Shops for sale

Exeter
Prominent City Centre Development Site
For Sale

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

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.

• 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

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

• 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

The property comprises a single storey building constructed of brick, clad in profiled metal. The property includes main retail area, WC's, office/storeroom and kitchen area. The property has its own off-road parking to the front and side, with parking for approximately 8-10 cars.
( Agency Pilot Software Ref: 2632 )

The property comprises a 3 storey building of brick construction under a pitched tiled roof which is protected by parapet walls. The ground floor comprises a retail unit; access is only available from the front of the property.

The upper floors are self-contained with an access off Northgate Street are derelict at present.

TENANCY
The ground floor is let to Newbridge Amusements Ltd for a term of 10 years from 17th June 2016 with a tenant’s break clause on the 5th anniversary, subject to them giving 6 months prior written notice. The current rent is £20,000 per annum with a rent review due on 17th June 2021. The lease is on a FRI basis via a service charge contribution. A 6 month deposit has been paid.

The upper floors are vacant.

The property has an EPC rating of F-131. Certificate Ref No: 0860-0835-6709-7003-7006.

* Prime retail investment situated in close proximity to Gloucester Cross.
* The purchase price of £425,000 equates to a gross initial yield equating to 12.66% or a net initial yield of 12.23%, after purchaser’s costs of 3.5% have been taken into account.
* For the year end 31st August 2017, Boots Opticians Professional Services Limited reported a pre-tax profit of £26,250,000, shareholders' funds of £143,111,000 and a net worth of £72,683,000.

The property comprises a mid-terrace building of brick construction under a pitched tiled roof which is protected by a parapet wall. The accommodation is over 3 floors with the main retail area and an office on the ground floor with consulting rooms and staff facilities on the first floor. There is no access to the second floor at present.

It mainly has painted plastered walls, suspended ceilings with inset lighting and floor coverings. The retail area has a fully glazed frontage and comfort cooling.

The property has an Energy Performance rating of D-94. Certificate Ref. No. 0960-9983-0357-0390-1094.

TENANCY
The property is let to Boots Opticians Professional Services Limited (following assignment in September 2009) for a period of 10 years to expire 31st March 2019. The passing rent is £53,812 per annum exclusive. The lease included a rent review on the 5th anniversary of the term. The tenant is required to keep the property in good repair and condition and to decorate the interior in every 7 years and the exterior every 5 years. The property is to be decorated throughout during the last 6 months of the term. The tenants have confirmed that they do not intend to renew the lease when it expires.

A copy of the lease is available upon request.

An exciting opportunity to purchase or let a highly individual property situated on the High Street in the heart of Holt.
( Agency Pilot Software Ref: 423699 )

Freehold mixed-use investment opportunity situated close to the historic Market Place in the centre of Hexham and with residential accommodation. EPC Ratings: Commercial & Residential TBC.

Ground floor retail unit (43.2 sq m) – residential apartment including: kitchen/diner – bedroom no.1/living – bathroom/w.c. – bedroom no.2 - study/sitting room – shower room/w.c. pleasant aspect over the historic Abbey grounds – freehold with vacant possession – excellent investment potential and scope for further development (subject to any necessary consents)

The premises briefly comprise a stone built mid terrace retail unit located on the busy Halifax Road running through the centre of Todmorden Town.

The property is set out over 3 floors having a retail area to the ground floor and ancillary storage to the upper levels. A basement can be accessed externally from the rear elevation. The ground floor offers an open plan retail area having large shop frontage, suspended ceiling with inset lights, WC facilities and timber effect flooring throughout. Free street parking is available within the direct vicinity.

Services to include electricity, gas, water and drainage are believed to be connected to the premises. Please note these services have not been tried or tested and any interested parties are advised to satisfy themselves as to their suitability and condition.

The property is currently tenanted by Tia Greyhound who pay an annual rental of £7,200.
( Agency Pilot Software Ref: 1771 )

Multi Let Industrial Investment
The site is situated within the popular Standard Way Business Park, Northallerton approximately 15 miles south of Darlington, 30 miles north of York and 52 miles north of Leeds with convenient access across the region via A19/1AM. Self contained trade park comprising four units constructed circa 1990 of steel portal frame construction with corrugated sheet cladding to elevations.
Gross Internal Area 15,403sq.ft.
Total Site Area 1.3 acres
Fully occupied - total rents received £71,750 (reserved until March 2020)
Offers in the Region of £725,000 reflecting a net initial yield 9.45% (after assuming purchasers costs at 4.4%)

- Trade Counter and Offices with Secure Yard
- 597.28 Sq. M. (6,427 Sq. Ft.)
- Includes Adjoining Unit with Income Potential
- Established Industrial Estate
- Site Area 0.28 Acre
- Nearby Occupiers Include Screwfix & Topps Tiles
- Available on a New lease on Terms to be Agreed or Sold
- Rare Opportunity
- Internal Viewing Recommended
- Potential to Split
- Investment Opportunity
( Agency Pilot Software Ref: 14868716 )

The property is in a prominent location forming part of
a parade of grand Georgian townhouses adjacent the
principal high street of the town centre. The property is
a grade I listed building with accommodation on lower
ground, ground, first and second floors arranged around a
large cantilevered staircase together with parking spaces for
6 vehicles to the front.
The premises have most recently been used as offices
but would suit a number of uses, subject to obtaining the
necessary consents. The premises are offered with vacant
possession and are available for immediate occupation. All
interested parties to make enquiries through the sole agents.
( Agency Pilot Software Ref: 285 )

Town Centre Location
High Volume Passing Traffic
Prominent Frontage
200sq ft
Rates Exempt
£6,500p.a.x (£125p/w)
Freehold Offers Invited

Location

The subjects are situated on the North side of James Square at its junction with the A85 between Academy Road to the West and Hill St to the East. Neighbouring occupiers include R.B.S, Clydesdale Bank, Thai Esan & The Red Lion.
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.
Subjects

The subjects comprise a ground floor retail unit within a larger 2 no. storey demise of traditional construction surmounted by a pitched roof.

The subjects benefit from single glazed frontage with display window with entrance via a recessed single door leading to an open plan sales area with staff tea prep & W.c facility to the rear.

The subjects currently benefit from Class 1 retail Consent with potential suitability for variety of uses such as office*, pharmacy*, optician*, taxi office*, thrift store.

Area

The subjects have been measured on a Net Internal Area basis in accordance with RICS Code of Measuring practice to extend to:

Ground: 18.58sq ft (200sq ft)

NAV/RV

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

£2,200

Proposal

The subjects are available on a new full repairing and insuring lease for a negotiable term for £6,500p.a.x. Offers are invited for our clients freehold interest in the subjects.

V.A.T

All prices and premiums quoted are exclusive of V.A.T

E.P.C

Available on request

Recently upgraded and fully equipped sandwich shop business located Close to Dundee University in the Cultural Quarter of Dundee.

Location

The subjects are located on the south side of West Port, close to its junction with Park Place, within a busy and popular parade of similar sized retail premises, in close proximity to Dundee University. The surrounding area is densely populated with a mixed residential/commercial location and accordingly the premises benefit from high footfall of pedestrians. The subjects comprise an attractive retail premises, which has been upgraded recently.

Additional Details

Accommodation and Area

The internal accommodation comprises a spacious and bright ground floor retail front shop accessed directly from West Port. The ground floor comprises a shop area with kitchenette and WC located at the rear. A stair case at the rear of the premises leads to a mezzanine floor used for preparation and storage. 

The layout of the shop lends itself to various retail uses. We have measured the internal accommodation in accordance with the RICS code of measuring practice sixth edition and find the gross internal to be as follows:

|  Floor  |  Size (sq ft) |
|  Ground  |  295.91 |
|  Mezzanine  |  135.95 |

The premises benefits from the following amenities:

Busy Central Location Modern Frontage Flexible internal layout Class 1 Retail consent Terms

The subjects are available To Let at the initial rent of £10,000 per annum.

A premium in excess of £30,000 is sought in respect of the business, fixtures, fittings and stock.

Viewing Arrangements

Please contact the sole selling agent, Westport Property Ltd.

Out of town development land. 1.76 acres (0.71 hectares) - 3.35 acres (1.36 hectares) We are quoting the following per plot: Plot C1 GBP 250,000 exclusive Plot C2 GBP 300,000 exclusive Plot C3 GBP 200,000 exclusive Three parcels of land fronting Llantarnam Park Way and Lakeside on the established Llantarnam Business Park.



(From Caldes Software. Property Ref: N81749. Sep 20 2018 9:10PM)

• 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

• 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

Freehold Shop Investment Let to Ladbrokes Ltd on a Lease Expiring 2021.
Comprises a Betting Shop on the Ground Floor.
Current Rent Reserved £14,500 per annum
Tenure: Freehold

LOCATION Spennymoor has a population of approximately 20,000 and is located some 10 miles south of Durham and 15 miles north of Darlington. The town is served by the A68A which provides access to the A1(M) at Junction 61, some 4 miles to the east. The High Street provides the main shopping for the town and the property is located close to the Wetherspoon and directly opposite the Brewers Arms.

DESCRIPTION The property comprises a single storey commercial premises extending to 205 sq. m (2,206 sq. ft).

TENANCY The entire property is let to Ladbrokes Betting & Gaming Ltd for a term of 10 years from 23/09/2011 at a current rent of £14,500 per annum exclusive of rates. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants.

VAT is applicable to this property.

GUIDE PRICE We are instructed to seek offers of £185,000 freehold, subject to contract and a commercial lease to Ladbrokes Betting & Gaming Ltd, producing a rental income of £14,500 per annum. A purchase at £185,000 would reflect a gross initial yield of 7.84%.

LEGAL COSTS Each party to bear their own legal costs in connection with this transaction.

ENERGY PERFORMANCE CERTIFICATE - EPC available upon request.

VIEWING Strictly by prior appointment with the sole agents Nicholas Percival Chartered Surveyors on 01206 563222 or info@nicholaspercival.co.uk
FAO: Tom Noble

LOCATION & DESCRIPTION
Romsey is an attractive market town in the Test Valley hosting a number of prime retailers such as
Waitrose, Bradbeers Department Store, Boots, Martins, M & Co, Costa, Caffe Nero etc to name but a
few.
The property itself comprises a three storey Grade 2 Listed Building with a retail unit on the ground
floor and retail/ancillary accommodation on the first and second floors. The property is well fitted out for
its current use and a side passageway gives rear access to this property and number of others.
Given the tenants position the property may be of interest to investors, and owner/occupiers seeking
the representation in the Town Centre offered by this rare opportunity.
ACCOMMODATION
Ground floor retail unit with modern shopfront
Internal width 12’ 8”
Initial shop depth 21’ 2”
Plus rear area
Net Sales 261 sq ft
First Floor – 2 rooms and waiting area 206 sq ft
WC
Second Floor – 2 rooms 204 sq ft
Total Net Area 721 sq ft
TENANT
The entire property is currently let to Boots Opticians, on a lease expiring 31st March 2019 at a passing
rent of £9450 pa exclusive of rates. Further details on the tenants position are available on request.
PRICE
The freehold is for sale subject to the subsisting lease at a price of £195,000. There is no VAT
applicable
EPC: Not required for a listed building.
RATES RV £8900

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

Freehold retail investment producing £35,000 per annum, prime High Street location next to Primark, Let to Signet Jewellers Ltd trading as H Samuel, price reflects net initial yields of 7.45%

The property provides a self-contained retail unit arranged over ground, first and second floor levels, providing ground floor retail areas, with ancillary staff and storage accommodation on the upper floors.

EPC Rating: D90

LOCATION
Scunthorpe has a population of circa 76,000 and is located approximately 30 miles south west of Hull and 21 miles east of Doncaster. The town is located at the junction of the A1077 and the A159, 5 miles north of the M180, which links to the M18 at J5, 16 miles to the west of the Town Centre.

The property is situated in a prime location on the High Street, the town’s principal retailing thoroughfare.

The property sits adjacent to Primark, with other nearby occupiers including Sports Direct, Topman, Ernest Jones Jewellers, Superdrug, WH Smith, New Look, B&M Bargains and Poundland.

COVENANTS
Signet Jewellers Limited are the worlds largest retailer of diamond jewellery with over 3,600 stores globally.

In the UK the company trades under the brands H Samuel and Ernest Jones and has 510 stores.

TENANCY
The property is let to Signet Jewellers Limited trading as H Samuel on a 5 year reversionary lease expiring on the 18th November 2026 with a current passing rent of £35,000 per annum.

The lease is drawn on Full Repairing and Insuring terms.

PROPOSAL
The Freehold interest in the property is available at a price of £450,000

A purchase at this price reflects a Net Initial Yield after standard acquisition costs of 7.45%

VAT may be payable in addition to the purchase price.

However the Vendors will consider a sale of the property by way of a TOGC.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.

VIEWING
To view the premises and for any additional information please contact the joint agents.