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

FREEHOLD RESTAURANTINVESTMENT FOR SALE

NEWLY LET TO MEGANS
11 YEARS TO FIRST BREAK
6.5% NET INITIAL YIELD
PART OF A MIXED-USE SCHEME (OTHER PARTS POTENTIALLY AVAILABLE)

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. Other 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 the upper and rear areas 'sold off' on long leases. Recently let to Shakshorizo Ltd, t/a
Megans, extensive shopfitting is about to commence to provide approximate areas:
Restaurant: 322 m2 (3468 ft2) NIA
A forecourt of approximately 1000 ft2 suitable for outside dining.

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. Copy
documentation available on request.

EPC
To be assessed on completion of tenant's fit out.

TERMS
We are seeking offers in excess of £1,750,000 for the freehold interest.

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

( Agency Pilot Software ref: 503 )