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
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
QUALITY OFFICE INVESTMENT FOR SALE PRODUCING AN INCOME OF £97,650 PER ANNUM
Unit 1-5 Valley Farm, Valley Lane, Ipswich, IP9 2AXGBIpswichSuffolkIP9 2AXUnit 1-5, Valley Lane
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.
FOR SALE FREEHOLD INVESTMENT – BUDGENS CONVENIENCE STORE & TWO FLATS
Type: Residential, Office, Offices
74-76 Church Lane, Brentwood, CM15 0NGGBBrentwoodEssexCM15 0NG74-76, Church Lane
* Residential Development Opportunity * 3 Storeys detached building with possibility for additional storey * Bedford Town Centre location * Open plan layout * 24 Car Parking spaces * 1/2 mile from train station ( Agency Pilot Software Ref: 282218 )
Set in over 230 hectares of parkland, Norwich Research Park is a thriving business and research community. Around 12,000 talented people, including 3,000 researchers and clinicians and over 75 companies are based at Norwich Research Park and it is continuing to expand.
An Enterprise Zone location, Norwich Research Park includes 52 hectares of development land and is ideal for new and growing organisations.
One of the larges single-site concentrations of research in food, health and life sciences in Europe, the Park has world-leading credentials. It brings together four independent world-renowned research institutes; the John Innes Centre, the Quadram Institute, the Earlham Institute and The Sainsbury Laboratory, together with the University of East Anglia and the Norfolk and Norwich University Hospitals NHS Foundation Trust.
At the hear of the Park is the award winning Centrum building, a hub for knowledge exchange and networking. Visitors to the Centrum can take advantage of free parking, open plan meeting areas, free guest Wi-Fi and a bustling restaurant/caf�.
A range of office and laboratory accommodation and leasing options are available at Centrum, the Innovation Centre and the Enterprise Centre.
Park occupiers benefit from access to a host of business amenities including an on-site nursery, private meeting rooms, subsidised bus travel and free business coaching and mentoring.
( Agency Pilot Software Ref: 2042034 )
Norwich Research Park, Colney Lane, Norwich, NR4 7UG
Type: Office, Land, Offices, Commercial Land
Norwich Research Park, Colney Lane, Norwich, NR4 7UGGBSouth Norfolk, NorwichNR4 7UGColney Lane
An attractive rural business development, located between Barton-le-Clay and Silsoe, comprising of 5 tenanted barns plus two awaiting completion with a further two consented barns to be developed. The estate is located off Sand Lane, Barton Road within close proximity to the A6 junction. Flitwick is approx 3.5 miles to the west and Luton is 4.6 miles to the south whilst J12 of the M1 is 6 miles and J11a, 7.7 miles. ( Agency Pilot Software Ref: 11711 )
Barn 6 And Part Barn 7 New Inn Farm, Sand Lane, Silsoe, MK45 4QU
Type: Office, General Industrial, Other, Offices, Industrial, Other Property Types & Opportunities
Barn 6 And Part Barn 7 New Inn Farm, Sand Lane, Barton Road, Silsoe, MK45 4QUGBCentral Bedfordshire, BedfordBedfordshireMK45 4QU4, Sand Lane
The premises are located in the town centre, on the north side of the High Street in a prime retail pitch. The large car park is accessed from East Street. Nearby retailers include Costa and Caffe Nero, Halifax Bank and M & Co. The Metropolitan Line railway station, is a short walk from the property.
The property comprises a three-storey ex bank building with top floor flat, suitable for alternative uses subject to planning. A large car park is to the rear. Currently a bank, the property is being offered with vacant possession from mid-February. Floor areas provided to us (to be checked when full access to the property is available) suggests that the ground floor is 234.5 m2 (2524 ft2) net and first floor is 69.8 m2 (751 ft2) net. The second floor flat is 56.7 m2 (610 ft2). The total net is therefore approximately 360.9 m2 (3885 ft2).
The building would suit alternative uses, including residential in whole or part, subject to planning. Properties nearby have been converted to flats and smaller ground floor shops. Floor plans on request. The property will be sold with vacant possession of the ground and first floors but with the benefit of an Assured Shorthold Tenancy on the top floor flat, which produces £10,000 p.a. We are seeking offers for the freehold interest or for suitable leasehold proposals. ( Agency Pilot Software Ref: 168 )
LOCATION The office is situated within Moorside, a mixed commercial and leisure area, which benefits from good communications to the town centre and inner ring road system which leads to the A12/A120. Close by is the main line railway station (London, Liverpool Street approx. 55 mins).
DESCRIPTION D46 is a self-contained ground floor business unit / trade counter / office with a fully glazed aluminium double-glazed front elevation incorporating a personnel door. To the rear there are double doors (approx. 2m x 2.1m) with inner security shutter. There is a suspended ceiling (approx. height 3m), recessed lighting, electrical sockets, tea point and accessible W/C.
D51 is first floor office which is accessed via a communal staircase, or a passenger lift, which leads to a main landing and communal toilet facilities. The office benefits from being open plan with; carpets, suspended ceiling which incorporates recessed lighting, electrical sockets, network cabling, and electric wall mounted heaters, aluminium double-glazed windows and a tea point. There are two car parking spaces allocated to the building and further unallocated visitor spaces on site.
ACCOMMODATION (approximate gross internal areas)
D46Approx. 500 sq ft 46.5 m D51Approx.440 sq ft40.9 m TotalApprox.940 sq ft87.4 m
Note: we understand that the occupier of D46 would consider an early surrender of their leasehold interest which provides an opportunity for the new owner to occupy the building in part.
TERMS The premises are available for sale freehold at £199,500 plus VAT with the benefit of the existing tenancies. A purchase at this price reflects a net initial yield of 6.13% after deducting purchasers' costs of 2.3%.
TENANCIES D46 - Let to GS Contracts (Joinery) Ltd at a rent of £6,500 per annum on a five-year lease from 14.10.2014. A deposit of £1,500 is being held.
D51 - Let to Patmark Gentle Care Ltd at a rent of £6,000 per annum on a new three-year lease from 02.02.2018. A deposit of £1,200 is being held.
The tenants are responsible for their own business rates, utilities and for reimbursing the landlord for the service charge and buildings insurance.
SERVICE CHARGE A service charge is levied to cover the costs of external maintenance, cleaning and lighting of the car parking and landscaped areas, lighting and cleaning of common internal areas. Costs for 2018/19 are estimated at £1.00 per sq ft.
BUSINESS RATES We are informed that the rateable value for D46 is £6,300 and £6,100 for D51. We recommend interested parties make their own direct enquiries with the local rating authority.
ENERGY PERFORMANCE CERTIFICATE (EPC) A full copy of the EPC assessment and recommendation report will soon be available from our office upon request.
VAT All rents and prices are exclusive of VAT under the Finance Act 1989. Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.
156.1 sq m (1679 sq ft) - Stone built retail shop under a slate covered hip roof currently trading as a convenience store. A self-contained flat occupies the first floor of the property and the adjacent outbuilding provides office accommodation. The property is for sale freehold, subject to lease. The shop and office are held on separate leases and an AST is in place on the flat. Please call for further details.
West Street, Helpston
Type: Retail, Office, Offices
1-3 West Street, Peterborough, PE6 7DUGBPeterboroughCambridgeshirePE6 7DU1-3, West Street
The premises comprise a ground floor mainly open plan suite within this two-storey detached office building. There are 2 rooms formed by high quality fully glazed partitioning. The building overall provides a total of 13 suites with shared facilities including a shower, lift and disabled persons WC as well as ample male and female WCs. There is a secure access controlled front door and a gated entrance to the car park which is left shut at night although it can be opened with a code.
The property is situated in the commercial area of Wood Lane, close to the centre of town There is good access to the M1 with J8 3.1 miles distant, whilst the A41 to the south is within 2 miles. The town benefits from a mainline railway station linking to London Euston in a fastest time of 24 minutes.
An attractive rural business development, located between Barton-le-Clay and Silsoe, comprising of 5 tenanted barns plus two awaiting completion with a further two consented barns to be developed. The estate is located off Sand Lane, Barton Road within close proximity to the A6 junction. Flitwick is approx 3.5 miles to the west and Luton is 4.6 miles to the south whilst J12 of the M1 is 6 miles and J11a, 7.7 miles. ( Agency Pilot Software Ref: 11670 )
Part Barn 7 & Barn 8 New Inn Farm, Sand Lane, Silsoe, MK45 4QU
Type: Office, General Industrial, Other, Offices, Industrial, Other Property Types & Opportunities
Part Barn 7 & Barn 8 New Inn Farm, Sand Lane, Barton Road, Silsoe, MK45 4QUGBCentral Bedfordshire, BedfordBedfordshireMK45 4QU4, Sand Lane
- Retail/Office Building For Sale Freehold - 191.14 Sq. M. (2,157 Sq. Ft.) - Available Immediately with Vacant Possession - Rear Loading/Access via Bull Lane - Unique Opportunity on Maldon's Historic High Street - Parking may be Available (Subject to Separate Negotiation) - Grade II Listed Property - Suitable for a Variety of Uses (STPP) - Offers in Excess of £250,000
( Agency Pilot Software Ref: 14868811 )
Church Walk, Maldon, CM9 4PY
Type: Office, Retail - High Street, Offices, Retail
Church Walk, Maldon, CM9 4PYGBMaldon, MaldonEssexCM9 4PYChurch Walk
40 Springwood Drive comprises a prominent, modern two storey B1/Office unit arranged to provide ground floor workspace/workshop with 3 m / 9ft 8 ins height (which could be fitted as offices) and first floor offices - arranged as open plan with private meeting rooms. There are WC's and kitchenettes at ground and first floor. Externally there are 14 parking spaces. ( Agency Pilot Software Ref: 8904067 )
The premises comprise a modern, well fitted, two-storey office building with air-conditioning, suspended ceilings, inset lighting and carpeting throughout. The ground floor provides open plan office space with a disabled WC and shower. The first floor comprises a glass partitioned meeting room, a directors office, a kitchen, two WCs and a shower.
There are 5 allocated parking spaces.
The Stirling Court development occupies a prominent position on Stirling Way, fronting the A1, and benefits from excellent communications. A1 120 metres M25 (j23) 3 miles Central London 10 miles
Borehamwood & Elstree Rail station provides a fast regular service to London (St Pancras) and beyond.
TWO STOREY PREMISES FOR SALE OR LET - Prominent location with high footfall - Close to Buttermarket Centre retail and leisure redevelopment - Two storey premises, suitable for a variety of uses (subject to planning) - 109.93 sq m (1,183 sq ft) - Guide Price £199,500 - Rent £15,000 per annum
The premises comprise a ground floor office suite within a purpose built three storey office building. The suite is configured to provide part open plan office space and a private office/meeting room. The offices have been fitted out to a high standard providing air conditioning, suspended ceilings with inset lighting, video door entry system and CAT 6 data cabling. The offices benefit from 4 allocated parking spaces.
The property is situated in Campfield Road, which is approximately one mile to the east of the main city centre shops. Campfield Road is an established commercial area within St Albans and is within easy walking distance of St Albans City Railway Station (under 0.5 of a mile) providing regular trains to St Pancras Station in a fastest time of 19 minutes.
Suite 2 Phoenix House, 63 Campfield Road, St Albans AL1 5FL
Type: Offices, Office
Suite 2 Phoenix House, Campfield Road, St. Albans, AL1 5FLGBSt. AlbansHertfordshireAL1 5FLCampfield Road
The property provides self contained, open plan office accommodation arranged over two floors, located in a prominent position on Shrewsbury Avenue, Woodston, a popular commercial location approximately 2 miles South of Peterborough City Centre. The property has been finished to a high standard including suspended ceilings, recessed lighting, perimeter trunking, air conditioning, glass partition meeting room, kitchenette and WC's and benefits from 6 dedicated car parking spaces. ( Agency Pilot Software Ref: 16556 )
Forward House Unit 3f, Shrewsbury Avenue, Peterborough, PE2 7EY
Type: Office, Offices
Forward House Unit 3f, Shrewsbury Avenue, Peterborough, PE2 7EYGBPeterborough, PeterboroughPE2 7EYShrewsbury Avenue
The property comprises three self contained offices over ground, lower ground and first floors.
The property is in a convenient location, on All Saints Green, close to the newly pedestrianised area of the city centre.
The property is situated within a mixed use area, which has seen significantly development recently, where notable occupiers include Aviva, St James Place Wealth Management, John Lewis and Contract Personnel.
The property comprises three attractive self contained three storey brick built office buildings.
( Agency Pilot Software Ref: 334839 )
47-51 All Saints Green, Norwich, NR1 3LY
Type: Office, Offices
47-51 All Saints Green, Norwich, NR1 3LYGBNorwich, NorwichNorfolkNR1 3LY43, All Saints Green
For Sale - Large Industrial Site / Redevelopment Opportunity STP | Delphi Site, Newton Road, Sudbury, Suffolk, CO10 2RR.A data room with supporting information is available and access can be gained on request. Provisional viewing days have been scheduled for the Monday 24th and Wednesday 26th September 2018. Please advise if you would like to arrange an inspection. The subject property comprises a large detached manufacturing facility on a circa 22-acre site. The building is of mixed construction including steel portal frame and profiled cladding, as well as brick in part. Floors are of solid concrete construction. The unit also benefits from roof installed M&E and fitted office accommodation.
Delphi Site , Newton Road, Sudbury, CO10 2RR
Type: Business Park, General Industrial, Industrial Park, Land, Light Industrial, Distribution Warehouse, Offices, Industrial, Commercial Land
Newton Road, Sudbury, CO10 2RRGBBabergh, SudburySuffolkCO10 2RRNewton Road
For sale. Cold store and storage facility totalling 48,339 sq ft on 7.15 acres The property comprises a potato storage facility within a number of buildings dating from the late 1970s and early 1980s on a triangular shaped site of approximately 7.15 acres. The eastern section of the site is triangular in shape and comprises rough scrubland. The property is set back from the main road and accessed via a shared private road. To the front of the site is a single storey office building and a portacabin which is utilised as another office and staff area. The storage buildings are a mix of steel and concrete portal frame constructions and provide cold store and general storage facilities.