Mixed Uses for sale

An existing 4 storey mixed use commercial property in central Luton extending to 20,247 sqft GIA subject to planning permission for an extra floor of B1 office space or Residential conversion.

The property is located on the south side of George Street which is considered to be Luton’s prime retail pitch in the nucleus of Luton Town Centre. The property is a 7 minute walk from Luton Railway Station providing direct services into London St Pancras in approx. 23 minutes and is approximately a 9 minute drive from Luton Airport. The property is an 8 minute walk from the University of Bedfordshire, Luton campus. The University of Befordfordshire currently has 17,000 students (figure based on a 2016/17 census) and we are of the opinion that the scheme could lend itself to student accommodation use.

MIXED USE COMMERCIAL DEVELOPMENT

Planning permission was submitted on 29th May 2018 for the construction of an extra floor of B1 office space.

The proposed scheme will extend to 24,779 sqft GIA. The scheme provides façade alterations and reconfiguration of the third floor with a use class change from D1 to B1 (Planning Ref: 18/00814/FUL).

The ground floor, use class A2 extends to 4,800 sqft GIA. The 1st and 2nd floor, use class D2 extends to 15,447sqft GIA and the 3rdand proposed 4th floor, use class B1 will extend to 4,532 sqft GIA.

RESIDENTIAL DEVELOPMENT SCHEME

The Vendor submitted a separate planning application in August 2018 for the retention of the ground floor use and the change of use of the 1st to 3rd floors into 62 shared living units (Sui Generis).

The ground floor extends to 4,800 sqft GIA and the proposed residential shared living scheme will extend to 10,599sqft NSA (15,447 sqft GIA).

Should the office scheme be granted this will set president for an extra floor, giving the possibility to apply for an extra floor of shared living accommodation via a separate planning application. We advise potential purchasers to undertake their own due diligence on this matter.


The property is available freehold with vacant possession.

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.

Unique city centre development & investment opportunity with potential for a range of uses including hotel, retirement, student, residential, office and leisure, subject to the necessary consents.

Located in central Cambridge | Comprising 5 existing buildings, totalling approximately 11,000 sq m GIA (118,000 sq ft) | Set within grounds of 2.47 ha (6.10 acres) in total.

Freehold Building For Sale - incl. long lease of the shop (99 years from 2007) offered with vacant possession and the residential upper parts sold (owner occupied) on a long lease (99 years from 2002 subject to £300 p.a. ground rent) • OR New 12 year Lease of the A1 Use Ground Floor Shop (goodwill and Fixtures & Fittings available by sep. neg.) 820 sq. ft. with skylights at rear • Very good condition throughout • Freehold For Sale: £350,000 Subject to the subsisting leases • New Lease Rent: £26,000 p.a.x.. VAT not applicable

See Details.

Cross Hands is situated on the A48 (M4) approximately 16 miles to the North West of Swansea and 12 miles to the South East of Carmarthen. The Town has a catchment of over 180,000 within a 30 minute drive. In excess of 36,000 vehicles pass the site on the A48 daily.  The subject site is located at Cross Hands East, directly adjacent to Leekes Department Store and opposite The Co-op (proposed Home Bargains). Other notable occupiers include McDonalds, J&J Motors, Suzuki, Fiat, Ford and Nissan Dealerships.  The subject site extends to approximately 2.2 acres with detailed planning permission for 28,000 sqft (Gross) of Open A1 retail (including food) together with 110 car parking spaces. A copy of the existing planning permission is available on request. The site is available Freehold with Vacant Possession. Alternatively our clients may consider letting of the site.

Postcode: KT20 7RT
Lease: New full FRI Lease upto 20 years
Useage: A3 with Alcohol licence
Seating: 75 heads
Other useage: In going Tenant must make his own enquiries to the Planning Authority to ensure change of use to their requirement
Rent: £30,000 per annum
Premium/goodwill: £79,999.00 guide price
Rates: £6,000 payable. Small business rates relief given of £5,000. Only £1,000 to pay
Area: Approx 1,500 sq/ft

The accommodation above consists of a split level 2 bedroom flat in need of full modernisation.

Floorplans to follow.

Should you have any further questions/queries or alternatively wish to arrange a viewing please contact Residenza Properties Ltd. By prior appointment through sole selling agents Residenza Properties Ltd

Residenza Properties Ltd their clients and any joint agents give notice that:

1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Residenza Properties Ltd have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

LOCATION
New Milton is a popular New Forest town situated approximately 6 miles to the west of Lymington and 12 miles to the east of Bournemouth. It has a railway station and is situated on the principal route between Weymouth and London Waterloo. The property is situated at the northern end of Station Road, which is the principal retail area of New Milton, and occupies a prominent location opposite the entrance to New Milton railway station.

DESCRIPTION
The property comprises a former established car showroom and workshop facility with a prominent frontage situated to the north of Station Road. The ground floor showroom is partially single storey with the remainder incorporating first and second floor accommodation comprising a series of individual rooms/offices. The single storey showroom and workshop have flat roofs whilst the upper parts of the three storey section have a pitched roof. Access to the workshop is gained via a lane leading off Manor Road to the rear of the property. There is a basement storage area accessed from within the workshop.

FEATURES
* Forecourt sales area
* 70ft showroom frontage
* Partially fitted vehicle workshop incorporating 3 vehicle hoists
* Extensive upper parts capable of remodelling subject to planning.

ACCOMMODATION
On the ground floor frontage the property comprises the principal showroom area together with reception, offices, customer WC and staff canteen. The rear accommodates the workshop. There is a ramp from the workshop down to a basement level which has previously been used for stores.

The upper two floors are currently accessed from a centrally located internal staircase and comprise a total of 11 individual rooms providing offices and ancillary space.

Ground floor showroom, reception etc. 2,805 sq. ft.
Ground floor rear workshop 2,923 sq. ft.
First and Second floors circa 2,000 sq. ft. TOTAL 7,728 sq. ft.

These floor areas exclude the basement storage. The floors areas have been calculated on an approximate gross internal basis.

PRICE - OIR £700,000

TENURE - Freehold with vacant possession.
A lease of the property may be considered on terms to be agreed at a rent in the region of £50,000 pa.

VAT - We understand that the property is not elected for VAT.

RATES - We are advised by New Forest District Council that the rateable value for these premises is assessed as £50,500.

ENERGY PERFORMANCE
The property has an Energy Performance Asset Rating of E(102).

The site is situated on the corner of Micklegate Road and Sea Road enjoying a promenade position with views over the North sea. The surrounding properties comprise several uses being predominantly residential but also leisure and retail uses. It is situated approximately ½ mile to the south of the recently rebuilt Felixstowe Pier, and 1 mile south of the Retail centre on Hamilton Road. Occupiers in the High Street include; Thomas Cook, Marks and Spencer, Greggs, New Look, Iceland and Cafe Nero.

The two storey building of brick construction under a flat roof including a three bedroom manager's flat at first floor level that is separately accessed from Beaumont Street.

The ground floor comprises a main bar area divided into two sections and the upper floor offers a function room with bar.

The building is centrally positioned and offers scope for alternative uses including leisure and food subject to planning and other necessary consents.
( Agency Pilot Software Ref: 2041936 )

The property is a modern purpose built car dealership comprising 6 car showroom, 10 bay workshop and MOT area, parts storage area, offices, and further first floor offices and amenity areas. The showroom is fully gazed to the front and one return elevation and elsewhere exterior metal cladding on the walls. There are also external parking and vehicle display areas.

LOCATION
Two storey Restaurant premises on banks of Peak Forrest Canal opposite Urban Splash development and with 50 metres of the Town Centre shopping area.

DESCRIPTION
The premises comprise a two storey brick built self-contained restaurant and function room on the first floor. There is fully fitted kitchen on the ground floor with ancillary stores and Male & Female WCs. Parking and service area to Castle Street elevation.

FLOOR AREAS (NIA)
Ground Floor
5,102 sq ft
474 m2
First Floor
3,121 sq ft
290 m2
Basement
710 sq ft
66 m2
Total
8,934 sq ft
830 m2

TERMS
The property is available with vacant possession.

PRICE
£900,000 exclusive.

RATES
Rateable Value £48,750

LEGAL COSTS
Each party will be responsible for their own legal costs.

VAT
All prices and rents are exclusive of, but may be liable to VAT.

VIEWINGS
Strictly by appointment with Joint agents Hallams Property Consultants & Waltons.
( Agency Pilot Software Ref: 250 )

The property comprises of a ground floor self contained restaurant which has been refurbished to a high standard of Indian restaurant. The upper floors are accessed via the rear and comprise of 6 self contained one bedroom apartments with kitchen diners, separate bedrooms, separate bathroom.
( Agency Pilot Software Ref: 52 )

The property comprises of a ground floor self contained lock up shop which is being utilised as a hair dressing salon. The first floor comprises a self contained 2 bedroom flat which benefits from gas central heating, pvc double glazed windows.
( Agency Pilot Software Ref: 5144 )

INDUSTRIAL UNIT
• Excellent Established Location
• 6,088 sq ft plus 3,567 sq ft mezzanine approx
• Short distance to range of 2 villages amenities
• 3 phase power
• Large yard area
• Internal offices and kitchen
FOR SALE

INDUSTRIAL UNIT
• Excellent Established Location
• 2,253 sq ft plus 709 sq ft mezzanine approx.
• Short distance to 2 villages amenities
• 3 phase power
• Large yard area
• Internal offices and kitchen
TO LET

The majority of the site is occupied by a vacant building, previously the Newburn Hotel, which was constructed in 1895 by F.M. Laing. The area of ground to the west of the main building (previously the stables and garden area) is currently vacant.

The site has open views over the River Tyne to the south and views up Station Road to the north. The existing building is constructed in an attractive red facing brick.
( Agency Pilot Software Ref: 2041898 )

The subject property comprises a two storey office building that lends itself to a residential conversion.
( Agency Pilot Software Ref: 2041863 )

A former garden nursery situated on a broadly square parcel of land. There are a series of greenhouses and similar structures previously used for the growing and sales of plants.
( Agency Pilot Software Ref: 2041899 )

A semi-commercial property situated on a busy high street at the heart of the Cathays district. This good sized property currently comprises of an office area to the ground floor front, with a separate five-bedroom three-storey HMO property and a detached workshop to the rear. Rare opportunity on this sought-after parade of shops.

The property is available with either vacant possession or with current tenants in-situ achieving an income of £23,400.00 per annum. The property has plenty of further potential to increase revenue streams even further.

Call for further details or to arrange an appointment.
Access
Direct access from Crwys Road and rear lane.
Office 1
18'5 x 15'1
With laminate flooring, two central heating radiators, electric power points, suspended ceiling, two double glazed entrance doors, large display window to front, door to rear corridor, and further door to:
Office 2
12'11 x 9'3
With laminate flooring, central heating radiator, electric power points, suspended ceiling, glazed dividing wall, and further door to rear corridor.
Rear hall
With laminate flooring, door to HMO kitchen, stairs to first floor, further corridor to rear entrance door.
Kitchen
10'9 x 5'11
Accessed from rear or building, under development.
WC
Accessed from rear or building, under development.
Kitchen/diner
13'4 x 10'
With a range of wall and base units, round edge Formica work surfaces, electric oven, gas hob, filtration over, plumbed for automatic washing machine, stainless steel sink unit, and ceramic tiled flooring. Further door to:
Bedroom 1
10'4 x 9'2
With laminate flooring, door to rear yard, double glazed window to side, central heating radiator, cupboard housing a Worcester gas combination boiler for central heating and domestic hot water, and electric power points. Further door to:
En-suite
9'11 x 4'1
Comprising shower unit, W.C., wash-hand basin, extractor fan, electric heater, and ceramic tiled flooring.
FIRST FLOOR:
Landing
With laminate flooring, access to rear attic space, central heating radiator, electric power points and doors off to;
Bedroom 2
15'1 x 12'4
With laminate flooring, shower unit, vanity wash-hand basin, central heating radiator, two double glazed window to front, and electric power points.
Bedroom 3
12''6 x 9'5
With laminate flooring, shower unit, vanity wash-hand basin, central heating radiator, double glazed window to rear, and electric power points.
Bedroom 4
12'11 x 10'1
With ceramic tiled flooring, shower unit, vanity wash-hand basin, central heating radiator, double glazed window to rear, and electric power points.
Bathroom
11'10 x 6'10
Comprising a suite in white of panelled bath with mixer tap and shower attachment, further electric shower over, wash-hand basin, W.C., double glazed window to side, and ceramic tiled flooring.
WC
4'8 x 2'8
With W.C., wash-hand basin, ceramic tiled flooring, and double glazed window to side.
SECOND FLOOR:
Bedroom 5
With laminate flooring, Velux-style windows to front and rear, central heating radiator, electric power points, and ample under-eaves storage.
Outside
Rear Garden
With access to rear lane and detached workshop.
Garage
19'2 x 11'
Newly constructed workshop building, with electric power and lighting.
Services
We understand to property is connected to all mains services.
Please note
We understand the property is Freehold, though this must be verified by any interested parties' legal representative.
Viewings
Contact David's Homes where we will be delighted to arrange a suitable accompanied viewing for you.

TO LET/FOR SALE – RETAIL UNIT & SELF CONTAINED 3 BEDROOM MAISONETTE PROMINENT POSITION - ESTABLISHED PARADE

Residenza are proud to offer this unique mix use Freehold Investment/Development Opportunity on the market for the first time in 50 years. – comprising of Ground, 1st and 2nd Floor Commercial with 10 mixed Residential Flats including one beds and two beds 3-minute walk from Tooting Broadway Station (Northern Line), also having the potential to build further with a lapsed planning in 2009 for an additional floor.

Postcode: Mitcham Road, SW17 9NG
Unconditional Offers Only
Price: £5,000,000 SUBJECT TO CONTRACT
Buyers Fee Applicable

Commercial (Ground, 1st Floor and 2nd Floor)
3 Units that have been knocked into 1 huge unit of 4,000 sq. Ft.
Additional 2,000 sq. Ft over the 1st and 2nd floor currently being used as storage.
Current use A1, change of use subject to planning permission
Front and side access with loading area for deliveries or 2 car parking spaces

Residentials
Consists of 10 Flats achieving an average of £1200 per calendar month
All flats currently Let on AST’s – Can be vacant subject to 2-month section 6A
Planning permission was granted for an additional floor in approx. 2009 which has lapsed
Currently Residential Income of £132,000 per annum.

Income:
Residentials: £132,000 P/A Approx.
Commercial: £130,000 P/A Approx. Expected
Total Reversionary Yield: 5.28% - Having potential to increase further

Viewings by appointed agents only, please contact Mr Wasim Rehman on wasim@residenzapropertiesltd.com.

End Terrace Industrial/Business Unit. Virtual freehold interest FOR SALE
( Agency Pilot Software Ref: 21326 )

The detached building was constructed in 1904, of brick elevations beneath a number of pitched tile and flat roofs, incorporating a church with balcony and tower hall and stage, meeting rooms, ancillary accommodation and stores, kitchen and WC facilities. There is internal access from the church hall lobby to a 2 bedroom maisonette that has not been used for some time.
( Agency Pilot Software Ref: 2041893 )

See Details. Price on Application.