Gambia Night Club and Beach Bar for Sale - Kololi £800,000
This property is located on the beach front in the main tourist area known as Palme Rima. The site is partially developed and is known as one of the major music venues in The Gambia, playing host to international stars such as Sizzla and Maorgan Heritage from Jamaica, Youssou Ndoour from Senegal and Emerson from Sierra Leone.
The property consists of a covered beach front verandah offering access to the main performance stage, bar and restaurant area. There is a further smaller stage area with covered seating, unfinished VIP area, other unfinished buildings and a large undeveloped court yard.
Thursday, 26 March 2009
Friday, 13 March 2009
UK Pubs For Sale
As the UK is the new overseas property investment destination it seems right to comment on the best commercial investment property available;
Pubs and hotels are now prime targets for the savvy property investor as buying a pub is likely to work out cheaper on a pounds per sq ft basis than buying a house in the same street.
The UK licensed property market is being flooded with cheap empty pub and hotel sites as a combination of cheap beer in supermarkets, rising costs and the smoking ban have taken their toll on the pub trade.The coming months may see the acceleration of the pace of pub closures as pub landlords, breweries and pub companies have had to face up to the pressures of the credit crunch.
The British Beer & Pub Association estimates that four pubs are shutting down every day and that the rate of closures is 14 times faster than in 2005. There are just over 57,000 pubs in Britain today, compared with 69,000 in 1980.
Beer sales in pubs, relative to other outlets such as supermarkets, have been falling for 30 years and according to the BBPA, beer sales over the bar are at their lowest since the Great Depression.
Pub shares have suffered "extraordinary underperformance". Many have retreated 50 per cent from their 2007 highs. Several UK pub chains, embracing high-street names such as the Slug and Lettuce, Hogshead and Walkabout, have collapsed or been forced to sell.
Buying a Pub or Hotel Suitable for Redevelopment
Pubs have a flexible A4 planning '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).
Alternatively, buyers can apply for planning permission to convert the pub or hotel into a residential property. Often pubs come with land, beer gardens or car parks that can be developed. Unless it's a village pub, where community issues come into play, planners are sympathetic to alternative uses. Pubs close because they are not successful businesses and redevelopment helps regenerate the area. In run-down areas, planners often want to keep a commercial use for the pub because this boosts local employment.
Before you buy a run down pub or hotel in need of refurbishment or redevelopment, explore different ways of achieving the best return on your property investment
Modernising a pub. A general decorative overhaul can push up the value of a run down pub or hotel without involving planners, architects and a big investment,.
Converting a pub. At its most simple you might take a large public house or hotel and turn it into flats, but this still involves complex investment budgeting and financing. There's often a large gap between the value of a pub and what it might fetch if redeveloped or converted to offices, shops or flats - but there are also a lot of costs involved, and often a lot of pitfalls. Sometimes it's more profitable to convert the pub into a single house. Planning consent will normally be required in both scenarios. Many Victorian pubs are listed, which can complicate conversion projects.
Change of use as a pub. The conversion of a building from one of business use into housing is a more complex proposition. For example, when converting a pub or hutel into flats, the big, initial risk is trying to buy the property without first applying for planning consent for 'change of use'. You should never buy an investmnet property on the assumption that 'change of use' is possible without serious research into the planning issues and a detailed conversation with local planning officers. Many hotel and pub sales like this are achieved only when they are 'subject to planning', that is, the deal will only be completed, and the full purchase price paid, when planning permission is granted. It is more likely that planning restrictions will be less stringent on a city pub than on a country pub.
The following pubs could either be converted or redeveloped into residential or mixed use accommodation.
Miners Arms
North Wingfield Road, Grassmoor
Chesterfield
Derbyshire S42
Gross Site Area: 5759 sq/ft*
£ 145,000 + VAT Freehold
Printers
Union Road,
Oswaldtwistle
Accrington
Lancashire BB5
£ 185,000 + VAT Freehold
For more Uk Pubs for Sale visit http://paramount-investments.co.uk/
Pubs and hotels are now prime targets for the savvy property investor as buying a pub is likely to work out cheaper on a pounds per sq ft basis than buying a house in the same street.
The UK licensed property market is being flooded with cheap empty pub and hotel sites as a combination of cheap beer in supermarkets, rising costs and the smoking ban have taken their toll on the pub trade.The coming months may see the acceleration of the pace of pub closures as pub landlords, breweries and pub companies have had to face up to the pressures of the credit crunch.
The British Beer & Pub Association estimates that four pubs are shutting down every day and that the rate of closures is 14 times faster than in 2005. There are just over 57,000 pubs in Britain today, compared with 69,000 in 1980.
Beer sales in pubs, relative to other outlets such as supermarkets, have been falling for 30 years and according to the BBPA, beer sales over the bar are at their lowest since the Great Depression.
Pub shares have suffered "extraordinary underperformance". Many have retreated 50 per cent from their 2007 highs. Several UK pub chains, embracing high-street names such as the Slug and Lettuce, Hogshead and Walkabout, have collapsed or been forced to sell.
Buying a Pub or Hotel Suitable for Redevelopment
Pubs have a flexible A4 planning '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).
Alternatively, buyers can apply for planning permission to convert the pub or hotel into a residential property. Often pubs come with land, beer gardens or car parks that can be developed. Unless it's a village pub, where community issues come into play, planners are sympathetic to alternative uses. Pubs close because they are not successful businesses and redevelopment helps regenerate the area. In run-down areas, planners often want to keep a commercial use for the pub because this boosts local employment.
Before you buy a run down pub or hotel in need of refurbishment or redevelopment, explore different ways of achieving the best return on your property investment
Modernising a pub. A general decorative overhaul can push up the value of a run down pub or hotel without involving planners, architects and a big investment,.
Converting a pub. At its most simple you might take a large public house or hotel and turn it into flats, but this still involves complex investment budgeting and financing. There's often a large gap between the value of a pub and what it might fetch if redeveloped or converted to offices, shops or flats - but there are also a lot of costs involved, and often a lot of pitfalls. Sometimes it's more profitable to convert the pub into a single house. Planning consent will normally be required in both scenarios. Many Victorian pubs are listed, which can complicate conversion projects.
Change of use as a pub. The conversion of a building from one of business use into housing is a more complex proposition. For example, when converting a pub or hutel into flats, the big, initial risk is trying to buy the property without first applying for planning consent for 'change of use'. You should never buy an investmnet property on the assumption that 'change of use' is possible without serious research into the planning issues and a detailed conversation with local planning officers. Many hotel and pub sales like this are achieved only when they are 'subject to planning', that is, the deal will only be completed, and the full purchase price paid, when planning permission is granted. It is more likely that planning restrictions will be less stringent on a city pub than on a country pub.
The following pubs could either be converted or redeveloped into residential or mixed use accommodation.
Miners ArmsNorth Wingfield Road, Grassmoor
Chesterfield
Derbyshire S42
Gross Site Area: 5759 sq/ft*
£ 145,000 + VAT Freehold
PrintersUnion Road,
Oswaldtwistle
Accrington
Lancashire BB5
£ 185,000 + VAT Freehold
For more Uk Pubs for Sale visit http://paramount-investments.co.uk/
Wednesday, 11 March 2009
Gambia Beach Front Hotel Investment
Gambia Beach Hotel Investment For Sale - Kololi
This property is located on the beach front in the main tourist area known as Palme Rima. The plot is 80 m by 212m and is fenced on all sides.
14 x 1 bedroom apartments
14 x studios
7 x 2 bedroom apartments
There is a further strip of vacant land with space for a similar development or a number of individual properties.
Kololi is a resort town on the shore of the Atlantic Ocean in Gambia. Kololi is the main tourist area of the Gambia, with the main hotels such as the Senegambia and the Palma Rima. Kololi is monitored by the Gambia Tourist Police.
The Gambia is Europe’s closest tropical destination and Africa’s smallest nation, lying along the mangrove- and jungle-tangled banks of the Gambia river, and stretching from a short Atlantic coastline of sandy beaches into the heart of West African sahel.The gambia is the holiday destination, especially for winter sun holidays, for tourists from all over Europe.
This property is located on the beach front in the main tourist area known as Palme Rima. The plot is 80 m by 212m and is fenced on all sides.
14 x 1 bedroom apartments
14 x studios
7 x 2 bedroom apartments
There is a further strip of vacant land with space for a similar development or a number of individual properties.
Kololi is a resort town on the shore of the Atlantic Ocean in Gambia. Kololi is the main tourist area of the Gambia, with the main hotels such as the Senegambia and the Palma Rima. Kololi is monitored by the Gambia Tourist Police.
The Gambia is Europe’s closest tropical destination and Africa’s smallest nation, lying along the mangrove- and jungle-tangled banks of the Gambia river, and stretching from a short Atlantic coastline of sandy beaches into the heart of West African sahel.The gambia is the holiday destination, especially for winter sun holidays, for tourists from all over Europe.
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