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This week’s 11 new sales comprise 8 commercial investments & 3 development properties/sites.
The prices has been reduced for AMESBURY – Unit 1, Stockport Road – see below for further information
If you would like to use Open Market Listings to market your property sales to 27,000 potential buyers call Richard Goff tel: 0203 214 0175 or email rgoff@costar.co.uk
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HERSHAM – 303 Molesey Road, Walton on Thames
*Prominent road site-suitable for existing or alternative uses*
Public house providing accommodation on basement, ground
and 1st floor levels. To the rear of the property is a large beer
garden with children’s play area and car park capable of
accommodation approx. 20 vehicles. The building is suitable
for existing or alternative uses (subject to obtaining the
necessary consents).
Price: Offers
Agent: Colliers CRE |
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LEICESTER – St. Katharine Building & 17 Guildhall Lane
*Town centre location-potential for offices or residential (stpp)*
Two adjacent buildings currently comprise school teaching
accommodation, library and catering/dining facilities. The
buildings are occupied as one property with a return frontage
to Coronation Place. Informal enquiries state that the property
could support alternative uses such as residential or offices
subject to various polices being satisfied.
Price: Offers
Agent: Drivers Jonas |
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LONDON E8 – Land & property at 8 & 9 Navarino Grove
*Offering potential for residential redevelopment (stpp)*
Land and properties – including 2 terraced residential houses,
together with an area of vacant development land to the rear.
Property No. 9 to be demolished for access (subject to
planning approval), property No. 8 could be retained & resold
Price: Offers – to be received by noon Friday 1st Aug. ‘08
Agent: GL Hearn |
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BARNSTAPLE - The Old Aerodome, Chivenor
*With potential for refurbishment & redevelopment (stpc)*
A range of buildings currently in commercial use, together with
a detached residential bungalow - rental income £75,050 pa
Multi-let - see tenancy schedule for further information
Price: Offers are invited in excess of £1,000,000
Agent: Stags |
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HADLEIGH – Unit 2, Lady Lane Industrial
*High yielding sale & leaseback f/hold industrial investment*
Detached office and distribution units – 29,148 sq ft
On completion let on a 15 year lease to Infoport Distribution
Ltd, the property produces £11,000 pa from 2 telecoms leases
Price: £1,500,000 Net Initial Yield: 9.64%
Agent: Altus Edwin Hill |
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ILFORD – 104-106 Cranbrook Road
*Freehold vacant retail unit with tenanted offices above*
4 storey building, ground floor vacant, offices above tenanted
Upper two floors are let to Team 2 Telecommunications Ltd
until March ’18, ground floor and basement vacant
Price: £2,750,000
Agent: Suttons Commercials |
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ILFORD – 112 High Road
*Prominent High Street location – VP on completion*
Four storey building, ground floor retail, offices above.
Current lease to Dorothy Perkins expires August ‘08
Price: Offers Invited
Agent: Suttons Commercial |
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LONDON – 15 Berkeley Street
*Prime London Mayfair location*
Office & leisure accommodation arranged over basement,
ground and 7 upper floors
Let to 7 tenants on 8 leases - 63% of income secured to Nobu
for in excess of 11 years
Price: £15,650,000 Net Initial Yield: 5.5% Rev. Yield: 6.53%
Agent: Lewis Ellis |
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LONDON W1 – 35 Dover Street
*Highly reversionary Mayfair office/retail investment*
14,655 sq ft (1,361.48 sq m) of office & retail accommodation
arranged over lower ground, ground & 6 upper floors
Let to 8 tenants on 9 leases provide £858,012 per annum
Price: £16,265,000 Net Initial Yield: 5% Rev. Yield: 6.9%
Agent: Lewis Ellis |
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WALLASEY – 34 Liscard Way
*Well situated retail unit*
Two storey retail unit
Let to Thomas Cook Retail Ltd until Oct. ‘11
Price: £310,000 Net Initial Yield: 6.5%
Agent: Turner Southern |
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WINCHESTER – 80-81 High Street
*Prominent location - with 3 long standing tenants*
Listed building that provides a parade of 4 shop units with 7
flats above (which are sold off on a single long lease)
Multi-let – see attached tenancy schedule
Price: £1,325,000 Net Initial Yield: 7.5% with reversion
Agent: Goadsby |
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AMESBURY – Unit 1, Stockport Road
*Freehold industrial investment producing £37,600 pax*
Warehouse with office space and a forecourt
Let to Luca Flooring Group Ltd until December 2009
Price: £375,000 Net Initial Yield: 9.57%
Agent: Myddelton & Major |
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GRETNA – Gretna Football Club, Raydale Pk, Dominion Rd
*Former football ground suitable for redevelopment (stpp)*
The former football ground and car park of Gretna FC. The site
4.95 acres (2 hectares) is suitable for redevelopment subject
to the necessary consents
Price: Unconditional offers in excess of £500,000
Agent: Eddisons |
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PORTSMOUTH – Victoria Swimming Baths
*Unique opportunity to develop a city centre site*
Former swimming baths, the front of the building is arranged
over three floors with reception area, changing areas and
office space above. The main pool measuring 33 meters has
spectator stands on either side. Acceptable uses for the
building include C1, C2, C3, B1(a), D1, D2 A1 & A3 (subject
to obtaining necessary consents).
Price: Offers invited for the freehold with vacant possession,
subject to gaining planning consent
Agent: Portsmouth City Council |
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CASTLEFORD – E C I Sartek Premises, California Drive
*Prominently located within a well established industrial area*
Detached single storey warehouse unit with racking facilities &
mezzanine area offering light storage and office space.
Available with full vacant possession
Price: £895,000
Agent: Eddisons |
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COVENTRY – Bishopsgate, Aldbourne Road
*Landmark waterside residential development for sale*
Landmark four storey waterside development, an innovative
conversion of a former warehouse building to 24 high quality
luxury apartments of contemporary design.
Price: £4,500,000
Agent: Strutt & Parker |
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MORCOTT – Travelodge, A47 Glaston Road
*Ground rent for sale – 3 yearly RPI linked rent reviews*
The site, subject to the ground rent comprises a purpose built
hotel occupied by Travelodge Hotels Limited
Let to Forte (UK) Limited from Sept. ’99 for a term of 60 years.
The lease is subject to 3 yearly rent reviews linked to RPI.
Price: Offers in excess of £325,000
Agent: Strutt & Parker |
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FAREHAM – 101 West Street
*Fixed rental increases due in Feb. ’09 & Feb ‘10*
Purpose built 2 storey retail unit
Let to New Fashion (Southern) Limited until Feb. ‘23
Price: £675,000 NIY: 2008= 6.31% 2009=6.65% 2010=7%
Agent: Hughes Ellard |
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SHEFFIELD – Broughton House, 48/50 West Street
*Mixed use investment – fixed rental increase in ‘12*
Completed refurbished building offering a ground floor
commercial unit (with A1, A2 & B1(a) use) - 48 private
residential apartments above
Ground floor let to Remploy until Sept. ’17, apartments let
individually on 150 year leases from April ’06
Price: £850,000 Net Initial Yield: 6.92% with a minimum
increase in 2012 of 7.92%
Agent: Lane Walker |
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DAIRY WALK PORTFOLIO – Hartley Wintney
*Offering active management opportunities*
2 storey office building, built in the early 90’s to a high
specification, included are two flats
Multi-let - see attached tenancy schedule
Price: £2,000,000 Net Initial Yield: 6.83%
Agent: London Clancy
The details for this property have been amended to the above
to reflect that 2 of the units in the portfolio are under offer. |
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