Shops for sale

• Affluent north west town with over 570,000 people living within 30 minutes of its centre
• Prominent & easily accessible location adjacent to the A59 Liverpool Road
• Let to national retailers including Aldi, B & M, Pets At Home, Peacocks, Sue Ryder and Subway with a highly attractive WAULT of over 14 years
• Approximately 41% of the income subject to either RPI or fixed increases
• Offers are sought in excess of £15,300,000 (Fifteen Million Three Hundred Thousand Pounds) reflecting an attractive Net Initial Yield of 6.00% assuming purchaser costs of 6.73%.
• Based on the fixed/RPI increases, the running yield would rise
to 6.33% in 05/2022, 6.70% in 05/2027 and 7.11% in 05/2032

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.

UNDERLANE, HOLSWORTHY – FOR SALE –DEVELOPMENT SITE – c. 2.4 ACRES

Prime site opposite Waitrose store

Freehold Retail/Leisure Investment
with additional Residential Development Potential
OIEO £3,000,000

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%

• A freehold retail investment situated in one of Berkshire’s more affluent suburbs.
• A large, prominent, well configured store over ground and first floor ancillary measuring 7,950 sq ft.
• Total income of £114,000 per annum.
• Let entirely to the strong covenant of Budgens Ltd until 24 June 2026.
• Future asset management opportunity to regear the lease with Budgens and add an additional floor subject to planning.
• Offers are invited in excess of £1,650,000 reflecting a Net Initial Yield of 6.46% assuming purchasers costs of 6.8

3.2 ACRE MAJOR REDEVELOPMENT OPPORTUNITY OPPOSITE DEVONPORT DOCKYARD

• Site suitable for various uses (STPP)

• Unconditional and conditional deals considered

• Existing GIA of 11,397 sq m (122,682 sq ft)

• Site area of 1.29 hectares (3.2 acres)

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

FULLY LET
RETAIL AND RESIDENTIAL
REVERSIONARY INVESTMENT

• Main Road Location
• Opposite Morrisons Supermarket
• Commercial Unit and Residential Upper Parts Let on Overriding Lease terms
• Currently producing £18,635 p.a.
(Subject to rent review in December 2019 with estimated rent of £24,000 p.a.)


LOCATION
The properties are situated on Hatfield Road, opposite Morrisons, to the east side of St Albans, approximately one mile from the city centre. This is an established area with a wide variety of retail outlets and services represented. St Albans is a prosperous and historic market town, strategically situated some twenty miles north-west of central London. The City enjoys excellent road and rail communications with the M25 (J21A), M1 (J6) and A1(M)(J3) motorways all within approximately six miles distant. St Albans mainline railway station provides for rapid access to St Pancras International (approximate travelling time twenty minutes).

DESCRIPTION
The subject premises comprise ground floor commercial premises, with 2 bedroomed flat above with separate access.

LEASE
15 year lease expiring 24/12/2024. £18,635 per annum (ERV £24,000 p.a.)

COVENANT
Medivet Partnership LLP
(Company Registration No: OC 344222)

GUIDE PRICE
£505,000

VAT
The premises are not registered for VAT and therefore VAT will not apply.

BUSINESS RATES
Rateable values April 2017
199 Hatfield Road - £15,750

Interested parties are advised to make their own enquiries of
St Albans Council.

LEGAL COSTS
Each party to be responsible for their own legal costs.

NON-DOMESTIC EPC
199 : D 96

RESIDENTIAL EPC
199a : D 66-70

FOR SALE
FULLY LET
RETAIL AND RESIDENTIAL
REVERSIONARY INVESTMENT

• Main Road Location
• Opposite Morrisons
• 1 Retail Unit and Residential Upper Parts
• Producing £21,800 per annum from 25/03/2018

LOCATION
The properties are situated on Hatfield Road, opposite Morrisons, to the east side of St Albans, approximately one mile from the city centre. This is an established area with a wide variety of retail outlets and services represented. St Albans is a prosperous and historic market town, strategically situated some twenty miles north-west of central London. The City enjoys excellent road and rail communications with the M25 (J21A), M1 (J6) and A1(M)(J3) motorways all within approximately six miles distant. St Albans mainline railway station provides for rapid access to St Pancras International (approximate travelling time twenty minutes).

DESCRIPTION
The subject premises comprises ground floor retail premises together with a 4 bedroom flat above with separate access.

There is development potential for the land to the rear, with garage premises, subject to planning permission.

LEASE
20 year lease expiring 24/03/2023. £20,800 per annum from 25/03/2018 (ERV £25,000 pa).

GUIDE PRICE
£600,000

VAT
The premises are not registered for VAT and therefore VAT will not apply.

BUSINESS RATES
Rateable values April 2017
201 Hatfield Road - £17,500

Interested parties are advised to make their own enquiries of St Albans Council.

LEGAL COSTS
Each party to be responsible for their own legal costs in connection with this matter

Non-Domestic EPC
201 : D 79

Residential EPC
201a : E 48-60

***Private and Confidential - Staff unaware ***
Highly prominent double-fronted corner retail unit
Located in the heart of Hamilton town centre on Cadzow Street immediately opposite it’s junction with Quarry Street
New FRI lease available
May be suitable for alternative uses, including class 3, subject to planning
No VAT on rent / purchase price
On-street parking provided

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

The property is a mid-terrace building and the Bank's freehold ownership comprises five floors; basement, ground, first, second and third floors, however the second and third floors have been sold on long leases.

- Former RBS Bank For Sale
- Arranged over basement, ground and first floor totalling 3,602 sq ft (338 sq m)
- Offers in excess of £525,000
- The unit benefits from A2 use

The subject property comprises a substantial retail block split into two selfcontained units built over basement, ground and two upper floors. The ground floor provides a well fitted out sales area accessed via an entrance fronting onto Carr Street.

The basement unit has recently benefited from approximately £300k of capital expenditure, and is currently being fitted out as a separate retail unit with access directly off Carr Street. The upper parts are vacant and may be suitable for alternative uses, subject to the necessary planning consents.

The property provides a GIA of 102,727 sq ft (9,543.57 sq m) as set out in the accommodation and tenancy schedule.

The property produces a current rent of £300,000 pa, as set out in the accommodation and tenancy schedule.

The properties comprise a parade of primarily 2/3 storey traditional stone
terraced buildings with pitched and slated roofs. The individual shops are occupied by a variety of food, leisure and retail uses, all fitted out internally to modern standards. All mains services are available to the individual premises.
Elgin, the administrative and commercial centre of Moray district, is an affluent market town with a resident population of some 21,000 and a primary catchment of approximately 90,000 within a 10 mile radius.

The premises comprise a lock-up ground floor retail unit together with a self-contained three bedroom flat accessed from the rear. The self-contained residential accommodation on the upper floor has been sold off on a long lease for a term of 189 years from 8th July 1981.

The property is situated on the busy Greenford Road in Greenford, Middlesex which is a densely populated suburb of West London located between the A40 Western Avenue and the Uxbridge Road, some 9 miles west of Central London.

Occupiers close by include Tesco, Barclays, Lloyds TSB, Costa Coffee, Pizza Hut and Boots, amongst many others.

•OFFERS OVER £295,000 ARE SOUGHT
•PRIME LOCATION
•PLANNING FOR 23 BEDROOMS
•WELL SUITED FOR RE-DEVELOPMENT
•LISTED BUILDING
•SUITABLE FOR MULTIPLE USES
•7,965 SQ FT OF ACCOMMODATION
•NO EMPTY RATES COSTS (LISTED BUILDING)
•FULL PLANNING PERMISSION AND WARRANTS

LOCATION

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Cupar is a town, former royal burgh and parish in Fife, Scotland. It lies between Dundee and Glenrothes. According to a 2011 population estimate, Cupar had a population around 9,000, making it the ninth largest settlement in Fife, and the civil parish a population of 11,183. The town is located on the A91 carriageway which links St Andrews to Stirling / Perth. The town also benefits from access to the main railway and bus network.

The subjects are located on the northern side of St Catherine Street between its junctions with Castlehill and East Bridge and forms part of the main town centre and retail area.

DESCRIPTION

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The subjects comprise a “B” listed mid terraced 4 storey building which we would estimate was constructed in the late 1800’s. The main building is of traditional stone construction surmounted by a pitched and slated roof.

The property was most recently used as office accommodation in multiple occupation. Our client has obtained planning permission for re-development of the property into an apart-hotel / service accommodation over 4 floors providing 23 bedrooms, reception area and computer room. There is scope to re-develop the property into alternative uses such as residential flats or there is also potential to use the property for office (Class 2/4) use. Please refer to planning reference 18/00962/FULL. The development benefits from full planning permission and building warrants (further information available upon request).

PLANNING

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All queries in relation to redevelopment/reconfiguration of the subjects should be addressed to Fife Council Planning Department.

PROPOSAL

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Offers of £295,000 are invited for the Heritable (Scottish equivalent of Freehold) interest.

EPC

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D

CLOSING DATE

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A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale or lease of the property.

VAT

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All prices, premiums and rents quoted are exclusive of VAT.