Chancerygate’s Post

A NEW DAY DAWNS 240 Ulster Street, Whitiora A new day dawns for the ‘Sunrise Motel’ which is undergoing extensive refurbishment and strengthening work. After a change in direction, the commitment has been made by the owners to sell down one of the properties in their portfolio. This opportunity is offered up for sale, but it may not last. Being sold with vacant possession, an astute buyer can purchase this ‘brick and mortar’ freehold property. Build the business up for cashflow or on-sell the business and keep the investment nest egg. Along with moteliers, given the size and scale of the property, this offer could suit add-value investors, community and social housing providers, land bankers, or developers. Located within walking distance to the CBD, this property offers easy access to supermarkets, shops, river walks, and Waikato Stadium. Ulster Street is known as Hamilton's 'Motel Mile' and is recognised as a blue-chip investment location. Sunrise Motel features 13 brick and aluminium units and a favourable single-level construction. Situated on a large, flat 2,039sqm freehold title, zoned high-density residential, this may lead to future redevelopment opportunities. A rare zoning overlay here supports visitor accommodation in NZ’s fastest-growing region. Hamilton City requires more quality short-term accommodation, providing the buyer with great prospects. All the refurbishment work is to be completed by the current owners before settlement. A strategic investment the buyer of this asset could benefit from long-term gains and substantial cashflow. Call the exclusive agent, Vaughan Heslop, today for further information.

The City of Toronto is moving towards promoting smaller-scale retail in existing residential neighbourhoods. This stretch of Hamilton's James St. S. provides some idea of what that could look like. While James St. is a major street in Hamilton (equivalent to Yonge St. in Toronto), there are still sections where the buildings look a lot more residential, like this stretch (as there are on Yonge). And while these buildings may have hosted office space or shops (in addition to housing) for many years, there was still a lot of valuable space being taken up by front lawns. As you can see from the picture, many of these buildings now have additions which bring the commercial space right up to the sidewalk, make for a much more interesting streetscape, and of course add significant extra commercial square footage. This is what I was looking to see happen on Dupont Street in Toronto, but there are also many other streets where something like this could work well. Would you like to see this kind of mixed use shopping street in your town or city? Do you already have one? If so please share in the comments :) #Commercial #Residential #SmallBusiness #MixedUse #ShopLocal #SupportLocal #HamOnt #Toronto #Tkaronto #RandomMusings

🏢 Freehold Whole Building With Development Upside in Chatswood CBD Discover the unparalleled potential of a whole building on Victoria Avenue, Chatswood – a rare gem in the heart of one of Sydney’s most vibrant commercial hubs. Strategically positioned just 160 metres from the Chatswood Transport Interchange, this freehold whole building offers exceptional connectivity and exposure. It boasts dual street access with convenient parking at the rear, ensuring ease of access for both tenants and customers. Key Points: • Prime Location: Situated in the bustling Chatswood CBD, known for its dynamic mix of commercial, retail, and entertainment options. • Transport Connectivity: Enjoy seamless access to major transport hubs, including the Chatswood Transport Interchange, offering convenient connections across Sydney. • Development Potential: Benefit from a DA approved 4-level commercial development, presenting an opportunity for expansion and growth. • Versatile Usage: Suitable for a variety of uses, providing flexibility for investors and developers to capitalize on the property’s potential. Investment Opportunity: This freehold building on Victoria Avenue represents a unique opportunity to acquire a freehold whole building with significant development upside in Chatswood – a coveted location known for its vibrant atmosphere and thriving business community. Don’t miss out on this rare chance to secure your stake in one of Sydney’s most sought-after commercial precincts. Contact Plus Agency today for more information or to arrange an inspection. #Chatswood #CommercialRealEstate #InvestmentOpportunity #PropertyDevelopment #ChatswoodCBD #SydneyProperty #FreeholdProperty #PlusAgency

Cited Property are instructed to sell the House of Fraser in Darlington. Darlington is a historic and industrial market town in the County of Durham, England. Renowned for its engineering industries, award-winning theatre and arts venues.     The subject property is situated in a commanding, corner position at the junction of Blackwellgate and High Row at the southern end of the town’s main retailing area. Thanks to its substantial footprint, the property also benefits from frontages on to Blackwellgate and Mechanics Yard. It is located less than 200 metres from the Cornmill Shopping Centre which is the town’s main shopping destination. Other nearby occupiers include Boyes, Greggs, Caffe Nero and the popular Darlington Covered Market. The property is formed by several buildings that have been amalgamated to provide the current arrangement. The department store totals approximately 145,556 sq ft (GIA) and is arranged over lower ground, ground and four upper floors. The subject property is on a licence to occupy to House of Fraser. The licence was signed in 2021 by SDI (PROPCO 37) Limited. House of Fraser are currently trading from the property by way of a license to occupy. The license is determinable by both landlord and licensee at any point subject to not less than 3 months’ notice. The subject property is a local and cultural landmark that could be suited to an array of alternative uses, subject to planning and feasibility. We believe options include: • New Lease – either with the existing or an alternative occupier on the current demise. • Mixed-Use Redevelopment – we believe the ground floor could be reconfigured to provide a combination of high-quality retail and leisure units. The upper parts could then be repurposed for either residential, office or hotel use. • Leisure – there are numerous requirements for large town centre space from indoor entertainment and experiential leisure occupiers. • Cultural, Health & Community – working alongside the local authority to capitalise on the advancing regeneration of Darlington town centre and repurposing one of the town’s most iconic buildings to a community use. We are instructed to seek offers in excess of £1,000,000, subject to contract and exclusive of VAT. A purchase at this level would reflect a capital value per sq ft of just £6.87. For further information, please get in contact with Benjamin Wood or Bradley Maher. #darlington #retail #sale #assetmanagement #durham #property #commerical #opportunity #getintouch

Finalist for the D CEO 2024 Commercial Real Estate Awards . . . The Loop Dallas: A Real Estate Trailblazer! CONNECTING DALLAS TO DALLAS Dedication, tenacity and perseverance are required for public-private partnerships. The Loop Dallas is possible because of a trail-blazing collaboration between the City of Dallas, Dallas County, Texas Department of Transportation and private donors. The result is a $135 million legacy asset and amenity that makes Dallas stand apart when you travel by trail. The Loop Dallas is connecting Dallas to Dallas in new, exciting ways. The project will link 39 miles of existing, disconnected trails to create a 50-mile circuit around the city and offer residents and visitors a full experience of the city’s diverse landscapes. Nine of those 11 new miles will be complete or under construction in 2024. Trails help walkers, runners and bike riders connect to parks and places to work, shop and dine and are a vital part of urban life. And research shows that for every $1 invested in trails Dallas receives a $50 ROI in economic impact. That’s a trailblazer. theloopdallas.org Read all about it from Christine Perez, Editor of D CEO and the fellow 102 finalists! Board: Jeff Ellerman | Chairman, Board of Directors Rick Perdue | President, Board of Directors Larry Dale Dale Operating Company | Treasurer, Board of Directors Terrence Maiden | Board Of Directors Linda Owen | Board Of Directors Vana Hammond Parham | Board Of Directors Mike Terry | Board Of Directors Philip Hiatt Haigh | Executive Director Keith Bjerke | Program Manager Allyn Media | Communications ABOUT THE LOOP DALLAS The Loop Dallas is working closely with City of Dallas, Dallas Park and Recreation, Dallas County, private donors and corporate partners to make green space available throughout Dallas and increase access to public transportation with a focus on equity. Thanks to public investment and partnership, and private dollars and leadership, The Loop Dallas will unite Dallas with a city-wide bike and pedestrian active transportation system that joins 39 miles of existing trails in Dallas with 11 miles of newly built trails. These final 11 miles are the most complex and costly to deliver which is why a public private partnership is so important. It is a legacy amenity that will benefit Dallas for generations. #AllynMedia #CTC #TheLOOP #Trails #GetOutside #TransportationResiliency #Trails #GetOutside #CapitalRaising #PR #PublicRelations #AwardWinning #PublicAffairs #DallasTrails #Dallas #DallasPR #DallasNews #Architecture  #CityOfDallas #DallasParkAndRec #Investment #Design #Transportation #UrbanDesign Jennifer Pascal, MPA Katie Chiu Dr. Sana Syed

🏘️ From Mall to Masterpiece: The Transformation of Collin Creek Mall 🏗️ What used to be Plano's iconic Collin Creek Mall is now turning into a stunning new community! A row of sleek blue townhomes has sprung up as part of Centurion American’s $1 billion redevelopment project. Homes are officially for sale with move-in ready units available this month! This master-planned community is bringing 500 single-family homes, 2,300 multi-family units, and 300K sq. ft. of retail and restaurant space to the area, marking a major milestone for Plano’s growth. While we don’t recommend investing in Plano due to higher price points, it’s projects like these that show the power of what investing anywhere in the DFW metroplex can become. 🏙️ LEARN MORE ABOUT THE MARKETS WE RECOMMEND: https://lnkd.in/gXg4_-NV READ MORE: https://lnkd.in/gu92AdJx #DFWRealEstate #PlanoTX #CollinCreek #MetroplexInvesting #SlaughterInvesting

A fully integrated Ellison Construction and Ellison Development project breaks ground!

McLaren Living lands another £240m Reading site McLaren Living has been chosen as preferred bidder for the £240m Minster Quarter scheme in Reading. McLaren Living has appointed a preferred bidder for the £240m Minster Quarter scheme in Reading. The site will provide 612 homes, a 100-bed hotel, and 20,000 square feet of commercial space alongside Reading Borough Council. The Minster Quarter win is all the more tangible a week ahead of when placemaking specialists McLaren Living disclosed it would develop the adjoining Broad Street Mall area to form another mixed-use local community inside Reading’s town centre. Jobs at Minster Quarter will briefly demolish the old Civic Centre site to develop a whole new district. However, the Broad Street Mall scheme will have 600 build-to-rent housing flats and 15000 square feet of commercial, retail, and leisure space. The site will deliver 612 homes alongside a 100-bed hotel and 20,000 sq ft of commercial space in partnership with Reading Borough Council. The Minster Quarter win comes just weeks after McLaren Living revealed it would redevelop the adjacent Broad Street Mall to create a new mixed-use neighbourhood in Reading’s town centre. Work at Minster Quarter will transform the town’s former Civic Centre site into a new neighbourhood, while the Broad Street Mall development will contain 600 build-to-rent flats and 15,000 sq ft of commercial, retail and leisure space. Despite the project’s promising outlook, the proposed percentage of affordable housing within the Minster Quarter has sparked debate. Councillor Rob White advocates for a 50% allocation, while council leader Jason Brock suggests a more feasible policy-compliant level of 30%. The final decision on this matter will significantly impact the project’s direction and potential to cater to a broader demographic. #constructionindustry #constructioncontracts #citydevelopment

🔊As Tamworth Borough Council progress plans for the town centre Future High Streets project, work on St Editha’s Square will start from 11 November, but the traders and businesses still remain very much OPEN. ➡️To allow the work, all street traders and market traders who use the square are temporarily moving to other parts of the town. ➡️The last day of market trading on St Editha’s square is Saturday 9 November, after this date market traders that use the square will relocate to temporary locations on Lower Gungate or George Street. ➡️Traders relocating to Lower Gungate are Spudman, Jerk Chicken, Gaytons Bakery, vape stall and the pet stall. ➡️On market days, the carpet stall, butcher and fish van will temporarily move to George Street. ➡️The last day of trading for street traders is Friday 8 November. This will mean that Spudman, vape stall and pet stall, will be open for business at their new temporary location on Lower Gungate. ➡️Businesses operating around St Editha's Square still remain open. Read more here: https://lnkd.in/er4btfTR