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.
CENTRAL LONDON TOURIST, EVENING AND OFFICE LOCATION
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. We are marketing the property seeking substantial premium offers.
FITNESS CLUBS FOR SALE
Intrinsic have been instructed to sell two leasehold fitness clubs in Buckinghamshire on a confidential basis and they’d be attractive to individual operators or corporate operators alike. The first is a 2000 member club in a dominant location with its own parking and with a unique ladies only section. The business has been operating for 3 years offers a private operator a ready made opportunity to rebrand a maturing business. The second is a unique, large 24 hour business with MMA Cage and potential for 5000 members. It has only been open since summer 2017 and has already attracted 3000+ members and growing well. For further information please contact Simon Kelly on firstname.lastname@example.org
OH, I DO LIKE TO BE BESIDE THE SEASIDE!
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 just finishing 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.
ROCHESTER RESTAURANT/CAFE-BAR OPPORTUNITY
Situated in Rochester High Street this A3 opportunity has now been completed and is ready for occupation. The unit has a little bit of a ‘wow’ factor as it’s the only property in the High Street with ground floor window views up to Rochester Castle – it’s located opposite the pedestrianised link from the High Street to the Castle (and Cathedral) . So it gets a lot of the tourist footfall and with the Guildhall museum and Visitor Centre only a few doors away, these also generate footfall. Internally it’s got a 7m ceiling height in the front of the building – capable of taking a mezzanine or gallery area of up to 750 sq ft to add to potential customer area. A new lease is available and we will be quoting rent offers in the region of £65,000 per annum. If you want to see what’s happening in Rochester and why this is such a great opportunity see the our fact sheet on the town’s events and attractions.
THE WOODMAN, LONDON SW19UNDER OFFER
Intrinsic are marketing a new lease on a fantastic pub opportunity in Wimbledon Park, an opportunity for a high quality A4 operation in a locally important building. A pub/inn has been on the site for almost 120 years serving the surrounding community and the wider catchment as a well known and well recognised destination. The successful operator is likely to be able to provide a contemporary customer environment and a high quality menu as well as a varied range of drinks including local craft beers and ales from south west London’s breweries, micro breweries and craft producers.
The premises will comprise a remodelled public house on ground floor and first floor, with outside area. The floor areas are to be confirmed but on the ground floor are likely to have around 2,750 sq ft GIA with the upstairs (circa 1,800 sq ft) capable of potentially being converted to up to seven letting bedrooms or staff accommodation. Available for occupation early summer 2018, a new lease will be available with offers in the region of £85,000 pax sought. Click here to download the brochure.
HOTPOD YOGA – STRETCHING TO NEW LOCATIONS
At Hotpod they provide an intensive and balanced physical workout, restoring calm and clarity to the mind in soothing, cocoon-like pods. 37°c heat warms the muscles and aids flexibility as well as making the heart work harder. Thousands of years of yoga tradition are pared down to some critical, logical and powerful elements; creating a highly accessible, high impact yoga for all ability levels – and popping up in places you might not expect. They have a simple mission: to make the benefits of hot yoga accessible in as many ways (and places) as they can think of.
Hotpod currently have over 30 studios across 7 countries, running thousands of classes every month. In amongst the mix of franchised sites, event and promotional pop ups, Hotpod have now opened three franchisor sites in London, having acquired new premises in Hackney, Notting Hill and Brixton for permanent company studios.
Intrinsic property are now looking for further sites in London for this exceptional business – up to 3 new studios to be opened in 2018. Great spaces are an essential part of their business to create the relaxing and chilled atmosphere necessary for their classes. Hotpod can transform any space, very quickly and cost effectively into a fantastic yoga facility. We need between 1200 sq ft and 2000 sq ft and around 2.7m of height and preferably a minimum 7m clear width. Battersea, Peckham, Clapham, Balham, Richmond and Kingston are all locations that are examples of where Hotpod are targeting but there are many locations throughout London that they’d consider. But whilst the location is important, the style and simplicity of space and premises is crucial.
Ground floors, basements and even first floors will be considered and ideally the space will be warehouse style but they are open to adapting any kind of space to their ‘look’. D2 planning use (assembly and leisure) suitable for gyms or indoor sports/recreation is preferred but D1 use may be possible.
If you’ve got any suitable property then why not give us a call to see if it’s suitable for Hotpod? We will look at many locations to site the three new branches so haven’t issued a specific list However, a brief guide to the requirement can be found here.
CHICHESTER – PUB OPPORTUNITY
Early in 2018 we will be seeking a tenant for a pub property in central Chichester, opposite the Cattle Market car park, close to restaurants such as Brasserie Blanc, Carluccio’s and the new Giggling Squid. The premises have been unoccupied for a while so need refitting. There is a rear yard area and a new occupier could create a single storey conservatory extension. If this was carried out then an overall ground floor area of around 2500 sq ft could be created.
Our clients are open to discussions about a level of rent that reflects the work necessary to convert the building into a great pub or bar.
REIGATE – 80-90 COVER FINE DINING OPPORTUNITY
We are able to offer on a new lease one of Reigate’s most well known restaurant properties, which has been in a fixture on the Reigate restaurant scene for 20 years. This would suit a fine dining restaurant or other high quality cuisine. The premises are in a delightful period building, located mainly at first floor level (above Prezzo, opposite White Stuff, Carluccio’s and Phase Eight) and comprise 2074 sq ft accommodating 80-100 diners. An additional bar area at 2nd floor (731 sq ft) offers the opportunity for a champagne or wine bar. A new lease is available and offers are sought in the region of £50,000 per annum for this well appointed property.
CENTRAL LONDON PRIME TOURIST HOTSPOTLEASE SOLD
Following a company takeover we are selling a restaurant in a prime tourist spot and are looking for a buyer who can purchase quickly as the restaurant has recently closed. Situated in Southampton Row, close to many offices, The British Museum and many hotels around the Holborn/Russell Square area, the street has high footfall with Holland & Barrett, Greggs, Pizza Express and Simit Sarayi just some of the occupiers in this and adjacent blocks.
The premises are around 1100 sq ft on ground floor offering up to 80 covers, plus a small courtyard seating area at the rear. The basement is around 1200 sq ft and has a fitted kitchen, prep/storage areas and customer WCs.The lease is 20 years from April 2015 at £82,500 pa and premium offers in the region of £250,000 are being sought. Details are available here.
The Chapel was founded in 2001 as a luxury concept hair spa and the Group now has four salons: Tunbridge Wells, Sevenoaks, Islington and Verbier. Each of the buildings has distinctive qualities in order to create a five star environment for guests – the space and environment is an important feature of all salons in order to create the feeling of space, mood, colour and light for guests.
Intrinsic Property are identifying the next salons for The Chapel. The broad criteria for property acquisition are as follows:
SIZE: 3000 sq ft plus
TYPE: properties with distinctive features, character (modern or old) and potential feeling of ‘space’. A1 (retail use) is needed but buildings in alternative use requiring change of use will be considered.
POSITION: out of town, in town/High Street or destination locations will be considered
LOCATIONS: major, affluent towns/suburbs in the south east will be considered but of particular interest are Brighton, Chichester, Haywards Heath, Horsham, Cobham, Farnham, Guildford, Kingston, Reigate, Richmond, Wimbledon, Blackheath, Bromley, Marlow, Windsor, Walton/Weybridge, St Albans
If you have any suitable properties that you think may be suitable for The Chapel, or wish to discuss the requirement in more detail, please contact Simon Kelly of Intrinsic Property: Tel 07770 914634 or email email@example.com (or have a peek at the requirements brochure here).
WIMBLEDON VILLAGE – D1/D2/B1 – 1st FLOOR UNDER OFFER
Situated in the residential part of Wimbledon Village just south of Wimbledon Common, we’re letting the first floor of this rather striking building – with feature windows on three sides, there’s a wow factor to the space and loads of natural light! The ground floor and basement of the property have just been let to APPI Clinics to extend their successful physiotherapy and pilates clinic. The 1st floor has D1/D2 use so suitable for health uses, education or fitness but also has B1 use so would be suitable for architects or design studios or similar office uses. A new lease is available at a quoting rent of £22,000 per annum. Click here for the property particulars to download
LEISURE PREMISES, WARE DEAL DONE
We’re just about to bring to market a 6,500 sq ft D2 opportunity in the town centre. Located on 1st and 2nd floors above a parade of shops, the premises are currently trading as a snooker club, but having D2 use could be used for other leisure purposes such as health & fitness/gym, arts or small cinema or music venue.
Full details are available here.
KINGSLAND ROAD, E8 UNDER OFFER
This is an unusual and rare opportunity to acquire a leisure building in the heart of thriving Dalston. The property is an Asset of Community Value and benefits from a planning consent for use as an Arts and Cultural Centre with private function rooms and ancillary bar and with operating hours between 0900 and 0100 Sunday to Thursday, 0900 to 0300 Friday and Saturday. The planning use was granted in 2008 and was personal to the previous occupiers.The landlords will apply for permission to vary this consent jointly with an occupier who can demonstrate their appropriate use for the property as a ‘’unique venue with an exciting, creative yet community feel to it’’ and maintaining the local authority’s desire to protect the cultural value of live music venues in the borough.
The premises comprise approximately 2,200 sq ft over ground and first floor with an indicative capacity of circa 170-220, subject to configuration. Offers in excess of £90,000 per annum are being sought for a new lease.
CADOGAN TERRACE, LONDON E9
Cadogan Terrace runs around the east side of Victoria Park and is one of the area’s most picturesque streets – located between Hackney itself, Homerton, Bow and London’s most hip regeneration area, Hackney Wick.
We’re just about to bring to market a 2,100 sq ft A4 opportunity in this Victorian residential terrace, right opposite the St Mark’s Gate entrance to East London’s finest green space. .
The premises are located in a stunning new 8 apartment development adjacent to the Hertford Union Canal – they comprise split level accommodation, with an upper ground floor with picture window and the lower ground floor having an outside terrace. The rent is £77,500 per annum and we’re going to be looking for premium offers in the region of £50,000 for the lease on this shell unit. Full details are available here.
CHICHESTER LETTING COMPLETED
This is a great city centre retail or restaurant opportunity totalling around 3,300 sq ft over two levels. It’s opposite the Cattle Market car park (at 900 spaces, the largest in the city) and just off the end of East Street, Chichester’s pedestrianised shopping street. There’s a chance to create a bit of a ‘wow factor’ with the frontage as the first floor is fully glazed and benefits from natural light from front and back – a great sales space or seating area for a restaurant.
Carluccio’s, Brasserie Blanc, Turner’s Pies and ASK are nearby as well as Attibassi, the specialist Bologna coffee brand, who’ve opened their first UK espresso bar in Chichester. Boston Tea Party are due to open a new branch close by, just off East Street and close to major footfall drivers such as New Look, Next, T K Maxx and H&M. Click here for further details.
WALTHAMSTOW NOW LET
We are letting a ground floor retail/restaurant unit in the new student housing village in Black Horse Lane, Walthamstow. The 500+ bed village is due to open summer 2017 and will provide student housing 2 minutes from the Victoria Line and London Overground station with easy access to many of London’s unis, including London Metropolitan University on Holloway Road, the London College of Fashion on Oxford Street and the University of Westminster. Immediately adjacent, the next phase of the regeneration of this part of London is underway with the provision of almost 500 new homes in Taylor Wimpey’s Eclipse development. More on the major plans for this regeneration area can be read in this local media report.
We have a 2,300 sq ft ground floor unit (A1/A3/A4 consent) with double height frontage available and next to a 4,000 sq ft Co-Op due to open August 2017. More details of the unit available can be found here.