Residential properties for sale

Residential Redevelopment/Conversion Opportunity in St Margarets, Twickenham

- Existing detached residential dwelling (circa 1,270 sq ft GIA)

- The site falls within the curtilage of Grade I listed Orleans House

- Potential for residential redevelopment/conversion (subject to gaining the necessary planning consent)

- Site area of approximately 0.12 hectares (0.3 acres)

- Freehold for sale by informal tender

- Unconditional offers invited

Approx 4654 SqM (50,000Sq Ft) on 0.73 ha (1.8 acres)
Prominent seafront Location

- Suitable for refurbishment/development (STP)
- Scope for leisure/residential
- Freehold

l Established commercial location of Granby Street
l 5 minutes walk from Leicester Railway Station
l Conversion of upper floors to 27 flats, fully pre-let to students
l Ground floor commercial unit let to World Street Cafe Bar Ltd
l Combined gross ERV of £276,360 pa
l Offers invited in the region of £3,250,000 (Three Million, Two Hundred and Fifty Thousand Pounds) for the freehold interest, subject to contract. This reflects a gross yield on gross ERV of 8.50%

• Around 59,136 sq ft of accommodation comprising an operating Priory, conference centre and holiday accommodation set in grounds extending to c. 6.81acres (2.76 ha), within 1.5 miles of historic Whitby

• Suitable for a variety of uses including residential, care home, hotel/conference venue, offices (subject to planning)

• A number of the buildings on the estate are Grade II Listed

• Vacant possession Feb 2019

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.

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)

MIXED USE RETAIL/RESIDENTIAL INVESMENT OPPORTUNITY – LET TO CREAMS FRANCHISEE

ENTIRE PROPERTY LET ON 15 YEAR FRI LEASE FROM 2015 WITH NO BREAKS

FOR SALE – OFFERS IN EXCESS OF £565,000

A 99-bedroom hotel and conference centre extending to approximately 50,000ft2, occupying a site of circa 1.7 acres

Currently operated by Starboard Hotels under a Best Western franchise, by way of a management agreement with the freeholder

Potential for a variety of alternative uses such as residential or care home, as well as continued hotel use

Located within the affluent north-east London suburb of Woodford Green

Offers invited in excess of £10,000,000 for the freehold interest

A RESIDENTIAL DEVELOPMENT OPPORTUNITY (WITH PLANNING PERMISSION TO CONVERT TO FOUR HOUSES)
A Modern Light Industrial Building Of Steel Framed Construction Extending To Approximately 3600 Sq Ft (335 Sq M) Located On The Outskirts Of The Premier Village Of Hanley Swan With Views Over Countryside.
Offered With Planning Consent For Conversion Into Four Terraced Homes With Approximately Three Quarters Of An Acre And A Separate Option To Purchase A Detached Four Bedroomed Bungalow.
For Sale By Sealed Bids (Closing Date Friday 30th November 12.00 Noon)

The Old County Hall is a Grade II * Listed former courthouse, opened in 1783 when it was used as a County Court and saw capital punishment administered there until 1849. The court's moved from the site in 1988, after which it was redeveloped as a bar with the upper floors having been converted to student accommodation in 2017. Internally the building has retained a number of the features from the courthouse, giving the Slug and Lettuce a unique and interesting look, with galleries overlooking the main bar area. The accommodation is accessed from a separate side entrance, leading to 18 Studio type rooms including en-suite and kitchen facilities, all with separate access. Externally the Slug and Lettuce benefits from an extended beer garden to the side of the building.

Lease of the ground floor bar, restaurant and kitchen, with first floor mezzanine and plant room.
Tenant - Intertain (Bars) Limited (07035173) - 2017 Turnover £25,765,000
Guarantor - Intertain Limited (006996339) - 2017 Turnover £27,526,000
Ultimate Holding Company - Stonegate Pub Company Limited (FC029833) - 2017 Turnover £697,468,000
Trading as - The Slug and Lettuce Coventry
Term - 25 years from 18th May 2016, with no break options
Rent - £85,000 per annum
Reviews - 5 yearly to open market rental, £5,000 fixed uplift in 2021 review

Lease of the first and second floor accommodation space, converted and split into 18 Studios
Tenant - The Futurelets Limited (09136328) - 2017 Turnover £2,725,000
Guarantor - Coventry University Enterprises Limited - 2017 Turnover £18,952,000
Term - 21 years and 1 day from 27th July 2017
Break Option - Tenant only break option at the end of the 10th year of occupation
Current Rent - £100,485
Reviews - Fixed yearly uplift at 1.5% of the compounded rent

Lease of the beer garden
Tenant - Intertain (Bars) Limited
Term - 25 years from 18th May 2016, with no break options
Rent - £6,100 per annum
Reviews - Compounded yearly uplifts with relation to RPI
( Agency Pilot Software Ref: 1270 )

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

The site extends to 0.02 hectares (0.06 acres) and is accessed by a covered passageway from Kensington Park Road.

It is currently in use as car parking and also provides access to an electric sub-station to the north of the site and rear access from 92 – 94 Kensington Park Road.

Fronting Kensington Park road at no.92 – 94 is ‘CORE by Clare Smyth’. Having opened in Summer 2017 it was awarded two Michelin stars in the Michelin Guide 2019.

The property comprises a mid-terraced building of masonry construction, under a pitched tile roof.

The premises was last occupied by Argos with a ground floor sales area and upper floor storage/ancillary space. The accommodation is currently in a shell state, ready for fit out or implementation of planning.
( Agency Pilot Software Ref: 7378 )

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 )

Site Description: The site comprises an irregular shaped parcel equating to approximately 5.41 acres (2.19 hectares) on the eastern edge of Badsey. Formerly a market gardening operation, the site accommodates an industrial unit adjoining agricultural use.

Brewers Lane forms the south eastern site boundary with the local cricket and recreation club beyond. There is a new housing development, nearing completion, adjoining the northern boundary. Topography is relatively level over the site and the surrounding area. Existing access is directly off Brewers Lane into the south western corner of the site. This may also be the proposed access for any development proposals.

Planning: The adopted Local Plan for the area is the South Worcestershire Development Plan (SWDP), a joint plan prepared by the three partnering Councils of Wychavon, Malvern Hills and Worcester City. The Local Plan, which was adopted in February 2016, sets out the clear vision for development in the area up to the year 2030.

The SWDP identifies two housing allocations within Badsey, SWDP59/14 and SWDP59x, both situated to the northern part of the village, off Badsey Road.
Badsey has been identified within the SWDP as Category 1 village, where there is a level of services and facilities suitable to accommodate market and affordable housing needs alongside limited local employment needs.

In relation to a Local Plan review, Policy SWDP 62 (Implementation) states “Progress on the delivery
of the SWDP will be monitored annually and a partial or whole Plan review commenced if the Plan is significantly failing to meet its objectives, or if the policy context requires a review”. The SWDP also states, based on evidence at the time of adoption, that a partial Local Plan review may need to commence by the end of 2019.

The site is outside, but adjoining, the defined settlement boundary. It is outside any designated high risk flood zone and detached from the village Conservation Area. Significant areas to the north, west and south of Badsey are constrained due to high risk flood zones and some areas to the north face multiple ownership constraints.

The flats comprise the first floor over a modern parade of shops which form a busy neighbourhood Centre serving a wide catchment area.
Each flat provides large self-contained two bedroom accommodation and each is let on an unfurnished AST.
Each flat is available on a ground lease with 109 years unexpired at a fixed ground rent of £250 p.a.
The flats are located in a popular neighbourhood only 20 minutes from Newcastle upon Tyne Centre, close to the A19, A1 and Newcastle International Airport and within a short walk of the beach.

LOCATION
The property is prominently located on the corner of Railway Street and Dunn Street leading directly on to the Scotswood Road. The area is an established location for many trade counter operators and car dealership groups including Tool Station. Jewson, Howden, Lookers and Arnold Clark.

The Scotswood Road (A695) is one of the main arterial routes leading from the west of Newcastle city centre providing immediate access to the A1 north and south. The area continues to see significant regeneration with a number of new residential and car dealership developments as well as the new Newcastle Eagles Community Arena which is on site now nearing completion.

DESCRIPTION
The property comprises two adjoining industrial units of steel portal frame construction with cavity brick elevations clad with a profile metal sheet covering beneath a pitched profile asbestos sheet cement roof incorporating translucent roof panels. The units were originally refurbished for the current tenant in 2005.

The site extends to approximately 7 acres (2.85ha) and is irregular in shape, it is a brownfield site in one parcel with existing Nissan Huts on the East side. The sites topography is generally flat, with housing to the West and a raised bank on the Northern boundary. To the south and east is arable land, hedgerows and trees defining the field boundaries.
The site has a resolution to grant with all matters reserved for the development of up to 51 residential dwellings, in this is the need for a 35% affordable provision. This was approved on the 31st of January 2018, the planning reference is DC17/03568.

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 former Church of traditional stone construction beneath a pitched slate roof, supported on timber trusses.
A single storey extension has been added at a later date of similar construction with flat roof.

Internally, the accommodation comprises the Church, Church Hall, meeting rooms and ancillary kitchen and toilet facilities.
The property has ornamental features including stained glass windows.

Externally, the property occupies a site of approximately 0.13 hectares (0.33 acres).
There is no burial ground and the Church grounds comprise mature planting and landscaping.
The site is shown for identification purposes on the ordnance survey plan.
( Agency Pilot Software Ref: 101869 )

The site comprises an existing building known as the Old Electricity Works and a number of other 2-3 storey light industrial buildings. The Old Electricity Works building has been converted into an office space and the warehouse buildings to the rear are currently used by a builders merchant. The large yard at the rear of the site is used to store materials and equipment for the builders merchant.

The site extends to approximately 0.2 hectares (0.49 acre) and is occupied by a part-one, part-two storey building of approximately 1,475 sq m (15,877 sq ft) GIA and yard space. It is bounded by Trego Road to the north, and on all other sides by a site known as the Wickside (or McGrath) site.

Planning permission has been passed for a hybrid application for the redevelopment of the Wickside site. This development will provide up to 475 residential units and more than 10,000 sq m of commercial space, along with a new canal-side park. A new road, Allanmouth Road, in the Wickside scheme will form the southern boundary with 25 Trego Road.

Elms Furlong The property is situated in a secluded elevated positon above Dean Lane in the village of Cookham Dean. Cookham Dean is a highly desirable residential location within easy reach of both Maidenhead and Marlow. Elms Furlong is a two storey detached 5 bedroom family home, generally unmodernised and remains almost entirely unaltered from when it was originally constructed in 1932. The property requires modernisation and improvement so opportunity for either extensions, improvements or redevelopment (STPP). OPEN MORNING TUESDAY 23 OCTOBER 10 am until 11 am. The property is to be sold by informal tender. Offers to be made on an unconditional basis and accompanied with proof of funding to be received in writing/email by NOON ON MONDAY 19th NOVEMBER 2018.



(From Caldes Software. Property Ref: N516. Oct 19 2018 5:21PM)

( Agency Pilot Software Ref: 1584 )