Shops for sale

HAMPSHIRE – NEW FOREST DEVELOPMENT OPPORTUNITY

SMITH BRADBEER LIMITED IS INVITING MAJOR DEVELOPERS/ CONTRACTORS/INVESTORS TO EXPRESS INTEREST IN BECOMING THE PARTNER(S) IN DEVELOPING 3 MAJOR SITES TOTALLING 1 HA IN THE CENTRE OF THE AFFLUENT COASTAL TOWN OF NEW MILTON

• Excellent links to Bournemouth Southampton & London
• Freeholds held by Smith Bradbeer Limited
• All appropriate user classes considered including over 15,000 m2 of residential / care accommodation with up to circa 7,500 m2 of retail, subject to planning approval
• Development timescale likely to begin Q1 2021
• Potential for 100+ apartments
• Gross Development Value £50m+
• Positive engagement with Local Planning Authority
• Smith Bradbeer Limited to retain presence on part of the site
• Partner(s) sought with vision, commitment and finance
• Stage 1 expressions of interest sought by 2nd November 2018

• 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

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

Prominent period building with planning permission for retail, office and residential development.

The property comprises a four storey building plus basement. The ground and basement levels are in retail (A1) use; the first and second floors consist of B1 floorspace (which is currently partly occupied); and the third floor is residential (vacant).
Planning permission has been granted for rear extensions to create enlarged retail space at basement and ground floor, retention of existing office space at first and second floors, and three flats arranged over first to third floors (2 x 1 bed flats and 1 x 2 bed flat).

The consented accommodation comprises 2,993sqft GIA of retail, 1,636sqft GIA of office accommodation, and 2,077sqft NSA of residential accommodation.

The freehold interest is available with vacant possession.

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

Exceptional Development Opportunity

Located within the wider Mindenhurst development which has outline planning permission for 1,200 new homes, primary school, retail outlets, sports facilities, employment space and over 69 hectares of public green space

Parcels C & D have outline planning permission to provide up to 135 residential units and associated commercial floor space

Site area totals approximately 3.55 hectares/8.77 acres

The site will be fully serviced

Unconditional offers invited

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)

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.

Former Countrywide store. Detached building providing retail/showroom, storage and office accommodation with petrol sales forecourt and canopy.



(From Caldes Software. Property Ref: N89620. Oct 19 2018 10:07AM)

The property has been constructed in two parts. The original building is a double pitched configuration with two flat roofs. Another two bay extension has been added to the right hand side of the site.

Externally an extensive car parking area exists to the front of the site, together with a loading area to the front of the second bay extension. A further yard area exists to the left hand side leading to a smaller yard area to the rear of the original building.
( Agency Pilot Software Ref: 2041015 )

The building is of a presumed solid brick construction with elevations beneath a pitched slate clad roof. Elevations incorporate a range of timber framed windows and joinery. Included within the sale are:

63 & 67 (two self-contained, ground floor retail units), 69 (a rear office / storage unit) and the reversionary interest in the upper floors which are subject to a long lease.

It is the agents opinion, subject to the necessary consents, 69 could be interlinked with 63 to create a single well appointed unit suitable for a range of uses.
( Agency Pilot Software Ref: 7381 )

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 )

The property comprises a ground floor retail unit with basement (not inspected). Being part of a three-storey building comprising two floors of residential accommodation above the ground floor shop.

The property has a wider than average frontage to Kingston Hill making it highly visible to passing traffic. In addition to the retail space on the ground floor there are storage rooms and offices plus a kitchen and WC
( Agency Pilot Software Ref: 315 )

**PRIME RETAIL INVESTMENT FOR SALE**

Let for a term of 10 years from June 2018 to Ramsden's Financial Ltd at a passing rent of £12,000 p.a. rising to £15,000 p.a. from year 4.

Upward only rent review at the end of year 5.

COVENANT
Ramsden's currently has over 120 branches throughout Northern England, Scotland and Wales and was established in 1987. The company has developed into a recognised and trusted national high street retailer.

Offers in the region of £165,000 are invited for the freehold interest.

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.

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 is a two-storey building with brick elevations surmounted by a pitched slate roof. The retail unit is self-contained and located on the ground floor. Internally the property benefits from a glazed shop front, tiled flooring, plaster & painted walls, extraction canopy, cold room, suspended ceiling incorporating spot lights and WC facilities. Parking is also available at the front of the premises.

Prominent Retail Unit on a newly constructed Local Centre site - To Let or alternatively the shop is available to purchase on a Long Leasehold basis.
( Agency Pilot Software Ref: 21291 )

Prominent Retail Unit
Total NIA 84.64 sq m (911 sq ft)
( Agency Pilot Software Ref: 2992 )

Mixed Use Grade II Listed Property
( Agency Pilot Software Ref: 20010041 )

HAMPSHIRE – NEW FOREST DEVELOPMENT OPPORTUNITY

SMITH BRADBEER LIMITED IS INVITING MAJOR DEVELOPERS/ CONTRACTORS/INVESTORS TO EXPRESS INTEREST IN BECOMING THE PARTNER(S) IN DEVELOPING 3 MAJOR SITES TOTALLING 1 HA IN THE CENTRE OF THE AFFLUENT COASTAL TOWN OF NEW MILTON

• Excellent links to Bournemouth Southampton & London
• Freeholds held by Smith Bradbeer Limited
• All appropriate user classes considered including over 15,000 m2 of residential / care accommodation with up to circa 7,500 m2 of retail, subject to planning approval
• Development timescale likely to begin Q1 2021
• Potential for 100+ apartments
• Gross Development Value £50m+
• Positive engagement with Local Planning Authority
• Smith Bradbeer Limited to retain presence on part of the site
• Partner(s) sought with vision, commitment and finance
• Stage 1 expressions of interest sought by 2nd November 2018

Unit 8 comprises a modern single storey industrial unit within a terrace of similar properties, set behind soft landscaping and a car park. Construction is of traditional design and materials in a steel frame and external profile cladding.
The unit has a gross internal floor area of 2,925 sq. ft. (272 sq. m.)
Location:
Gateshead is located on the south bank of the River Tyne, opposite Newcastle upon Tyne and within 2 miles of Newcastle city centre, 15 miles from Durham, 13 miles from Sunderland and only 9 miles from Newcastle’s International Airport.
Gateshead hosts the renowned Metro Retail Park and Team Valley Industrial Estate, which was originally the largest such estate in Europe, and is still one of the most substantial. Derwenthaugh Marina is a popular location and lies on the bank of the River Tyne, on the edge of an established industrial estate, just off
the A1M north/south arterial route.

For Sale / To Let - New retail development on the south side of Woodchurch Road, a popular shopping destination due to its accessibility and large residential population within walking distance. The units are due to be completed in Spring 2019 and comprise either the whole unit of 2,000 sq ft for £29,500 pa, or can be split into two smaller units of 1,000 sq ft with rentals of £17,250 or £16,000. Nearby occupiers include Kwik Fit, Farm Foods, Rightway, Home Bargains, Subway and Lloyds TSB. Woodchurch Road is approx 5 miles from Liverpool city centre and one mile from junction 3 of the M53. Available by way of a new FRI lease for a term to be agreed.