Offices 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.

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.

TROPHY ASSET RETAIL/OFFICE INVESTMENT FOR SALE IN UNRIVALLED WEST END LOCATION

GROUND FLOOR RETAIL LET TO A PRIME RETAILER WITH 4 FLOORS OF SELF-CONTAINED

REFURBISHED OFFICES ABOVE

7,462 SQ FT PRODUCING £538,115 PER ANNUM.

ERV APPROX. £700,000 P.A.

VIRTUAL FREEHOLD

OFFERS INVITED IN THE REGION OF £17M

SUBJECT TO CONTRACT AND EXCLUSIVE OF VAT

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.

FOR SALE

A 410 Sq M (4,421 sq ft) modern detached former training college on a large plot situated close to Warminster Town Centre.

Suitable for alternative uses, subject to planning permissions

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.

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%.

Freehold office building currently comprising approximately 22,364ft2 (GIA) over ground, 1st, 2nd, 3rd and 4th floors

Planning permission granted for a new build development totalling 37,606ft2 (NIA), comprising 32,699ft2 (NIA) of office space and 4,907ft² (NSA) of residential accommodation across 8 units

Located within a vibrant and exciting ‘tech belt’, 400 metres south of Angel Underground Station (proposed for Crossrail 2) with a unique offering of leisure, retail and social opportunities

Offers invited in excess of £13,000,000 which reflects a low capital value of £581 / ft2 on the existing GIA and £345 / ft2 on the consented scheme, subject to contract

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 )

Former office premises situated just off Cromwell Road and adjacent to Hobsons Playground and Allama Iqbal Community centre. Planning consent for B1 use but considered suitable for a variety of uses including D1 and D2 uses, as well as potential for residential conversion (subject to planning). Large car park to front with spaces for 22 cars. Property to be sold freehold with vacant possession on completion. PLEASE NOTE there is NO VAT PAYABLE on this property.
( Agency Pilot Software Ref: 16606 )

Number 61 is located on the ground floor of traditional Victorian property dating from 1877, which we understand was originally part of a malthouse development. The subject property enjoys direct frontage onto Mortlake High Street.

The property measures circa 857 sq. ft. (79.7 sq. m) GIA.


TENURE
Each property is available to purchase on a ‘virtual freehold’ basis; namely on a 999-year lease from 24 March 2000 at a peppercorn rent.

SALE PRICE
£470,000, (Four Hundred & Seventy Thousand Pounds). VAT will apply in addition.

CAR PARKING
On-street business car parking permits are available from London Borough of Richmond, who wish to support and encourage employment generating uses in the Borough. Permits are reasonably prices for businesses in Zone M, being £155 pa for the first car, £234 pa for the second car, and £310 pa for the third car upwards. Up to 5 business permit spaces are available with no 61. Business permits can be used throughout the CPZ Zone M, (not just in spaces allocated for business use), which are otherwise only controlled during the hours of 9.00 – 11.00 Monday to Friday. Visitors and employees needing space outside these restricted hours may park in allocated CPZ zones free of charge.

BUSINESS RATES
Presently, the assessment has been removed from the rating list, whilst redevelopment works are undertaken. The assessment was £12,000. If this were to remain unchanged when reinstated, businesses with no other commercial premises could apply for full exemption from payment of business rates. Further details from London Borough of Richmond.

NOTE
This property is not suitable for residential conversion, as it has been identified by London Borough of Richmond as being worthy of employment generating protection from Permitted Development rights, (by way of Article 4 exemption).

For further information or viewings please contact joint agents Vokins ( 020 8400 9000) or Featherstone Leigh ( 020 8332 2707)




Accommodation:
Floor Area: 857.00

Situated within the London Borough of Richmond upon Thames, Mortlake is an established, attractive and desirable south west London location. It is situated approximately 6 miles from central London and is bounded by Chiswick to the north, East Sheen to the south, Barnes to the east and Richmond to the west.

Mortlake enjoys good transport links with Barnes Bridge mainline railway station circa 850m to the north east and Mortlake mainline railway station circa 340m to the south west of the site, providing regular services to Richmond (4 minutes) and London Waterloo (23 minutes).

Mortlake is served by various bus routes with a bus stop a few metres away from the main entrance to the site offering access to the 419 (Richmond to Hammersmith), 969 (Roehampton Vale to Whitton) and the N22 (Fulwell to Piccadilly Circus).

Road links from Mortlake are also very good; Junction 1 of the M4 is approximately 2 miles to the north and can be accessed via Mortlake Road (A205). The M3 is approximately 7.5 miles to the south

A high quality and modern industrial property located just east of Sheffield in close proximity to Junction 31 of the M1 motorway. The location benefits from good accessibility to the regional road network and Sheffield City Centre.

- Modern ‘Grade A’ type 2-storey offices incorporating raised floors, suspended ceilings
- Category ll lighting, air conditioning and an 8-person lift
- A useful mix of open-plan office areas along with partitioned offices and meeting rooms
- Excellent staff amenities including WC’s and a large, modern kitchen area
- Heated and well-lit industrial areas with a working eaves height of 6.75m
- A useful mezzanine proving additional stores
- 2 large service doors providing easy transit of goods in and out of the adjacent yard
- Additional detached stores and plant room
- Available with vacant possession

The property is located on Oliver Business Park off Oliver Road and Great Central Way in the heart of the Park Royal Industrial Estate. The A40 Western Avenue is a short distance to the south of the property and provides access to Central London to the east and the M40 and M25 motorways to the west.

The area is well served with public transport; North Acton Underground Station (Central Line) and Harlesden (National Rail / Bakerloo Line) are both within walking distance of the premises and provide a regular service to Central London. A number of bus routes also operate throughout the area, most notably from the Central Middlesex Hospital and ASDA Superstore which are both within walking distance.

The property comprises a modern, mid-terraced two storey business unit incorporating warehouse space on the ground floor and fully fitted partitioned offices on the first floor. The unit is of steel frame construction with part brick / part clad elevations and benefits from a clear height of 3.35m on the ground floor. Access to the property is via a shutter door (height 2.1m and width 2.1m) or separate staff entrance with door entry system.

The available space is fitted to a good specification and benefits from the following amenities, W.C facilities, kitchenette, 3 phase power, central heating, air conditioning, 5 allocated parking spaces and fully fitted soundproofed studio.

The property is a semi-detached business / office unit of steel frame construction with low level brickwork and profiled metal clad to eaves and a pitched roof. Internally, the property is configured with a large proportion being open plan office accommodation and ancillary kitchen / WC facilities, and part being in a shell condition ready to be fitted out or used for storage / workshop space. The office accommodation has been refurbished and includes underfloor trunking, suspended ceiling with recessed LED lighting and air conditioning.

Externally, the property is situated within a gated compound providing parking for approximately 20 vehicles. In addition there is a gravelled area to the side of the property with potential for further parking to be created.

Description
The offices comprise converted traditional agricultural buildings which have been fitted out to a high quality. Features include Cat 5 cabling and individual patch panels, LG3 lighting, comfort cooling/heating, disabled lifts to first floor accommodation, carpet tile floor covering. There is generous car parking allocated to the units.

Tenure
Units 1 & 2 are let to NFU Mutual Insurance Society Ltd at a rent of £38,784 p.a.x. on a 15 year lease expiring in March 2021.
Unit 3 is under offer to Funeral Safe Ltd at a rent of £27,504 p.a.x. on a 5 year lease expiring 2023.
Unit 4 is let to Porterhouse Building Services Limited at a rent of £8,100 p.a.x. on a 5 year lease expiring 2023.
Unit 5 is let to Ipswich 102 Ltd on a 12 year lease for £13,250 for years 1&2 rising to £13,750 p.a.x.
Unit 5A is let to Exquisite Homes Limited at a rent of £9,512.50 p.a.x. on a 5 year lease expiring 2023.


Accommodation (all areas are approximate)
Units 1 & 2 308.98 sq m 3,326 sq ft
Unit 3 212.93 sq m 2,292 sq ft
Unit 4 60.20 sq m 648 sq ft
Unit 5 102.19 sq m 1,100 sq ft
Unit 5A 70.7 sq m 761 sq ft
Total Floor Area 755 sq m 8,126 sq ft

Hawthorne and Strathmore are modern detached high quality office buildings providing excellent open plan office accommodation.
( Agency Pilot Software Ref: 2042084 )

VIRTUAL FREEHOLD

Location

The property is located occupying a prominent position in the heart of the professional quarter, and within the Cathedral Conservation area. Directly opposite are the grounds to the Cathedral, and there are two NCP multi-storey car parks within 300 metres. The property is within a very short walk of the main retail area on Fargate/High Street.

Description

A four storey structurally detached self-contained building totalling approximately 6,210 sq ft net internal. There are two ground floor entrances, the right hand entrance leading to an impressive reception area, whereas the left hand entrance leads to the main staircase and the passenger lift. The accommodation has the benefit of suspended ceilings, comfort cooling, and perimeter trunking.

Accommodation

|     |  Sq M  |  Sq Ft |
|  Ground Floor  |  128  |  1,378 |
|  First Floor  |  148  |  1,593 |
|  Second Floor  |  145  |  1,561 |
|  Third Floor  |  156  |  1,678 |
|  Total  |  577  |  6,210 |

 

Planning

Planning permission has recently been granted conditionally for the following proposals: 1.) Use of office building (Use Class B1) as 24 no. apartments (Use Class C3). Reference: 18/02722/ORPN. Decision date: 5th October 2018. 2.) Use of ground floor as residential amenity space, single storey extension and alterations to roof to form terrace, installation of living wall and replacement ground floor windows to front elevation. Reference: 18/03/175/FUL. Decision date: 10th December 2018. Interested parties should make their own enquiries of Sheffield City Council Planning Department.

Tenure

The property is part freehold and part leasehold for the residue of a term of 450 years from 1742 at a fixed nominal ground rent. The ground rent has not been demanded in living memory. The property is therefore a virtual freehold.

Price Required

Terms on Application. Please note VAT will be levied on the purchase price at the prevailing rate.

Comprising new office accommodation over ground and first floors. Forming part of a boutique mixed-use development the oces will be finished to a full Cat. A specification. Private garden situated on the ground floor.
For sale by way of long leasehold (tenure 999 years) or To Let. Freehold available by separate negotiation. Due for completion Autumn 2018.

Further details available upon request.
( Agency Pilot Software Ref: 1906 )

Prominent, town centre property, consisting of a former Bank and Public House, Ground and First Floor Offices, Residential Apartment and two adjacent car parks. Forming a desirable opportunity for acquisition for owner occupiers, investors and developers alike.
( Agency Pilot Software Ref: 103715 )

The unit occupies the ground floor office accommodation of the stand alone building to the left of the highly secure gated one way entrance, which is controlled via a key pad entry system. The office itself is a two storey brick construction, with both fire and security alarms, accessed via a shared entrance with the office directly above. The unit is fully double glazed, with electric heating, Category 5 cabling throughout, two shared WCs and a shared kitchen on the first floor. The unit also benefits from 3 specific car parking spaces and the permits associated, although there are plenty of excess visitor parking spaces available around the development.

( Agency Pilot Software Ref: 459 )