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For SalePOA
Freehold Site with Development Potential.

Farnborough Hants. In owners opinion, a Prime Trading location next to KFC. Development Potential. Corner site within walking distance of town centre and main line station. Slightly less than one hectare.Offers invited.
For SalePOA
Exeter Vale, Exeter EX2 7EZ (opp Ikea)

• Whole site – 4.20 acres (1.70 ha) or as 2 sites
• Retail bulky goods site – 1.79 acres (0.72 ha)
• Subject to planning site – 2.41 acres (0.98 ha)
For Sale£405,000.00
RETAIL INVESMENT FOR SALE – LET TO COSTA FRANCHISEE
15 Year Fri Lease Expiring December 2029 (tenant only break 12/2024). Immediately Adjacent To
Modern Tesco Superstore – Rent £29,568 pax
FOR SALE – OFFERS IN EXCESS OF £405,000 (S.T.C.)
For SalePOA
FOR SALE

Unit 8, Plymouth Road Retail Park, Tavistock PL19 9QN

923.8 SQ M / 9,885 SQ FT

• Consent for A1 non-food retail use
• Opposite the Tesco store
For Sale£500,000.00
OR
For Rent£50,000.00 Per Annum
PRIME RETAIL UNIT WITH RESIDENTIAL POTENTIAL ABOVE

The property comprises a prime retail unit with first floor ancillary space set within Newbury's pedestrianised zone.

The ground floor comprises large sales area which includes staircase to the first floor, separate stockroom which could be part of the main sales space and to the rear store room and then beyond a loading area.

The main sales area includes vinyl flooring, suspended ceiling, air conditioning and Category 2 lighting. There is a level change to the rear sales area.

The stores area includes stairs down with window to the side, patch panel, main electrics, carpet to the floors and shelving.

The loading area to the rear includes vinyl floor covering, double doors to the rear as means of escape, strip lighting and shelving.

( Agency Pilot Software Ref: 2289 )
For SalePOA
MIXED USE RESIDENTIAL LED DEVELOPMENT OPPORTUNITY

BROWNFIELD SITE C. 8 ACRES (3.2 HECTARES)

DRAFT LOCAL PLAN ALLOCATION:

200 RESIDENTIAL UNITS | 400 STUDENT BEDS | A1/A3 RETAIL
For Sale£18,000,000.00
• Planning advice has been sought from the Local Authority for a mixed-use, residential-led development to include 455 residential units and associated commercial space

• Situated on a prominent corner at the junction of Rainham Road, Oxlow Lane and Dagenham Road

• Currently used as a distribution center and trade counter with associated warehousing and offices

• Site comprises 6.13 acres (2.48 hectares)

• Unconditional offers invited, freehold available with delayed vacant possession
For SalePOA
A Unique Roadside Redevelopment Opportunity Suitable For Variety Of Uses (STP)

2.6 acres (1.05 ha) in prominent retail, leisure and industrial location.

Offers will be invited on both a conditional and unconditional basis.

For SalePOA
OR
For RentROA
New
Prime Town Centre Location
Return Frontage
Good Condition Internally
1,900sq ft
Rates Discount Applicable
£12,000per annum
Freehold Price On Application


Location
Kirkcaldy lies on the north bank of the Firth of Forth approximately 12 miles east of the Forth Bridges. Kirkcaldy is one of Fife's principal commerce centres serving a resident population in the region of 50, 000 with a catchment area estimated to be in the region of 200,000.
The subjects are situated on the west side of the High Street towards its northern end and its junction with Oswald Wynd. Kirkcaldy's Railway Station which is part of the main Edinburgh/Aberdeen east coast line along with the Bus Station are within easy walking distance.

Description

The subjects comprise a prominent ground floor cafe set within a larger 4 storey building of traditional construction surmounted by a pitched roof. Benefitting from return frontage, the subjects offer a prominent display space onto Oswald Wynd and High Street, with access gained via a recessed glazed timber door.

Internally the subjects are in a good condition with floors overlaid in laminated timber throughout, main counter, male and female w.c facilities along with main prep area, store and office.

The subjects would lend themselves to a variety of uses such as cafe, retail, office*, or restaurant*. The subjects currently benefit from Class 1 retail consent, with planning consent required for hot food use.

Area

The subjects have been measured on a gross internal area and are calculated to offer the following floor area:

Ground: 176sqm (1,900sq ft)

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

£16,800

The subjects will require to be re-assessed following the tenant / purchaser date of entry.
.

Price
Our client is offering the subjects on a full repairing and insuring lease for a negotiable term for £12,000per annum. The freehold interest in the subjects are available, price on request.

V.A.T

Prices quoted are exclusive of V.A.T

E.P.C

Available on request

Viewing

By appointment only

Legal

Each party shall bear their own legal costs incurred in the transaction

LBTT & Registration Dues

The incoming tenant will be responsible for any LBTT & Registration dues incurred in the transaction

TO LET / MAY SELL: PROMINENT TOWN CENTRE RETAIL / CAFE / SHOWROOM WITH RETURN FRONTAGE
Type: Retail, Office, Retail - High Street, Restaurant/Cafes, Showroom, Offices, Other Property Types & Opportunities
Location: 263 High Street, Kirkcaldy, Fife, KY1 1JH
Size: 1900 Sq Ft
Images: 5
View Property
For Sale£395,000.00
New
The property comprises a mid-terraced building comprising a ground floor retail unit with 2no. self-contained two bedroom flats above which are accessed from the rear.
( Agency Pilot Software Ref: 2043704 )
142 142A And 142B, South Street, Romford, RM1 1SX
Type: General Retail, Other, Mixed Use, Retail, Other Property Types & Opportunities
Location: 142 142A And 142B, South Street, Romford, RM1 1SX
Size: 529 - 1863 Sq Ft
Images: 2
Brochures: 1
View Property
For Sale£325,000.00
New
This attractive double fronted commercial property is currently arranged to provide two bars, customer toilets and a commercial kitchen to the ground floor together with a range of letting rooms to the first and second floors with these having been used as bed and breakfast accommodation.

( Agency Pilot Software Ref: 14869024 )
The Little Crown, 12 Short Wyre Street, Colchester, CO1 1LN
Type: Office, Retail - High Street, Hotels, Leisure Property, Restaurants/Cafes, Pubs/Bars/Clubs, Residential, Residential, Retail - High Street, Offices, Retail, Licensed & Leisure
Location: The Little Crown, 12 Short Wyre Street, Colchester, CO1 1LN
Size: 2100 Sq Ft
Images: 1
Brochures: 1
View Property
For Sale£475,000.00
New
This attractive two storey Grade II listed timber framed property dates from the 15th century with later additions. This former public house has been converted and comprehensively refurbished to provide a large and characterful restaurant served by a commercial kitchen and an extensive patio area to the rear. The first floor is arranged as additional restaurant space together with ancillary offices/manager's flat.

( Agency Pilot Software Ref: 14869023 )
The Stockwell, 18 West Stockwell Street, Colchester, CO1 1HN
Type: Office, Retail - High Street, Hotels, Leisure Property, Restaurants/Cafes, Pubs/Bars/Clubs, Residential, Residential, Offices, Retail, Licensed & Leisure
Location: The Stockwell, 18 West Stockwell Street, Colchester, CO1 1HN
Size: 3294 Sq Ft
Images: 2
Brochures: 1
View Property
For Sale£485,000.00
New
Comprising an attractive and characterful Grade II Listed timber frame building of 14th Century origins with later additions together with a detached single storey Grade II Listed weather boarded barn which has planning consent for use as a tea rooms. The business was reopened in 2015 following an extensive refurbishment and is now only available due to a bereavement.

( Agency Pilot Software Ref: 14869022 )
Shoulder Of Mutton, Halstead Road, Colchester, CO6 3LL
Type: Office, Retail - High Street, Land, Hotels, Leisure Property, Restaurants/Cafes, Pubs/Bars/Clubs, Residential, Land, Residential, Offices, Retail, Commercial Land, Licensed & Leisure
Location: Shoulder Of Mutton, Halstead Road, Colchester, CO6 3LL
Size: 3291 Sq Ft
Images: 5
Brochures: 1
View Property
For SalePOA
New
The unit is a concrete frame building with brick/block walls under a pitched roof constructed in 2 bays both with access to the front and to the rear.The main workshop has a clear working height of approximately 6m whilst the lower bay provides extensive showroom and office accommodation, mezzanine floor and manufacturing space.
( Agency Pilot Software Ref: 290 )
Unit 7, Weaver Street, Leeds, LS4 2AU
Type: Retail - High Street, General Industrial, Retail, Industrial
Location: Unit 7, Weaver Street, Leeds, LS4 2AU
Size: 10142 Sq Ft
Images: 5
Brochures: 1
View Property
For SalePOA
New
Prime City Centre Location
Extensive Frontage
Ground Floor & Basement
Let on Full Repairing and Insuring Lease
Held on Personal Name
Expiry: 31st October 2033
No Breaks
Passing Rent: £80,000p.ax
Fixed Increase to £90,000p.a.x
£850,000 G.I.Y of 9.4% with Reversionary Yield increasing to 10.6%

Location

The subjects are situated on the premier north side position of High Street, Dundee at its junction with Commercial Street. 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 approximately 155,000 and an extended catchment of 235,000. Dundee is Scotland's fourth largest city and is the regional centre for employment.

Neighbouring occupiers include Royal Bank of Scotland, Slaters Menswear, Patisserie Valerie, Virgin Money & Optical Express. The subjects also benefit from being approx 100yrds form the Murraygate Shopping Centre.

Subjects

The subjects comprise an extensive ground floor and basement restaurant premises, formerly 2 No. Individual units now integrated to form 1 No. Expansive restaurant. The subjects benefit from extensive frontage with partial return onto Commerce Street and High Street offering unrivalled display space.

The subjects benefit from main customer seating area to the front benefitting from tile floor and primarily loose seating and dining space. Customers benefit from male & female w.c. along with disabled w.c. facilities available. To the rear, the subjects have been fitted with fan ovens and open grill, with canopy extraction, walk-in refrigerators and prep area.

The subjects benefit from 70ft of window display frontage and being the ONLY restaurant in Dundee in excess of 3,500sq ft.

The subjects have been extensively refurbished by the tenant to comprise staff room, private office, painting and decorating throughout with a plethora of custom equipment made for the unit.

Area

The subjects extend to the following approximate floor area:

Ground: 338.2sqm (3,640sq ft)
Basement: 70.57sqm (760sq ft)

Total: 408.77sqm (4,400sq ft)

Executive Lease Summary

The subjects are held on a full repairing and insuring lease on the following terms;

Tenant: Personal Name
Expiry: 31st October 2033
Break: None
Passing Rent: £80,000p.a.x
Rent Review: 5 yearly
Fixed Increase: On the first rent review, the rent shall increase to £90,000p.a.x, thereafter reviews shall be on an O.M.V basis
Deposit: The landlord holds a tenant deposit of £30,000

Proposal

Our client is offering their freehold interest in the subjects for £850,000 representing a Gross Initial Yield of 9.4%, taking the fixed rent increase into consideration, the Gross Reversionary Yield increases to 10.6% following the 5th Anniversary.

E.P.C

Available on request

V.A.T

Our client has opted to waive their option to tax, as such the transaction will be treated as a Transfer of a Going Concern (ToGC). Further information available on request.

Legal

Each party shall bear their own legal costs incurred during the transaction

Lease & Title

Copies available on request via the marketing agent
PRIME CITY CENTRE RESTAURANT INVESTMENT FOR SALE: 1a HIGH STREET, DUNDEE
Type: Office, Retail - High Street, Restaurant/Cafes, Offices, Retail
Location: K F C, 1A High Street, Dundee, City of Dundee, DD1 1SX
Size: 4400 Sq Ft
Images: 9
Brochures: 1
View Property
For Sale£410,000.00
New
Available
Property Type Investment
Availability For Sale
Size 5580 sqft
Energy Performance Rating N/A

McColl's Long Let Convenience Store Investment. Let to a 5A1 covenant for 16.5 years with no breaks

LOCATION
The city of Bradford forms part of the West Yorkshire urban area (population 1.5 million), which is the fourth largest urban area in the UK. It is situated about 15 miles west of Leeds and 8 miles north of Huddersfield. Bradford benefits from excellent transport links northbound with the A658 and A650 linking to Harrogate and Skipton and the A650 and M606 motorway linking to the M62. The property is situated in Wibsey a residential suburb 2.5 miles south west of Bradford city centre. The property is located on the busy Beacon Road and forms part of a local retail parade, other occupiers include a take away restaurant and a DIY centre. There is a small industrial estate located directly behind the premises.

KEY POINTS
Prominent convenience store in local retail parade
Large unused first floor
Whole property let for 16.5 years with no breaks to Martin McColl Ltd with a guarantee from McColl's Retail Group Plc
Total current rents reserved £25,754 per annum rising to £28,434 per annum on 19th November 2025
Let to a D&B 5A1 Covenant
Net Initial Yield 6.03% with a reversionary yield of 6.65% in May 2025 assuming purchaser’s costs of 4.24%.
Fixed uplifts at 2% pa compounded throughout offering guaranteed rental growth
Low passing rent of £7.17 per sq ft excluding the first floor

Additional Information
The property is a two storey end of terrace brick building. The retail shop is arranged over the ground floor with ancillary and staff accommodation to the rear and in the basement. There is a large first floor with its own separate access that is currently unused by the tenant but has previously been sublet.

The premises benefits from on street car parking to the front of the unit.

Ground (Sales) 1,469 sq ft 136 sq m
Ground/Basement
(Ancillary/Staff Accommodation) 2,121 sq ft 197 sq m
First Floor (unused) 1,990 sq ft 185 sq m
Total 5,580 sq ft 518 sq m

Tenure
Freehold.

Tenancy
The whole property is let to Martin McColl Limited for a term of 16.5 years from the 20th November 2018 on FRI terms and subject to fixed uplifts at 2% per annum compounded throughout. The passing rent is £22,500 per annum. The vendor will top up the rent to £23,178 per annum from completion until 19th May 2020 by way of a reduction in the purchase price.

Rental Uplifts
YEAR RENT REVERSIONARY YIELD
19th May 2025 £28,434 pa 6.65%
19th May 2030 £31,394 pa 7.35%

Covenant
McColl’s trade from over 1,600 stores throughout the UK with approximately three quarters of those being convenience stores and the remainder trading as newsagents. Their brands include McColl’s, Martin’s and R. S. McColl. For the year ending 26th November 2017 reported a turnover of £713.391 million, a pre-tax profit of £27.168 million and shareholder’s funds of £186.239 million.

The combined group has a turnover in excess of £1.1bn. It employs over 22,000 full and part-time staff and is visited by over 5 million customers every week. The company floated on the London Stock Exchange in 2014. Further information can be found at:

http://www.mccolls.co.uk/investor

EPC
Available on request.

VAT
The property is elected for VAT which will be chargeable on the purchase price. It is anticipated the transaction is to be treated as a transfer of going concern (TOGC).

Proposal
We are instructed to seek offers in excess of £410,000 (Four Hundred and Ten Thousand Pounds) subject to contract for the freehold interest, which reflects a Net Initial Yield of 6.03% assuming purchasers costs at 4.24%.
McColl's Convenience Store - Wibsey. McColl's Long Let Convenience Store Investment. Let to a 5A1 covenant for 16.5 years with no breaks
Type: Retail
Location: Mc Coll's Convenience Store, 64 Beacon Road, Bradford, BD6 3EU
Size: 5580 Sq Ft
Images: 3
Brochures: 1
View Property
For Sale£225,000.00
The property briefly comprises a three storey stone built retail unit set in the heart of Hebden Bridge town centre.

The ground floor comprises an open plan retail unit having tiled flooring, paint and plaster walls and decorative drop lighting. There is also a kitchen, managers office and ladies and gents WC facilities to the ground floor level.

The upper floors provide further retail accommodation and ancillary storage and benefit from timber effect flooring, paint and plaster walls, spot lighting and fitted kitchenette facilities.

Externally the premise benefits from land to the side and rear, although neighbouring properties have a right of access across the land.

The current tenant is in occupation under Full Repairing and Insuring (FRI) terms at an annual rental of £15,500 with a lease expiry of April 2025.

Services connected to the property include electric, gas, water and drainage. Please note none of these services have been tried or tested and interested parties are advised to satisfy themselves as to their condition and suitability.
( Agency Pilot Software Ref: 102690 )
6, Market Street, Hebden Bridge, HX7 6AA
Type: Office, General Retail, Other, Offices, Retail, Other Property Types & Opportunities
Location: 6, Market Street, Hebden Bridge, HX7 6AA
Size: 1330 Sq Ft
Images: 4
Brochures: 1
View Property
For Sale£265,000.00
New
The property comprises an attractive, Grade II listed brick built property providing vacant retail accommodation on the ground floor and basement, with a 2 bedroom maisonette above.
The ground floor is configured to provide a prominent sales area benefitting from 2 curved display windows projecting onto Newland Street, with kitchen & WC facilities to the rear and basement storage below.
There is a self contained maisonette above, separately accessed via the rear courtyard. The maisonette comprises, kitchen, bathroom, living room and two bedrooms. The Maisonette is currently let on an assured shorthold tenancy producing £580 pcm (£6,960 pa).

( Agency Pilot Software Ref: 14866180 )
85 Newland Street, Witham, CM8 1AA
Type: Retail - High Street, Retail - High Street, Retail
Location: 85 Newland Street, Witham, CM8 1AA
Size: 858 Sq Ft
Images: 4
Brochures: 1
View Property
For Sale£400,000.00
New
Available
Property Type Investment
Availability For Sale
Size 2293 sqft
Energy Performance Rating This property has been graded as C 63

LOCATION
The city of Stoke-on-Trent is a major employment centre located midway between Birmingham and Manchester, immediately adjacent to the M6 motorway (Junction 15). The city is well known for its industrial base in the pottery industry and was created by the amalgamation of the former Stoke-on-Trent and the towns of Burslem, Fenton, Hanley, Tunstall and Longton in 1910. The property is situated in Burslem, a town 3.5 miles north of Stoke-on-Trent city centre with a population in excess of 11,000. Burslem is located on the eastern ridge of the Fowlea Valley within the authority of Stoke-on-Trent. The premises is located on the busy B5051 road leading into Burslem town centre in a primarily residential area. The unit is situated in a secondary retail parade with other local occupiers including takeaway restaurants, tanning salon, hairdressers and a pharmacy. There is significant residential housing directly behind and opposite the premises.

KEY POINTS
Well situated convenience store in local retail parade
First and second floor flats unused
Whole property let for 16.5 years with no breaks to Martin McColl Limited with a guarantee from McColl’s Retail Group Plc
Total current rents reserved £25,239 per annum rising to £27,866 per annum on 19th May 2025
Fixed uplifts at 2% pa compounded throughout offering guaranteed rental growth

Additional Information
The property is a three storey mid terraced brick building under a pitch slate roof. The retail shop is arranged over the ground floor with ancillary and staff accommodation to the rear. There are large first and second floor flats that are currently unused by the tenant. There is ample car parking available opposite the unit.

Ground - Sales 1,445 sq ft 134 sq m
Ground - Ancillary/Staff Accommodation 848 sq ft 79 sq m
First & Second - Unused Flats - -
Total 2,293 sq ft 213 sq m

Tenure
Freehold.

Tenancy
The whole property is let to Martin McColl Limited for a term of 16.5 years from the 20th November 2018 on FRI terms and subject to fixed uplifts at 2% per annum compounded throughout. The passing rent is £24,500 per annum. The vendor will top up the rent to £25,239 per annum from completion until 19th May 2020 by way of a reduction in the purchase price.

Rental Uplifts
YEAR RENT REVERSIONARY YIELD
19th May 2025 £27,866 pa 6.69%
19th May 2030 £30,766 pa 7.38%

Covenant
McColl’s trade from over 1,600 stores throughout the UK with approximately three quarters of those being convenience stores and the remainder trading as newsagents. Their brands include McColl’s, Martin’s and R. S. McColl. For the year ending 26th November 2017 reported a turnover of £713.391 million, a pre-tax profit of £27.168 million and shareholder’s funds of £186.239 million.

The combined group has a turnover in excess of £1.1bn. It employs over 22,000 full and part-time staff and is visited by over 5 million customers every week. The company floated on the London Stock Exchange in 2014. Further information can be found at:

http://www.mccolls.co.uk/investor

EPC
The property has an EPC rating of C63. A copy of the EPC is available on our website.

VAT
The property is elected for VAT which will be chargeable on the purchase price. It is anticipated the transaction is to be treated as a transfer of going concern (TOGC).

Proposal
We are instructed to seek offers in excess of £400,000 (Four Hundred Thousand Pounds) subject to contract for the freehold interest, which reflects a Net Initial Yield of 6.06% assuming purchaser's costs at 4.18%.
Well Secured Convenience Store Investment. Let to a 5A1 Covenant for 16.5 years with no breaks.
Type: Retail
Location: Mc Coll's Convenience Store, 171/173 Newcastle Street, Stoke-On-Trent, ST6 3QJ
Size: 2293 Sq Ft
Images: 5
Brochures: 1
View Property
For SalePOA
New
The premises comprises a prominently located, detached building, arranged over ground, first and second floors

- Former RBS Bank premises For Sale in Watford
- Totalling 3,699 sq ft (343.6 sq m) * Second Floor not measured
- The second floor has been sublet at a passing rent of £20,000 pax with a lease expiry of 24/12/2024
- Offers invited for the freehold interest
Former Bank Premises For Sale in Watford
Type: General Retail, Retail - High Street, Retail
Location: 19-21, Clarendon Road, Watford, WD17 1HD
Size: 3699 Sq Ft
Images: 1
Brochures: 1
View Property
For Sale£570,000.00
New
Available
Property Type Investment
Availability For Sale
Size 4081 sqft
Energy Performance Rating This property has been graded as C 64

McColl's Substantial Well Located Convenience Store

LOCATION
The town of Dukinfield is located within the Metropolitan Borough of Tameside in Greater Manchester, 6 miles east of Manchester city centre on the south bank of the River Tame. The town is located immediately to the south of Ashton-under-Lyme on the A627, 1.5 miles east of the M60 (Junction 23). The property is situated just off the main through road A627 on Astley Street where there are a number of other local occupiers.

KEY POINTS
Single storey detached convenience store located in a residential suburb of Manchester
Let for 16.5 years with no breaks to the excellent covenant Martin McColl Limited
Fixed uplifts at 2% pa throughout
Total current rents reserved £36,055 per annum, rising to £43,951 per annum in November 2029
Net initial yield of 6.03% with a reversionary yield in April 2024 to 6.65%

Additional Information
The property is a large single storey detached brick building under a flat roof. The retail shop is arranged over the ground floor with large ancillary and staff accommodation to the rear. There is a large rear access for deliveries and on street parking available in front of the unit.

Ground (Sales) 2,841 sq ft 264 sq m
Ground (Ancillary) 1,240 sq ft 115 sq m
Total NIA 4,081 sq ft 379 sq m

Tenure
Freehold

Tenancy
The property is let to Martin McColl Limited for a term of 16.5 years from the 18th May 2018 on FRI terms and subject to fixed uplifts at 2% per annum compounded throughout. The passing rent is £35,000 per annum. The vendor will top up the rent to £36,055 per annum from completion until 18th November 2019 by way of a reduction in the purchase price.

Rent
Year Rent Reversionary Yield
18th November 2024 £39,808 pa 6.65%
18th November 2029 £43,951 pa 7.35%

Covenant
McColl’s trade from over 1,600 stores throughout the UK with approximately three quarters of those being convenience stores and the remainder trading as newsagents. Their brands include McColl’s, Martin’s and R. S. McColl. For the year ending 26th November 2017 reported a turnover of £713.391 million, a pre-tax profit of £27.168 million and shareholder’s funds of £186.239 million.

The combined group has a turnover in excess of £1.1bn. It employs over 22,000 full and part-time staff and is visited by over 5 million customers every week. The company floated on the London Stock Exchange in 2014. Further information can be found at:

http://www/mccolls.co.uk/investor

EPC
The property has an EPC rating of C64. A copy of the EPC is available on our website.

VAT
The property is elected for VAT which will be chargeable on the purchase price. It is anticipated the transaction is to be treated as a transfer of going concern (TOGC).

Proposal
We are instructed to seek offers in excess of £570,000 (Five Hundred and Seventy Thousand Pounds) subject to contract for the freehold interest, which reflects a net initial yield of 6.03% assuming purchaser's costs at 4.96%.
McColl's Substantial Well Located Convenience Store
Type: Retail
Location: Mc Coll's Convenience Store, 104 Astley Street, Dukinfield, SK16 4JU
Size: 4081 Sq Ft
Images: 3
Brochures: 1
View Property
For SalePOA
FREEHOLD MIXED-USE INVESTMENT FOR SALE Comprising a let restaurant and 4-bedroom self-contained maisonette. LET ON A SINGLE FULL REPAIRING LEASE WITH 15 YEARS REMAINING. A single fronted �A3" restaurant premises with specious living accommodation above. The property offers a traditional restaurant layout with an open plan dining area and bar to front followed by a kitchen and preparation area to the rear. The living accommodation over first and second floors offers a spacious four-bedroom, self-contained maisonette, which is accessed at the rear. Littlehampton is a bustling seaside resort located on the Sussex coast, between Worthing and Chichester, which lie approximately 7 miles and 14 miles to the east and west respectively. The town has an urban population of approximately 25,500 and a catchment area of 55,000 and is an established commercial centre with fast direct access to the A3 and A24 via the east/west main A27. Littlehampton Station is within a short walking



(From Caldes Software. Property Ref: N11867. Jul 17 2019 12:46PM)
24/24A High Street, Littlehampton, BN17 5EE
Type: General Retail, Residential, Retail
Location: 24/24A High Street, , Littlehampton, BN17 5EE
Images: 1
Brochures: 1
View Property
For Sale£805,000.00
New
Well secured forecourt convenience store investment. 16 years unexpired lease with no breaks & fixed uplifts to 5A1 covenant

Available
Property Type Investment
Availability For Sale
Size 1296 sqft
Energy Performance Rating This property has been graded as C 57

LOCATION
Melksham is an attractive Wiltshire market town, located 11 miles east of Bath and 6 miles south of Chippenham. The town is situated on the A350, which provides access to the M4 Motorway (Junction 17) about 11 miles to the north. Atworth is large village, some 8 miles east of Bath and 3 miles south of Corsham. The property is located on the A365 Bath Road, a busy main road connecting to the A4 trunk road leading to Bath and London.

KEY POINTS
Located in an historic Wiltshire village sited on the busy A365 Bath Road
Comprises a Central convenience store and modern BP branded petrol filling station and car wash
Strong trading location with a modern fuel forecourt supporting eight pumps within a four island layout
Total current rents reserved £50,913.37 per annum rising to £57,603.80 per annum on 16th February 2025
Let for a further 16 years unexpired with no options to break
Guaranteed by the excellent covenant of Bestway Wholesale Limited a D&B 5A1 covenant
Annual fixed uplifts at 2.5% throughout giving guaranteed rental growth throughout the term
Freehold
Offers in excess of £805,000
Net Initial Yield 6%, with a reversionary yield of 6.78% in October 2020 assuming purchaser’s costs of 5.50%

Additional Information
The property comprises a brick clad single storey convenience store under a flat roof, together with a modern BP branded forecourt supporting eight pumps within a four island layout under an illuminated canopy. There is ample parking and a modern car wash facility on the site.

The sales area incorporates a post office and provides a full range of grocery products, off licence, bakery, general motorist products, confectionery, Costa Coffee module and an ATM.

Sales Area 864 sq ft 80 sq m
Ancillary/Staff 432 sq ft 40 sq m
Total 1,296 sq ft 120 sq m

Site
The site extends to approximately 0.44 acres (0.18 hectares).

Tenure
Freehold

Rental Uplifts
YEAR RENT Reversionary Yield
16th October 2025 £57,603.80 pa 6.78%
16th October 2030 £65,173.42 pa 7.67%

Tenancy
The whole property is let to Bestway Retail Limited guaranteed by Bestway Wholesale Limited for a term of 20 years from the 16th February 2015 at a current rent of £45,000 per annum. The lease provides for 2.5% per annum compound uplifts every fifth year of the term and contains full repairing and insuring covenants. The vendor will top up the rent to the fixed uplift of £50,913.37 per annum from completion until 16th February 2020 by way of a reduction in the purchase price.

Covenant
The lease to Bestway Retail Limited is guaranteed by Bestway Wholesale Limited until Bestway Retail Limited posts two consecutive years’ net profit at Companies House exceeding £10million.

Bestway Retail Limited operates approximately 182 stores and supplies a further 500 (approximately) convenience stores which are operated by other companies. Further information can be found at:

Website Address: www.bestwaywholesale.co.uk

For the year ended 30th June 2017, Bestway Wholesale Limited (Guarantor) reported a turnover of £1.651bn, a pre-tax profit of £6.354m, shareholders funds of £88.162m and a net worth of £85.255m. (Source: Experian 09.08.2018.)

Forecourt Convenience Market
Within the forecourt convenience market, demand for assets offering long leases to strong covenants remains high. The market is one of only a few sectors where the occupiers remain active and willing to agree 15 year plus occupational leases, with fixed or index linked rent reviews.

Given the lack of stock providing these characteristics available in the open market, forecourt convenience yields have hardened in the last 12 months. Yields currently stand in the high 5%’s for assets providing long income streams and these continue to be targeted by investors.

EPC
The property has an EPC rating of C57. A copy of the EPC is available on our website.

VAT
The property is elected for VAT which will be chargeable on the purchase price. It is anticipated the transaction is to be treated as a transfer of going concern (TOGC).

Proposal
We are instructed to seek offers in excess of £805,000 (Eight Hundred and Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield 6%, assuming purchaser's costs of 5.49%.
Central Convenience Store and BP Petrol Filling Station
Type: Retail
Location: Bear Garages, Bath Road, Atworth, Melksham, Wiltshire, SN12 8HN
Size: 1296 Sq Ft
Images: 8
Brochures: 1
View Property
For Sale£432,000.00
New
999 year lease for sale in affluent commuter village.
Retail property with over 10 years unexpired income.
let to Pets Corner Ltd.
Offers sought in excess of £432,000 reflecting a Net Initial Yield of 7.75%.
( Agency Pilot Software Ref: 415 )
111 High Street, Woking, GU21 4SY
Type: Retail - High Street, Other, Retail, Other Property Types & Opportunities
Location: 111 High Street, Horsell, Woking, GU21 4SY
Size: 0 - 3615 Sq Ft
Images: 3
Brochures: 1
View Property
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