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

UNBROKEN FREEHOLD FOR SALE

• 7 Flats all let on ASTs (1 x studio, 4 x 1 beds, 2 x 2 beds)
• Commercial unit on ground floor let at £15,000pa
• TOTAL income £115,740 per annum
• We are seeking offers in the region of £2,400,000 for the freehold interest

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

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

Prime site opposite Waitrose store

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

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.

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.

Prominent Roadside Position
Potential For Alternative Uses
2,213sq ft
Incentives Available
£15,000per annum
Freehold Price on Application

Location
The seaside town of Saltcoats (population 11,000) stands on the North Ayrshire coast of the Firth of Clyde opposite the Isle of Arran. Saltcoats, Ardrossan to the northwest and Stevenson to the east, form what is known locally as the “Three Towns”. There is a range of amenities including beach, local shops, supermarkets, restaurants, schools, train stations and bus services. There is a regular ferry service to the Isle of Arran from Ardrossan. A new ferry service also provides a summer service to the Kintyre peninsula. Lying some 38 miles south west of Glasgow and 21 miles north of Ayr the town is easily accessible via the M77 and well located for travel throughout West Central Scotland. Occupiers within the vicinity include Santander, solicitors, funeral directors and some independent traders. Kirkgate Parish Church and The North Ayrshire Heritage Centre are located near to the property. National occupiers Boots, Betfred and Greggs are located on the main retail pitch, Dockhead Street, which is situated round the corner from Chapelwell Street.

Subjects
The property comprises the ground floor of an end of terrace, four storey traditional red sandstone building under a pitched slate roof. There is a single storey extension to the rear. The upper floors appear to be in residential use. Internally, the accommodation comprises an open plan area, three interview rooms, two stationery stores, book room, strong room, work area, staff room and toilets. The property benefits from electric heating, fluorescent recessed lighting and some carpeting. There is some on-street parking available and a number of public car parks within the vicinity. This is a well placed unit in the town centre and provides an opportunity for office or retail use or, subject to obtaining the necessary consents, may lend itself to alternative development.

Area

The subjects have been measured on a Net internal Area basis to extend to the following floor area:

Ground: 205.6sqm (2,213sq ft)

NAV/RV

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

£19,800

The subjects qualify for discount under the small business rates relief scheme, any occupier / purchaser would be entitled to apply for rates re-assessment.

Proposal

The subjects are available on a new full repairing and insuring lease for a negotiable term for £15,000per annum. Our client would dispose of their freehold interest, price available on application.

V.A.T

Prices quoted are exclusive of V.A.T

E.P.C
Available on request.

Cumnock Town Centre
Entire building
3,938sq ft
Potential for alternate use (subject to planning)
Lease: £12,000per annum
Freehold: P.O.A

Location

The subjects occupy a prominent position on the East side of Glaisnock Street within the town centre of Cumnock. Cumnock is situated in East Ayrshire approximately 40 miles South of Glasgow city Centre and 15miles East of Ayr.

Cumnock is an expanding area with extensive residential development in surrounding areas over recent years with a varied demographic the town is serviced by excellent public transport links along with ease of access to the M77 motorway network. neighbouring occupiers include Cumnock Town Hall, Co-Op Food, William Hill, Kebab plus, Savers beauty and the Dumfries Arms Hotel.

Subjects

The subject comprise a traditional 3 storey building of sandstone construction surmounted by a mansard roof overlaid in slate with small private garden to the rear. The subjects are accessed via recessed aluminium framed glazed door secured by traditional twin heavy timber outer doors. Internally the ground floor offers main banking hall with several portioned offices along with storage rooms, storm rooms, w.c. facilities & staff area.

The upper floors are accessed via an internal staircase via a separate entrance at ground floor leading to first and second floors. There upper floors offer ancillary office accommodation, male and female w.c. and tea prep area.

Area
the subjects have been measured on a net internal area basis and offer he following floor areas;

Ground: 204.81sqm (2,205sq ft)
1st: 100.44sqm (1,081sq ft)
2nd: 60.56sqm (652sq ft)

Total: 365.81sqm (3,938sq ft)

NAV/RV

The subjects have been assessed separately with entries for ground and upper floors and have been entered into he valuation roll with the following NAV/RV;

Ground: £14,300
1st: £10,000

Planning

The subjects currently benefit from Class 2 consent, alternative uses may be available subject to planning such as hotel, residential, restaurant, community centre.

Proposal

Our client is offering the subjects on a new full repairing and insuring lease for a negotiable term for £12,000per annum. Our client would dispose of their freehold interest, price on application.

V.A.T.
Prices quoted exclusive of V.A.T.

E.P.C.

Available on request

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.

A well presented mixed commercial / residential investment property situated in Gorleston town centre. Ground floor shop with separate rear access to ground floor annexe and two upper floor flats.

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.

A new strategically located retail/business park destination for Cornwall Approximately 10 acres of strategically located brownfield development land with potential for in excess of 100,000 sq ft. Considered suitable for a variety of uses including retail, roadside, leisure and employment subject to planning. Proposals for pre-lets, design and build and plot sales will be considered subject to planning and subject to contract. Prices and rents available on request..



(From Caldes Software. Property Ref: N88150. Nov 12 2018 2:22PM)

The property is a Grade II listed building arranged over ground, first, and second floors, together with a car park to the rear with c. 20 spaces.

- Former RBS For Sale
- Arranged over ground, first and second floors totalling 4,250 sq ft
- Offers in excess of £650,000
- Benefits from A2 use

A great investment opportunity in the centre of Plymouth located directly across the road from Aldi Supermarket. The premises fronts directly onto the main road and comprises a four storey building which has been refurbished over recent years to a standard as part of the Council's Commercial Improvement Area Scheme. Currently Let to Best Connection Employment Group, the building also offers ample secure parking to the rear.
( Agency Pilot Software Ref: 103 )

TO LET - £16,000 pa or freehold available by negotiation.
Attractive double fronted shop/office
Situated in a popular pedestrianised street near to a range of independent retailers and cafes
Ideal for professional office or retail unit
In close proximity to car parks and other amenities
( Agency Pilot Software Ref: 69 )

RETAIL INVESTMENT WITH RESIDENTIAL GROUND RENT IN POPULAR AFFLUENT TOWN
( Agency Pilot Software Ref: 201506 )

INVESTMENT | SINGLE LET LONG LEASEHOLD RETAIL INVESTMENT
( Agency Pilot Software Ref: 3032 )

Town centre, high street investment opportunity consisting of 3 adjacent properties. The ground floors are currently occupied by 2 retail operations, whilst the upper parts are occupied by a number of office users.
( Agency Pilot Software Ref: 103684 )

Vacant retail unit and tenanted office investment available for sale in central Reading

Location

Presently the property comprises a 2 storey retail warehouse, known as 71-73 Caversham Road, with a service yard and car parking area situated on the eastern part of the site fronting Caversham Road, together with 2 no. detached 2.5 storey attractive office buildings, known as The Brewery and The Malthouse, with further car parking space situated on the western part of the site. The property’s retail warehouse is currently used as the locally famous Drews Ironmongers whilst its office buildings are fully let to office tenants. The property is bordered by Caversham Road at its eastern boundary, Northfield Road at its northern boundary, a development of 3 storey flats known as Monmouth Court at its western boundary and a retail warehouse currently used as a gym at its southern boundary. Vehicle and pedestrian access to the property is achieved from Northfield Road whilst the retail warehouse also has pedestrian access from Caversham Road.

Additional Details

Description

Presently the property comprises a 2 storey retail warehouse, known as 71-73 Caversham Road, with a service yard and car parking area situated on the eastern part of the site fronting Caversham Road, together with 2 no. detached 2.5 storey attractive office buildings,  known as The Brewery and The Malthouse, with further car parking space situated on the western part of the site.

The property’s retail warehouse is currently used as the locally famous Drews Ironmongers whilst its office buildings are fully let to office tenants.

The property is bordered by Caversham Road at its eastern boundary, Northfield Road at its northern boundary, a development of 3 storey flats known as Monmouth Court at its western boundary and a retail warehouse currently used as a gym at its southern boundary.

Vehicle and pedestrian access to the property is achieved from Northfield Road whilst the retail warehouse also has pedestrian access from Caversham Road.

Accommodation

The property provides the following existing accommodation:-

Drews 71-73 Caversham Road (Retail warehouse):    1,010.30 sq m (10,875 sq ft) Gross Internal Area

The Brewery (Offices):     245.40 sq m (2,641 sq ft) Net Internal Area

The Malthouse (Offices):      129.60 sq m (1,395 sq ft) Net Internal Area

Externally:  Car parking and yard/loading space

Total Site Area: 0.159 hectares (0.393 acres)

Tenure

The property will be sold freehold with the occupancy position being as follows:

Drews, 71-73 Caversham Road:

Vacant

The Brewery and The Malthouse: 

Both Let to Coffey International Development Limited (under 2 separate leases dated 28th September 2017) for 10 years from 5th February 2018 at a total combined passing rent of £64,550 per annum.  Rent Reviews dated 5th February 2021, 2024 and 2027.  Tenant Break Clauses on 4th February 2021.  Tenant’s FRI obligations.

Copies of both leases are available upon request.

Energy Performance Asset Rating

The Brewery & The Malthouse:  C:74

Drews, 71-73 Caversham Road:  TBC

Business Rates

The property lies within the administrative authority of Reading Borough Council (the Rating Authority) and is shown in the Valuation List as having a total Rateable Value of £123,000 which is broken down as follows:

Drews, 71-73 Caversham Road:  £77,000

The Brewery and The Malthouse:  £46,000

VAT

The property is elected for VAT.  Therefore VAT will be payable on the purchase price.

Planning

The property has no significant planning application history.

Having regard to local and national planning policy, the property holds obvious potential to be redeveloped to residential or some other alternative use, either as a whole or in part.

The property’s existing office buildings also hold potential to be converted to residential use under Permitted Development Rights.

Any planning related queries should be directed to the Local Planning Authority: Reading Borough Council.

Method of Sale

The property’s freehold interest is offered for sale by way of informal, non-binding tender with the vendor reserving the right not to accept the highest or any offer and also reserving the right to withdraw the property from sale or to vary the method of sale at any time without notice.

The property is offered as a whole and/or as individual Lots as follows:

Lot 1:  Drews, 71-73 Caversham Road (Vacant retail warehouse).

Lot 2:   The Brewery and The Malthouse (Fully let offices).

Written offers for the property are invited by 12 Noon Wednesday 12th December 2018.

Full information on the Method of Sale can be found within the particulars of sale.

Technical Information Pack

A copy of the Technical Information Pack can be downloaded from Haslams Surveyors LLP’s website. Please visit www.haslams.co.uk.

The Information Pack includes:

1.Land Registry Freehold Title and Title Plan.

2.Leases on The Brewery and The Malthouse.

3.Energy Performance Certificates.

Viewing And All Other Enquiries

All enquiries should be directed to the vendor’s sole agents.

Viewings of the property are strictly by appointment only. 

Access to the property during viewings will be available via its entrance from Northfield Road.

Please note that parties must not enter the property outside the viewing times without our prior authority and any inspection of the property is at the prospective purchaser’s risk. 

Access to the internal parts of The Brewery and The Malthouse will not be available during viewings.

PRICE REDUCED

We are delighted to be able to offer to the market this extremely attractive, profitable and versatile business which is located in the lower hills of Snowdonia National Park.

The property consists of a very popular scenic coarse fishery with three lakes, a well-run aquatic and reptile centre, a busy Dutch Pancake House (unique in the North-West of England); an attractive nature trail with ducks, geese, chickens, capybaras, reeves, pheasants and otters with attractive ponds, lakes and natural wildlife and a shop which sells a range of fishing and fish keeping products.

There is also a beautifully presented and attractive owner's house set in its own gardens overlooking lakes and with stunning views over the countryside to the mountains of Snowdonia.

Our clients have owned the centre since 2007 and invested significantly in the property but are now looking to retire. There is still considerable potential to further extend the turnover and profitability of the business as well as a strong possibility that planning consent could be granted for a second residential dwelling which could allow for an extended family to live and work on site.

With the travel guide Lonely Plant naming North Wales fourth in a list of best regions to visit in 2017 and visitor numbers up by 4% in the year to January 2017 and, with the visitor spend in Wales circa £366 million, we feel the property offers a unique and exciting opportunity and we look forward to receiving your further interest.

Our Ref: 0256
( Agency Pilot Software Ref: 2629 )