• 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
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.
PRICE REDUCTION FOR AN IMMEDIATE SALE - Mixed-use development opportunity in Prime Central London WC1
• 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 Summary * Freehold retail investment Located in popular district shopping centre * Densely populated surrounding residential area * Let to first class tenant - L Rowland and Co. (Retail) Limited * Current rent - £18,750 pa. * Price - £295,000 - net initial yield 6.2%
Location The property is situated within the main retail section of Charminster Road, a popular district shopping centre approximately 1.5 miles to the north of Bournemouth town centre. The property is located on the eastern side of Charminster Road at it's junction with Shelbourne Road.
The Charminster district centre comprises a mixture of retail and restaurant outlets serving an immediate densely populated residential area with a particularly high student population.
Description The property comprises a predominantly two storey end of terrace building. The ground floor of the property provides retail accommodation currently occupied as a pharmacy with the upper parts used for ancillary storage purposes. Potential exists for the future refurbishment of the upper floors of the building to provide residential accommodation.
Accommodation Ground Floor Retail - 75.43 sq. m. (811 sq. ft.) Storage - 11.07 sq. m. (119 sq. ft.) Kitchen - 5.89 sq. m . (63 sq. ft.) First Floor Storage - 36.8 sq. m. (395 sq. ft.) TOTAL 129.1 sq. m.(1,388 sq. ft.) Additional storage accommodation is situated at second floor attic level.
Tenure - Freehold
Tenancy Details The property is let to L Rowlands & Co (Retail) Limited under the terms of a 10 year full repairing and insuring lease from the 1st March 2012, at a rent of £18,750 pa.
Tenant's Covenant L Rowland & Co (Retail) Limited is a NHS Pharmacy provider which has been trading from this property for approximately 16 years. The company is long established and has over 500 outlets in the UK. The company turnover for the year ending 31st January 2018 was approximately £494m with net assets of approximately £63m.
Proposal We are instructed to seek offers in excess of £295,000 subject to Contract and exclusive of VAT. Allowing for purchaser's costs of approximately 3.2% a purchase at this level reflects a net initial yield of 6.2%.
Energy Performance Certificate The property has an Energy Performance rating of C(74).
Business Rates We are advised by Bournemouth Borough Council that the rateable value is £17,500 pa.
WELL SECURED FREEHOLD RETAIL INVESTMENT - FOR SALE - 128 Charminster Road, Bournemouth, Dorset, BH8 8UU
Type: General Retail, Retail - High Street, Retail
Garrison Property are delighted to offer this FREEHOLD building comprising of an A1 retail beauty salon and 3-bedroom flat for sale in Chingford.
The subject property is currently let as an A1 beauty salon with a large 3 bedroom flat above with a separate rear access and 685 sq ft of parking. The shop obtains a monthly rent of £1,600 PCM and the flat generates a monthly income of £1,166.66 PCM making a total income of £2,766.66 PCM or £33,200 per annum. The property also comes with a large outside space at the rear of the property with room for parking for 4 cars.
The property is located on the busy Chingford Mount Road, numerous bus routes service the area and the busy A406 is a few minutes' drive away with good access to the M11 and M25.
Very few freeholds come up for sale in Chingford so make sure you contact Garrison Property today to arrange a viewing on this investment opportunity.
Freehold price: £700,000
Shop income: £19,200 per annum Flat income: £14,000 per annum
Total income: £33,200
Shop: 840 sq ft Flat: 790 sq ft Outside space: 685 sq ft
Total: 2,315 sq ft
FREEHOLD building comprising of an A1 retail beauty salon and 3-bedroom flat for sale in Chingford
Type: Retail, Flat, General Retail, Retail - High Street, Residential
Chingford Mount Road, London, E4 9AAGBLondonGreater LondonE4 9AAChingford Mount Road
The property comprises a modern warehouse premises with a double storey section to the front and single storey section to the rear plus a large forecourt. The warehouse is of steel portal frame construction with brick elevations beneath a pitched steel sheet roof. Internally the ground floor is utilised as warehouse accommodation for car MOT, servicing and repairs. The first floor comprises good quality office accommodation.
The site has an area of approx. 0.42 acres with space for 65 cars on the forecourt. The forecourt is currently utilised as a car sales pitch.
The premises may suit alternative uses on a subject to planning basis.
( Agency Pilot Software Ref: 698 )
466-468, Manchester Road, Bolton, BL3 2NU
Type: Retail - High Street, General Industrial, Retail, Industrial
466-468, Manchester Road, Bolton, BL3 2NUGBBolton, BoltonLancashireBL3 2NU466-468, Manchester Road
Ground & 1st Floor Class 2 Office Consent VAT Exempt 1,191sq ft £9,500p.a. £89,000
Location The subjects are located in Mauchline a small town in Ayrshire approximately 12 miles North East of Ayr and 30 miles South of Glasgow. The A77, one of Scotlands main trunk roads provides access to Mauchline with routes from Dumfries and Galloway and Kilmarnock.
Subjects The subjects comprise of a ground and first floor of a 2 storey traditional stone building under a pitched and slated roof. Th ground floor accommodation comprises the main banking hall, managers office, work area, book room, along with a number of stores. Th first floor comprises staff room, stationary office, male and female w.c.'s
Area The net internal area has been calculated in accordance with RICS Code of Measuring Practice
Prominent Town Centre Location Ground Floor & Basement Let on Full Repairing and Insuring Lease Trading as Watch Repair / Service Centre Extensive Refurbishment Passing Rent: £8,000p.a.x.increasing to £9,000p.a.x. in Year 4 £90,000 Representing a Gross Initial Yield of 8.9%
The subjects are located on the South side of Panmure Street close to its junctions with Meadowside to the West and Murraygate to the North within the centre of Dundee City. Dundee is located on the East coast of Scotland approximately mid-way between Aberdeen to the North and Edinburgh to the South with a resident population of approx 155,000 and a further catchment of 235,000.
Dundee is Scotland’s fourth largest city and is the regional centre for employment, retail & services within Tayside. Neighbouring occupiers include Conroy’s Bar, BrewDog, Boots Opticians & The Spittal of Glenshee Hotel.
The subjects comprise a single storey ground floor and basement retail unit surmounted by a pitched slate roof within a larger retail parade of traditional construction. The subjects benefit from twin display windows with a recessed doorway to the centre along with extensive space at front elevation for signage. The display frontage comprises twin timber framed glazed display windows with single timber framed glazed doorway.
Internally the subjects have been formed to offer main retail / office space to the front with single staircase leading to the basement offering ancillary storage. The subjects benefit from w.c. facilities and staff tea prep to the rear.
The subjects have been measured on a Net Internal Area basis to offer the following;
The subjects are let by way of a new Full Repairing and Insuring Lease on the following terms;
Tenant: Calibre Watch Repair Ltd Term: Expiry 26th Julu 2028 Tenant Break: 5th Anniversary Giving Not Less Than 6 months Notice Passing Rent: £8,000p.a.x increasing to £9,000p.a.x on 4th Anniversary Rent Review: Every 3rd Anniversary Deposit: £1,000 held until the 3rd anniversary of the lease.
Our client is offering their freehold interest in the subjects for £90,000.
Prices and premiums quoted are exclusive of V.A.T.
E.P.C. Available on request
Investment For Sale: Town Centre Dundee
Type: Hotel, Retail, Office, Retail - High Street, Offices
9 Panmure Street, DD1 2BGGBDundeeCity of DundeeDD1 2BG9, Panmure Street
* 100% Rates Relief * Town Centre Location * 265sq ft * £6,500p.a.x (£125per week) * Offers Invited For Freehold Location
The subjects are located on Church Street a short distance from the main retail thoroughfare. The surrounding area is predominately ground floor commercial units with residential above.
Crieff is a market town within the administrative authority of Perth & Kinross Council. The town lies between Perth and Crianlarich on the A85, with Perth being located some 17 miles east of Crieff whilst Stirling is located 23 miles to the south west. Crieff is a tourist town with attractions including Caithness Glass Visitor Centre, Crieff Hydro and the Glenturret Distillery. The town also provides a range of local services including Medical, Banking and shopping facilities.
Subjects The unit comprises of a ground floor takeaway premises, contained within a 3 storey plus attic terrace building, of stone construction with a facing stone cladding, under a pitched roof overlaid in slate. The accommodation provides a ground floor takeaway reception and waiting area and a commercial kitchen to the rear. The subjects also benefit from a staff W.C. The subjects comprise suspended timber floors with vinyl and tiled coverings, tiled walls with mounted lights and plastered and painted ceilings with ceiling mounted strip lighting. Area We have calculated the subjects on a Net Internal Area (N.I.A) basis in accordance with RICS Code of Measuring Practice: Ground: 24.62sqm (265sq ft) * NAV/RV
The subjects have been assessed by the local assessor and placed onto the valuation roll with the following rateable value:
NAV/ RV: £1,850
The subjects qualify for 100% rates exemption under the small business rates relief scheme
The subjects are available on a new full repairing and insuring lease for a negotiable term for £6,500per annum. Our client will consider offers for their freehold interest in the subjects.
All prices and premiums quoted are exclusive of V.A.T
Available on request
TO LET / FOR SALE : Town Centre Hot Food Unit In Crieff
Type: Residential, Retail, Retail - High Street, Retail - Out of Town, Restaurant/Cafes
8 Church Street, PH7 3AEGBCrieffPerth and KinrossPH7 3AE8, Church Street
Town Centre Location Main Thoroughfare Ground Floor & Basement Hot Food Consent Applied 2,286sq ft £20,000per annum
Location The subjects are situated on the East side of Bath Place which forms part of the High Street, which is the main retail destination within the town. Neighbouring occupiers include The Rumble Tum, Post Office, Balmoral Hotel, Moffat Weavers Tweed Shop, Edinburgh Woollen Mill, HBoS and Barnardos.
Moffat is a lively market town located in the Scottish Borders, 60 miles south west of Edinburgh and 58 miles south east of Glasgow. The town has excellent links to the main road network connecting wtih Edinburgh, Galashiels and Hawick. Moffat is a popular tourist location and has a resident population of approximately 2,500 people.
The subjects comprise a multiple windowed retail unit arranged over the ground and basement floors of a two story and attic stone surmounted a pitched and slated roof. The subjects benefit from on-street car parking outside the unit.
The subjects have been measured on a Net Internal Area basis to offer the following floor areas:
The property is located in Kilsyth, a small market town approximately 15 miles from Glasgow in the south west and Stirling to the north. The property is of traditional construction and occupies a prominent position at the top of the High Street.
- Prominent location at top of High Street. - Ground floor extends to 2,550 sq ft (236.9 sq m). - Offers over £105,000 are sought for our clients heritable intrest. - EPC Rating - "G" - ATM will remain in situ at the property. - Property is not elected for VAT therefore no VAT will be applicable on the purchase price.
426 Upper Elmers End Road is an end of terrace single storey retail unit providing a waiting room for the taxi company. The property has a glass frontage in front of a small open plan area and a w/c to the rear. A gate provides access to the rear.
428 Upper Elmers End Road is a two storey property with part of the ground floor comprising a taxi office. The remainder of the ground floor and upper parts are residential and have been sold on a long lease. ( Agency Pilot Software Ref: 15605 )
426-428 & 428a Upper Elmers End Road, London, BR3 3HQ
Type: Retail - High Street, Retail
426-428 & 428a Upper Elmers End Road, London, BR3 3HQGBBromley, BeckenhamKentBR3 3HQ448, Upper Elmers End Road
PART OF A 5 PROPERTY PORTFOLIO - FURTHER DETAILS AVAILABLE
The property is a two storey building with the ground floor trading as a nail bar and a first floor 3 bedroom flat.
Internally, the ground floor offers an open plan shop floor with ancillary accommodation and a W/C to the rear. The first floor flat contains a single reception room/kitchen, a bathroom and three bedrooms.
There is a yard to the rear with access via a service road. ( Agency Pilot Software Ref: 15602 )