Shops for sale

Town Centre Redevelopment Opportunity With Planning

Located adjacent to Addlestone Station and within a 7 minute walk of Addlestone One with a new Waitrose, Light Cinema, Premier Inn and Achieve Gym. Planning Permission for 75, 1 and 2 bedroom apartments (20 affordable) and 398m² retail.

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

Single storey modern 13,750 ft2 retail warehouse on rapidly expanding industrial estate.

Highly prominent corner position at junction of A.41 and A518 directly opposite Aldi

Large on-site car park & yard.

Price guide £11.50 per ft2 to rent or £1.85M to purchase

Expressions of interest (Principals or named Principals only please) to the agent

TROPHY ASSET RETAIL/OFFICE INVESTMENT FOR SALE IN UNRIVALLED WEST END LOCATION

GROUND FLOOR RETAIL LET TO A PRIME RETAILER WITH 4 FLOORS OF SELF-CONTAINED

REFURBISHED OFFICES ABOVE

7,462 SQ FT PRODUCING £538,115 PER ANNUM.

ERV APPROX. £700,000 P.A.

VIRTUAL FREEHOLD

OFFERS INVITED IN THE REGION OF £17M

SUBJECT TO CONTRACT AND EXCLUSIVE OF VAT

EXMOUTH, DEVON – DEVELOPMENT SITE WITH POTENTIAL FOR EMPLOYMENT USES

SALTERTON ROAD, EXMOUTH, EX8 2TS - DEVELOPMENT SITE – c. 2.4 ACRES

Prime site adjacent to Tesco

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.

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

PROMINENT DEVELOPMENT OPPORTUNITY FOR SALE

VICTORIA ROAD, OSWESTRY, SY11 2HU

• Retail development opportunity adjacent to Lidl.

• Current planning for 16,200 sqft (1,505 sqm) of retail accommodation.

• Car parking, service yard and services all already in situ.

• Interest invited from developers/contractors.

The subject site comprises of 0.7 acres (0.28 hectares) of prominent land positioned on the edge of a large Industrial and warehousing development with occupiers including companies such as Tesco, DHL, Great Bear Distribution and Palletways. The overall site is suitable for a variety of uses - including redevelopment to provide up to 750 new homes, primary school, health centre, nursery, public house and private open space, car and cycle parking together with landscaping and associated servicing.

- Potential Pub Site - Located within Fradley Park
- Prominent roadside position, situated opposite a large Industrials & Distributions Centre
- Excellent road network access
- Site comprises approximately 0.7 Acres (0.28 hectares)

Town Centre Location
Potential For Sub-Division
Hot Food Consent Granted
Dedicated Yard / Parking
2,568sq ft
£29,000p.a.
Freehold Price on Application

Location

The subjects are situated on the West side of Union Street in Larkhall recessed from the B7078 which is the main thoroughfare through Larkhall itself. Larkhall is situated within the South Lanarkshire district approx 1.4 miles South East of Glasgow City Centre. The town centre is accessible via the M74 motorway along with a variety of public transport links via road and rail to Hamilton, Motherwell, Glasgow and Airdrie.

Neighbouring occupiers include Well Pharmacy, Co-Operative Food, Subway & B&M Home Bargains.

Subjects

The subjects comprise an extensive single storey former bank in an end terrace position within a prominent retail parade of traditional construction surmounted by a flat roof. The subjects benefit from extensive frontage with access via a DDA compliant automatic door leading to an open plan former banking hall with partitioned offices, staff facilities, strong room and w.c. facilities. Internally the subjects have been painted and decorated in accordance with the former occupier corporate colouring with floors having been overlaid by commercial grade carpeting and laminated timber. Lighting is provided by way of ceiling mounted fluorescent strips with heating provided via wall mounted electric heaters.
The subjects also benefit from a dedicated car park to the rear accessed via a lane to the gable end of the demise providing parking for 4 no. vehicles.

The subjects would lend themselves to a variety of alternative uses, restaurant*, retail*, medical*, showroom*, nursery*.

Area

The subjects have been measured on a Net Internal Area basis and have been calculated to extend to;

Ground: 238.57sqm (2,568sq ft)

NAV/RV

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

£16,500

The subjects qualify for a discount under the Scottish government small business rates relief scheme, an incoming occupier would be entitled to apply for a rates appeal. Any party should satisfy themselves in respect to appeals and rates liabilities.

Proposal

The subjects are available on a new full repairing and insuring lease for a negotiable term for £29,000per annum. Our client would consider disposing of their freehold interest, price available on request.

V.A.T.

The subjects have not been elected for V.A.T.

E.P.C.

Available on request.

Viewing

By appointment via the marketing agents. For the avoidance of doubt, the cash machines have since been removed.

Legal

Each party shall bear their own legal costs incurred in the transaction

The premises are in a good, mixed commercial and residential location on the A4020 Uxbridge Road, The property comprises a three-storey retail and residential building fronting the Uxbridge Road, Hayes, and consisting of three lock-up shops let on commercial terms and 6 no flats each 'sold off' on long-leaseholds with currently approximately 61 years unexpired.

Active management possibilities exist for improving the commercial rents at forthcoming reviews in 2021/22 and for the sale of longer residential leases or buying in flats at a discount to market due to the short terms remaining.
( Agency Pilot Software Ref: 171 )

SW17 7EW-Lucrative, well sought and prime location. We have to offer in the heart of Tooting along the A24 Upper Tooting Road a privately owned A3 restaurant with over 45 seating capacity. Premium applies

High street location
A3 restaurant with over 45 seats
Alcohol licence
Running business
25 year lease
low rent of £19,000 per annum compared to any A3 in the area
premium: £250,000 includes all fixture and fittings
Available immediately.

Viewings only no pictures or floor plans will be available due to strict confidentiality.

Ground Floor Commercial Unit 212 sq m (2,285 sq ft)
FOR SALE
( Agency Pilot Software Ref: 3092 )

Unit 5 Air Hub comprises of a refurbished warehouse/industrial
unit of blockwork construction to a pitched roof. The warehouse area is clear-open plan layout with access available via a full height electric roller door via a dedicated loading bay. Ancillary office accommodation is situated on the first and second floor.
Located 1 mile immediately to the west of Heathrow Airport with easy access to the M25 at Junction 14 and the M4 at Junction 5. Air Hub is in close proximity to all terminals of Heathrow Airport with links available via Airport Way and the North and Southern perimeter roads. The property is ideal for airport related business and freight companies. This area is popular with warehouse and freight operators.

Travel Distances
Junction 14 M25 0.65
Junction 5 M4 2
Junction 4 M4 2.25
Junction 2 M3 (J12 M25) 5.66
Junction 1A M40 8.2
Terminal 5 LHR 3.2
Terminal 4 LHR 4.11
Terminal 1 LHR 6.57
BA World Cargo 3.3

LEASEHOLD: £199,000
ANNUAL RENT: £42,500 (incl. flat)
*NOW WITH LICENCE TO SELL ALCOHOL*

LEASEHOLD: £199,000
ANNUAL RENT: £35,000 p.a together with residential flat at £7,500 p.a. Total rent payable £42,500 p.a. (Rent receivable @ £12,840 p.a.)

LENGTH OF LEASE IS TO BE NEGOTIATED WITH THE FREEHOLDER.

Location
The shop is situated in the heart of the affluent city of St Albans, which is located approximately 25 miles North of London.
The nearest train station is St Albans City (0.6 miles), which offers a journey time to London of approx.18 minutes.

Internal Details
Retail space is circa 450 sq/ft and to the rear of the store is a stockroom/sandwich preparation area, along with a w.c.

Fixtures & Fittings
We are advised by our clients that all fixtures and fittings are owned outright and included in the price sought for the premium.

Letting Accommodation
There is a two bedroom apartment with separate access, currently let at a rent of £1070 per calendar month.

External Details
Additional storage is available by means of a detached storage unit in the gated rear yard area. The Council has allocated a single parking space to the rear of the store (an annual parking permit is required at additional cost).

Business Rates
The rateable value is £16,250 per annum, effective from 1st April 2017.
It is advised that interested parties make their own enquiries with the local authority.

• Turnover for Y/E 30/6/2018: £498,142
• Gross Profit for Y/E 30/06/2018: £168,172
• Net Profit for Y/E 30/6/2018: £139,911
• Additional Residential Rental Income
• Prominent Brand Trading for c. 100 years
• Energy Rating C
• Premises Licence granted by St Albans City & District Council

DESCRIPTION

A1 Retail/A2 Unit - the property comprises ground and lower ground floor premises.

FACILITIES
• Heating
• Power Points
• Alarm
• Telephone Point available

ACCOMMODATION

The approximate net internal floor areas are: Lower Ground Floor -21.8 sq m 234.6 sq ft. Ground Floor 53.2 sq m 572.2 sq ft. (Gross internal basis)

PREMIUM

Premium sought for Leasehold interest - £349,000. We are advised that the property is not elected for VAT purposes.


LEASE

The premises are being offered by way of an Assignment of the existing Lease (subject to the freeholders consent) dated 23rd May 2011 for a term of 125 years from 1st October, 2017.

GROUND RENT

Ground rent currently payable is £1200 p.a. subject to review as per lease dated 23rd May 2011 and Deed of Variation dated 13th November 2014.

BUSINESS RATES

According to the VOA website the rateable value stated is as below:
Rateable Value £6,800
Rates Payable for 2018 - 2019 £3,264*
*Please note that Business Relief may be available to reduce the Business Rates Liability to nil subject to confirmation with the Business Rates Department at St Albans City and District Council.

LEGAL COSTS

Each party to be responsible for their own legal and associated costs.

NON DOMESTIC ENERGY PERFORMACE CERTIFICATE (NDEPC)

E106

VAT

We are advised that the property is not elected for VAT purposes.

For Sale - Freehold Shop - May Suit Other Uses (STP)
The property is situated within a predominantly residential area on the northern side of the A264 Langton Road.
Double fronted retail showroom arranged over ground and first floors with attic stores and parking / land to the rear.

End-terraced retail unit with hot-food consent

Located within the Robroyston area of Glasgow that continues to benefit from significant inward investment with works now underway on a new railway station and 1,600 new homes just north of the subjects

Eligible for 100% rates relief available under the Small Business Bonus Scheme

No VAT on rent / purchase price

The subject property comprises a mid terrace building built of traditional brick and part flint construction under a pitched pantiled roof. The property has been amended over the years to provide a ground floor shop, with access to the side leading to an attractive four bedroomed maisonette arranged over ground, first and second floors.

The shop is let as a beauty salon, which has a display window to Yarmouth Road and is under a flat roofed front extension. This opens into a larger trading area which is fitted out with hairdressing stations and a rear consulting room.

The residential accommodation is accessed through a door from Yarmouth Road leading to an attractive courtyard leading to a hall/utility room. There is a rear WC. This then leads to a large and spacious kitchen/diner with extensive window to the rear garden and from this area there are stairs to the first floor. A living room, overlooking the river green, a front bedroom, two rear bedrooms and a bathroom. On the second floor, accessed via stairs from the living room is a fourth bedroom.

Externally to the rear there is a large garden, with separate access via a garage from the side loke.

( Agency Pilot Software Ref: 334883 )

The property comprises of a ground floor lock up shop currently trading as a car repairs and MOT garage and has been trading since approx 1990, the lease expires 1st August 2021 paying £14,250 p.a.x.

The shop benefits from air conditioning, suspended ceiling, rear shutter/access, alarm, electric roller shutter to the front and carpeting. The shop has a total area of 1,247 sqft (115.85 sqm), which includes a retail area of 595 sqft (55.29 sqm), a rear ancillary area of 652 sqft (60.60 sqm) and additionally a parking space on the forecourt.

There is a 2 bedroom flat above currently paying £12,000 p.a. and are due to leave in March 2019. The pictures below of the flat are prior to the current AST. We haven't inspected the flat but are informed that its one single and one double bedroom.

( Agency Pilot Software Ref: 646 )

The property was formerly utilised as a bank and extends over basement, ground and first floors. The building would suit a variety of uses (subject to planning).

- Former Bank Premises
- Busy high street location
- Suitable for a variety of uses (STP)

Newly refurbished versatile A1 / A2 (office) / A3 unit
(905 sq ft)
To Let / May Sell
( Agency Pilot Software Ref: 3087 )

Freehold Investment For Sale – Offers Invited in the Region of £350,000. Fully let self-contained retail unit with basement, together with offices on upper floors. Located in a busy retail position close to the centre of Caversham, producing an annual income of £23,700. Possibility of residential conversion subject to obtaining vacant possession and planning consents.

The property was formerly utilised as a bank and extends over ground and first floors. The building would suit a variety of uses (subject to planning).

- Former Bank Premises
- Busy high street location
- Suitable for a variety of uses (STP)