An industrial storage facility suitable for owner/occupiers , developers or investors, available part income producing or with part or full vacant possession.
( Agency Pilot Software ref: 988 )
Location
Situated on High Wycombe’s principal Business Park approximately ½ mile from Junction 4 of the M40. High Wycombe town centre lies approximately 1 mile to the south and benefits from most major retailers, plus a Railway Station, which serves London Marylebone (quickest journey time approximately 30 minutes).
Accommodation
Ground Floor Factory 15,624 sq.ft. (1,451.00 sq.m)
Reception/offices 983 sq.ft. (91.32 sq.m )
Rear First Floor Offices/store 3,565 sq.ft. (331.00 sq.m )
Detached Rear Warehouse (Unit D) 3,448 sq.ft.( 320.00 sq.m )
TOTAL 23,622 sq.ft. (2,194.58 sq.m)
Terms
LONG LEASEHOLD INTEREST – A 125 year ground lease was entered into from March 2002 with five yearly upward only geared reviews. The gearing is 8.15% of the rack rental value of the premises. The current ground rent is £14,000 per annum with the next rent review due on 1st March 2022.
TENANCIES - The property has been sub-divided and currently leased on flexible terms, as set out below. Further information relating to the tenancies is available upon request. Unit A will be rented out at £3,250.00 per month, exclusive of business rates and utilities which the tenants pay. Unit B&C is rented out at £7,500 per month, exclusive of business rates and utilities which the tenants pay. Unit D is rented out at £2,650 per month, exclusive of business rates and utilities which the tenants pay.
PRICE – £2,750,000 with either full vacant possession or with the existing tenants in situ in part.
LEGAL COSTS - Each party to be responsible for their own legal costs.
VAT - Will not be applicable.
ENERGY PERFORMANCE RATING - D – 95.