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What have Whales, Cables and Pints got in common?
Enderby House on the Greenwich water front!
Among other commercial space on Barratt Homes prestigious Enderby Wharf development Hindwoods were tasked with selling the Grade II listed Enderby House which had fallen into disrepair over the years but had significant potential for a new use.
Their was enormous local interest in the next use of the property, largely due to the history attached to the building. Samuel Enderby & Sons operated from here as the largest whalers in Great Britain and were also noted as pioneers of Antarctic exploration. In 1857 submarine cable manufacturers Glass, Elliot & Co took over the property and their ship laid the first functioning transatlantic telecommunications cable connection.
Barratt had already brought the wider area to life through their mixed use development but this building stood alone and was made commercially viable due to their expertise and commitment to salvage the property before it became too late through extensive works followed by a sympathetic new extension.
Built around 1830 the building has great character including an unusual octagonal room with great views over the Thames. It was a complex deal which involved patient input from all stakeholders and included significant investment from Youngs the purchaser of the freehold interest.
It was great to see the pub open to the public in April of this year in the latest stage of the building’s life and witness customers enjoying lunch and a pint on the external deck looking across to Canary Wharf.20 September 2021
Where city meets village – a Taylor Wimpey and Countryside Properties scheme
The Greenwich Millennium Village scheme has transformed a lot of the landscape in Greenwich so far and continues to expand. The scheme is situated on the Greenwich Peninsula just one stop from Canary Wharf and close to the world famous O2.
Recently, Hindwoods successfully let three commercial units that sit within Trathen Square, part of the fourth phase of Greenwich Millennium Village. The square forms a mix of apartments, mews houses, retail units and a paved outdoor space that will eventually host markets at the weekends.
The commercial occupiers will provide services to the many new and existing residents in the area. GoodWill Pharmacy is up and running, offering a wide range of patient services including prescriptions and aesthetics. Coming soon are Image & Styling Lounge – a trendy hairdressers and Co-op Food, who will both be welcomed additions to the area.
The Pet Shop Boys
We are pleased to announce the completion of the sale of this prominent mixed- use investment in Lewisham High Street. It comprises 9 flats, two retail units and a light industrial unit and sits on a 0,4 acre site. The main tenant – Supreme Animal Foods – sells all usual pet supplies but also lizards, snakes and exotic spiders.
Even under very difficult conditions there was tremendous interest which led to an informal tender, ultimately achieving a sale price in excess of the £2.75 Million guide. If you have any similar properties or are looking for this type of investment please contact Edward Dent (link to email). It’s a sin not to.02 August 2021
Dark Kitchens and rapid delivery. An entrepreneurial opportunity.
2020 was a challenging year for many businesses with the hospitality industry, which saw widespread closures throughout March-December brought on by Government guidelines and nationwide lockdowns. Therefore many businesses had to find new and innovate ways to keep their operations running throughout the Pandemic, with many relying on delivery service only in order to survive.
With a large proportion of the general public now working from home, last year saw a sharp increase in takeaways being ordered, with online orders and deliveries now accounting for around 30% of sales in the food industry. Many companies including Deliveroo, Uber Eats and Just Eat, have greatly benefited from this shift in consumer habits by transitioning their production into ‘Dark Kitchens’ in order to fulfil orders. By adopting this model they have been able to successfully increase their output and overall reach across the UK.
Whilst not a new concept, Dark Kitchens have allowed many businesses to continue trade by setting up small production kitchens in warehouses or industrial units, often at a more affordable rent than conventional retail locations. Dark Kitchens have multiple advantages, as they can be set up to cater for several restaurants, often come with reduced overheads and can also be adapted to suit seasonal changes. They also offer great expansion opportunities for restaurants or smaller business, with no upfront costs to the operator. The delivery company will fit out the units to their specification, and the operators can have their orders completed from multiple sites whilst paying the company a commission.
Signs show that this may be a new way forward for the restaurant and delivery industry, with Deliveroo announcing that they plan to expand to 100 new towns and cities across the UK in 2021. However this is not just limited to restaurants. There has been a recent surge in grocery delivery apps including Gorillas, Getir and Fame now offering groceries to your door in under 10 minutes. A great feat that beats your local supermarket!
Always read the small print
We all know that the devil is in the detail– but in todays times of information overload it’s sometimes easier said than done.
For example, recently we were advising a client on the development potential of their three-storey mixed use property in Woolwich. It seemed that it was a perfect candidate to benefit from the new permitted development changes to add a couple of additional floors.
Most developers know that there are certain constraints – listed buildings, SSSI’s, maximum heights etc – but how many saw the one at the bottom of the list?
‘Land within 3 kilometers of an aerodrome’?
The term aerodrome covers many different types of aviation infrastructure – airports, heliports and even grass airstrips. This potentially extends to about 400 sites within England alone – an area of over 11,000 km2!
Although the exact definitions of what constitutes the ‘perimeter’ is a grey one and varies from site to site, in our case the property falls withing that of London City Airport ( on the other side of the river) so the Permitted Development rules would not apply, and a full planning application would be necessary for upward extension.
To illustrate below is a diagram of the relevant area excluded by City Airport courtesy of planning experts Lichfields:
Those looking at potential sites in and around London will need to bear in mind Heathrow Airport, London City, Gatwick and London City Heliport. So if you are considering upward extensions via PD, be sure to take expert advice – and always read the small print!
‘From film to fitness – The Coronet Cinema’
Prominently positioned just off Well Hall Roundabout, the Coronet Cinema building is hard to miss. It was originally designed by architect Andrew Mather and the building externally was a stunning Art Deco style masterpiece. Initially opened in 1936 for Odeon Theatres, it then became the Coronet Cinema from 1981 to 2000 when, unfortunately, the building fell derelict.
Today, the building has recently been let by Hindwoods on behalf of the landlord to ‘energie Fitness’, who moved in in April and are locally owned. Original Art Deco style features remain, but the gym’s signature green and black branding is tastefully obvious inside and out, a harmonious blend of old and new that worked for both landlord and tenant respectively.
It is brilliant to see a once derelict building up and running as a popular and positive new addition to the local area and we wish energie the best of luck.28 May 2021
135 years of HINDsight
Originally established in 1886 Hindwoods remains one of the few independent firms of Chartered Surveyors not swallowed up by the corporate brands.
In the early days of the company, Victor Hindwood was famous for his auctioneering prowess with regular advertisements in the national press promoting his auctions which sold real estate across many sectors, particularly in the Deptford and Greenwich areas.
Victor was a gregarious character and his entertaining company was sought by many in the business community. Here he is with a rather youthful looking HRH Prince Philip, Duke of Edinburgh, who attended the then Royal Naval College at Greenwich for his training, now the University of Greenwich.
A property man until the end, it was interesting to see in Victor’s death notice in the London Gazette that his home reflected his love of Auctioneering and his sense of humour, it was named as …………………………………………. WAYTFORIT!
Keep Up! The new laws coming into force
In a year which has already seen some of the most radical changes to the planning system in a generation, from August 1 new Class MA (‘mercantile to abode’) legislation comes into force, replacing the previous regime of office and retail permitted development to residential uses (Class M).
What are the headlines?
Subject to certain conditions the new laws allow the change of use from business category E to residential.
What is Business Category E?
Former use A1 (retail shops), A2 (financial and professional services) A3 (restaurant), B1 ( business), D1(a) (non-residential institution) D1 (b) (creches, nurseries etc), D2(e) (assembly and leisure).
This means that properties which formerly fell under classes A3, D1(a), D1(b), and D2(e) will now benefit from permitted development rights which they did not do before
Certain Conditions – what are they?
The rights do not apply to buildings where more than 1500 sq metres are to be converted. This is ten times more for retail to residential than currently permissible (Under Class M) but is a restriction on current office to residential conversions.
Properties must have been in Class E use for at least two years continuously prior to any application and also vacant for at least three months. Closure due to Covid does not meet this qualification where the property continues to be occupied by the tenant.
There are also other restrictions including those regarding Areas of Outstanding National Beauty, Sites of Special Scientific Interest or World Heritage Sites – or safety hazard areas or military training areas!
What about Conservation Areas?
Unlike the previous regime, the new PDR applies in Conservation Areas. There will however need to give consideration to the impact on the ‘character and sustainability’ of the area in the prior approval process.
Are there any other Prior Approval matters to consider?
Most of these continue to be the same as under the current guidelines – transport and highways, contamination, flood risk, and the provision of adequate natural light to habitable rooms. There will also be consideration given to loss of certain local infrastructure and agent of change (e.g. effect of change of use to existing neighbouring businesses).
There will also be requirements to meet space standards for the created homes – none less than 37 sq. metres.
As with all new legislation it will take a while to see how these changes will be received, and for the detail to be fully explored. But combined with the recent changes to the Use Class order this will undoubtedly herald a radical change to the High Street.
If you would like to discuss this or explore how this may impact upon your property please contact Edward Dent (email@example.com).
For full details on the legislation please visit the Government website – click here.22 April 2021
Meet the team: Tom Mitchell
This month we’re talking to Tom, Senior Property Manager. Discussing his role, the challenges and where he sees the future of property management.
1. Congratulations on being promoted to Senior Property Manager, how does it feel?
I’m really chuffed, career progression was one of the reasons why I joined Hindwoods in first place as I wanted to further my career and with this promotion I’ve achieved that, it also shows that board of Directors trust and believe in me.
2. So, what makes a successful Property Manager and what do you do day to day?
A successful Property Manager needs to be willing to learn, we deal with so many different issues day to day that we always need to be willing to learn and pick up new ideas and skills, one day you might be dealing with a roofing issue and the next day a plumbing issue, the next a fencing issue, having knowledge of each job and trade is invaluable as a Property Manager. Successful Property Managers also have to be resilient, patient, be a good listener and communicator, honest and trustworthy and work well within a team. My day to day work generally consists of dealing with leaseholders emails and phone calls and actioning the various different queries that they have and liaising with various different contractors with regard to works required on my portfolio.
3. What is your favourite thing about being a Property Manager?
No two days are the same so it is never boring, some of the issues that come up are very challenging and when they have been resolved because of the decisions I have made, it gives me a good sense of achievement.
4. What are the most challenging parts of being a property Manager?
Managing residents expectations and keeping up to date with the ever changing laws and policies of leasehold management.
5. How has Covid-19 affected your work?
I’ve been lucky enough to have been able to have worked throughout the whole pandemic, from home. During lockdown 1 it was very difficult getting contractors out to some of the simplest jobs mainly because they had closed, or the materials were not available, which was not ideal.
6. Where do you see the future of Property Management?
Its forever changing, the laws, health and safety, fire safety, all of which has been going through a lot of changes over the years and will continue to do so. We are heading towards a lot of changes, that if passed through parliament will see us as Property Managers having to be licensed but also companies doing property management will have to be registered and there is also talk of managed properties having a dedicated health and safety officer albeit this is in the very early stages but I do see Property Management as a strong industry that will be around for many, many more years to come.21 April 2021