Landlords who have retail property in London are likely to be better off than their counterparts in town centres.
Matthew Hopkinson, director at the Local Data Company, explained that landlords are finding it tougher to let their town centre retail spaces for a number of reasons.
He explained: "There are lots of aspects about town centres which make it much harder [to let].
"There are a number of dynamics, and those dynamics vary depending on where you are in the country and the type of shop and population that you are serving."
Mr Hopkinson added that infrastructure issues, such as parking and the size of the retail space, are causing problems for landlords.
He claims many retailers want a space that has ease of access and parking that supports their business.
However, landlords who have retail property in London may not need to be too concerned, as Iain Smith, spokesman for the London Chamber of Commerce and Industry, recently said that London is the "best business city in the world".
London Commercial Property News
Thursday, September 08, 2011
Monday, September 05, 2011
Central London Investment Property For Sale In Bloomsbury
Bloomsbury Investment Property for Sale
King's Mews
London
Greater London
WC1N
GIA: 10512 sq/ft*
£ 5,650,000
Freehold
The buildings are situated on the eastern side of Kings Mews and can be accessed from Theobalds Road or Northington Street.
The property is located in Bloomsbury in the London Borough of Camden. Chancery Lane Underground station is approximately 350 metres to the south of the property on the corner of High Holborn and Grays Inn Road.
The site comprises a row of 6 freehold buildings. It is our clients wish to retain 2 of the units (preferably 25-26) The Kings Mews buildings are an assortment of low rise commercial buildings with one residential flat across the top floor of numbers 29 and 30.
The buildings for sale form part of a larger consented scheme for residential development. The buildings are now being sold separately and accordingly any prospective purchaser will need to make a separate planning application.
However, given than Camden Council granted a residential consent over the larger property, it could be argued that the principle of residential use for these properties has been established.
Having regard to the size of the buildings and plots for sale, there is potential for the development of mews houses in place of the buildings (subject to all necessary consents).
Individual buildings or parcels can be purchased.
There is an opportunity to develop the buildings on Kings Mews into mews style houses, subject to all necessary consents.
Investment Property in Bloomsbury
Sunday, August 21, 2011
London Properties For Sale
Browse our listings of leisure, offices, retail, industrial, healthcare, student & commercial property investment opportunities for sale in London
- London property sales & investment guide
- Shops, offices & commercial property investments for sale in London
- Freeholds & round rents for sale in London
- HMOs, hostels & care homes for sale in London
- Freehold pubs, restaurants & hotels for sale in London
- Flats, houses & buy to let residential properties for sale in London
- Derelict & run down properties for sale suitable for refurbishment in London
- Properties & building land for sale with planning permission in London
- Properties & development sites requiring planning permission for sale in London
Friday, August 12, 2011
Property in South East England
Browse our listings of leisure, offices, retail, industrial, healthcare, student & commercial property investment opportunities for sale in Berkshire, Buckinghamshire, East Sussex, Hampshire, Isle of Wight, Kent, Oxfordshire, Surrey and West Sussex
- Commercial property investments for sale in South East England
- Ground rent investments for sale in South East England
- HMOs, hostels & care homes for sale in South East England
- Pubs, restaurants & hotels for sale in South East England
- Property for sale suitable for redevelopment in South East England
- Properties with planning permission for sale in South East England
- Properties without planning permission for sale in South East England
- Residential property investments in South East England
Wednesday, August 10, 2011
UK Pubs; Change of Use and Planning
Redeveloping Commercial property to meet the demands of the UK’s property deficit is a highly cyclical and risky business and finding the perfect property for development does not happen by chance. The ability to determine your property investment needs, identify problem areas and ask the right questions can be the difference between profit and loss.
Over the last few years more and more people are choosing to convert former public houses into private residential dwellings. The traditional British pub is currently under threat as never before. A combination of factors has led to more and more pub owners shutting down pubs and seeking to convert the buildings to other uses; Footfall in all pubs has gone down two-thirds in the last twenty years, and there just isn't the demand that there used to be. Beer sales are falling by 20pc year on year and pubs are closing at the rate of 5 a day. The price of freehold pubs continues to fall, as breweries, pub chains and pub companies offload unprofitable, struggling, run down or vacant pubs.
But finding the ideal pub site to redevelop is not always that simple. There are issues with finding finance for the purchase of a commercial building, VAT to be considered but perhaps most important are the issues of change of use and planning.
Paramount Investments specialise in the sale of licensed and commercial properties and Sales Director, Steve Oliver has been selling pubs, wine bars, hotels and restaurants for the last 8 years;
" Some of our commercial properties already have planning permission for redevelopment. Pubs have a flexible A4 planning ‘business use class’ that normally can be changed to A1 use (say, for a newsagents), A2 (a delicatessen or a firm of solicitors or architects) or A3 (restaurants). And if you buy a property with planning permission, you can get on with your property development, modernisation or refurbishment project straight away."
Over the last few years more and more people are choosing to convert former public houses into private residential dwellings. The traditional British pub is currently under threat as never before. A combination of factors has led to more and more pub owners shutting down pubs and seeking to convert the buildings to other uses; Footfall in all pubs has gone down two-thirds in the last twenty years, and there just isn't the demand that there used to be. Beer sales are falling by 20pc year on year and pubs are closing at the rate of 5 a day. The price of freehold pubs continues to fall, as breweries, pub chains and pub companies offload unprofitable, struggling, run down or vacant pubs.
But finding the ideal pub site to redevelop is not always that simple. There are issues with finding finance for the purchase of a commercial building, VAT to be considered but perhaps most important are the issues of change of use and planning.
Paramount Investments specialise in the sale of licensed and commercial properties and Sales Director, Steve Oliver has been selling pubs, wine bars, hotels and restaurants for the last 8 years;
" Some of our commercial properties already have planning permission for redevelopment. Pubs have a flexible A4 planning ‘business use class’ that normally can be changed to A1 use (say, for a newsagents), A2 (a delicatessen or a firm of solicitors or architects) or A3 (restaurants). And if you buy a property with planning permission, you can get on with your property development, modernisation or refurbishment project straight away."
Sunday, August 07, 2011
Lincoln Pub and Development Land for Sale
Former public house/development land for sale with full vacant possession.
Joiners Arms
Victoria Street
West Parade, Lincoln
Lincolnshire
LN1
Ground floor footplate: 1524 sq/ft*
£ 125,000 + VAT
Freehold
Unconditional offers are invited for our clients unencumbered interest.
Approx gross site area: 1,741 sq ft*
The property represents excellent value for continued licensed use / owner occupation. There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
The existing use class of the property is A4 'Drinking Establishments'. Planning consent is not required to change the current use to A1 (shops), A2 (financial and professional services) or A3 (restaurants and cafes).
Rateable Value: £3,850
Joiners Arms Pub for Sale, Lincoln
Monday, August 01, 2011
Hotel for Sale, Mansfield Derbyshire
Derbyshire Hotel for Sale
Stanton Hotel
New Houghton
Mansfield
Derbyshire
NG19
Gross Site Area: 9708 sq/ft*
£ 250,000 + VAT
Freehold Hotel For Sale, Mansfield, Derbyshire
Friday, July 22, 2011
Gloucestershire Pub For Sale
Property investors looking for pubs for sale might be interested to hear that the Fox & Elm in Tuffley, Gloucester, is on the market for £29,950 leasehold.The Citizen reported that the premises include gardens, a three-bedroom flat and a dining room, with rent set at £16,000 for the next two years.
A skittle alley, children's play area and large car park are also part of the pub, which was last refurbished in 2004.It also has 14 years left on a renewable Marstons Inns lease, while prospective investors might be pleased to hear that it turned over £180,000 in the last financial year.
Councillor Gerald Dee told the newspaper that it is hard for the pub to compete with cheap alcohol sold in supermarkets.
"I would like to see it continue as a successful pub but I am not sure if it could unless they started serving food," he added.
The Campaign for Real Ale noted that the site has hosted a pub for at least 60 years, having been known as the New Inn, the Blinking Owl and Fox & Elm over time.
UK Pub Sales News
Tuesday, July 12, 2011
Guide to Buying Properties at Auctions
If you've set your mind on buying properties at auction, properties are usually advertised for three or four weeks before the auction day, during which time you can inspect them.
This is the time to do your homework and importantly make sure it's suitable. If you decide to take the plunge, let the auction house know you're interested, so it can keep you informed of developments. Some pubs are sold prior to the auction.
This is also the time to have the pub surveyed; Legal documents are usually available to download from the property auctioneer's website which you should get your solicitors to look through, however you don't need your solicitor to attend the auction.
Follow the links for more info on Guide to Buying Properties at Auctions
This is the time to do your homework and importantly make sure it's suitable. If you decide to take the plunge, let the auction house know you're interested, so it can keep you informed of developments. Some pubs are sold prior to the auction.
This is also the time to have the pub surveyed; Legal documents are usually available to download from the property auctioneer's website which you should get your solicitors to look through, however you don't need your solicitor to attend the auction.
Follow the links for more info on Guide to Buying Properties at Auctions
Thursday, July 07, 2011
Downham Market Pub for Sale, Norfolk
Norfolk Pub with Land for Sale
Jolly Farmers
Feltwell Road
Southery, Downham Market
Norfolk
PE38
Gross Site Area: 42112 sq/ft*
£ 210,000 + VAT
Jolly Farmers Freehold Pub for Sale, Downham Market
Monday, July 04, 2011
Bloomberg Analysts Warns U.K. Retail Demergers Should Await Consumer Return
First-quarter sales at Costa Coffee surged 23 percent, Whitbread said last week, while sales at its budget hotel chain Premier Inn rose 8.1 percent. The company plans to double the size of Costa Coffee to 3,500 stores worldwide over the next five years.
“Nothing is likely in the near term,” Ellis said June 23. “It isn’t the easiest market environment to sell into at the minute, with ongoing consumer pressures. They would be better to hold off. It is now at the stage where a lot of investment in overseas markets is starting to bear fruit.”
The planned demerger of Punch Taverns Plc (PUB) this year to separate its leased pub division from Spirit, the faster-growing managed pub estate that includes Chef & Brewer, is unlikely to create shareholder value as weak consumer spending hurts leased outlets, say analysts.
“My valuation is 70 pence for Spirit and five pence for the Punch part of it,” Paul Hickman, an analyst at Peel Hunt, said in a phone interview on June 23. “It is fairly valued at the moment. The demerger is the delayed result of a company hitting the recession with too many pubs and too much debt. While trading is quite difficult, what they are doing is appropriate.”
Punch climbed 1.9 percent to close at 71.35 pence a share in London trading on June 24.
Punch Taverns is making “good progress” with its demerger the company said on June 8. The demerger needs the approval of bondholders.
“Nothing is likely in the near term,” Ellis said June 23. “It isn’t the easiest market environment to sell into at the minute, with ongoing consumer pressures. They would be better to hold off. It is now at the stage where a lot of investment in overseas markets is starting to bear fruit.”
The planned demerger of Punch Taverns Plc (PUB) this year to separate its leased pub division from Spirit, the faster-growing managed pub estate that includes Chef & Brewer, is unlikely to create shareholder value as weak consumer spending hurts leased outlets, say analysts.
“My valuation is 70 pence for Spirit and five pence for the Punch part of it,” Paul Hickman, an analyst at Peel Hunt, said in a phone interview on June 23. “It is fairly valued at the moment. The demerger is the delayed result of a company hitting the recession with too many pubs and too much debt. While trading is quite difficult, what they are doing is appropriate.”
Punch climbed 1.9 percent to close at 71.35 pence a share in London trading on June 24.
Punch Taverns is making “good progress” with its demerger the company said on June 8. The demerger needs the approval of bondholders.
Sunday, July 03, 2011
Save the Pub Group; Planning law changes ‘won’t save pubs’
Morning Advertiser reports that protecting pubs through changes to planning law is “not deliverable”, community pubs minister Bob Neill has warned campaigners.
However, he has promised to look at a “mixture” of ways to improve protection of pubs and boost the chances of communities taking over assets where they are both viable and valued.
The All-Party Parliamentary Save the Pub Group, in conjunction with the Campaign for Real Ale, had issued Neill with a Charter for Protecting Pubs in England.
The charter calls for an end to the “scandal” of closing profitable pubs against the wishes of the community. It wants changes to the planning system to ensure pubs can’t be demolished or undergo change of use without planning permission.
It also wants to ensure a guarantee that a pub will not be lost where there is a viable bid to buy it and to continue running it as a pub.
Neill warned the Save the Pub Group that he could not deliver protection for every single pub.
“I don’t think it is deliverable — and certainly not through the planning system, as it deals with the regulation of land use. If you are regulating a certain type of business use, that is not deliverable.”
He added: “You can’t use the planning system to alter the shape of the market.”
However, he has promised to look at a “mixture” of ways to improve protection of pubs and boost the chances of communities taking over assets where they are both viable and valued.
The All-Party Parliamentary Save the Pub Group, in conjunction with the Campaign for Real Ale, had issued Neill with a Charter for Protecting Pubs in England.
The charter calls for an end to the “scandal” of closing profitable pubs against the wishes of the community. It wants changes to the planning system to ensure pubs can’t be demolished or undergo change of use without planning permission.
It also wants to ensure a guarantee that a pub will not be lost where there is a viable bid to buy it and to continue running it as a pub.
Neill warned the Save the Pub Group that he could not deliver protection for every single pub.
“I don’t think it is deliverable — and certainly not through the planning system, as it deals with the regulation of land use. If you are regulating a certain type of business use, that is not deliverable.”
He added: “You can’t use the planning system to alter the shape of the market.”
Saturday, July 02, 2011
Stonegate Pub Company and Town & City Pub Company Merger
Stonegate Pub Company and Town & City Pub Company have merged to form the largest privately held managed pub operator in the UK, with a combined portfolio of 560 pubs and revenues approaching half a billion pounds, reports Property Week.
The merger is the first significant transaction for Stonegate since it was formed by private equity firm TDR Capital to acquire pubs from Mitchells & Butlers in November 2010.
The merged entity will be called Stonegate Pub Company, with TDR Capital as the majority owner.
In 1998 TDR Capital were the original backers of Punch Taverns, orchestrating the acquisition of an estate of 1,428 pubs from Bass and the first tied pub securitisation. In 2003 TDR Capital acquired PizzaExpress, combining it with ASK in 2004 to create the Gondola Group, a leading casual dining group with over 500 restaurants across the UK.
“The UK pub industry continues to undergo significant change. This merger further strengthens our platform and positions us to be leaders in this shake-up.”
The merger is the first significant transaction for Stonegate since it was formed by private equity firm TDR Capital to acquire pubs from Mitchells & Butlers in November 2010.
The merged entity will be called Stonegate Pub Company, with TDR Capital as the majority owner.
In 1998 TDR Capital were the original backers of Punch Taverns, orchestrating the acquisition of an estate of 1,428 pubs from Bass and the first tied pub securitisation. In 2003 TDR Capital acquired PizzaExpress, combining it with ASK in 2004 to create the Gondola Group, a leading casual dining group with over 500 restaurants across the UK.
“The UK pub industry continues to undergo significant change. This merger further strengthens our platform and positions us to be leaders in this shake-up.”
Friday, July 01, 2011
Great British Beer Festival 2011
The Great British Beer Festival at Earls Court, Britain's biggest beer festival, once again brings together a wide range of real ales, ciders, perries and international beers.There's plenty to occupy you at the festival, you can play on some traditional pub games, enjoy live music, sample some food, including good traditional pub snacks, and also attend tutored beer tastings.
Britain's biggest beer festival 2-6 August 2011 Earls Court, London
Thursday, June 30, 2011
Market Drayton Pub for Sale
Shropshire Pub for Sale
Squirrel
Wollerton
Market Drayton
Shropshire
TF9
Gross Site Area: 18387 sq/ft*
£ 175,000 + VAT
Freehold
Squirrel Pub for Sale, Market Drayton Shropshire
Wednesday, June 29, 2011
Wi-Fi in Pubs Would Attract More Customers Reports Big Hospitality
A survey of customers in some of the largest pub chains around the UK has found that a decent Wi-Fi connection would encourage punters to visit more often.
Preliminary results from a Him! Research’s OnTrack 2011 report reveal that 6 per cent of pub customers say they’d be more frequent customers in a pub if they could log on to the internet there.
The report was prepared following interviews with 2,700 pub customers conducted earlier this month at Greene King, JDW/Lloyds Average, JD Wetherspoon, Lloyds, Shepherd Neame, Vintage Inns, Marston's, Punch, and Independent Pubs.
“Other foodservice outlets are increasingly offering this footfall driving service, which has already become an expectation in some parts of the world,” said Him!
“For example, Pizza Express e-mailed its customer database this week to let them know about their improved Wi-Fi service."
Another survey published in 2008 revealed similar results. Conducted by T-Mobile, the survey had found that almost half of British consumers want to be able to use the internet wherever they go, and they list pubs as one of the top locations they would like to surf the web.
Preliminary results from a Him! Research’s OnTrack 2011 report reveal that 6 per cent of pub customers say they’d be more frequent customers in a pub if they could log on to the internet there.
The report was prepared following interviews with 2,700 pub customers conducted earlier this month at Greene King, JDW/Lloyds Average, JD Wetherspoon, Lloyds, Shepherd Neame, Vintage Inns, Marston's, Punch, and Independent Pubs.
“Other foodservice outlets are increasingly offering this footfall driving service, which has already become an expectation in some parts of the world,” said Him!
“For example, Pizza Express e-mailed its customer database this week to let them know about their improved Wi-Fi service."
Another survey published in 2008 revealed similar results. Conducted by T-Mobile, the survey had found that almost half of British consumers want to be able to use the internet wherever they go, and they list pubs as one of the top locations they would like to surf the web.
Tuesday, June 28, 2011
Pubs, Planners & Planning Permission
Paramount Investments specialise in the sale of licensed and commercial properties and Sales Director, Steve Oliver has been selling pubs, wine bars, hotels and restaurants for the last 8 years.
"Planners believe a pub is as essential to village life as a shop or post office. The loss of pubs, whether in rural or urban areas, can undermine the local economy and community. Although not impossible it will be harder to get planning permission for changing the use if it's the last pub in the village as planners like to have a least one pub in the area. Your local planning authority will be able to give you their opinion on the feasibility of your plans and if a similar property has already been converted, then this will help your own planning application."
Follow the link for more on Planners & Planning Permission
"Planners believe a pub is as essential to village life as a shop or post office. The loss of pubs, whether in rural or urban areas, can undermine the local economy and community. Although not impossible it will be harder to get planning permission for changing the use if it's the last pub in the village as planners like to have a least one pub in the area. Your local planning authority will be able to give you their opinion on the feasibility of your plans and if a similar property has already been converted, then this will help your own planning application."
Follow the link for more on Planners & Planning Permission
Bradford-on-Avon Pub for Sale, Wiltshire
Wiltshire Pub for Sale
Beef & Barge
Widbrook
Bradford-on-Avon
Wiltshire
BA15
Gross Site Area: 1 acres*
£ 575,000 + VAT
Freehold
Beef and Barge Pub for Sale, Bradford-on-Avon
Monday, June 27, 2011
Birmingham Pub for Sale, West Midlands
West Midlands Pub for Sale
Lickey Banker
Ormond Road, Rubery
Birmingham
West Midlands
B45
Gross Site Area: 28291 sq/ft*
£ 400,000 + VAT
Freehold
Public house/development land for sale with full vacant possession. Unconditional offers are invited for our clients unencumbered interest.
The property represents excellent value for continued licensed use / owner occupation. There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
Lickey Banker Pub for Sale, Birmingham, West Midlands
Wales Pub News; Flat Holm Island Pub Opens.
The Gull and Leek, one of the most unusual pubs in Wales, has opened, reports the BBC. But, as Andy Gourlay found, a visit requires some planning, because it is on the nature reserve island of Flat Holm.
On the face of it, it's not the most promising site for a new pub.
In the middle of nowhere, you can't park and the locals are a noisy bunch intent on pinching your sandwiches.
But despite all that, the Gull and Leek, the new pub on the nature reserve at Flat Holm island is sure to be a hit with visitors who do manage to drop in.
Unless you happen to own a boat, there's no nipping over for a quick pint as a trip there takes a bit of forward planning.
On the face of it, it's not the most promising site for a new pub.
In the middle of nowhere, you can't park and the locals are a noisy bunch intent on pinching your sandwiches.
But despite all that, the Gull and Leek, the new pub on the nature reserve at Flat Holm island is sure to be a hit with visitors who do manage to drop in.
Unless you happen to own a boat, there's no nipping over for a quick pint as a trip there takes a bit of forward planning.
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