68 Packhorse Road, Gerrards Cross, SL9 8EF

FREEHOLD TOWN CENTRE RETAIL & RESIDENTIAL INVESTMENT FOR SALE TOWN CENTRE ATTRACTIVE RETAIL UNIT & TWO FLATS GROSS YIELD c. 7.3%, NET YIELD c. 6.9% CORNER POSITION LOCATION The property is situated in the vibrant heart of Gerrards Cross at the junction of Packhorse Road and Oak End Way - a highly prominent town-centre position. Street car parking is available close by, as are several public car parks, and the mainline railway station is 3 minutes' walk away. Gerrards Cross is an affluent small town just off the A40 to the west of London and sits 4 miles east of Beaconsfield and junction 2 of the M40. DESCRIPTION The property comprises a highly prominent retail unit with a return frontage, and two large 2-bed flats with a separate residential entrance in Oak End Way. The ground floor tenant, Heidi & Hudson, have been in occupation for 14 years. The shop is beautifully presented. TENANCIES The retail unit is let for a term of 15 years from March 2012 with 5 yearly rent reviews and on effectively fully repairing terms, at a current rent of £42,500 p.a. The flats are let at £20,100 p.a. and £18,000 p.a. on Assured Periodic Tenancies. Total income stands at £80,600 p.a. Early discussions have started about extending the retail lease. EPCs The shop is a C. Flat 68a is an E and 68b is a D. TERMS We are seeking offers in excess of £1,100,000 for the freehold interest in the building. VIEWINGS Strictly by arrangement with sole agents. For more information, email philip@pmcd.co.uk or phone 01494 683642