7/7a Queen Victoria Road, High Wycombe, HP11 1BA

The property comprises part of a terrace of properties constructed in 1933. Internally, the property provides an opticians located on the ground floor with an orthodontist practice over the first and second floors, both businesses are self contained.



The ground floor provides a retail area and reception to the front, leading to offices and stores to the rear. The first and second floors provide a waiting room and office to the first floor with surgery accommodation to the second floor. There is storage located within the attic and a basement that is accessed externally at the rear of the building.



There is future potential to convert the upper parts to residential subject to the normal planning consents.





INVESTMENT SUMMARY:



The property is currently fully occupied, the ground floor retail accommodation is let to David Anthony Williams Ltd operating as an opticians at a rent of £14,000 per annum from 6th December 2016 for a 10 year term.



The first and second floors of the property are to let to Impressions Orthodontics Limited at a rent of £16,000 per annum from 1st April 2016 for a 15 year term. There is a tenant only break option on 1st April 2026, operable with a minimum of six months' prior written notice. There is also a rent review on 1st April 2026.



Both leases are inside the Landlord and Tenant1954 Act so the tenants have the automatic right to a new tenancy at the end of the term.



DUE DILIGENCE:



Any interested parties will be required to provide company information and proof of funds to comply with anti-money laundering legislation.




( Agency Pilot Software ref: 1124 )