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.

FOR SALE
UNIT 15, CONNECT BUSINESS VILLAGE, DERBY ROAD, LIVERPOOL

• Long Leasehold
• Modern 2 storey office building
• Approx 311m2 (3,348 Sq Ft)
• Dedicated parking included
• Modern secure business park location
• Adjacent to A565 and Sandhills Railway Station

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.

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.

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

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

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

Ground Floor Retail Unit
High St Location
Double Frontage
2,963sq ft
£19,000per annum
Freehold Price on Application

Location

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.

Neighbouring occupiers include: Scotmid, Ladbrokes, Semi-Chem, Capability Scotland & Farmfoods.

Subjects

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.

Area

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

£20,800

Proposal

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.

V.A.T

Prices quoted are exclusive of V.A.T

E.P.C

Available on request

Viewing

Via appointment with the marketing agent

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

A prominent ground floor shop, also suitable as an office, situated in a central position in the heart of the village being offered to let or for sale with car parking space to the rear.

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 )

Detached modern warehouse premises located in the popular and established Kelvin Industrial Estate capable of subdivision

Property to be fully refurbished including a full over-clad of the roof

Offices located to the front of the building along with staff / customer parking

2 x electrically operated level-access doors to the rear opening onto a large shared service yard

Eaves height of 5.62m rising to 8.2m at the pitch

Situated adjacent to Newgate Street on the periphery of Bishop Auckland town centre the property comprises a versatile warehouse/showroom premises with offices, enclosed yard, roller shutter access.

FOR SALE – SELF CONTAINED OFFICE SUITE – FIRST AND SECOND FLOOR LEVEL
1,087 SQ FT (101 M²) - RESIDENTIAL DEVELOPMENT OPPORTUNITY
(PLANNING PERMISSION GRANTED FOR 1 X ONE BEDROOM & 1 X 2 BEDROOM FLATS)

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 )

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.

The building was constructed in 2009 and comprises bright, contemporary air‑conditioned office accommodation over 4 floors. It is currently fully let, with 50% available to let from January 2019.

GROUND FLOOR 3,684 sq ft
FIRST FLOOR 4,091 sq ft
SECOND FLOOR 3,541 sq ft
THIRD FLOOR 2,497 sq ft
Total Internal Area 13,813 sq ft

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.

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.

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.

Subjects

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

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.