The existing property is a 3 storey building comprising a pub across basement and ground floor level and a 23 room Hotel across first and second floor extending to 10,200 sqft GIA.
The property is located on Woolwich Road and is approximately a 2 minute walk from Charlton Overground Railway Station which provides services into London Bridge in 22 minutes.
The building is situated on a landmark corner plot and is a 2 minute walk from Charlton Athletic Football Club (The Valley) with seating capacity for 27,111 and hosting regular matches.
Planning permission was granted in August 2017 for 8 x flats and 2 x commercial units. Planning reference: 15/2272/FUL.
Planning permission has been submitted utilising the same massing as the approved residential scheme for the conversion of the existing hotel and construction of a third floor to create a 60 room hotel and retention of the original pub at ground floor level. Planning reference: 18/2673/F.
The proposal involves conversion of existing hotel with side extension and erection of an additional floor to accommodate 60 hotel rooms. At ground floor level the public house will be refurbished, with the smaller function room being converted into additional hotel rooms. The remaining ground floor will comprise 12 x rooms . There will be 17 x rooms at both first and second floor and 14 x rooms at roof level.
The proposal will extend to 17,771 sqft GIA.
We are aware that the existing hotel charges a blended rate of £60 per night giving the hotel an ERV of c. £503,000 pa. Based on Comparable evidence we are of the opinion that the 60 unit scheme finished to a good specification would be able to achieve a blended rate per night of £120 giving it an ERV of £2,628,000. (this is based on 100% occupancy).
The property is available freehold with vacant possession.
We are aware that the property is not elected for VAT.
EXISTING PUB AND 23 ROOM HOTEL WITH POTENTIAL TO INCREASE TO 60 ROOMS
The Property comprises a vacant 3 storey commercial building with a Grade II listed façade, consisting of retail uses (A1) at ground and first floor level and storage/ancillary uses at second floor. The Property sits within a broadly rectangular site extending to approximately 0.18 acres (0.07 hectares).
The frontage to Thames Street consists of two buildings, Number 11 and Number 13, the former of which is Grade II listed and is located within the Kingston-Upon Thames Old Town Conservation Area. The building has undergone extensive work internally and only the façade remains of the original structure. The rear of the existing building was developed in the 1980s.
The property presents an excellent redevelopment opportunity to increase the bulk and massing on-site and deliver a variety of uses including residential. The vendor has carried out extensive work to prepare the site for redevelopment and Stockwool Architects have designed a scheme which provides 74 flats over 18 storeys with commercial space at ground and lower ground floor level.
The current proposal comprises 4,416 sq m (47,533 sq ft) NIA of residential accommodation (14 x studios, 26 x one beds, 29 x two beds, 5 x three beds) and 250 sq m (2,691 sq ft) GIA of commercial accommodation at ground and lower ground floor.
The Stockwool proposal demonstrates that the site has the potential to increase the bulk and massing on site to provide a tall building of approximately 5,912 sq m (63,632 sq ft) GIA. This provides an ideal opportunity to extensively re-develop the site for residential, commercial or mixed-use purposes.
Suitable for a range of alternative uses, including residential (Subject to Planning)
The property has an established use as a fire station and is locally listed. That use is sui generis and therefore any change of use will require planning consent. In July 2014, LB Merton adopted the 'Mitcham sites and policies plan'. The fire station is allocated as follows:- "A mix of uses which could include any of the following: community uses (D1 Use Class), community uses such as a cinema, gallery, theatre (D2 Use Class), residential (C3 Use Class), restaurant, café (A3 Use Class), office (A2 or B1 Use Class), drinking establishment (A4 Use Class) or non-food retail (A1 Use Class)." The adjoining property has planning consent for a new 2/3 storey building which will provide 10 new homes. Construction of the development is currently underway.
The sale is to be by way of informal tender and private treaty. There is a strong preference for unconditional offers. Bidders are encouraged to include provision for onward sales clawback and planning overage in their offers.
The property comprises a site of approximately 0.09 acres (0.0357 hectares), on which there is the Former Mitcham Fire Station, originally built in 1928. The building façade is of brick and stone, under a part flat and part pitched roof structure. It is arranged over ground and first floors. The property is locally listed and was previously utilised as a two appliance bay fire station on the ground floor, together with offices, dormitories, welfare facilities, washrooms, kitchen and mess area on the upper floor. There is a roof terrace at first floor level, overlooking the rear yard and the Lower Green. The appliance bays have clear height of approximately 3.3 metres.
Mitcham is situated in the London Borough of Merton, between Sutton and Croydon to the south and Streatham and Tooting to the north. It is about 9 miles to the south of central London. The property is situated on the north side of Lower Green West, within the Mitcham Cricket Green Conservation Area. The property is situated close to Mitcham Tram Stop, providing frequent services between Wimbledon and Croydon.
The property is NOT elected for the payment of VAT
The deadline for offers is 5.30pm on Thursday 29th March 2018
Freehold interest is to be sold with vacant possession on completion
The property is locally listed
Suitable for a range of alternative uses including residential (STP)
To be sold by informal tender
VIEWING DAYS WILL BE HELD ON WEDNESDAY 7TH FEBRUARY - 10.30AM TO 4.30PM AND WEDNESDAY 14TH FEBRUARY - 10.30AM TO 4.30PM (NO APPOINTMENTS REQUIRED)
An opportunity to purchase the former Mitcham Fire Station
Type: Mixed Use, Other Property Types & Opportunities
FORMER MITCHAM FIRE STATION, Lower Green West, CR4 3AFGBMerton, MitchamSurreyCR4 3AFLower Green West
The property is arranged over the second and third floors above a retail parade consisting of A1 shops. The building itself is an attractive period building. The second floor provides an open plan office space with additional office rooms on the third floor. There is the potential for living accommodation (if desired) on the third floor which also benefits from full kitchen and bathroom facilities. The whole space is currently being used as an office.
The property is located on the junction of Brixton Road and Turnstall Road, opposite Brixton Underground Station (Victoria Line). Being in the heart of Brixton, there are several retail parades on the unit's doorstep with the popular Brixton Village and Pop Brixton being within close proximity. Brixton has gone under a significant amount of regeneration over recent years and now benefits from improved train connections from the south east to central London.
Unit 4 2 Tunstall Road, Brixton SW9 8BN
Type: Mixed Use, Other Property Types & Opportunities
The building is located in a prominent position in the city close to the famous Barbican center. The building is a stone's throw away from the Barbican Underground station with Farringdon Underground and rail services a 5 minute walk. Farringdon/Barbican/Clerkenwell is a bustling office location that is also known for its diverse range of bars and restaurants and trendy designer showrooms.
The building comprises of a ground floor retail unit currently generating £16,800 p.a with a lease that expires in 5 years. On the upper floors is a 3 bed flat, split over the 3 remaining floors. There may be potential to add an extra floor to the roof subject to planning.
At present the site comprises a D1 Church Hall. The site benefits from car parking (approx. 5 spaces) on the west boundary and land around the site, set over approximately 0.0708ha (0.175 acres).
The Church Hall is of masonry construction, built in the 1970s, which is accessed from Carnegie Street and comprises an open plan hall area with 4.22m ceiling height, high level windows, suspended fluorescent lighting, gas central heating and a kitchen servicing the hall. There is also a fitted kitchen off the main space. The Church Hall has an approx. NIA of 2,567 sq. ft. (238 sq. m).
The western boundary runs parallel to Caledonian Road, and Carnegie Street forms a natural border to the north. The southern boundary is demarked by the Grand Union Canal and adjoining towpath.
Tenure: 250 year long leasehold with vacant possession Price: Offers Invited EPC: E (115) - 101-125
METHOD OF SALE The subject property is for sale via informal tender. Currell Commercial are seeking bids by 12 noon on Monday 20th November 2017. A shortlist of interested parties will then be invited to submit their best and final bids. The Vendor reserves the right not to accept the highest, or any, offer made.
REQUIREMENTS The vendor seeks a purchaser who will deliver the following:
1. A new, ground floor purpose built church hall with a gross internal area (GIA) of approximately 3,750 sq.ft / 348 sq.m
2. Plus two x 2 bed flats at first floor level of any proposed new development, one of which is to be south facing. It is possible that these flats could form part of any on-site affordable housing allocation, although this would be subject to agreement from the London Borough of Islington.
3. A capital receipt, payable on completion of the sale.
4. A suitable overage mechanism.
5. Currell Commercial’s fee will be payable by the purchasing developer. This will be calculated based on 2% of the gross sale price, plus 1% of the market value of the 2 flats and church hall.
ADDITIONAL INFORMATION 1. The following is available on request: • Official Copy Register & Title • EPC • Proposed layout/plan, suggested elevations of the new ground floor church, subject to planning and specification of shell and core
2. The building is not currently elected for VAT.
3. Vendor’s legal fees are to be borne by the Purchaser.
4. The property is not listed and does not lie in within a Conservation area.
5. Investigations show there is a possibility of obtaining consent for a substantial residential development subject to planning. Buyers should seek their own advice.
6. Viewings strictly via sole agent: Currell Commercial.
Land at All Saints Church Hall, Carnegie Street, London, N1 9QW
Type: Research & Development, Other Property Types & Opportunities
Land at All Saints Church Hall, 1 Carnegie Street, London, N1 9QWGBIslington, LondonMiddlesexN1 9QWCarnegie Street
Both Clapham North underground and Clapham High Street overground are within walking distance, and the property is also well served by numerous bus routes along Clapham High Street. Nearby occupiers include Costcutter, Sainsburys, Ladbrooks, Morrisons, Yamaha and William Hill.
The property is not elected for VAT
A mixed use, freehold investment in Clapham, SW4, comprising A1 rental income and ground rents from retail, office and residential units.
Ground rent summary: 6 residential units @ £300 each per annum, 1 office unit @ £300 per annum – total ground rent £2100 per annum
Current A1 business not affected by sale - Passing retail rental of £47,000 per annum - Lease expires 2021 - Inside the Landlord and Tenant act 1954
Total rent and ground rent income amounts to £49,100 - A sale at £725,000 represents a gross yield before any costs of 6.78%
Mixed-use Freehold Investment for sale
Type: Mixed Use, Other Property Types & Opportunities
21 Clapham High Street, SW4 7TR, 21 Clapham High Street, SW4 7TRGBLambeth, LondonSurreySW4 7TR21, Clapham High Street
Existing retail and residential premises, 1 x shop and 1 x hot food takeaway A5 and Redevelopment opportunity. Planning permission already granted for 3 flats and retention of existing shop. Adjacent shop investment remains unaltered.
::::::::::PLEASE NOTE:::::::: THE PROPERTY WILL NOW BE AUCTIONED IN FEBRUARY 2019.
Contact: Clive Nunes on 01737 246777 for further information
Comprises a character four storey building with basement providing bar/restaurant on ground and basement and residential on the upper three floors.
The ground floor and basement trade as a bar restaurant called The Power Station. The ground floor has seating for 40 covers and benefits from wood flooring, wall lights, disabled WC and some outside seating. The basement comprises cooking area and storage with ceramic floor and two WCs.
The upper parts comprise a one bed flat on the first floor and a two bed maisonette on 2nd and 3rd floors which are sold off on long leases.
The first floor flat is let for a term of 99 years from 29th September 1985 with approximately 68 years remaining. There is a ground rent payable of £50 per year for 1st 33 years rising to £100 per annum for next 33 years and £150 per annum of remaining 33 years.
The maisonette has a long lease to September 2174. We understand that the ground rent is £50 per annum currently and will rise to £100 per annum after 33 years and £150 per annum for the remainder of the term.
161, Battersea Park Road, London, SW8 4BU
Type: Retail Park, Research & Development, Retail, Other Property Types & Opportunities
House, 161 Battersea Park Road, London, SW8 4BUGBWandsworth, LondonSurreySW8 4BU161, Battersea Park Road
Location The property occupies a prominent main road location on the northern side of Manchester Road within a predominately residential area. Mudchute DLR lies within easy walking distance and London City Airport is just over 4 miles away. The National Motorway system is accessible via the A261 which is only 2.5 miles from the property.
The property An end terrace property of brickwork construction beneath a pitched tiled roof to the front and flat roof to rear. Currently arranged to provide a double fronted shop leading to further showroom/storage to the rear. A separate entrance leads to the first floor, which, currently provides a one bedroom flat with living room, kitchen, bathroom and small store. We note that flat produces £1150 pcm but has not been relisted as a flat since it was previously in office use.
Planning Planning consent has been secured under reference PA/16/03515 for the conversion of the existing flat to a two bedroom property and new build two bedroom flat at second floor. Copy plans are attached or available for viewing at the Tower Hamlets planning portal.
Accommodation The approximate gross internal floor area is as follows: Grnd floor commercial 1,848 sq ft (171sq m) First floor flat 593 sq ft 55 sq m Total 2,441 sq ft 227 sq m
We note that the conversion and new build consent provides approximately 1528 sq ft (142 sq m) of residential accommodation at 1st and 2nd floor level.
Services Mains gas, electricity, water and drainage are connected.
Title Report/searches A report on Title and searches will be made available to named parties.
Proposal The freehold is being offered for sale. It is our Client’s preference to lease back a small part of the ground floor (approx 600 sq ft) at £20,000 pax. Alternatively, full vacant possession can be provided.
The price has been reduced to £1.15m.
Rates The current rateable value is £29,250.
EPC/Asbestos survey The EPC of the ground floor is D76 and D63 in relation to the first floor. According to the report obtained, the property does not contain asbestos.
Viewing Strictly by prior appointment only with the Vendor’s agent.
Legal costs Each party is to be responsible for the payment of its own legal costs.
Enquiries For further assistance, please contact joint sole agents Branch Associates on 01708 860696 / 07775 804842 or email: email@example.com
INVESTMENT OPPORTUNITY. A great opportunity to purchase this freehold property situated on the Hanger Lane roundabout seconds away from tube station. The property consist of spacious A3 commercial premises on the ground floor and 3 x split level three bedroom apartments above. SOLO AGENTS.
Offers over £1.8m
Location: Hanger Lane roundabout connects the Western Avenue (A40) and the North Circular (A406). Seconds away from Hanger Lane Underground Station (Central Line). A number of new hotels encircle this parade of shops.
Commercial space (vacant possession): Approx 1850 sq ft - Recently refurbished, modern, well presented Italian Restaurant established since 1973 serving quality range of traditional Italian dishes to the locals, hotels, offices and Wembley events, 2 parking spaces at the rear. Market rent would be: £50,000 per annum (£4,166 per month)
Residential space (let on ASTs): Flat 1: Three bedroom flat, approx. 1026 sq ft - £1500 pcm Flat 2: Three bedroom flat, approx. 1028 sq ft - £1500 pcm Flat 3: Three bedroom flat, approx. 900 sq ft - £1500 pcm
Viewing: Strictly by appointment only.
W5: FREEHOLD bulding for sale situated in Hanger Lane (offers over £1.8m )
Garrison Property are delighted to offer this A1 lease for sale with studio flat and offices located in East Ham. This commercial property is currently split trading predominately as a launderette, but also has a mobile repair counter. The unit also benefits from having a studio flat and 2 offices in the basement. The mobile repair counter and the offices are currently let for £300 PCM each and the studio flat obtains a rental of £800 PCM.
The shop is located in East Ham on the busy High Street North. The High Street benefits from a great deal of passing trade. East Ham train station is located just 5 minutes away from the shop, and many local bus routes service the area. This commercial property a fantastic opportunity either an established or developing business to buy a lease on this busy High Street.
Rent: £14,400 Premium: £35,000 Lease: 2 years` open lease Rates: £7,000 per annum
Shop: 470 sq ft Repair counter: 35 sq ft Studio flat: 310 sq ft Office 1: 75 sq ft Office 2: 125 sq ft
Total approx. size: 1,015 sq ft
Please contact Garrison Property today to arrange a viewing.
Garrison Property endeavors to maintain accurate depictions of its properties in descriptions, however, these are intended only as a guide. These particulars do not constitute or form part of any offer or contract, nor may they be regarded as representations. All interested parties must verify their accuracy.Whilst every effort has been made to ensure accuracy this cannot be guaranteed.
A1 lease for sale with studio flat and offices located in East Ham
Type: Offices, Office, General Retail, Retail - High Street, Mixed Use, Flat, Retail, Other Property Types & Opportunities, Residential
High Street North, London, E12 6TJGBLondonGreater LondonE12 6TJHigh Street North
Retail Unit to let (A1 or B1 uses onlye) in this new development by Telford Homes, 6 minutes walk to Cutty Sark and Greenwich DLR and rail stations. Greenwich Creekside is a mixed use development comprising four buildings along a piazza, designed to become a sustainable and cosmopolitan community mixing residential, office and commercial use. The development is next to the Laban dance school and Theatre and adjoining the future residential development area at Creekside East.
Unit 7 faces the piazza within the development and Copperas Street, it is offered in shell condition with capped services. The unit comprises the following areas
Ground floor approx. - 786 Sq. ft. First floor approx. - 656 Sq. ft. Total - 1442 Sq. ft.
Retail unit extending to 1442 Sq. ft. Double height ceiling of 7.5m (24 ft.) Floor to ceiling glass frontage Located 6 minutes walk to Cutty Sark and Greenwich DLR Next to the Laban Theatre New cultural and residential quarter adjoining the site. Piazza and green spaces within the complex
It is offered on a new lease for a term to be arranged. The unit is subject to VAT.
Corner Retail Unit to let ( A1 or B1 uses only) or for sale (990 year lease) in this new development by Telford Homes, 6 minutes walk to Cutty Sark and Greenwich DLR and rail stations. Greenwich Creekside is a mixed use development comprising four buildings along a piazza, designed to become a sustainable and cosmopolitan community mixing residential, office and commercial use. The development is next to the Laban dance school and Theatre and adjoining the future residential development area at Creekside East.
Unit 6 is a corner unit facing Creek Road and the piazza, offered in shell condition with capped services. The unit comprises the following areas
Ground floor approx. - 1119 Sq. ft. First floor approx. - 689 Sq. ft. Total - 1808 Sq. ft.
Retail unit extending to 1808 Sq. ft. Double height ceiling of 7.5m (24 ft.) Floor to ceiling glass frontage Located 6 minutes walk to Cutty Sark and Greenwich DLR Next to the Laban Theatre New cultural and residential quarter adjoining the site. Piazza and green spaces within the complex
It is offered on a new lease for a term to be arranged or for sale. The unit is subject to VAT.
*SHOP AND RESIDENTIAL UPPER PARTS *FULLY LET *CURRENTLY PRODUCING £27,800 PER ANNUM *MAIN ROAD LOCATION *FREEHOLD INVESTMENT OPPORTUNITY *TOTAL: 1,721 SQ FT (159.8 SQ M) APPROX.
Mixed use investment opportunity comprising a ground floor retail premises and two bedroom maisonette above separately accessed from the side of the property. The ground floor retail premises in a recently refurbished condition that is let on a 10 year lease from 11th March 2015 at a passing rent of £14,000 per annum. A three month rent deposit (£3,500) held as security and there is a tenant break option at expiration of the fifth anniversary of the term. There is a well-proportioned maisonette arranged over ground, first and second floors levels and is of a good internal condition throughout to include gas central heating and double glazing. It is arranged as open plan kitchen/living, with separate bathroom/Wc and bedroom at first floor with a further large double bedroom and bathroom at second floor level. The maisonette is currently let on an AST agreement at £1150 pcm (£13,800 per annum). The combined rental income for the property is therefore currently £27,800 per annum and the maisonette may be considered under-rented. The property also has the benefit of additional income of ground rent from two properties adjacent to the subject property. The property is for sale Freehold with the benefit of the existing tenancies and the ground floor shop investment may also be available independently at a price of £200,000.
Fully Let Mixed Use Investment in High Street Location
Type: Mixed use, Retail, Retail - High Street, Residential, Other Property Types & Opportunities
194 Cheam Common Road, KT4 8QWGBWorcester ParkSurreyKT4 8QW194, Cheam Common Road