934/934A Ecclesall Road, Sheffield, S11 8TR

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The property comprises two self-contained units over ground, first, attic and basement floors in this multi-tenanted investment property.

There is a long established shoe shop to the ground floor and one, 2 bedroom self-contained flat to the upper floors.

Internally the property is arranged to provide a retail unit with stores behind and to the basement plus outside WC. The self-contained flat is accessed via an external metal staircase at the rear and provides a kitchen, a bathroom and a living room to the first floor plus 2 bedrooms to the attic.

Little End Road, Eaton Socon, St. Neots, Cambridgeshire, PE19 8JH

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The property, which sits at the start of the town’s primary industrial estate Little End Road, comprises a large end terrace industrial warehouse unit of steel portal frame construction with internal blockwork to the perimeter walls and facilities. The property has previously been owner occupied with a couple of smaller units created by way of sub-division within the overall frame.

Each unit is self-contained and separately sub-metered via the incoming supply which is situated within Unit 3.

Unit 3
Internally the property is largely open plan and provides a floor area of approximately 5,447 sq ft . There are two mezzanine structures in the main warehouse area which provide a further 3,348 sq ft of storage space at first floor level. They are fitted with a loading platform to allow goods to be forked onto the mezzanine. The property has been used for many years as a storage warehouse and as such has minimal office content. The original offices for the building have been leased separately and classified as Units 3A and 3B (ground and first floor offices). The eaves at full height are just under 5m. Under the mezzanine height is approximately 2.43m.

This section of the unit is also being marketed via Eddisons separately on a leasehold basis.

Unit 3A
Ground floor offices accessed separately to the main building by way of a pedestrian door at the southern end of the building. Accommodation provides for a series of offices with kitchenette and WC facilities.

Unit 3B
First floor offices accessed separately to the main building by way of a pedestrian door on the side elevation. From the ground floor doorway allows access to a staircase leading up to a first floor landing with a series of offices, and kitchenette. This suite has shared access over the ground floor WC facilities.

Unit 3C
A sub-divided unit from the main warehouse. Self contained and provides an open plan workshop/storage area with it’s own WC. Access is via a pedestrian door or roller shutter.

Unit 3D
An end of terrace unit within the overall frame of the larger building. Self-contained with own WC facilities and accessed via a pedestrian door or roller shutter door. It is understood the tenant has fitted a mezzanine storage area to the rear of the unit.

All of the units have allocated parking within the demised area with a handful of visitor spots also available. The building benefits from good parking levels overall.

39, 41 And 43 Redlands Lane, Fareham, Hampshire, PO14 1HL

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The property comprises three ground floor, adjoining terraced retail units, currently all let out to local independent traders:

Unit: 39
Trading as: HD Beauty
Term: 5 years, from 10th July 2022
Rent: £7,200 per annum exclusive of VAT
Break Option: Mutual annual break option. *no simple or statutory declaration seen

Unit: 41
Trading as: Kurdish Barbers
Term: 5 years, from 1st March 2023
Rent: £7,200 per annum exclusive of VAT
Break Option: –

Unit: 43
Trading as: Eclipse Tattoo Studio
Term: 5 years and a day, from 1st January 2023
Rent: £7,200 per annum exclusive of VAT
Break Option: –

Copies of the leases are available on request. In our opinion there is scope to regear the leases.

No allocated parking is provided to the shops.

13 Manor Farm Road, Southampton, Hampshire, SO18 1NN

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The property comprises a ground floor Class E premises currently trading as a café with two, two bedroom flats provided above, and to the rear of the café. To the rear of the property is a garden and large shed with potential, subject to planning and all necessary consents being obtained. The estimated rental value for the shop is £15,000 pax.

The current passing rents for the flats are:

Flat Above £800 per calander month
Rear Flat £700 per calander month

In our opinion there is scope in increase the rents on the flats.

No parking is provided to the property.

15 Greystones Road, Greystones, Sheffield, South Yorkshire, S11 7BJ

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The property comprises a ground floor hot food take-away with kitchen that also services the three bedroom flat to the upper floors.

Internally the property is arranged to provide the usual servery with preparation and and kitchen to the ground floor with living room, bathroom and two bedrooms to the first floor and a third bedroom to the attic.

Externally to the rear there is an ample yard area within which is located a detached garage.

& Saxon House, Saxon Way, Melbourn, Royston, Cambridgeshire, SG8 6DN

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Rare freehold/investment opportunity that consists of 2 neighbouring units, Saxon House and number 8 Saxon Way. Saxon House is let to TTP Group and is an R&D warehouse fitted to a high specification with an extensive mezzanine offering further storage and offices, it has an eaves height of 6.1m space for approx 20 car parking spaces. 8 Saxon Way consists of good quality office, showroom accommodation, mezzanine and benefits from 25 parking spaces. This unit will be sold with vacant possession.

12 Park Road, Peterborough, PE1 2TD

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RETAIL INVESTMENT FOR SALE – self contained lock up shop unit in edge of City Centre location. Let until 2025 and producing £13,500 pa. 2023 rent review outstanding. NO VAT Payable. Potential for future conversion of upper parts.

Sheep Market, Spalding, Lincolnshire, PE11 1BE

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Self-contained banking premises located in the heart of Spalding Town Centre. Fully let to Nottingham Building Society until November 2032 (tenant break in November 2028) and producing £16,500 pa (rent reviews due from 13/11/22 and 13/11/27). Rear access gives potential for future self-containment of upper parts.

25-27 Lumley Road, Skegness, Lincolnshire, PE25 3LL

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The property comprises a substantial High Street retail investment laid out over ground, first and second floors, with a separate area of car parking to the rear on the northern side of Prince George Street, that runs parallel to the rear of the property, part of which is demised to the tenants of the shop, the British Heart Foundation, with two further spaces demised to an adjacent landowner.

The property is constructed in a mix of cavity and solid brickwork under a mix of slate roofs and cement asbestos clad pitched roofs to the rear.

The property has a full width glazed shop front onto Lumley Road, with the accommodation behind this running northwards towards Prince George Street to the rear.

The property is predominantly laid out over ground and first floors with a small area of 2nd floor accommodation found to the front overlooking Lumley Road. The majority of the ground floor is taken up by the sales area, with a small area to the rear for storage. The first floor is used for storage and staff accommodation. The second floor, which we were unable to gain access to during our inspection, is we understand also used for storage.

With the exception of the 2 car parking spaces in the small car park to the rear, the property is let to the British Heart Foundation by way of a new lease, the details of which are set out later in these particulars.

The rent passing was re-based on lease renewal last November.

Wherrys Lane, Bourne, Lincolnshire, PE10 9HQ

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The subject property comprises a large self-contained mixed use investment property, which is laid out to provide 7 ground floor retail units, 5 of which are currently tenanted and 2 vacant and 17 flats over the two upper floors, which have been sold off on long leases, and have just under 115 years unexpired.

The modern property is constructed in cavity brickwork under pitched tiled roofs, with the 7 No. ground floor retail units having glazed shopfronts onto Wherry’s Lane.

EPCs – The commercial units have EPC ratings ranging from B to E and all of the flats have a B rating.

LOCATION
?The property enjoys a central location within the well regarded south Lincolnshire market town of Bourne, which lies about 11 miles north east of Stamford, 12 miles west of Spalding, 17 miles north of Peterborough and 25 miles south of Lincoln. The town has an estimated population of circa 17,000 and a wide rural based catchment.

The town provides a good range of local, educational, leisure and shopping facilities, with Tesco, Sainsbury’s, Aldi and Lidl, as well as an M&S Foodhall all represented within the town. Other nearby retailers to the subject property in the town centre include Boots, Specsavers, Heron, Card Factory and Costa.

The subject property sits immediately to the east of the A15 (North Street) which runs through the centre of the town, immediately adjacent to the town centre retailers mentioned above.

SERVICES
?We understand that all mains gas, water and electricity are available and connected to the properties. Each property is self-contained from a servicing point of view.
These services have not been tested and interested parties are therefore advised to make their own investigations to the relevant utility service providers.

TOWN & COUNTRY PLANNING
?We understand that the various units have consent for uses falling within Class E (Commercial, Business & Services Use) and Class C3 (Residential Dwellings) of the Town and Country Planning (Use Classes) Order 1987 (as amended 2020).
Class E now encompasses a number of uses formerly known as A1 (Retail), A2 (Professional & Financial Services), A3 (Restaurant & Bars), B1 (Business) and D2 (Clinics, Health Centre, Crèche & Day Nurseries).
RATES
?Each commercial unit has a separate Rateable Value and the flats their own Council Tax banding. Further details of Rating and Council Tax bands for each property are available on request.

ASSET MANAGEMENT
?Let the vacant units (there are currently two) to increase the rental income /yield (return).

Look at the conversion of the vacant ground floor units into residential units. The most recent sale of a two bed flat in the block was at a price of £160,000 which represents a significant uplift in value from the existing commercial unit value.

TENURE
?The property is available For Sale freehold, subject to the 5 commercial leases in place on the tenanted ground floor shop units, and the 125 year long leasehold interest sold off in respect of the 17 flats on the two upper floors. Further details in respect of the tenancy position throughout the property are available on request.

In our opinion when fully let the 7 retail units and the ground rents payable by the owners of the flats of £125 per annum (subject to review – further details on request), will generate a total income of £53,310 per annum. The current rent with the 2 vacant units is £35,310 per annum
The leases make provision for the payment of a service charge by the tenants of each unit, both commercial and residential, to cover the cost of maintenance of all common parts internally and externally throughout the development.

PRICE
?Offers are invited in excess of £400,000 (Four hundred thousand pounds) for the freehold interest in the development, subject to the various leases in place throughout the property.

A purchase at this figure based on the total projected income of £53,310 referred to above,(when the building is fully let) would provide a purchaser with a Net Initial Yield after standard purchaser’s costs of circa 12.80%.
VAT
?VAT may be charged in addition to the purchase price at the prevailing rate. However it may be possible to treat the sale as a (TOGC) for this purpose.

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