Offices for sale

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

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.

Rare Freehold opportunity. A modern Hi-tech Industrial/Office unit finished to an extremely high specification with Planning consent for a variety of uses.

Key features:
• 4 - 6 car private parking spaces at the front
• Mezzanine steel structure with 3.25m clear height on the ground floor. Height to eaves is 6.6m
• Aluminium double glazed windows on both floors
• 3 Phase power electrics with ample socket outlets
• Electrically operated roller shutter loading door
• Separate kitchen area and WC on each floor
• Fire rated suspended ceilings

Special features:
• Air conditioning system Daikin Inverter in each room for comfort heating and cooling
• Air ventilation units with heat recovery Mitsubishi Lossnay for filtered fresh air provision
• CCTV and GSM Alarm systems
• Specially designed sound insulation to all walls finished with perforated metal panels
• Energy saving High output LED lighting throughout
• High specification designer tiling and plumbing supplies to WC’s
• PVC patterned floor coverings throughout
• Beam trolley hoist designed for lifting loads to the first floor
• Security electric remote controlled roller shutters for the openings on the ground floor
• Bespoke Glass partitions to offices
• Luxury fitted kitchen with solid oak worktops
• Energy saving extra thick additional Rockwool insulation to external walls and roof

Planning:
B1 (Offices, Research and Development, Light Industrial)
B8 (Storage and Distribution)

Business Rates:
Payable 2018/2019 = £11,192.19 per annum.

Location
• Chessington Industrial Estate is located extremely close to A3 with direct access to Central London. Further access to the M25 via A243 is just 5 miles distant or via A3 is some 8 miles away.
• Chessington North railway station is 10 mins walk with 35 mins direct trains to London Waterloo
• Regular K2 bus services to Kingston Upon Thames

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

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.

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.

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

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.

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 )

The property comprises a detached four storey former dwelling house, probably built in the late 19th Century of brickwork construction, with pitched tile covered roofs. The majority of windows are the original timber framed single glazed, double hung sashes and vertical blinds, but there are timber framed double glazed ‘Velux’ style windows at second floor level.

The accommodation is arranged to provide offices on ground, first and second floors, together with basement storage. The ground floor comprises a front hall and central corridor, off which are two smaller offices and one larger open plan office, in addition to a kitchen and WC (disabled). Stairs lead to the first floor landing and corridor, off which are a further four offices and a WC. The stairs also lead up to the second floor landing and corridor, off which are two offices, a WC and a store room. The basement is separately accessed from an external door and comprises several interconnected store rooms.

In general, the offices have carpeted floor coverings with emulsion painted walls and ceilings with surface mounted fluorescent lighting. A gas fired central heating system heats the ground and first floors whilst the second floor office has electric wall heaters. The kitchen has fitted units including a stainless steel sink.

There is a tarmacadam surfaced car park with approximately 16 spaces accessed from Heathville Road.

Please find Informal Tender Document in downloads.

For Sale by Informal Tender. Closing date for tenders by 12PM on 31st January 2019.

The property has an Energy Performance rating of E-110. Certificate Ref. No. 9478-3016-0986-0200-9305.

Location
The parade of which the property forms part is situated on the north side of Church Lane at its junction with All Saints Close. Doddinghurst Infant and Junior Schools lie on the opposite side of the road. Brentwood lies approximately 5km to the south.

The premises are conveniently located to serve the local community and surrounding villages.

Accommodation
Purpose built convenience store and post office at the end of a parade of six small shop units with residential there-over. The demise includes two self-contained, vacant flats. Additionally, there are two garages which are situated to the rear of the premises. To the front of the parade there is customer parking for approximately 25 vehicles. To the rear there is a service area.

Rare Freehold opportunity. A modern Hi-tech Industrial/Office unit finished to an extremely high specification with Planning consent for a variety of uses.

Key features:
• 4 - 6 car private parking spaces at the front
• Mezzanine steel structure with 3.25m clear height on the ground floor. Height to eaves is 6.6m
• Aluminium double glazed windows on both floors
• 3 Phase power electrics with ample socket outlets
• Electrically operated roller shutter loading door
• Separate kitchen area and WC on each floor
• Fire rated suspended ceilings

Special features:
• Air conditioning system Daikin Inverter in each room for comfort heating and cooling
• Air ventilation units with heat recovery Mitsubishi Lossnay for filtered fresh air provision
• CCTV and GSM Alarm systems
• Specially designed sound insulation to all walls finished with perforated metal panels
• Energy saving High output LED lighting throughout
• High specification designer tiling and plumbing supplies to WC’s
• PVC patterned floor coverings throughout
• Beam trolley hoist designed for lifting loads to the first floor
• Security electric remote controlled roller shutters for the openings on the ground floor
• Bespoke Glass partitions to offices
• Luxury fitted kitchen with solid oak worktops
• Energy saving extra thick additional Rockwool insulation to external walls and roof

Planning:
B1 (Offices, Research and Development, Light Industrial)
B8 (Storage and Distribution)

Business Rates:
Payable 2018/2019 = £11,192.19 per annum.

Location
• Chessington Industrial Estate is located extremely close to A3 with direct access to Central London. Further access to the M25 via A243 is just 5 miles distant or via A3 is some 8 miles away.
• Chessington North railway station is 10 mins walk with 35 mins direct trains to London Waterloo
• Regular K2 bus services to Kingston Upon Thames

Interesting Development Opportunity
Offices, Workshop & Store
Freehold For Sale
Planning For Conversion To 3-Bed House
Workshop 586 sq ft (54.4 sq m) + 1st floor office/store 545 sq ft (50.6 sq m).
Office 199 sq ft (18.5 sq m).
Store 190 sq ft (17.7 sq m).
Total overall 1,520 sq ft (141.2 sq m).
Attractive brick pavioured driveway/parking area.

Auckland House will provide a detached four-storey individually designed office building

Freehold office investment for sale currently producing a rental income of £59,852 pax (with potential for a rental income of £67,544 pax).

The property benefits from a large car park - providing one of the best parking ratios in the area.

There is also an opporunity to purchase the neighbouring site of 0.10 acres by way of separate negotiation.





( Agency Pilot Software Ref: 764 )

Located on this popular business park, Building 530 is a self contained office providing open plan accommodation over ground and first floor - due to be refurbished.

28 on site car parking spaces.

New lease available - £18.50 per sq ft, pax.

The freehold may also be available to purchase.
( Agency Pilot Software Ref: 762 )

Grade II listed former Municipal Offices
Newark Town Centre Location
Gross internal area 12,443 sq ft arranged over 3 floors
Surrounded by residential, offices and cinema complex
Suitable for a variety of uses subject to planning

Joint agents with Auction Estates Nottingham - The property is being entered into 28th February auction at Nottingham Racecourse

First Floor Office Extending to c. 2,200 sq. ft.
The subject property extends to approximately 2,200 sq. ft. at first floor level. Internally the unit is finished with tiled floors, painted and plastered walls, suspended ceiling with fluorescent strip lighting. The accommodation includes a Kitchen area, storage and WC. The accommodation is accessed via an attractive entrance foyer and serviced by a disabled lift and staircase.

Freehold Investment For Sale – Offers Invited in the Region of £350,000. Fully let self-contained retail unit with basement, together with offices on upper floors. Located in a busy retail position close to the centre of Caversham, producing an annual income of £23,700. Possibility of residential conversion subject to obtaining vacant possession and planning consents.

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.

A mid terraced office unit with basement space situated on a retail parade, with rear access and front forecourt. The premises benefits from air conditioning, partial perimeter trunking, double glazing and spot lights. There is a kitchenette to the rear of the ground floor and male & female WC'S in the basement.

We have been advised that the residential upper parts have been sold off on a long lease.

( Agency Pilot Software Ref: 4356 )

Period Office Premises with the potential for a residential conversion (subject to planning)
( Agency Pilot Software Ref: 263 )