Welcome to our news and blog page which will feature our latest updates, deals done and industry comment. This will also be our property listings page featuring information on new properties that we’re marketing and highlighting requirements for retained clients who are looking for further branches and outlets.
If you are interested in any properties, please check with us on the current status and availability, particularly if you are intending to make travel arrangements to view a property.
TWO SW19 FREEHOLDS FOR SALE
We have two freeholds for sale in Wimbledon Park SW19. The first is a pub investment, recently refurbished and let to an independent local operator at a rent of £90k with offers in excess of £1.25M being sought.
The second is a 10,000 sq ft industrial/warehouse property with VP in October 2019 suitable for an occupier or an investor to re-let. The property is situated in the Crossrail 2 consultation area so it’s a short to medium term hold before any major redevelopment potential could be realised. Offers around £2M are being sought.
July update: please note that the pub investment has now been sold. Details of the industrial unit, which is available again following abortive negotiations, can be found here.
DEVON’S FAB EATING OUT SCENE
The restaurant scene in Devon is better than it has ever been, with a long line of new eateries opening up here there and everywhere. These include the likes of Mark Hix’s Oyster & Fish House in Lyme Regis, Saveur and The Chronicle in Exmouth, The Butcher’s Block in Axminster and the recent announcement of a new Michael Caines restaurant in the new Exmouth watersports centre due to open in 2020.
Exmouth is a great seaside town in Devon and with its population of around 45,000, it is an all year round town, not just busy during the summer holidays. Clients of ours are completing a redevelopment of a Grade II Listed Building in the town centre adjacent to the town hall and opposite Prezzo (one that’s not closing, so it must be profitable!). The location is on the edge of the main shopping area with a number of pubs and restaurants in close proximity including some of the most popular restaurants in the town centre such as Millers, Saveur, The Oddfellows, The Chronicle and Bumble & Bee at Manor Gardens.
The property will offer just under 2,800 sq ft in a highly visible corner location with restored character frontage and return glazed frontage. With such extensive window frontage, unsurprisingly there’s loads of natural light that floods in to the ground floor. Great for people watching too! The premises have A1 or A3 use so there’s many different retail and restaurant uses that are suitable here. And it’s a bit of a bargain – 2700 sq ft for a rent of only £42,500 a year!
HOLLOWAY ROAD/NAGS HEAD AREA – SHORT TERM UNITS
We have three units available on Holloway Road, between the Seven Sisters Road junction and the Odeon Cinema (west side). The units range from a small former florist kiosk to a 600 sq ft unit and a 1200 sq ft unit. All available until March 2020 on rent and rates inclusive deals.
TUFNELL PARK ROAD UNDER OFFER
Following the landlord’s refurbishment of a 308 sq ft retail unit and planning consent for A1/A2 use being granted, we are now marketing this unit adjacent to the Odeon Cinema at £12,000 per annum. New lease available.
UPPER HOLLOWAY – 2 LARGE RETAIL UNITS
We have two adjacent retail units of different sizes forming part of the former British Bathroom Centre in Upper Holloway, next door to Chris Stevens trade discount store. The landlords on both properties will consider alternative uses, subject to planning. Ideal for an occupier wanting a showroom, restaurant or leisure property that benefits from easy access to the City & North London and the visibility from the high volume of traffic on the A1 south of Archway.
539 Holloway Road is in the middle of the block with an internal width of 15′ and a depth of over 130′. The ground floor is around 2100 sq ft and the landlords are carrying out works to improve the property and link it to a first floor of over 400 sq ft which can provide an occupier with some back-up or office space. New lease outside the L&T Act at a rent of £27,500 per annum.
UNDER OFFER 541 Holloway Road is a 4,600 sq ft unit on the right hand side of the former bathroom centre with a double frontage. this is mostly on ground floor but has a spacious first floor suitable for office or back up space. The previous shopfitting has been removed, revealing plenty of character. The premises have plenty of space and ceiling height and are A new lease is available and offers in the region of £59,500 per annum are sought. UNDER OFFER
LEISURE UNIT – LOWER GROUND WITH GROUND FLOOR BAR UNDER OFFER
This former bar/restaurant unit is suitable for a number of different uses including fitness, restaurant/banqueting, D1 (subject to planning). It’s located on Clarence Street in Staines town centre, close to Staines Bridge, Bridge Street car park, in the Thames Edge mixed use development.
The ground floor provides a street level entrance and 1270 sq ft with fully glazed return frontage and a secondary entrance at the rear. The lower ground floor comprises a former bar of 4670 sq ft in total. The current configuration provides a total licensed area of 3378 sq ft. A new lease is available.
CENTRAL LONDON TOURIST, EVENING AND OFFICE LOCATION
PRICE REDUCED FOR QUICK SALE
We have been instructed to sell the lease on a high quality fitted cafe and patisserie between Holborn and Russell Square. The premises are located in a high footfall location in Southampton Row – with many hotels, tourist attractions (such as the British Museum) and offices in the area. Plus of course it’s in the heart of the University area where UCL, SOAS, Birkbeck have campuses – in addition to the nearby Great Ormond Street teaching hospital.
Recently fitted out on ground floor and basement (customer seating on both floors) the property offers a ready to trade opportunity for an A1 food unit in Central London. In addition, planning consent for A3 use has been granted so the business can be developed further to integrate more of a restaurant use if required.
The current rent is £63,000 per annum and there’s a lease until 2021, which is fully renewable as it’s inside the Landlord & Tenant Act. Serious offers are being invited for this ready to go opportunity.
200 SEATER RIVERSIDE RESTAURANT UNIT UNDER OFFER
Intrinsic have been instructed to the former Jimmy’s World Kitchen restaurant unit in Staines (or as it’s known now, Staines-upon-Thames!). This is an opportunity for a restaurant operator looking for a large, destination, riverside property able to capitalise on the large catchment population in the Staines and surrounding area.
The unit is around 5,000 sq ft on ground floor, with riverside terrace seating area and a large basement. One of the previous occupiers had 210 covers plus a further 28 outside and 25 at the bar. The restaurant unit is situated in the Thames Edge riverside development of 65 luxury apartments and restaurants on the ground floor, adjacent to Staines Bridge so benefits from the passing traffic coming into Staines from the M25, Egham, Virginia Water and Chertsey. With Staines being one of the key office locations in the western corridor, it’s also accessible from The Causeway where many office HQs are located, where Regus, Ricoh, Audley Court, Mallinckrodt Pharmaceuticals, UKAS, Gartner and many others have HQs. During the summer months particularly there’s a regular stream of potential customers from these offices across the bridge coming into the town centre.
We’re offering a new lease on the property, without premium and a premises licence is available for transfer.
HOXTON RETAIL UNIT UNDER OFFER
At the southern end of Hoxton Street, adjacent to Shoreditch Library and the New City College campus, we have been instructed to let a retail unit on ground floor and basement. The premises have been refurbished with a new shop front, electric shutters and freshly plastered internally. A new lease is available and details can be found here.
BARNES CAFE/DELI LEASEHOLD FOR SALE – REDUCED PRICE
Sips and Bites is a very stylish, popular neighbourhood cafe and deli mid way between Hammersmith Bridge and Barnes Village. It’s in a highly visible main road location, has been established over the past few years with a consistent and good level of sales with a mix of high quality grab and go, eat in (24 covers), event nights (such as jazz evenings) and retail products (wines, olive oil, anti pasti etc). This offers the opportunity for an experienced or ambitious operator to further develop trade and profitability. The price has been substantially reduced seeking offers in the region of £67,500 as the owners would like to sell quickly in order to pursue other business interests.
RESTAURANT/CAFE-BAR OPPORTUNITY NOW LET
Can you imagine your new restaurant, microbrewery or bar in this spectacular space?
It’s in one of the south east’s most historic high streets surrounded by centuries of history (and the tourism to match). A rare opportunity to acquire space that’s open plan and contemporary, one of the few non-listed buildings in this fabulous high street.
This building, in Rochester High Street, is less than 125m from both Rochester Castle and Rochester Cathedral. There’s 2,700 sq ft of ground floor area and as you can see from the photographs you can create a great atmosphere by utilising the high ceiling heights to design a venue that really stands out. Or you can use the extra height to install a mezzanine or gallery area for extra seating.
If you think you’ve got the vision to create something special in this space call either of the joint agents for a chat and to arrange to have a look inside.
COOL, FUNKY AND INDEPENDENT
We are currently marketing a really unique opportunity in Exmouth Market – the first time on the market in almost 20 years. Coffee, bagels, music (and cocktails) is the theme of a small, well established and iconic fixture of the Exmouth Market scene with A1 food use and a Premises Licence so the venue can change from a coffee and bagel bar during the day to a cool hangout for drinks and food in the evening. 10 covers inside, seating at the front and a 20 seat courtyard at the back. Affordable rent and 2 years left on the lease – inside the L&T Act so it’s renewable. Details are available here.