new kitchen and open plan seating. Internally the subjects are being decorated in accordance with Brewdog's corporate specification including traditional rustic timber flooring, polished aluminium bar, exposed brick & steel works. A new frontage has been installed comprising large display windows or aluminium frame double glazed with entrance via twin aluminium framed glazed doors.
The subjects benefit from rear service yard / car park for up to 17 cars with access from the rear also via Maiden Street.
The subjects are let by way of a new full repairing and insuring lease on the following terms;
Tenant: BrewDog Retail Ltd Expiry: December 2038 Tenant Break: None Passing Rent: £15,000p.a.x. Rent Review: A rent review will take place in 5th year with fixed increase to £17,500p.a.x.
Tenant Info: BrewDog is an international Brewery & Pub chain founded in Ellon, Scotland in 2007. In April 2017, the private equity firm, TSG Consumer Partners acquired a 22% share of Brewdog for £213m valuing the business in excess of £1bn. Brewdog operates 50 bars in the U.K with a further 24 internationally with that number steadily growing.
Our client is offering their freehold interest in the subjects for £245,000, representing a gross initial yield of 6% with fixed rent increase to £17,500p.a.x. creating a gross reversionary yield of 7.1%
Prices quoted are exclsuive of V.A.T.
Available on request
Copies of the lease & title are available on request
The subjects will be open and trading very shortly, viewings available by appointment only
Each party shall bear their own legal costs incurred in the transaction
*images for illustrative purposes only
BREWDOG INVESTMENT FOR SALE: MARISCHAL STREET, PETERHEAD
The property comprises a Grade II listed farmhouse with six holiday cottages, reception, communal laundry room, outdoor seating area, communal garden and paddock beyond.
The Grade II Listed farmhouse is a beautiful four-bedroom property which sleeps 8-10 people. It is currently let as a holiday cottage but would also suit being a family home. The property is arranged over two floors. The ground floor comprises a sun room, open-plan kitchen and dining area, boot room, lounge with log burner, WC, games room and utility room with a washing machine and dryer. The first floor comprises three en-suite double bedrooms, a twin bedroom and family bathroom. Externally, the property benefits from a private garden, decking area with outdoor seating, barbecue facilities and parking for two cars.
Guest accommodation is provided across six attractive converted barns, built from traditional Lake District stone. The cottages have been finished to a high standard and the majority enjoy spectacular views of the surrounding countryside. All cottages are self-catered with kitchen and living areas containing TVs, fridge/freezers, electric oven, microwaves and some have sofa beds and access to WIFI. Each cottage has access to an outside area, either a private patio or balcony, or the communal garden. The cottages have use of the communal laundry room. There are two vacant units below the Loft Cottage which are currently being used for storage. These units present scope for development, subject to necessary planning consents.
Externally the cottages have access to barbeques and the communal gardens overlooking the lake and outdoor seating areas. Private parking is available on site. There is a paddock to the side of the property.
The Property comprises a Grade II Listed farmhouse with 10 holiday cottages, reception, children’s play area and around 36.5 acres of gardens and grounds. There is also planning permission to redevelop the additional barn and shed to provide 10 glamping pods.
The farmhouse comprises 5 bedrooms, and is currently let as a holiday cottage, although it was previously used a family home. The entrance hall leads into the dining / sitting area and kitchen. There is also a second kitchen / utility room adjacent. The kitchen comprises an AGA, island unit and original features, such as granite beams, lintels, flagged floors and bread oven. Leading from the kitchen is the main lounge with wood burning stove. Through the hallway is the second lounge. Upstairs there is a master bedroom with large en suite. There are a further 2 double bedrooms, twin bedroom with a family bathroom. There is an extra double bedroom with en suite WC and additional dressing room. There is also a boot room, downstairs cloakroom and an office that can be accessed externally. To the rear of the Farmhouse is an enclosed private garden.
Guest accommodation is provided across 10 letting cottages, converted from the original buildings of Treworgie Manor, with a combination of stone, slate, exposed beams and timber trusses. All cottages provide kitchen and living areas with flat screen TVs and Wifi available throughout. Each cottage also has an external patio or balcony. The cottages have use of communal washing facilities. The Farmhouse and Warner Cottages are rated by Visit England as Gold Star self-catering accommodation. The remaining cottages are rated at 4-star.
Externally the cottages have access to barbeques, outdoor playground and playing field. Private parking is available on site. In addition there are around 33.4 acres of pasture and woodland. In total the site extends to approximately 36.5 acres.
Planning permission was granted in January 2018 under PA17/10690 to redevelop the top barn to provide 10 glamping pods. The redevelopment includes an extension to the existing parking area.
The available space comprises a ground floor unit in a 4 storey building. The interior is finished to shell and core with capped off services, no shop fronts are fitted. The minimum clear height is 3.78m. The unit also benefits from a rear entrance. There is provision for forecourt seating.
A technical information pack is available upon request.
The Grade II listed Kirk Mill is situated in Chipping and provides the opportunity to comprehensively redevelop the historic former cotton-spinning mill and associated buildings. The consented scheme will form the centrepiece of the wider Kirk Mill Conservation Area with the potential to create a unique 60 bed hotel, spa, restaurant and wedding complex.
This is a rare opportunity to acquire one of the best surviving examples of an ‘Arkwright-type’ mill in Lancashire with consent for extensive extensions, ancillary buildings, mill pond and land.
Kirk Mill & Malt Kiln House
Type: Hotels, Licensed & Leisure
Kirk Mill & Malt Kiln House, Malt Kiln Lane, Chipping, Preston, Lancashire, PR3 2GPGBRibble Valley, PrestonLancashirePR3 2GPMalt Kiln Lane
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.
A new development opportunity Nottingham City Centre - Vacant possession on completion. Currently a residential meditation centre with multiple possible uses STPP Accommodation includes 4 reception rooms, kitchens, 16 bedrooms, gardens and parking for 10 vehicles. Finance available subject to status.
Kadampa Meditation Centre 5, Pelham Road, Nottingham, NG5 1AP
Villa Esplanade is an impressive 19th century Grade II listed building dating back to 1834. The property is full of original features and character, presenting a unique commercial opportunity to acquire the freehold. There is substantial scope to redevelop and refurbish the property to take advantage of its desirable location.
The entrance hall is located to the side of the property and leads into the large reception area where there is a lift that services all floors.
The 31 apartments are laid out over four floors and vary in size. They predominantly feature a kitchen, bathroom, bedroom and living area, some having the bedroom and living area combined. The apartments range from one to two bedrooms and many benefit from spectacular sea views. The four letting bedrooms all have en-suite facilities. In total, the accommodation sleeps up to 102 guests.
The basement covers the floor plan of the building and previously housed the laundry facility for the hotel. The area presents an opportunity for development into further accommodation, subject to necessary planning consents, and has several existing access points. A commercial unit at the front of the basement is currently tenanted and used a popular bar.
The property comprises two commercial units which are currently tenanted and generating substantial rental income. El Gringos is a Mexican restaurant serving 80 covers. The current passing rent is £25,000 per annum with 6 years unexpired on the lease. The Ink Lounge Bar, occupying part of the basement, is a popular destination for tourists and locals combined. The current passing rent is £15,000 per annum on a 10 year lease with an option to break in 2020.
Externally, there is a private car park with spaces for up to ten vehicles. There is an attractive sun terrace to the front of the building providing the perfect setting for Al Fresco dining, overlooking the South Bay. To the side of the property is a gated service yard. Part of the roof to the front of the property has recently undergone major renovation.
The property presents scope for significant redevelopment. There is potential to redevelop the basement into further holiday apartments. Alternatively, there is potential to redevelop the property into residential apartments, both of which will be subject to necessary planning consents.
Type: Hotels, Licensed & Leisure
Villa Esplanade, Esplanade, Scarborough, North Yorkshire, YO11 2AQGBScarborough, ScarboroughYorkshireYO11 2AQ20A, Esplanade
TWO STOREY PREMISES FOR SALE OR LET - Prominent location with high footfall - Close to Buttermarket Centre retail and leisure redevelopment - Two storey premises, suitable for a variety of uses (subject to planning) - 109.93 sq m (1,183 sq ft) - Guide Price £199,500 - Rent £15,000 per annum