Offices for sale

PENKETH BUSINESS PARK, LIVERPOOL ROAD, WARRINGTON WA5 2TJ

FULLY REFURBISHED
MULTI-LET INDUSTRIAL ESTATE
WITH EXCELLENT REVERSIONARY POTENTIAL

> A rare opportunity to acquire a fully refurbished multi-let industrial estate investment.

> Located in the North West’s premier industrial location, Warrington, within 1.5 miles of the town Centre with immediate frontage onto the A57 (Liverpool Road) which provides links to Junction 8 of the M62 Motorway.

> 30 units extending to 148,534 sq ft (13,799.15 sq m) with units ranging from 412 sq ft – 44,742 sq ft. Plus 21 storage units and a small parcel of land.

> 98% occupied with a triple net rental income of £559,117 pa.

> Freehold with a site area of 6.46 acres (2.61 hectares), providing a low site coverage of only 41%.

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.

Impressive freehold office building with vacant possession

12,250 sq ft net internal area, adjoining Highbury and Islington Station.

Of interest to owner occupiers and investors. Offers are invited in the region of £9,000,000.

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.

500 Chiswick High Road is located in an excellent, prominent situation in Chiswick town centre. It is 5 minutes’ walk from Chiswick Park Underground Station and 4 minutes’ walk east of the Gunnersbury Overground and Underground stations (District Line). Turnham Green is a short walk from the property providing public outdoor space. Chiswick High Road benefits from a generous retail offering a wide selection of cafes, pubs and restaurants nearby.

Two offices available on the ground floor of this, brand new, luxury residential scheme at 500 Chiswick High Road developed by Redrow. Unit 1 is an open plan office with contemporary exposed services and Unit 2 is a fully fitted office space ready for immediate occupation. These offices provide an opportunity to find an office to rent in Chiswick.

Key Features
• Fully fitted office space
• Mechanical heating/cooling system
• WCs incl. shower facilities
• Premium wood flooring with built in floor box power
• Glazed meeting spaces

Availability

Unit 1

Size: 1,792 ft2
Status: Available
Rent: £42.50 per sq ft


Unit 2

Size: 2127 ft2
Status: Available
Rent: £42.50 per sq ft


Contact information
Name: Alex Thomas
Phone number: 020 8748 1200
Email: athomas@frostmeadowcroft.com

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.

On behalf of the City and Guilds of London Institute Daniel Watney and Savills are delighted to be marketing the long leasehold interest in 1 Giltspur Street, London, EC1. Occupying a prominent position in the heart of Midtown, the building offers 23,805 sq ft of recently refurbished offices arranged over lower ground, ground and four upper floors.

The building is held long leasehold from the City of London for a term of 150 years from 24 June 1991 (approximately 123 years left unexpired) at a head rent equating to 7.5% of rack rental value. Vacant possession will be provided no later than 31st August 2019. Should completion of the transaction occur prior to this date the vendor will remain in occupation on terms to be agreed.

We are instructed to seek offers in excess of £17 million subject to contract and exclusive of VAT, for the long leasehold interest, reflecting a low capital value of £714 per sq ft.

Prominent 4-storey building within Milton Keynes town centre extending to approximately 34,832ft2 NIA, positioned on a site of circa 0.35 acres

Comprising 7 retail units at ground floor which are part let to various tenants (producing £110,130 per annum) with 28,466ft2 NIA of vacant office space across the upper floors

Planning permission for the conversion and extension of the building to provide 86 residential units (52 x 1 bed & 34 x 2 bed) totalling 48,457ft2 NSA

Offers are invited in excess of £9,000,000 for the entire freehold interest

Alternatively, offers are invited in excess of £7,500,000 for the freehold interest, subject to the retail units being retained by the Seller on a new 999 year lease

Modern self-contained office building in located off Cranmore Drive, close to Shirley town centre and very close to A34 Stratford Road.

- Modern self-contained office building
- High quality specification
- On site car parking
- May sell

Converted Office/Light Industrial Unit
providing Modern Working Space
Located within Attractive Courtyard Development in Village
Setting and with Private Parking
Area: 43 sq m (463 sq ft)

DESCRIPTION
The premises comprise a traditional single storey brick outbuilding with pitched tiled roof, tastefully converted for office/light industrial. Internally the space has been fitted out to provide a modern working environment with double glazed windows, glazed entrance doors, hard floor covering, wall mounted electric heaters, wall insulation, roof lights, strip and wall lighting, kitchenette and WC. The property also benefits from 2 car parking spaces.

SITUATION
The property forms part of a courtyard style development of around 6 similar business units with neighbouring occupiers including dental lab, swimgroup, care agency, hairdressers etc.

The premises are located in the pleasant village of Condover, with local amenities available in the village. Condover is ideally located for access to and from Shrewsbury (5 miles distant) and South Shropshire. It is also nearby the Shrewsbury ring road, with good road links via the A49, A5 and M54 to all parts of the order Counties and West Midlands area.

This prominent corner building offers approx. 1,848 sqft of office and ancillary accommodation arranged mostly over the ground floor, with a much smaller first floor. For the last 10 years the property has served as a neighbourhood office for the Metropolitan Police, but is now available with vacant possession. Previously the building was occupied by an accountancy practice, and before that by Natwest bank. Whilst fitted to a good standard the current layout is bespoke to the Police, and as such most occupiers will need to undertake some internal reconfiguration works. The property appears suitable for continued use as offices by accountants, solicitors, architects etc, or for a variety of alternative uses including A1 retail, A3 restaurant, A4 drinking establishment and A5 hot food takeaway (STPP). Development potential may also exist to add a full first floor (STPP).

Buildings from 10,000-100,000 sq ft can be accommodated on a bespoke basis. Premises are finished to a traditional 'shell and core' specification, or fully fitted out to your individual design specifications, thereby providing you with a tailormade 'turn key' solution.

The property provides a series of industrial / manufacturing premises on a large concrete site with the following specification:

• Fully bunded site with environmental waste permit
• Working height up to 8.17 metres
• Multiple ground level and raised loading doors
• Existing crane gantries
• Large power and gas supply
• Ancillary office accommodation
• Fully secure site with external flood lighting and CCTV

A modern office suite of 335 sq m (3,610 sq ft), comprising the first floor of a two storey purpose built office building. The property benefits from Category 2 lighting, suspended ceilings, electric heating, air conditioning to majority of areas and kitchen, cloakroom facilities and 26 allocated car parking spaces.
( Agency Pilot Software Ref: 445 )

A modern warehouse building with good quality office accommodation.

Located on a small development.

Single span steel portal frame construction.
Eaves height m.
Fully insulated profile metal cladding to all elevations and roof.
Intermittent roof light.
3 phase power.
Electronic roller shutter, loading door.

Location
Golborne is a small town between Warrington and Wigan where the usual local amenities are available.

Road connections are excellent with the property situated within 1 km of the A580 East Lancashire Road, which links Manchester and Liverpool and connects with the M6 Motorway within 3 km.

Accommodation
Internal Area
Warehouse 359.6 m 3,869 ft
Ground Floor Offices 116.1 m 1,249 ft
First Floor Offices 92.5 m 995 ft
Mezzanine Storage 49.0 m 528 ft
Total 617.2 m 6,641 ft

Services
Gas central heating to the office.
3 phase power supply.

Rates
Rateable Value: £26,000
Payable 2018/19: £12,818

Sale Price
Offers over £300,000.

Rental
The property is available by way of a new Tenant's full repairing and insuring lease for a negotiable term, at a commencing rental of £25,000 per annum exclusive.

Upwards only rent reviews will be at 3 yearly intervals

Tenure
Freehold.

Legal Costs
Each party to be responsible for their own legal costs
incurred in this transaction.

Contact
For further information or to arrange a viewing please contact Morgan Williams, 01925 414909.

Malcolm Morgan MMorgan@morganwilliams.com
Joshua Morgan JSMorgan@morganwilliams.com





( Agency Pilot Software Ref: 477 )

Marston Business Park is adjacent to Marston Park, a large new
development of 480 houses in the village of Marston Moretaine,
which has a range of local shops plus hotel. There are meeting
facilities at the adjacent Marston Vale Forest Centre. The A421
dual carriageway is close, which links the M1 Junction 13 and the A1 Black Cat Roundabout.

Marston Business Park is a high quality new development
providing a range of business units suitable for uses such as light industrial, R&D, offices, clinic, training and day care nursery. The units will be built to a high specification and can be finished to your requirements.

Possible uses include Light Industrial, R&D, Offices, Clinic, Training.

( Agency Pilot Software Ref: 2265 )

897 SqFt ( 83 SqM ) An end terrace corner property forming part of a terrace of local shops with residential upper and adjoining residential properties. A typically constructed building ranged over three floors with rendered elevations, bay front to first floor with a traditional shop front to the ground floor all under an interlocking tiled roof



(From Caldes Software. Property Ref: N17151. Jan 21 2019 2:06PM)

-PROMINENT RETAIL PITCH
-SUITABLE FOR ALTERNATIVE USE
-OFFERS IN THE REGION OF £200,000 TO BUY
-LEASE FROM £20,000 PER ANNUM
-INCENTIVES OFFERED
-DEVELOPMENT OPPORTUNITY
-SUB DIVISION POSSIBLE
-4,939 SQ FT

LOCATION

Kilmarnock is one of the principal towns in Ayrshire with a population of around 45,000 people and a wider catchment in the region of 90,000 people. The town is situated 25 miles south west of Glasgow city centre.

The premises are located within the pedestrianised section of Kilmarnock town centre, immediately adjacent to The Cross and King Street and in close proximity to the entrance to Burns Mall Shopping Centre.

Nearby occupiers include Peacocks, Sports Direct, Wetherspoons, Top Shop, Costa and the PRA Group, one of Kilmarnock’s largest employers with a workforce in the region of 300 people.

DESCRIPTION

The subjects comprise a two storey mid terrace property constructed in the late 1990’s. The building is of steel portal frame construction with sandstone effect block exterior whilst being surmounted by a pitched profiled sheet roof. The property benefits from a large return frontage.

Internally, the subjects provide large open plan retail area at ground floor level whilst the first floor provides storage space, office, tea prep area and w.c.’s

Subject to appropriate change of use, we believe the property would be well suited for multiple uses to include Class 1, Class 3 (Restaurant) and possibly class 11 (leisure/gym) to name some.

FLOOR AREAS

From sizes taken during our inspection we calculate the Net Internal Area measured in accordance with the RICS Property Measurement Professional Statement (First Edition, May 2015) to extend to:

Ground Floor 289.67m2/3,118ft2
First Floor 168.18m2/1,821ft2

PROPOSAL

Rental offers in excess of £20,000 per annum exclusive are invited. The premises are available on the basis of a new full repairing and insuring lease for a term to be agreed. The premises are also available for sale for offers in the region of £200,000.

RATING

The Rateable Value of the property is £37,250.

PLANNING

We understand that the property currently benefits from Class 1 (Retail) consent. Interested parties are advised to make their own enquiries directly with the local Planning Department.

CLOSING DATE

A closing date may be set and all interested parties should make a note of interest at the offices of the joint agent. We reserve the right to sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale or lease of the property.

VAT

All prices, premiums and rents quoted are exclusive of VAT.

EPC

G – A copy of the EPC and Recommendation Report can be provided upon request.

The premises comprise stylish re-developed office accommodation, arranged at ground and lower ground floor levels with impressive views of Kew Green. The office boasts excellent utilsation of space and natural light, and a decent internal layout with perimeter trunking, and effective spot lighting and timber and glass finish. WC facilities, built in storage and a kitchen point are located on the lower level.

Location

Location is on the north side of Curtain Road, in the heart of Shoreditch. The unit is adjacent to many boutique retailers and commercial users. Shoreditch continues to be one of London’s foremost vibrant hotspots and has experienced signifcant growth in the last ten years, with strong demand in both commercial and residential sectors. Shoreditch offers an abundance of niche retailers, fashionable restaurants and bars with an exciting array of private members’ clubs, new hotels and residential schemes.

The area is well served by London Transport via Shoreditch High Street (Overground) station and is within a short walk of Liverpool Street and Old Street stations, both of which offer underground, mainline and forthcoming Crossrail services.

Accommodation

Forming part of a new build mixed-use development comprising a Ground and Lower Ground office unit with excellent street frontage. The premises has its own street access and provides an open plan layout with a high quality ft-out including an exposed concrete ceiling and industrial style light fittings.

Ground Floor: 624 sq ft / 58sqm
Basement: 645 sq ft / 60 sqm
Total: 1,292 sq ft / 120 sq m

Town Centre Location
Potential For Sub-Division
Hot Food Consent Granted
Dedicated Yard / Parking
2,568sq ft
£29,000p.a.
Freehold Price on Application

Location

The subjects are situated on the West side of Union Street in Larkhall recessed from the B7078 which is the main thoroughfare through Larkhall itself. Larkhall is situated within the South Lanarkshire district approx 1.4 miles South East of Glasgow City Centre. The town centre is accessible via the M74 motorway along with a variety of public transport links via road and rail to Hamilton, Motherwell, Glasgow and Airdrie.

Neighbouring occupiers include Well Pharmacy, Co-Operative Food, Subway & B&M Home Bargains.

Subjects

The subjects comprise an extensive single storey former bank in an end terrace position within a prominent retail parade of traditional construction surmounted by a flat roof. The subjects benefit from extensive frontage with access via a DDA compliant automatic door leading to an open plan former banking hall with partitioned offices, staff facilities, strong room and w.c. facilities. Internally the subjects have been painted and decorated in accordance with the former occupier corporate colouring with floors having been overlaid by commercial grade carpeting and laminated timber. Lighting is provided by way of ceiling mounted fluorescent strips with heating provided via wall mounted electric heaters.
The subjects also benefit from a dedicated car park to the rear accessed via a lane to the gable end of the demise providing parking for 4 no. vehicles.

The subjects would lend themselves to a variety of alternative uses, restaurant*, retail*, medical*, showroom*, nursery*.

Area

The subjects have been measured on a Net Internal Area basis and have been calculated to extend to;

Ground: 238.57sqm (2,568sq ft)

NAV/RV

The subjects have been assessed and entered onto the valuation roll with the following NAV/RV;

£16,500

The subjects qualify for a discount under the Scottish government small business rates relief scheme, an incoming occupier would be entitled to apply for a rates appeal. Any party should satisfy themselves in respect to appeals and rates liabilities.

Proposal

The subjects are available on a new full repairing and insuring lease for a negotiable term for £29,000per annum. Our client would consider disposing of their freehold interest, price available on request.

V.A.T.

The subjects have not been elected for V.A.T.

E.P.C.

Available on request.

Viewing

By appointment via the marketing agents. For the avoidance of doubt, the cash machines have since been removed.

Legal

Each party shall bear their own legal costs incurred in the transaction

The property comprises of a four storey terraced office under a pitched tiled roof. The accommodation comprises of a ground floor reception, rear office with w/c facilities and rear store / meeting room. The first and second floor is configured whereby there is an office to the front and the rear of the property with the third floor historically being utilised as archive storage and has the potential to be utilised for further office space. The property benefits from a lot of the period features with the property being suitable for owner occupier or investor / developer.
( Agency Pilot Software Ref: 9327 )

Ground Floor Commercial Unit 212 sq m (2,285 sq ft)
FOR SALE
( Agency Pilot Software Ref: 3092 )

Existing Offices with Prior Approval to convert into four self-contained 1-Bed flats.
( Agency Pilot Software Ref: 265 )