6/7 The Broadway, Penn Road, Beaconsfield, HP9 2PD

FREEHOLD RESTAURANT and HMO INVESTMENT WITH DEVELOPMENT POTENTIAL FOR SALE
GROUND FLOOR NEWLY LET TO MEGANS
FULLY LET 1ST and 2ND FLOOR HMO
2 x 1 BED FLATS
APPROX 6.5% NET YIELD
CAN BE SOLD SEPARATELY

LOCATION
Beaconsfield lies close to junction 2 of the M40 and benefits from a fast rail service to London from its mainline station, very near to the property. The premises are located in a prominent, central location in Beaconsfield New Town, close to Waitrose, in a parade which includes Toni and Guy and Nationwide, and within a good restaurant pitch. Nearby leisure uses include Beech House (Oakman Inns), Koyo (Japanese tapas) and Fego.

DESCRIPTION
The property comprises a three-storey end of terrace building with recently let ground floor restaurant (opening soon as 'Megans') first and second floor 7-room HMO with separate access and 2 one-bed flats. Approximate areas:
Restaurant: 322 m2 (3468 ft2) GIA plus forecourt of approx. 1000 ft2
1st/2nd Floor: 7 letting rooms, 2 x 1bed flats, approx. 275 m2 (2960 ft2) GIA

TENANCIES
The ground floor of the property is let to Shakshorizo Ltd, t/a Megans, with a guarantee from parent company, Chelsea Fine Food Ltd on a lease for a term of 25 years with 5 yearly rent reviews and with tenant options to break at year 11 and 5 thereafter yearly at a commencing rent of £120,000 p.a.x. 1st/2nd floor HMO and flat lettings are short term agreements producing approximately £92,700 p.a. which we are informed nets back to circa £85,000 p.a.
Copy documentation available on request.

EPC
TBC.

TERMS
£2,950,000 for the freehold interest.

LEGAL COSTS
Both parties' legal costs to be borne by the purchaser.

( Agency Pilot Software ref: 501 )