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
Comprises a ground floor mid terraced retail unit which forms part of a larger four storey block known as White Lion House. The shop is arranged as an open plan sales area partitioned to create an eye test/consultation room with small office, kitchen and two WCs to the rear. There is a small secure yard to the rear for loading but this could potentially be used for off street parking
Situated within Hatfield which has a population of around 40,000 and is located 20 miles north of London, 13 miles north east of Watford and within 5 miles of St Albans and Welwyn Garden City. Hatfield has excellent road communication links being adjacent to the A1(M) and approximately 6 miles north of the M25 (Junction 23). Hatfield Mainline Railway Station is within ¼ mile and provides a direct link to London with a fastest journey time of approximately 25 minutes.
The ground floor shop is let to Boots Opticians Professional Services Ltd (Reg No.06779221) for 5 years from 21st November 2017 expiring on 20th November 2022 on FR&I terms. The lease is within the security of tenure provisions of the Landlord & Tenant Act 1954
The passing rent is £16,000 p.a. exclusive. A copy of the lease is available upon request.
70 Town Centre, Hatfield AL10 0JW
70 Town Centre, AL10 0JWGBHatfieldHertfordshireAL10 0JW70, Town Centre
Established restaurant unit arranged over ground floor only. Excellent frontage to free-to-use car park. Rear loading. Fitted out in connection with existing use as a Chinese restaurant with a large open plan seating area with capacity for approximately 80 covers, large kitchen tot he rear, WC's and storage facilities. There are loading facilities to the rear. Located in a good residential area, as well as being within short walking distance of Peterborough Business Park at Lynch Wood. PLEASE NOTE - Kitchen equipment and other chattels are not included in the sale but may be available by way of separate negotiation. NO VAT PAYABLE ( Agency Pilot Software Ref: 16382 )
8 Market Street comprises a Grade II Listed, two-storey building that has a total of 1140 sq ft. The property is situated within Wymondham town centre on Market Street, which connects with Market Place and is the town's retail core. Being located on the A11 corridor, Wymondham town centre has the benefit of good road links to the city of Norwich and to the south. ( Agency Pilot Software Ref: 165187 )
Set close to the heart of Burnham Market, Foundry Place is part of Foundry Field, a new development of 33 high quality attractive new homes and is accessed via North Street. Comprising two new commercial premises, the buildings are designed to be flexible and can be let to single occupiers or sub-divided.
The two buildings have been let to three occupiers - Socius Dining Ltd, Norfolk Hideaways, and The German Connection Company. Average income £81,000 pax. There are 9 parking spaces specifically allocated to the tenants included within the demise.
Burnham Market - 5-11 Foundry Place
Type: General Retail, Retail - High Street, Restaurant/Cafes, Restaurant/Cafes, Retail
A prominent mixed commercial / residential investment property situated in Great Yarmouth town centre. Ground floor corner takeaway shop with three bedroom living accommodation.
- Mixed use investment property - Income of £11,000 per annum exclusive - Prominent corner position - Takeaway with 3 bedroom accommodation - Close to the town centre and sea front
Commercial / Retail Takeaway – Ground Floor Retail Zone A 33.5 m2 / 361 ft2 Retail Zone B 8.1 m2 / 87 ft2 Production Area 17.8 m2 / 192 ft2 Internal Storage 10.3 m2 / 111 ft2 Cold Store 5.3 m2 / 57 ft2 Total Commercial Floor Area 75m2 / 807 ft2
Residential – First & Second Floor 3 bedrooms, lounge, kitchen & bathroom.
Business Rates 2017 Rateable Value £2,850 for the ground floor Takeaway & premises. The amount payable in the £ for 2018/19 is 48p in the £. The tenant is responsible for the payment of these outgoings.
Council Tax The residential accommodation is assessed as Band 'A'.
Services We believe that mains electricity, gas, water supplies and drainage are connected to the property.
Legal Costs Both parties will be responsible for their own legal costs in the transaction.
VAT VAT will not be applicable to the purchase price.
Tenure Freehold subject to the existing lease. The property is let on tenants full repairing terms at a rent of £11,000 per annum exclusive of outgoings.
A prominent mixed commercial / residential investment property - FOR SALE
The property was built in the 17 hundreds and comprises of three separate retail units across three floors with a pitched roof. There are currently three units available that are demised separately with self-contained entrances. There are inter-joining doors and non-structural walls that can be removed thus creating one larger unit. (Please see accommodation section). ( Agency Pilot Software Ref: 4278 )
44/45/45a St Botolphs Street, COLCHESTER, CO2 7EA
Type: General Retail, Retail
44/45/45a St Botolphs Street, COLCHESTER, CO2 7EAGBColchester, ColchesterEssexCO2 7EA26, St Botolphs Street
The building forms part of a terrace of historic buildings. The property comprises ground floor retail with first and second floor office space with WC facilities. The property further benefits from a basement.
A prominent, attractive Grade II listed property on Dunmow High Street. Internally the property is in excellent decorative order with a mixture of modern design incorporating period features. Mainly retail area together with stores, WC and a kitchen.
The upper parts comprise one studio apartment and one self-contained one-bedroom apartment accessed separately via the rear. PLEASE CONTACT THE AGENTS FOR FURTHER DETAILS.
The total combined income is £34,900 per annum, rising to £35,900 in August 2019 and £36,900 in August 2020. Please see particulars for more details and tenancy schedule.
Externally, to the back of the property, there is a shed for storage and parking spaces for up to four vehicles.
34 High Street, Dunmow, Essex CM6 1AH
34 High Street, CM6 1AHGBDunmowEssexCM6 1AH34, High Street
A well-presented mixed commercial/residential investment property situated in Great Yarmouth town centre. Ground floor double fronted shop with separate side access to first floor salon and room and second floor flat.
19 King Street, Great Yarmouth, Norfolk NR30 2NZ
Type: Flat, Retail - High Street, Residential, Retail
19 King Street, NR30 2NZGBGreat YarmouthNorfolkNR30 2NZ19, King Street
OPEN MORNING - Friday 5th October 10am - 11.45am. ADDITIONAL OPEN MORNING - w/c 22nd October
Barton House is a Grade II listed building constructed in the early 18th Century with a number of later alterations. The property measures 330.9sqm (3,562sq ft) and benefits from additional basement area of 196.5 sq m (2,116 sq ft).
Originally constructed as a timber framed building extensive brickwork was carried out in the 19th century. The lower half of the property is of red brick construction and upper half is stucco under a plain tiled roof. The lower block has a large cellar with a segmental-arched cart entrance on the end elevation. Internally the property retains a number of its original features. The accommodation is spread over 3 storeys although the first two provide the principle accommodation.
The property has been in commercial use (formerly The Old Brewhouse Spa & Hair and previously Collins Antiques) since circa 1950, although it was originally constructed as a brewery known as Hope Brewery but by the early 1900's it had been converted to residential use. Given its recent salon use the property and its surroundings have undergone significant alteration over the years. ( Agency Pilot Software Ref: 2040864 )
Barton House, 17 - 19 Brewhouse Hill, Wheathampstead, AL4 8AN
Type: General Retail, Mixed Use, Land, Retail, Other Property Types & Opportunities, Commercial Land
Barton House, 17 - 19 Brewhouse Hill, Wheathampstead, AL4 8ANGBSt Albans, St AlbansHertfordshireAL4 8AN17-19, Brewhouse Hill
Development Opportunity The property comprises an interesting block of commercial property arranged over ground, first, second and third floors. The site is currently used in its entirety as a furniture shop with ancillary accommodation. The property benefits from significant display frontage to Howard Street North and a return display frontage to Stonecutters Way. Access is provided via Stonecutters Way or Market Row.
Internally the property provides a mix of open plan and cellular retail accommodation with stairs accessing the first, second and third floors.
Agents Note: Adjacent Car Parking site for approximately 6 cars, Available by separate negotiation. This is only available to the purchaser of this property. Would also be suitable for residential building plot subject to planning permission.
Situation The property is located in central Ipswich Lloyds Avenue which connects directly to the Cornhill and the main shopping thoroughfares of Tavern Street and Westgate Street, where there are a number of national retailers represented such as Debenhams, Marks and Spencers, WHSmith, Burtons and the two shopping centres, Sailmakers and The Buttermarket.
Description The property comprises 8 ground floor retail/restaurant premises, first floor self-contained offices and 4 ground rents from flats.
Tenancies The schedule of tenancies is attached. The properties currently produce a rental income of £170,100 per annum exclusive. There is one vacant unit (40 Lloyds Avenue). In December 2018 the rental income will increase to £172,100 and in February 2020 will increase to £197,100.
Price Offers in the region of £2,300,000 are requested for the freehold interest, subject to the existing tenancies, which represents a net initial yield of 6.6%.
Reversionary Freehold Commercial For Sale in Town Centre - 22-42 Lloyds Avenue
- 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 )
Unit 11 & 11a, Lakes Industrial Estate, Braintree, CM7 3RU
Type: Office, Distribution Warehouse, Land, General Industrial, Light Industrial, Retail - Out of Town, Retail Park, Offices, Industrial, Commercial Land, Retail
Unit 11 & 11a, Lakes Industrial Estate, Braintree, CM7 3RUGBBraintree, BraintreeEssexCM7 3RULower Chapel Hill
Situation The property is situated on the banks of the River Deben within the new Whisstocks development. Deben Wharf comprises 3 commercial units, suitable for a variety of occupiers. Woodbridge Town Council will have a museum onsite and a boat shed with displays. The outside area will hold various events throughout the year. There are 634 car parking spaces close by.
Woodbridge is a very good demographic location with an increasing population in the local area. There are a lot of small to medium sized businesses in the town. The property is close to the Anchor Public House, The Table Restaurant, Riverside Theatre, Deben Swimmimg Pool, Adnams Wine Shop and the Railway Station with regular trains to Ipswich connecting to fast Inter-City services to London Liverpool Street.
Description The property comprises a purpose built retail unit under newly constructed flats above as part of a group of 3 commercial units. The property has a concrete floor and block walls, and is finished as a double glazed shell unit, ready for the tenant to fit out.
Service Charge There is a service charge levied on the property which is currently £1,808.01, which is payable by the tenant.
Terms The property is available to let on new full repairing and insuring lease terms, for a term of years to be agreed, at a commencing rental of £42,700 per annum exclusive, or alternatively for sale on a virtual freehold basis by way of a 999 year lease at a price of £620,000 plus VAT.
To Let/For Sale L/H - Restaurant/Retail/Offices - Unit 3 Deben Wharf, Whisstocks, Woodbridge
Type: Retail, Office, Offices
Unit 3, Deben Wharf, Tide Mill Way, IP12 1FPGBWoodbridgeSuffolkIP12 1FPTide Mill Way
Situated in a fantastic location in the heart of a popular North Norfolk Coastal Village.
This is a rare opportunity to acquire a commercial property with six bedroom accommodation above.
Currently run as a successful caf� seating 35 covers and offering hot and cold food the commercial property has its own industrial kitchen, pantry and store and unisex toilets.
The accommodation above has its own entrance door with a staircase leading to the first floor which offers large, light and airy rooms with sea views from the sash style bay windows and wooden flooring, two reception rooms, a study / bedroom 6, kitchen with shaker style units, family bathroom and master bedroom with fitted wardrobes whilst on the second floor there are a further four bedrooms and a shower room. An ideal opportunity for anyone who is looking for a business venture near the seaside! ( Agency Pilot Software Ref: 334763 )
2-4 Cromer Road, Norwich, NR11 8BE
Type: General Retail, Other, Retail, Other Property Types & Opportunities
• For sale freehold • Residential development opportunity • Outline planning consent for 17 houses adjoining a new retirement development • Close proximity to schools and Haverhill recreation ground • www.haverhillcampsroad.com
Camps Road, Haverhill CB9 8HF - Residential Development Opportunity
The property comprises a large two storey retail unit, constructed in the mid 1980's of brick with tile roofing and a glazed retail frontage along Moores Walk.
The ground floor is predominantly open plan with ancillary staff facilities, rear storage and loading bay. The first floor currently provides a large open plan area and most recently has been used for storage and staff facilities.
( Agency Pilot Software Ref: 413322 )
Former Budgen Store, Tebbutts Road, St Neots, PE19 1AW
Type: Retail - High Street, Other, Retail, Other Property Types & Opportunities
Former Budgen Store, Tebbutts Road, St Neots, PE19 1AWGBHuntingdonshire, St NeotsHuntingdonshirePE19 1AWTebbutts Road
Wickford, with a population of approximately 34,000 people is a prosperous Essex town located approximately 30 miles east of London and 3 miles east of Basildon. The town is served by the A127 London / Southend arterial road which also links with the M25.
The property is located in the centre of the High Street on the western side. Occupiers within close proximity include National Westminster Bank, Prezzo, Wimpy, Clarks, Specsavers, Costa and Greggs to name but a few
The unit benefits an 11.8 mt frontage, large retail area plus a solid concrete first floor storage area accessed by both stairs and a goods lift. At the rear of the property there is a large service yard and parking for up to 10 cars, this is accessed from Market Road.
Internal Frontage 38 ft (11.5 m) Built Depth 125 ft (38 m)
Ground Floor Total Floor Area 4,693 sq ft (436 sq m)
First Floor Total Floor Area 4,811 sq.ft (447 sq.m)
Staff w/c’s Goods lift with loading door onto rear service yard
The property is let in its entirety to WH Smith Retail Holdings Limited for a term of 5 years from the 30th April 2018 by way of a full repairing and insuring lease. The current passing rent is £60,000 per annum exclusive.
Let to WH Smith Retail Holdings Limited are a wholly owned subsidiary of WH Smith PLC
WH Smith Limited have reported the following figures:- 31/12/2007 31/12/2006 31/12/2005 Turnover £181,024,000 Profit for the year ending 31/08/2017 £ 71,161,000
Shop 45-47 High Street, Wickford SS12 9AE
Type: Retail - High Street, Retail
Shop, 45-47 High Street, Wickford, SS12 9AEGBBasildon, WickfordEssexSS12 9AE45-47, High Street