This is a modern purpose built property constructed in the late 1980s and provides two retail units to the ground floor with two self-contained residential units above. There is a large tarmacked area to the side of the property providing parking for 10 vehicles. There are two small landscaped gardens to the rear of the building which are used by the flat occupants.
( Agency Pilot Software ref: 1441 )
Location
The premises are situated on the A4128 Cryers Hill Road approximately 2.5 miles north of High Wycombe town centre and approximately 2 miles south of Prestwood. The surrounding uses are predominantly residential although there is a school, convenience store and public house almost opposite and Binders Industrial Estate is located close by
Accommodation
Shop 1 - 55.00 m2 (68.00 m2 )
Shop 2 - 597 sq. ft. (736 sq. ft.)
Terms
PURCHASE PRICE Our clients seek £425,000 for their freehold interest. VAT is not applicable.
DUE DILIGENCE Any interested parties will be required to provide company information and proof of funds to comply with anti money laundering legislation.
ENERGY PERFORMANCE RATING Shop 1 – B49 Unit 3 Flat – C-71 Shop 2 – TBC
LEGAL COSTS Unit 4 Flat - TBC Each party is to be responsible for their own legal costs incurred in the transaction
Specification
Shop Unit 1:
Tenant: Term: Commencement: Rent: Repair: Framing Gallery Limited 10 years 26th May 2021 £10,500 per annum.
Effectively full repairing and insuring Break Clause: Rent Review: Rolling break provision by the tenant only on or after the fifth anniversary of the term commencement date. Year 5, upwards only. Security of Tenure: The lease is inside The Act.
Shop Unit 2:
Tenant: Term: Commencement: Rent: Break Clause: Rent Review: The Car Paint Company Limited 10 years 1st August 2016 £12,500 per annum. Fifth anniversary of the term, with a minimum of six months prior written notice. Year 5, upwards only