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.
Station Road, Addlestone, KT15 2BA
Type: Retail, Residential Land, Residential
Station Road, KT15 2BAGBAddlestoneSurreyKT15 2BAStation Road
• 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
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.
OFFICE INVESTMENT OPPORTUNITY OR RESIDENTIAL/ STUDENT DEVELOPMENT
• 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
INVESTMENT OPPORTUNITY Two retail shops forming part of a comprehensive and high quality conversion/development undertaken approximately 10 years ago and comprising two retail shops let to The Village Optician and First for Flowers. The present rental income is £16,150 per annum including £100 per annum ground rent for the four apartments above. The shop tenants pay 1/6 of the service charge for the building which equates to £1,459 per annum. The purchaser of the freehold will take over the estate management of the property which is presently handled by an independent management company on behalf of our client. Further particulars are available upon request including the break down of the service charge expenditure.
West Auckland Road, Darlington, DL3 9EL
Type: Retail, General Retail, Retail - Out of Town
Alma House, West Auckland Road, DL3 9ELGBDarlingtonDurhamDL3 9ELWest Auckland Road
Prominently located Retail Unit on main approach to Prime Retail Area Ancillary/Residential Accommodation arranged on Upper Floors Scope for Residential Development on Upper Floors Ground Floor Area approx. 80.77 sq m (870 sq ft) Total Area approx. 293.6 sq m (3,159 sq ft)
DESCRIPTION This period three-storey town centre building is Grade II listed and comprises a ground floor retail shop and basement with separately accessed ancillary accommodation arranged on the first floor and ancillary/residential accommodation on the second and third floors. A separate access to the upper floors off Wyle Cop can be reinstated.
SITUATION The property occupies a prominent position at the upper end of Wyle Cop, one of the main routes to the town centre, amongst a variety of niche retailers and food and drink operators including the Lion Hotel.
The established retail pitch of High Street is nearby with multiple retailers including Waterstones, White Stuff, Costa Coffee, Zizzi, etc also within close proximity. The NCP Wyle Cop and St Julian’s Friars Car Parks are also within walking distance of the property.
82 Wyle Cop, Shrewsbury, SY1 1UT
Type: Residential, Retail, General Retail, Retail - High Street, Other, Other Property Types & Opportunities
Comprises a modern three storey building arranged as a ground floor retail unit with a two bedroom flat to the first floor and a one bedroom flat to the second floor, both accessed from the rear. There is a shared hard-standing area to the rear for loading and a parade of garages with three belonging to the subject property.
Situated within Harpenden which is a prosperous town ranked 8th (The Telegraph) in Britain’s Richest towns and having a population of around 30,000 (2011 Census). Harpenden is located 25 miles to the north of central London and is six miles to the north of St Albans and six miles to the south of Luton. There are excellent road communication links with the M1 four miles to the west and the A1(M) eight miles to the east. Harpenden mainline railway station is three miles to the north which provides a fast and regular service to London St Pancras (26 minutes) and Luton airport (15 minutes).
The shop is situated prominently within a popular local retail parade approximately three miles to the south of Harpenden town centre in an area known as Southdown. Other nearby occupiers include Co-op supermarket, Simmons bakery, William Hill, Jewsons and a number of established local retailers. There is on street parking to the surrounding roads and a free car park within 30 metres.
4 Piggottshill Lane, Harpenden, Herts AL5 1LH
4 Piggottshill Lane, AL5 1LHGBHarpendenHertfordshireAL5 1LH4, Piggottshill Lane
14, Fore Street is at the heart of the historic former market town of Callington, well located within East Cornwall, around 12 miles north from Saltash, A38 and the Tamar Bridge, 12 miles south of Launceston and A30 and at the junction of A388 with the A390, Tavistock to Truro road.
The town is growing rapidly with recent housing and further new housing planned, current population approximately 6000, and well known as 'home' to Ginsters, the largest pasty bakery in the UK, together with a wide employment base.
Callington is also enjoying a revival of real interest in the area's mining potential, with the prospect of reopening the Redmoor mine within the coming 2 years for rich reserves of tungsten and tin.
Nearby occupiers include Lloyds Bank, Bradleys estate agents, a large Spar with butchery and Subway, local traders and the Bull's Head public house .
14 Fore Street Callington, for many years trading as retailer Pridhams Electrical, is a distinguished, part 3 storey and part single storey historic building. The premises offer a wide double retail frontage and display window, with a clear retail area, and useful store to the rear. The store has direct access from a public car park. The access from the car park onto Fore Street is a useful and busy path, being a permissive way, but within the title of this property.
At first and second floors are a number of rooms, used as offices and stores but having possibilities for residential conversion, subject to usual consents.
The subjects comprise a purpose built two storey brick building with a pitched tiled roof constructed in the early 1990s. The Secretary of State for Communities and Local Government occupies a two storey unit fitted out in the corporate style of Job Centre Plus and offers a clean floor plate at ground level with cellular office accommodation on first floor. Delice's Caf� occupy the adjacent unit at ground floor only, which is fitted out as a caf� and patisserie. The third unit is a modern Doctor's surgery, which is arranged over ground and first floor. ( Agency Pilot Software Ref: 59752 )
148-158 Battlefield Road, Glasgow, G42 9JT
Type: General Retail, Mixed Use, Retail - High Street, Retail, Other Property Types & Opportunities
Town Centre Premises For Sale/To Let - Prominent location with high footfall - Close to Buttermarket Centre retail and leisure redevelopment - Two storey premises, suitable for a variety of uses (subject to planning) - 109.93 sq m (1,183 sq ft) - Guide Price £199,500 - Rent £15,000 per annum
29 Brindley Road | The building is of concrete floor base, steel portal frame construction with brick elevations. The front section of the building contains two floors of offices under a flat roof with the office space having been completely refurbished to a high specification, including double glazing and air conditioning. The rear section of the building houses the warehouse, which has also been completely refurbished, with a complete new roof and electric roller shutter to the rear, with eaves height at 4.2m/ apex 6.8m. There is also a small yard to the rear, with part being taken up by a single storey 3.41m height workshop area. To the front of the unit there is a dedicated parking area for 7 vehicles. ( Agency Pilot Software Ref: 1299 )
29 Brindley Road, Coventry, CV7 9EP
Type: Distribution Warehouse, Light Industrial, Other, Trade Counter, Industrial, Other Property Types & Opportunities, Retail
Situated approximately 1 mile north of Darlington town centre on an arterial route to A1M, the property comprises a ground floor shop affording versatile sales accommodation with parking for two cars at the front and a rear yard.
326, North Road, Darlington, DL1 3BH
Type: General Retail, Retail - Out of Town, Retail
326 North Road, DL1 3BHGBDarlingtonDurhamDL1 3BH326, North Road
Unit 6 comprise of an industrial/warehouse unit of steel portal frame construction to brickwork elevations and a mono pitched roof. Arranged over ground and first floor levels the unit benefits from warehousing on the ground floor and first floor offices, dedicated loading via a full height electric loading door and 8 allocated car parking spaces. The property is being sold on a long leasehold basis, we have been informed the freehold can be purchased for the sum of £29,312 subject to both sides paying their own legal fees. The unit is prominently located on The Sarum Complex on the well established Uxbridge Trading Estate which is approximately 1 mile from Uxbridge Town Centre. Uxbridge tube station is in the town centre and runs a regular service into the Centre of London via the Metropolitan and Piccadilly Line.
INDUSTRIAL WAREHOUSE UNIT - FOR SALE
Type: Distribution Warehouse, Industrial Park, Retail Park, Light Industrial, General Industrial, Industrial, Retail
End-terraced single storey retail unit located within the Newlands area of Glasgow’s south side, just off Kilmarnock Road Internally provides open-plan accommodation with storage space and WC to the rear Property has been recently re-roofed Immediate free on-street parking provided Eligible for 100% rates relief under the Small Business Bonus Scheme No VAT on rent / purchase price
188, Riverford Road, Glasgow, G43 2DE
Type: Retail, Storage, General Retail, Retail - High Street, Trade Counter, Restaurant/Cafes, Healthcare, Industrial, Other Property Types & Opportunities
22 Brindley Road | The building is of concrete floor base, steel portal frame construction with brick elevations. The front section of the building contains two floors of offices under a flat roof, with the rear section housing an industrial unit with two roller shutter entrances and an eaves height of 3.78m/ apex of 4.44m, under a pitched corrugated metal sheet roof. To the rear of the industrial unit is a small workshop leased by the Premier Group, but in the ownership of a separate party and not included in the sale. External to the building is a surfaced parking area to the front, capable of housing around 10 vehicles. Between unit 22 and 24 is gated access to a communally shared yard, giving access to the rear industrial areas of both buildings.
24 Brindley Road | The building is of concrete floor base, steel portal frame construction with brick elevation. The front section of the building contains two floors of offices under a flat roof with the office space having been completely refurbished to a high specification, including full double glazing and air conditioning. The rear section of the building again houses the industrial space with a single roller shutter door access and eaves height of 5.40m/ apex of 7.70m, with of a side section/ lean-to at single storey height. Externally to the front of the building is a surfaced parking area for about 10 vehicles. As previously mentioned there is a securely gated yard between units 22 and 24, which measures 0.15 acres (0.06 Hect).
Prime retail unit let to J G Foods Ltd T/As Grape Tree Feel Good Foods • Fully let at £18,000 per annum on a 10 year lease with a 5 year tenant only break clause. • Strong tenant covenant. • Nearby & adjacent occupiers include Boots, WHSmith, Dorothy Perkins & the famous Dickinson Morris Ye Olde Pork Pie Shoppe.
Location: The property is located within the town’s prime pitch in a fully pedestrianised area.
Immediately adjacent occupiers include Costa Coffee, Wilko, Boots the Chemist, Dorothy Perkins and Edinburgh Woollen Mill.
Description: The unit comprises a ground floor retail unit with upper floor storage.
Accommodation: Ground Floor Sales: 939 sq ft (87.24 sq m) First Floor Stores: 539 sq ft (50.07 sq m)
Lease: The property is let on a full repairing and insuring lease at £18,000 per annum with a commencement date of 5 November 2018. The lease is for a term of 10 years incorporating a 5 year tenant only break clause. The lease also includes for an upward only review at the end of the 5th year of the term. The tenant is to be granted six months rent free, which the vendor will “top up” upon completion.
The Tenant: The property is let in its entirety to J G Foods Ltd (Company No. 08178714), and who trade as Grape Tree Feel Good Foods.
Grape Tree trade from 110 stores across the UK and have a low risk credit rating score of 89 (Source: Experian).
In the latest accounts filed on 31 December 2017, turnover was £23,468,000 with a pre-tax profit of £949,903.
Price: The property is offered for sale at a purchase price of:-
which reflects a net initial yield of 5.81% after purchaser’s costs of 3.3%.
The subject premises comprise a business unit of steel portal frame construction with part brick and block construction with profile metal sheet cladding to a pitched roof. The unit benefits from ground floor warehousing and first floor offices. The unit benefits from dedicated loading via a concertina door and allocated car parking spaces. The property is situated on the Chiltern Business Village which is located off the Arundel Road in the centre of the Uxbridge Industrial Estate. Uxbridge is very well connected, with the M40 Junction 1 being 1.5 miles away which connects directly on to the A40 Western Avenue leading directly in Central London. The M25 is 2.5 miles in distance, with the M4, 5 miles to the south. Uxbridge has excellent facilities. The town centre is only 0.5 miles from the units together with Uxbridge Underground Station (Metropolitan and Piccadilly Line), also within ½ mile.
WAREHOUSE UNIT WITH OFFICES - FOR SALE
Type: Distribution Warehouse, Industrial Park, Retail Park, Light Industrial, General Industrial, Industrial, Retail
Unit 19, Chiltern Business Village, Arundel Road, Uxbridge, UB8 2SNGBHillingdon, UxbridgeMiddlesexUB8 2SNArundel Road
A mixed use investment producing a rental income of £15,200 per annum. The property comprises a mid-terrace, two storey building with a ground floor retail unit and residential accommodation to the first floor. The ground floor is occupied by Subway and has recently had a new fit out to include modern fixtures and fittings, new glazing and more efficient heating system. The property is well presented internally and externally.The residential flat has separate access and comprises one bedroom, bathroom, kitchen and living room.
6 & 8 Dean Road, South Shields, NE33 3PT
Type: Retail - High Street, Retail
6 & 8 Dean Road, South Shields, NE33 3PTGBSouth Tyneside, South ShieldsDurhamNE33 3PT8, Dean Road