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.
OFFICE INVESTMENT OPPORTUNITY OR RESIDENTIAL/ STUDENT DEVELOPMENT
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%.
Cleveleys Road, Penketh Business Park, Warrington, WA5 2TJ
Type: Industrial, Business park, Land, Offices, Commercial Land
Cleveleys Road, Penketh Business Park, Warrington, WA5 2TJGBWarringtonCheshireWA5 2TJCleveleys Road, Penketh Business Park
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.
1, Giltspur Street, London, EC1A 9DD
1 Giltspur Street, EC1A 9DDGBLondonGreater LondonEC1A 9DD1, Giltspur Street
Currently trading as Tangia Ltd (Serving Authentic Moroccan Foods with Various Alcohol Spirits and Wine) since 2014 on one of London, Tooting’s Busiest Main Road. Units of this calibre, location and style are very difficult to get hold off.
Lease – 17 Years remaining as of 2017, within the Landlord and Tenant Act 1954 (Automatically Renewable)
Rent £25,000 per annum Rates TBC with Local Authority Premium £139,000 GUIDE (Negotiable)
Tangia Ltd (The Unit) - Complete Bi-folding shopfront doors giving additional attraction and outside dining space for the summer. - Moroccan Furnishings and Décor throughout creating the traditional Moroccan Atmosphere - 45 Covers - Bar stool seating around the Service Counter - Fully Airconditioned - 3 Toilets – 1 for Staff - Huge Fully Equipped Trade Kitchen with Large Extraction System - Rear Access with Car Parking Space - One of the Top Restaurants on Trip Advisor and Updates of events on Facebook with over 1000 followers. - Turnover of £240,000 as of 2016 -
Current Operating Hours Mon - Closed Tue – Fri - 6pm – 11pm Sat - 4pm – 11pm Sun - 4pm – 10pm
Due to other Business commitments the current Leaseholder has not been able to exercise the full potential of this Business. You can increase custom by simply opening on Mondays and afternoons to accommodate for Lunch time trade as well as signing up with more online delivery services like Just Eat/Hungry House/Uber Eats etc.
Regardless of the time of day, footfall is both high and consistent. I advise you get a feel of the area before/after viewings and see this for yourself.
To book viewings - Call Residenza Properties Ltd NOW
Rare A3/A5 Use Business with Alcohol Well-Positioned on a Main High Street in Tooting, SW17.
Type: Restaurant/Cafes, Other, Business park, Other Property Types & Opportunities, Offices
Ground Floor Retail Unit High St Location Double Frontage 2,963sq ft £19,000per annum Freehold Price on Application
The subjects are situated on the West side of High Street just North of its junction with Walters Wynd within the town Hawick. Hawick is one of the main towns within the Scottish Borders, benefitting from a population of approx 15,000persons. The town is accessed via the A7 road between Edinburgh and Carlisle along with being easily accessible from Galashiels, Jedburgh & Selkirk with excellent Raul links to Glasgow & Edinburgh.
The subjects comprise a ground floor retail unit within a 3 storey mixed use building of traditional construction. The subjects benefit from a prominent double frontage with 3 large display windows, with access gained via a double aluminium framed glazed door.
Internally the subjects are presented in a high specification with floors being overlaid with high grade commercial linoleum throughout, lighting is provided by low voltage LED grids, recessed within the suspended acoustic tile ceiling. Internally the subjects have been partitioned to form large open plan sales area to the front with loading and ancillary storage to the rear with rear access door also. The unit benefits from well presented staff facilities & W.c’s.
The subjects have been assessed and entered onto the valuation roll with the following NAV/RV
The subjects are available by way of a new Full Repairing and Insuring Lease for a negotiable term for £17,000per annum. Our client is offering their freehold interest in the subjects, price available on application.
Prices quoted are exclusive of V.A.T
Available on request
Via appointment with the marketing agent
TO LET / FOR SALE: 53 High Street, Hawick - STUNNING HIGH ST RETAIL UNIT WITH STORAGE
Type: Retail, Mixed use, Retail - High Street, Restaurant/Cafes, Office, Showroom, Other Property Types & Opportunities, Offices
53 High Street, TD9 9BPGBHawickScottish BordersTD9 9BP53, High Street
The property has just been redeveloped to provide three ground floor shops with apartments above. Each shop has its own toilet and kitchenette with separate services. There is a shared courtyard at the back with bin store and separate access for bins and servicing. One of the shops is already let. Two shops are available to lease or for sale with these approximate floor areas: 3 Parsons Street: 566 sq ft 3a Parsons Street: 854 sq ft
Town Centre Shops for Sale or Lease
Type: General Retail, Retail - High Street, Office, Retail, Offices
3 and 3a Parsons Street, Banbury, OX16 5LWGBBanburyOxfordshireOX16 5LW3 and 3a, Parsons Street
The property comprises a well presented two storey office building providing a Total Net Internal Floor Area of approximately 6,212 ft sq (583.31 m sq). The building was constructed in 2006 to the following specification:
Steel portal frame, with micro-rib clad elevations and a metal clad pitched roof Raised flooring LG7 compliant lighting Comfort cooling Gas fired central heating Male and Female WC's Passenger lift
( Agency Pilot Software Ref: 2041824 )
Unit 5 Puma Court, King Business Park, Knowsley, L34 1PJ
Type: Office, Offices
Unit 5 Puma Court, King Business Park, Knowsley, L34 1PJGBKnowsley, PrescotL34 1PJKings Drive
Class A2 Office Premises with potential for conversion
- Town centre location close to the Market Hill - Grade II Listed Building with potential for a variety of alternative uses, subject to planning - Net internal area 203 sq m (2,182 sq ft) - Gross internal area 219 sq m (2,361 sq ft)
- Offers invited in the region of £485,000 ( Agency Pilot Software Ref: 14868804 )
26 Church Street, Woodbridge, IP12 1DP
Type: Office, Retail - High Street, Land, Retail - High Street, Offices, Retail, Commercial Land
26 Church Street, Woodbridge, IP12 1DPGBSuffolk Coastal, WoodbridgeSuffolkIP12 1DP26, Church Street
The property comprises two office investments of 242.2 sq m (2,607 sq ft) in total, located on Oxon Business Park, to the west of Shrewsbury. The buildings are single-storey and attached and have the ability to interconnect. The property offers flexible accommodation alongside 16 parking spaces and can be purchased as separate buildings or as a whole.
There are currently four licence agreements in place, bringing in a total net income of £24,000 per annum. The income is attached to 55% of the floor space and there is scope to reorganise and create more lettable space.
The accommodation benefits from suspended ceilings, carpeted floors and superfast fibre broadband. 4 Darwin Court has an air conditioning unit in the reception area.
Shrewsbury is the County town and principal administrative centre of Shropshire and is situated approximately 12 miles west of Telford, 45 miles north west of Birmingham and 45 miles south of Chester.
The park is located on the west side of the town, just off the A5, which gives easy access to the M54 motorway. It is home to a number of occupiers that include Severn Trent Water, as well as other financial, professional and health operators.
Units 3 & 4 Darwin Court, Oxon Business Park, Shrewsbury SY3 5AL
Type: Office, Business park, Offices
3 Darwin Court, Clayton Way, Oxon Business Park, SY3 5ALGBShrewsburyShropshireSY3 5ALOxon Business Park, Clayton Way
Robert Luff & Co are delighted to offer this rarely available freehold shop ideally situated in the favoured Tarring/West Worthing location yards from the mainline station with local amenities. This ground floor freehold double fronted unit is available with full vacant possession and would suit either an owner occupier or it would make a fantastic little investment. We would anticipate being able to let the shop quickly at a strong rent in the region of £11,000pax.
18-20 South Street, Worthing, West Sussex, BN14 7LH
Type: General Retail, Retail - High Street, Retail - Out of Town, Restaurant/Cafes, Office, Healthcare, Other, Retail, Offices, Other Property Types & Opportunities
18-20 South Street, BN14 7LHGBWorthingWest SussexBN14 7LH18-20, South Street
The Stoke Marina development comprises 386 private, affordable and extra care apartments and houses. The ground floor commercial units are prominently located to the front of the scheme, along Stoke Quay Road, overlooking the River Orwell.
The premises have planning consent for a wide variety of uses including Classes A1-A5, B1 offices, D1 and D2 of the Town and Country Planning (Use) Classes order 1987. Planning Ref IP/10/00867/FUL/.
The property is for sale with vacant possession on the basis of a 250 year lease subject to a ground rent of £300 pa increasing every 25 years for the first 100 years, then to RPI every 25 years thereafter.
Long leasehold 8 commercial units fitted to shell specification
Prominent High St Location 10 year lease Full Repairing & Insuring Passing Rent: £13,000p.a. V.A.T. Free Rates Exempt £130,000
Location The subjects are located within Paisley town centre surrounded by a host of local and national retailers along with serving the newly expanded University of West of Scotland campus. The subjects are situated on the North side of High Street close to its junction with New St which is one of the main vehicular thoroughfares through Paisley town centre. Neighbouring occupiers include Marks & Spencer, Sports Direct, Spec Savers and TSB Bank.
The subject property comprises a ground floor and basement mid terrace retail / office unit within a larger 4 storey traditional blonde sandstone development with both retailers and office premises surrounding. The subjects benefit from a prominent frontage inviting any incoming occupier to erect bold signage to the front elevation of the property. Internally the subjects offer main open plan office area with private office along with w.c. and tea prep facilities to the rear. The subjects at ground floor have been decorated to a high standard, walls having been lined, plastered and painted with floors being overlaid by commercial laminated timber and lighting provided by way of spot lighting recessed within a suspended tile ceiling.
The basement of the subjects benefit from 2 no. rooms primarily utilised for storage however may lend themselves to alternate use for a occupier.
The subjects benefit from alarm system and wired for extensive dome camera cctv system throughout.
Investment Tenant: Wake & Vape Ltd Term: 10years Expiry: October 2027 Rent: £13,000per annum Review & Break: 5th Anniversary Deposit: £3,750 held until the 3rd anniversary
Proposal Our client is offering their freehold interest in the subjects for £130,000 representing a Gross Initial Yield of 10%
V.A.T. All prices and premiums quoted are exclusive of V.A.T. The subjects have NOT been elected for V.A.T.
E.P.C. Available on request
PROMINENT TOWN CENTRE INVESTMENT AVAILABLE 10% YIELD
Type: Retail, Office, Retail - High Street, Offices
26 High Street, PA1 2BSGBPaisleyRenfrewshirePA1 2BS26, High Street
Location The property is centrally located in the sought after East Berkshire town of Wokingham. it is adjacent to two large, public car parks and a very short walk to the busy town centre, with its many amenities, shops, pubs and restaurants. The mainline railway station serving London Waterloo and Reading, is also within easy waking distance.
Description Staverton House is a charming blend of period style with modern facilities, including double glazing, air conditioning and a contemporary fit out with a high standard of finish. The accommodation includes a mixture of directors offices, meeting rooms and open plan offices. There is a well fitted kitchen, staff room and well appointed male and female WCs. The whole is arranged around two small courtyards with a garage and directors parking. Grade II listed.
EPC Band F - 130. (Dating from 2011, prior to refurbishment)
Tenure The property is available Freehold, with vacant possession. Price on application.
Business Rates Rateable Value £36,500 Business Rates Payable 2018/19 £17,280
VAT All figures quoted are exclusive of VAT, which may be chargeable.
Legal Costs Each party will be responsible for their own legal costs.
Location Hartdene House is conveniently located close to the centre of Bagshot, within easy walking distance of the shops and rail station. There is rapid access to the A30 and Junction 3 of the M3, just one junction from the M25, making this a very practical business location.
Description Constructed in 2003 to modern building standards but to an attractive, traditional design. The white rendered walls are complemented by a genuine slate roof. The windows are double glazed with laminated glass throughout. The doors are oak paneled with solid brass door furniture.
EPC Office Suite 1 - Band D, 80 Office Suite 2 - Band E, 108 Flat - Band C, 75
Business Rates and Council Tax Office Suite 1 - Rateable Value £8,600 Office Suite 2a - Rateable Value £9,100 Office Suite 2b - Rateable Value £2,275 Penthouse Flat - Council Tax Band C (Please confirm these figures with the local authority, Surrey Heath)
Areas Office Suite 1 810 sq.ft (NIA) 878 sq.ft (GIA) Office Suite 2a 1st Floor 979 sq.ft (NIA) 1,192 sq.ft (GIA) Office Suite 2b Ground Floor 188 sq.ft (NIA) 353 sq.ft (GIA) Penthouse Flat 2nd Floor 1,050 sq.ft (GIA) Total 3,473 sq.ft (GIA)
Rent Payable (Excluding VAT which we understand is chargeable) Office Suite 1 - £21,600 pa (ERV) Available Office Suite 2a - £23,500pa LET Office Suite 2b - £6,000pa (ERV) occupied by building owner Penthouse Flat - £12,300 pa LET Total Rent £63,400 pa (if fully let, as above)
Legal Costs Each party will be responsible for their own legal costs.