Shops for sale

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.

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

62 Cotham Hill & 26a Aberdeen Road, Bristol BS6 6JX

• Long Leasehold

• Ground and Basement Floors

• 1,606 sq ft (149.20 sq m)

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.

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

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

•Prime Development Lands of c.7 acres with short-term income of £210,000 per annum.

•Boucher Road is the premier ‘out of town’ retail warehousing, trade counter and car show room district in Northern Ireland.

•One of the few sites in the Boucher area with no ground rents payable.

•Offers invited in the region of £8,500,000.

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

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)

The property comprises mixed use accommodation over four floors. The premises currently comprise retail accommodation over ground floor with an attractive double frontage, office and storage accommodation at first floor, a caf� and kitchen at lower ground floor, and a one bed flat at second floor. The property also benefits from a newly refurbished garden at lower ground floor including external caf� seating, plus vault storage. The flat benefits from being able to attain a central zone parking permit.
( Agency Pilot Software Ref: 304 )

The development will comprise a new build roadside scheme accessed directly from Dudley Road close to the junction with Sedgley Road East (A457). It is suitable for a variety of roadside, trade, retail and drive thru food and beverage uses.

( Agency Pilot Software Ref: 20010078 )

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

- Former Bank Premises
- City Centre Location
- Suitable for a variety of uses (STP)

A commercial (retail/office/business) building

Roadside shop and uppers for sale freehold