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
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.
A UNIQUE OWNER OCCUPIER / INVESTOR DEVELOPMENT OPPORTUNITY IN HACKNEY WICK
The 7 self-contained studios are arranged over ground and two upper floors. The property is a 6 minute walk from Chalk Farm Underground station (Northern line, Zone 2) and a 4 minute walk from Kentish Town West Overground station. The 7 studio are fully let on AST’s, with a passing rent of £97,552.00pa reflecting a gross yield of 6% at a purchase price of £1,625,000 The property is available freehold subject to the existing tenancies. The 7 Studios are HMO compliant and licenced
An existing 3 storey corner plot building comprising a 7 studio HMO
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.
The premises consist of a cleared plot of land which was formerly part of the garden of the adjoining property. It has detailed consent for the construction of a two bedroom, two bathroom house with open plan living accommodation comprising approx. 85 sq. m. GIA. (L.B. Southwark ref 17/AP/3098). Full details and plans are available upon request. ( Agency Pilot Software Ref: 4299 )
Goodrich Road, London, SE22 0ER
Type: Residential, Design & Build, Land, Other Property Types & Opportunities, Commercial Land
Garrison Property are delighted to offer this A3 restaurant/takeaway with a 2 bedroom flat lease for sale in Ilford.
BUSINESS: The business is trading as a 40 cover restaurant/takeaway business and has a good established base of customers. The unit also comes with a 2 bedroom flat that generates a monthly rent of £1,500 PCM, totalling £18,000 per annum. The current cuisine being served includes mixed grills, pizza's, curries etc.
PREMISES: The unit has a seating area with space for 40 covers, a fully functional kitchen as well as the bedroom flat above. The restaurant also comes equipped with the following: -
• Walk in fridge • Rational oven • Pizza oven • Grill • Tandoori Nan oven • Extractors • Freezers • Fryers • Seats & Tables • 8 x filter canopies
RENT: £31,500 per annum.
PREMIUM: £150,000 includes all fixtures and fittings .
LEASE: We have been informed that there is a 10 year open lease with rent reviews every 5 years.
RATES: We have been advised that it is £7,000 per annum (Ingoing tenants to make their own enquiries)
SIZE: (Approx) Shop size: 1,000 sq ft
LOCATION: The restaurant is located on the highly popular Ilford Lane in close proximity to Ilford and Barking town centres. The surrounding area is made up of commercial premises and is also highly populated residential location, meaning the shop will attract a good deal of passing trade. Ilford and Barking train stations will be on the new Crossrail line and are located near the unit. There are a number of bus routes that service the area. The A406 (North Circular Road) is the main road close to the premises which links to the M25, M11, A12 and A13. Uphall and Woodlands Primary Schools are also situated in the surrounding area.
VIEWINGS: To be done via Garrison Property only.
SPECIAL REMARKS: This is a great opportunity to take over a well-established business that has been trading in the area for a number of years, that also comes with a 2 bedroom flat generating a yearly income of £18,000. There is a great potential for someone to expand the business or change this into another A3 business. The owner is only selling due to relocation.
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.
A3 restaurant/takeaway with a 2 bedroom flat lease for sale in Ilford
Type: Residential, Flat, General Retail, Restaurant/Cafes, Retail
Ilford Lane, Ilford, IG1 2LZGBIlfordGreater LondonIG1 2LZIlford Lane
Garrison Property are delighted to offer this FREEHOLD building comprising of an A1 retail beauty salon and 3-bedroom flat for sale in Chingford.
The subject property is currently let as an A1 beauty salon with a large 3 bedroom flat above with a separate rear access and 685 sq ft of parking. The shop obtains a monthly rent of £1,600 PCM and the flat generates a monthly income of £1,166.66 PCM making a total income of £2,766.66 PCM or £33,200 per annum. The property also comes with a large outside space at the rear of the property with room for parking for 4 cars.
The property is located on the busy Chingford Mount Road, numerous bus routes service the area and the busy A406 is a few minutes' drive away with good access to the M11 and M25.
Very few freeholds come up for sale in Chingford so make sure you contact Garrison Property today to arrange a viewing on this investment opportunity.
Freehold price: £700,000
Shop income: £19,200 per annum Flat income: £14,000 per annum
Total income: £33,200
Shop: 840 sq ft Flat: 790 sq ft Outside space: 685 sq ft
Total: 2,315 sq ft
FREEHOLD building comprising of an A1 retail beauty salon and 3-bedroom flat for sale in Chingford
Type: Retail, Flat, General Retail, Retail - High Street, Residential
Chingford Mount Road, London, E4 9AAGBLondonGreater LondonE4 9AAChingford Mount Road
The Property comprises a four storey building within a site extending to 0.22 acres (0.09 hectares). Four retail units occupy the ground floor and there are ten residential flats above, arranged over the first and second floors at the western end of the building and the entire third floor. The eastern end of the building comprises office space at first and second floor levels which is accessed via a separate entrance to the existing residential accommodation.
• Full planning consent for a new 23,034 sq ft net internal area office building • Contemporary media-style building design with over 3.5m ceiling heights • Situated within one of East London's foremost emerging vibrant areas • Superb location within Hackney Wick, less than 1 minute walk from Hackney Wick Station • Site massing established with potential for alternative use class to include residential (as listed within the LLDC masterplan) • Unconditional offers in the region of £4,750,000 excl. which equates to £206 per sq ft on the net area of the consented scheme
Unique Owner Occupier / Investor Development Opportunity in Hackney Wick
The existing property comprises a part one, part two storey commercial building currently in use as a print works (B2 use). The existing property extends to approximately 680 sq m (7,319 sq ft) and sits within a broadly rectangular site extending to approximately 0.13 acres (0.05 hectares).
The site is bound to the north by the Jolly Sailor public house, to the west by a car park and to the south by railway line and a railway bridge traversing Portland Road.
(GUIDE PRICE: £500,000) Residenza Properties are proud to offer this freehold detached mixed use property with commercial space at ground floor and residential accommodation above just off Streatham High Road A23.
A detached property with ground floor unit used as A3 business and one floor above comprising 1 x one bedroom. Possible to convert or extend STPP.
An opportunity to acquire a freehold development site of 0.39 acres (0.16 hectares) close to Sidcup Station. The site is predominately vacant apart from a 3 storey building fronting Station Road. This building was constructed as a cinema in c.1934. The property was then converted and extended with a rear section built in c.1965 to provide a local authority (London Borough of Bexley) swimming pool, which was used until Bexley Council developed a new facility (Sidcup Leisure Centre in Hurst Road just around the corner). Bexley Council demolished the rear section but retained the front section in order to maintain the street scene, and then marketed and sold the site. It was purchased by the current owners, Rose Bruford College in 2012. Rose Bruford purchased the site to deliver student accommodation, however, an opportunity then arose for them to take student accommodation in the mixed-use Premier Inn development on the corner of Longlands Road / Station Road. Rose Bruford has subsequently considered other options for the site, but none have suited their needs; as such they are interested in selling. The site offers clear development potential, subject to all the necessary consents being obtainable. Potential uses for the site include residential, retail, office or D1; although it could be a combination would best suit the potential of the site.
Former Lamorbey Baths Site, 155-159 Station Road, Sidcup, Kent DA15
Ground floor commercial premises in shell condition, available Freehold for sale with full vacant possession.
The two rear residential apartments have been sold off on 125 year Leases from August 2018 and September 2018 respectively, each subject to an annual ground rent of £250, with RPI increases every 10 years.
The upper parts of the property comprise three residential flats which have been sold off on 125 year Leases from January 2005, subject to an annual ground rent per flat of £150. ( Agency Pilot Software Ref: 243 )
The site extends to approximately 0.1 acres (0.04 hectares) and comprises a vacant Pubic House over ground and basement floors with ancillary residential accommodation above. There is a yard area to the rear of the pub which is accessed from Robertson Street.
The site is split into two separate titles:
• 139 St Philip Street (TGL97140)
• Land on the north west side of Robertson Street (SGL40909)
The existing vicarage is a two storey building positioned at the north end of the site and is accessed via a crossover on the northern boundary. The total site area is approximately 0.24 hectares (0.60 acres) and is broadly rectangular in shape. The site is bounded to the east and south by the rear gardens of residential properties on Sefton Avenue and Church Close. John Keble Church is located directly to the west of the site, with the Baden Powell Centre and John Keble Hall located to the south west.
The surrounding area is predominantly residential comprising semi-detached two storey houses. There are a number of flatted developments on infill sites in the surrounding area, most notably the development on Belgrave Close which provides 13 flats. There are also a number of community facilities nearby including Deansbrook Junior and Infant Schools.
The Vicarage, Deans Lane
Type: Land, Residential, Commercial Land
The Vicarage, Deans Lane, Edgware, HA8 9NTGBBarnet, EdgwareMiddlesexHA8 9NT160-164, Deans Lane