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.

FREEHOLD CITY CENTRE OFFICE BUILDING WITH DEVELOPMENT POTENTIAL

94,120 sq ft GIA
Total of 107,812 sq ft GIA Proposed STPP

• PDR approval for conversion to residential
• Planning approval awaited for additional storey providing an additional 13,692 sq ft GIA
• Suitable for residential, student accomodation or hotel use (STPP)

Modern detached warehouse/production unit. Prestigious roadside location. Fitted office area. 4,742 m² (51,046 ft²).

Location
Westmead Industrial Estate is an established and successful employment area, well located within the town. Junction 16 of the M4 is approximately 2 miles to the south. The estate benefits from dual carriageway access via Great Western Way (the A3102).

Unit 3 Pagoda holds a prominent roadside location fronting onto Westmead Drive.

Description

Unit 3 Pagoda is a purpose built detached warehouse/production facility with fitted offices at first floor. The unit is situated in a quality landscaped environment. The building is of steel framed lattice beam construction with brickwork and vertical profiled cladding.

Access to the first floor offices is gained via a ground floor reception. The specification includes gas fired central heating, suspended ceilings with integral lighting, carpets and an 8 person lift.

There is on site parking for 100 cars and a loading/circulation yard to the rear.

Eaves 6.7m to underside of roof beam

Floor loading 750lbs per sq ft

4 loading doors with the opportunity of adapting these into dock level subject to the necessary permission

Gas fired heating

8 person passenger lift

EXPRESSIONS OF INTEREST SOUGHT

Prominent location within Colchester’s main business park, with excellent access to road and rail infrastructure
and benefitting from both business and leisure facilities nearby.

In submitting an expression of interest parties should provide sufficient information that the viability of any proposal can be assessed, including potential planned uses and details of funding.

A 1 million sq ft business park offering office, industrial and hotel bespoke opportunities, freehold or leasehold.

A VISION FOR SOUTHEND
A landmark development comprising an area of c. 20.88 hectares, Airport Business Park will be located immediately adjacent to London Southend Airport and just 2.3 miles from the modern passenger terminal building.

Airport Business Park provides a new vision for Southend, supporting the economic prosperity of the local and wider region. It will create employment and deliver a pioneering innovation centre for start-up businesses together with grow on space.

CONNECTIVITY
Airport Business Park will benefit from next generation
connectivity. The site sits adjacent to Europe's fastest growing airport offering direct services to 22 European destinations.

Airport Business Park being located within the Thames Gateway, a national priority area for growth and regeneration allowing in the region of £62m of capital investment funding to be identified within the South East LEP Growth Deal and Economic Plan over the next five years for both the A127 and the immediate vicinity of the park.

Additionally, Southend is well serviced by two mainline stations. Central London can be reached in approximately 53 minutes with direct services to Liverpool Street and
Fenchurch Street.

A VARIETY OF BUSINESS OPPORTUNITIES
Airport Business Park offers a wide range of business uses including:
- Office Schemes
- Industrial Warehousing
- Hotel Facility
- Innovation Centre
( Agency Pilot Software Ref: 8903105 )

Prominent period building with planning permission for retail, office and residential development.

The property comprises a four storey building plus basement. The ground and basement levels are in retail (A1) use; the first and second floors consist of B1 floorspace (which is currently partly occupied); and the third floor is residential (vacant).
Planning permission has been granted for rear extensions to create enlarged retail space at basement and ground floor, retention of existing office space at first and second floors, and three flats arranged over first to third floors (2 x 1 bed flats and 1 x 2 bed flat).

The consented accommodation comprises 2,993sqft GIA of retail, 1,636sqft GIA of office accommodation, and 2,077sqft NSA of residential accommodation.

The freehold interest is available 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.

The property includes a large yard area which is shared in part with the adjacent occupier. Approximately 2,264.49 sq. m. (0.559 acres) of yard is available excluding parking.

In the main the property comprises brick built offices with flat roof with the addition of a steel frame workshop with profile clad elevations and roof.

The offices generally include carpet to the floors, air cooling, data points, windows, radiators supplied by gas fired boiler and good natural light. The offices are served by ladies and gents WC facilities, the ladies doubling up as a disabled facility. The space also comprises a kitchen which includes base and wall units and stainless steel sink and drainer.

The workshop includes concrete floor, three phase power, three electric loading doors, fluorescent lighting, two gas blower heaters and an eaves height of 5.37 metres rising clear.

The property generally includes burglar alarm, fire alarm, solar panels, gas fired heating, air cooling to the offices, 26 normal parking spaces, one disabled space, all contained within a secure fenced and gated yard.

( Agency Pilot Software Ref: 2754 )

The property is a period single storey former School House which has been converted and extended, with a most recent extension to provide a caf�.

The School House provides a range of cellular rooms providing community based meeting and functions room, kitchen, kitchen preparation areas and associated WC facilities.

The most recent addition to the building is a new Caf� which provides a seating area of 49 sq m (537 sq ft) with ancillary WC area and utilises a food preparation area.

The property is of traditional construction with a pitched tiled roof and benefits from a large car park surrounding the property for 26 cars plus 2 disabled.
( Agency Pilot Software Ref: 334790 )

LOCATION
The offices are situated one mile north of Newcastle upon Tyne City Centre in an established residential area that also contains a new Care Home and Newcastle High School for Girls.

DESCRIPTION
The building is Grade 2 listed. The premises comprise four principal buildings together with two lodges.

LEASE DETAILS AND TENANCY SCHEDULE
There are five major tenants who account for 81.4% of the total Rental Income of £308,986 p.a. These are:-

Square One Law (Anson) £85,000
Square One Law (Collingwood) £22,500
Speedflex UK & Ireland £55,450
Speedflex Newcastle £64,750
Anne Fenwick £23,676
£251,376

Hugill House is a two-storey self-contained building, most recently used as a clinic within Class D1 but considered suitable for a variety of uses including B1(a) Offices or potentially a children’s nursery (D1) subject to Planning Consent. There is secure and partly covered car parking serving the building.

Situated in a prime location within Hackney Wick, less than a minutes walk from Hackney Wick Overground station providing regular access to Stratford train terminal, one of London's foremost superior transport centres within 5 minutes. The site is close to the junction with Hepscott Road and is bordered by the LLDC's 'HUB67', an exciting new community centre run by the Yard Theatre as a home for the local community to inspire creativity through projects and events. Within a stone's throw of the site are some of Hackney Wick's best-loved occupiers such as Crate Brewery & Pizzeria, Stour Space, The Yard Theatre and Howling Hops.


The site extends to approximately 598 sq m (0.147 acres) and currently comprises a number of single storey commercial units which will be vacant on sale if required. The planning consent permits, 'the demolition of buildings/ structures and redevelopment of the site, comprising the erection of a five-storey building, plus basement level, with a total gross internal floor area of 2630 sq m of Class B1 (Business) floorspace with shared amenities and facilities; provision of associated plant, lift overrun, photovoltaic panels and communal garden at roof level; provision of 30 cycle spaces and refuse storage.' GML Architects have designed a media-style commercial scheme with full flexibility for either small SME offices throughout or fully open plan floorspace. The building would make for a superb HQ Office building for any occupier wanting a stand-out base in East London

Floor sq ft

Lower Ground 4,337

Ground 2,949

First 4,187

Second 4,187

Third 4,187

Fourth 3,186

Total 23,034

Rooftop Terrace c800

First floor office suite in a building set within a well-established estate offering good road frontage and easy access to the A127. The suite has a shared entrance with communal facilities for which a service charge is levied for the upkeep. The suite benefits from communal parking - spaces to the front.
( Agency Pilot Software Ref: 8904006 )

Freehold for sale with full vacant possession - Of Interest to Owner Occupiers and/or Developers. Detached Premises with Rear Storage and Car Park.

( Agency Pilot Software Ref: 249 )

Unit 5, The Axis Centre is a self contained office building within a landscaped setting presented in a very good condition.

Location

The Axis Centre is situated on the edge of Leatherhead approximately 1 mile from the town centre close to the junction of Cleeve Road and the A245 Cobham to Leatherhead Road. The M25 (junction 9) is within 1 mile providing excellent access to the national motorway network. Leatherhead railway station is within walking distance providing frequent services to Central London.

Additional Details

Unit 5, The Axis Centre is a self contained office building within a landscaped setting presented in a very good condition.

Amenities Extremely well fitted offices Very good condition Landscaped setting Kitchenette and toilet facilities Air conditioning to most areas and gas fired central heating Suspended ceilings Category II lighting Double glazing Three compartment perimeter trunking 4 car parking spaces Floor Areas

We note the following approximate net internal floor areas:

|  First Floor   |  769 sq ft  |  71.45 sq m |
|  Ground Floor  |  750 sq ft  |  69.75 sq m |
|  Total   |  1,520 sq ft  |  141.20 sq m |

The gross internal area is approximately 1,800 sq ft (167.13 sq m).

Price

The building is available by way of a freehold purchase at a price of £515,000.

Business Rates

Please note that there are three rateable values for the property totalling £31,250 (£29,25 for the building and £1,000 x 2 for the 2 blocks of parking).  Further information from the agent.

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.

4 Darwin Court comprises one of 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 properties offer flexible accommodation alongside 16 parking spaces and can be purchased as separate buildings or as a whole.

4 Darwin Court has a total floor area of 164.4 sq m (1,769 sq ft) and comes with 11 parking spaces.

There are currently four licence agreements in place across both buildings, bringing in a total gross income of £30,300 per annum, with a net income of £24,000 per annum after allowing for unrecoverable costs. Three of these license agreements relate to 4 Darwin Court at a gross rent of £24,300 per annum. Across both buildings, 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. There is air conditioning to the reception area in 4 Darwin Court.

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.

3 Darwin Court comprises one of 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 properties offer flexible accommodation alongside 16 parking spaces and can be purchased as separate buildings or as a whole.

3 Darwin Court has a total floor area of 77.9 sq m (838 sq ft) and comes with six parking spaces.

There are currently four licence agreements in place across both buildings, bringing in a total gross income of £30,300 per annum, with a net income of £24,000 per annum after allowing for unrecoverable costs.One of these license agreements relates to 3 Darwin Court at a gross rent of £6,000 per annum, with the remaining floor space in this building currently used by the vendor.

Across both buildings, 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.

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.

Each plot is regular in shape and can accommodate terraced or detached office buildings of 2 to 3 storey in height with private car parking.

Detailed planning permission has been obtained for B1 office and research & development uses in buildings ranging from 1,250 ft� upwards.

Buildings can be designed to meet individual requirements with the freehold interest in the property being purchased on completion.

Price is subject to the final building specification agreed.

( Agency Pilot Software Ref: 101352 )

RARE UNBROKEN MIXED USE FREEHOLD

TO BE SOLD WITH VACANT POSSESSION
LOCATION

The property is located in Sevenoaks, a popular commuter belt town in West Kent known for its affluent population and excellent schools.

The property is situated in the northern part of the town, close to Bat & Ball Station and Sevenoaks Hospital. The property occupies a highly prominent corner position at the junction of St John’s Hill (A225) and Wickenden Road.

The A25 is 300 yards to the north and the property is within 1/3rd mile from Bat & Ball Railway Station. Sevenoaks Town Centre is around 1 mile to the south with access to the M25 at Junction 5 approx. 2 ½ miles to the west.

DESCRIPTION

The property comprises a semi-detached corner building. 121, 123 and 125 Wickenden Road previously formed three lock-up shops. These have been redeveloped to extend the retail unit at 114 St. Johns Hill at ground floor level. A new two bed flat has been built at first floor level.

The upper parts of 114 St. John’s Hill have also recently been converted to form a 2 bed flat. Both flats benefit from allocated parking, a contemporary fit out and self-contained entrances.

The retail unit is currently trading as a café, with ancillary children’s play area that is also utilised for private hire events.

RECENT PLANNING HISTORY

121, 123 & 125 Wickenden Road

Removal of condition 5 (Code for Sustainable Homes) of SE/14/03823/FUL for Demolition of 3 No existing retail units (converted garages) and erection of 1No new retail unit on the ground floor and a 2-bed residential unit on the first floor with parking to the front.
Ref. No: 15/01780/CONVAR | Received: Thu 11 Jun 2015 | Validated: Thu 11 Jun 2015 | Status: Granted

Demolition of 3 No existing retail units (converted garages) and erection of 1No new retail unit on the ground floor and a 2-bed residential unit on the first floor with parking to the front.
Ref. No: 14/03823/FUL | Received: Mon 08 Dec 2014 | Validated: Mon 08 Dec 2014 | Status: Granted

Demolition of 3 No existing retail units (converted garages) and erection of 2 No new retail units on the ground floor and a 2-bed residential unit on the first floor with garage to rear on the ground floor.
Ref. No: 14/01296/FUL | Received: Wed 30 Apr 2014 | Validated: Mon 12 May 2014 | Status: Granted

114 St John’s Hill

Change of use from A1 (Shops) to A5 (Hot Food Takeaway).
Ref. No: 14/00187/FUL | Received: Fri 24 Jan 2014 | Validated: Thu 13 Feb 2014 | Status: Granted

Prior notification for change of use from office to residential. This application is made under class O of the Town and Country Planning (General Permitted Development) (England) Order 2015.
Ref. No: 15/03499/PAC | Received: Mon 09 Nov 2015 | Validated: Mon 09 Nov 2015 | Status: Decided

RATES & COUNCIL TAX

From the VOA website, the ground floor retail premises have the following Rateable Values (UBR 2018/ 2019 48.0p in the £):-

Description – Shop & Premises
Rateable Value - £12,000

Please rely on your own investigations.
PRICE

Offers in excess of £750,000 exclusive, for the freehold interest subject to contract.

(Offers will also be considered for parts of the property e.g. individual flat, the retail unit etc.)

VAT

We understand VAT will be applicable.

TIMING
Upon completion of legal formalities.

LEGAL COSTS

Each party to bear their own legal costs.

VIEWING

Strictly by appointment through sole agents. For further information or viewing please contact BRACKETTS:

Jeffrey Moys
Tel: 01732 350503
Email: jmoys@bracketts.co.uk

John Giblin
Tel: 01732 350503
Email: jgiblin@bracketts.co.uk

The property comprises a detached, modern, two storey office building, extending to 20,370 sqft (1,892.42 sqm), with 64 car parking spaces.
Benefitting from comfort cooling and lift between the floors, together with excellent staff welfare facilities, the space primarily fully open-plan but with peripheral private offices, meeting rooms, board room and fully glazed entrance and reception.


( Agency Pilot Software Ref: 102285 )

The property comprises a two storey building of steel portal frame construction clad in part brickwork and part plastisol coated steel decking to eaves, providing office accommodation with ground floor disabled access. The offices comprise carpet floor covering, plastered walls, suspended ceilings with inset fluorescent lighting.

The accommodation is centrally heated and has the added benefit of roller shutter access to the front elevation.

( Agency Pilot Software Ref: 101914 )

The property comprises a two storey mid terrace stone constructed office building under a pitched slate roof building with 3 designated car parking spaces.

The office accommodation is finished internally to a modern specification, and is predominantly open plan space with partitioned offices and meeting rooms.

With regards to specification the building is predominantly carpeted with perimeter trunking, wall mounted radiators and benefits from raised floor, suspended ceilings with CAT II Lighting, a kitchenette and WC facilities on each floor.
( Agency Pilot Software Ref: 2040874 )