Residential Redevelopment Opportunity

Transcription

1 Residential Redevelopment Opportunity Former Londons Toy Shop And Newsagency 31a Hawthorn Grove Heworth York YO31 7UA Freehold Property with Planning Approval - For Sale

2 THE PROPERTY: The retail unit with on-built warehouse and the yard at the rear with vehicular access was home to London s Toy Shop and Newsagency for many years. The business closed in The latest retail use can obviously continue and there is clear potential for other uses. It is in this connection that Owners have secured a planning approval for demolition and the construction of eight apartments - see plans attached. Total gross initial area of the apartments is approximately 5,386 sq.ft. ( sq.m.). Photographs below show the property s frontage and the area to the rear which is accessed via double timber gates (used also by the Owner of the adjacent property for access to the rear of 31 Hawthorn Grove). Front Elevation Rear Yard

3 LOCATION: This landmark building/site is situated at the junction (mini round-about) of Hawthorn Grove, East Parade, Harcourt Street and Mill Lane in the popular residential district of Heworth, east of York City Centre. The junction is shown below. Most would regard the City Centre and local amenities in Heworth as being within easy walking distance. En-route to the City Centre via Layerthorpe there is also an Asda supermarket. Residential redevelopments in the area in more recent years have proved particularly popular and major projects involving student accommodation have now been completed. TENURE: The property is freehold. The site is subject to a vehicular right of way (as shown by cross hatching on the proposed plan) over the entrance driveway for the benefit of 31 Hawthorn Grove - the light blue coloured office building. RATEABLE VALUE: As commercial premises the property is subject to business rate liability and is currently assessed as follows:- Rateable Value: 17,000 (2010 Valuation List) Business Rates Payable: 8,228 ( Financial Year) The Valuation Office Agency s assessment shows the property having the following net internal areas:- Ground Floor Sales: sq.m. (1,574 sq.ft.) Ground Floor Warehouse: sq.m. (710 sq.ft.) First Floor Sales: sq.m. (1,785 sq.ft.) Second Floor Storage: sq.m. (339 sq.ft.)

4 PLANS ETC.: Drawings for the proposed development and a Topographical Survey of the site are available for inspection at the office of the Selling Agent by prior appointment. Extracts from the drawings are included within these particulars together with a copy of the Planning Permission of the 5th July Floor areas (G.I.A.) for the apartments (as supplied by the Architects) are as follows:- Plot sq.m. (982 sq.ft.) Plot sq.m. (553 sq.ft.) Plot sq.m. (625 sq.ft.) Plot sq.m. (982 sq.ft.) Plot sq.m. (553 sq.ft.) Plot sq.m. (487.6 sq.ft.) Plot 7 Please note that there is no Plot 7 Plot sq.m. (726 sq.ft.) Plot sq.m. (477 sq.ft.) SITE VISITS: Interested parties wishing to see the interior of the existing structure or the rear of the site are requested to make a prior appointment. We are keen to respect the privacy of the adjoining Owner. THE SALE: The site with existing structures thereon (former shop, warehouse and car park) is offered for sale by way of informal tender. There are no tender documents but interested parties are invited to deliver an offer in writing in a sealed envelope marked Tender - Londons - Heworth and addressed to Blacks Property Consultants Ltd., 95 Main Street, Fulford, York YO10 4PN but otherwise unmarked. The written offer should contain the following information:- 1. The offer (on letterhead with contact details) should be for a fixed sum (in numbers and words) and unrelated to any other offer and for the whole property. 2. Information to confirm the existence of financial resources to enable the site to be purchased should be included. Any conditions attaching to that support should be stated (e.g. subject to Funder s valuation, head office approval, etc.). 3. Any other conditions attaching to the offer should be stated. Offers subject to contract only will be preferred. 4. The Seller reserves the right not to accept the highest or any offer. 5. Following Owner acceptance of an offer the Buyer will be expected to exchange contracts and complete within an agreed time period. Offers should contain an anticipated completion date. Please indicate the Solicitor likely to be appointed to act on your behalf.

5 6. Those submitting an offer are asked to confirm that they would agree to the naming of a new residential development Londons Mews. City of York Council has confirmed that it has no objection to this. confirmation of this is available on request. 7. The deadline for receipt of Tenders is 12 noon on Friday 4th November The decision of the Owner will be communicated, where possible, to each party within 10 working days of the Tender date. OWNER S ARCHITECT: dc-architecture Studio 4, Middlethorpe Business Park Sim Balk Lane Bishopthorpe York. YO23 2BD Tel: E: studio@dc-architecture.com SELLER S SOLICITOR: Miss C R Spence Cowling, Swift & Kitchin 8 Blake Street York Tel: Fax: E: enquiries@csksolicitors.co.uk APPENDICES: A copy of the Planning Permission and extracts from plans referred to therein (provided by the Owner s Architect) are included on the following pages. Architects, dc-architecture, have kindly given approval to use of their drawings in our marketing material and have indicated a willingness to have a further involvement in the completion of the approved scheme. IMPORTANT NOTE: (1) The current Title Plan indicates that current ownership includes the footway to the kerb edge in addition to the forecourt. (2) Application has been made to the Land Registry to have the two triangular shaped areas either side of the driveway and forming the splayed gated entrance formally included within ownership. IMPORTANT NOTICE These particulars and photographs are provided subject to the following terms:- 1. They are for general guidance only and do not constitute the whole or any part of an offer or contract. No employee of Blacks has any authority to make or give any representation or warranty or enter into any contract. 2. Dimensions are approximate only and descriptions are given without responsibility on the part of Blacks or the Vendors or Lessors. Reference to plant, machinery, services, etc., does not constitute a representation of the adequacy, efficiency or condition. 3. All references to prices, rent, etc., exclude VAT which may apply and any offer made will be assumed to be VAT exclusive. 4. Dimensions, rating assessments, occupancy of the subject or adjoining property, etc., may from time to time change. Personal inspection, enquiry, and the taking of independent advice is imperative before a contract is entered into. 5. Current availability of this property should be checked before travelling to view.

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16 95 Main Street, Fulford, York. YO10 4PN T: E: W: