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This week’s email comprise a development opportunity in London SE11 and two new investment sales currently being marketed. - see below for further information
If you would like to use Open Market Listings to market your property sales to 28,000 potential buyers call Richard Goff tel: 0203 214 0175 or email rgoff@costar.co.uk
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LONDON SE11 – 16 Vauxhall Street
*Planning consent for 9 flats and an A4 Unit*
Vacant 3 storey building with a basement, pub at ground floor
and residential accommodation above. The building has
planning permission for the conversion of the upper floors and
the erection of a 3 storey rear extension to provide 9 self
contained flats with the retention of the existing public house
at ground floor and basement level
Price: Offers are invited on an unconditional basis
Agent: Edward Symmons |
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CHERTSEY – Heriot House, Heriot Road
*Freehold Office Investment – available in UK SPV*
Modern detached office building arranged over 2 floors
Let to General Mills Berwick Limited on assignment from
Grand Metropolitan Estates Ltd until August ‘10
Price: £2,450,000 Net Initial Yield: 8.2%
Agent: Suttons Commercial |
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WEST THURROCK – Unit E7, E8 & E9, J31 Business Centre
*Excellent covenant, tenant is part of the Kingfisher Group*
Business centre comprising 11 units with B1(c), B2 & B8
consent arranged in 3 separate blocks.
Let to Screwfix Direct Limited on a 10 year lease from Feb. ‘08
Price: £941,000 Net Initial Yield: 6.75%
Agent: Altus Edwin Hill |
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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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EDINBURGH – Mixed Residential/Commercial Portfolio
*High quality portfolio well located throughout the City*
Portfolio of 13 residential flats and one commercial unit, all the
flats have been recently refurbished to a high standard.
All flats have tenancies guaranteed for at least 12 months
from date of purchase – all rented to professionals/students.
The commercial unit is let until Sept. ‘10
Price: Offers
Agent: Shepherd Commercial |
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WEMBLEY – 1 Beresford Avenue
*Potential mixed use development opportunity*
Warehouse/office building arranged over 3 floors. For the
building there is a proposed development scheme consisting
of B2/B8, B1/B2 affordable workshop units and a 100
residential units.
Let to a film production company for a term of 5 years outside
the Landlord & Tenant Act 1954.
Price: £4,500,000
Agent: Monopoly Estates |
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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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ORMSKIRK – 80 Derby Street
*Freehold student accommodation in popular university town*
3 adjoining properties set around a courtyard providing 18
double bedrooms in total – property was refurbished in 2007
and offers further development potential
Currently let individually on AST’s to September ’08 – all
rooms are reserved for the next academic year at £62,340 pa
Price: £900,000 Net Initial Yield: 6.17% Rev. Yield: 6.55%
Agent: Spring 4 Joint Agent: J Fitton & Co |
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