The shop is structurally open plan with rear servicing.
There is a self-contained 2/3 bedroom duplex apartment above. An assignment of our client's full repairing and insuring lease expiring 24 December 2030 with rent review in December 2020 and five yearly thereafter and Tenant option to break in August 2021. The rent is £40,000 per annum exclusive of business rates, building insurance, utilities, service charge and VAT (if applicable). The tenant will benefit from the rent receivable from the maisonette (currently £9,600 pa)
( Agency Pilot Software Ref: 161 )
Location
The unit currently forms part of Jungs Patisserie located on the west side of Packhorse Road next to Hob Salons, opposite M & S Simply Foods, COOK and Fego Cafe and close to Sainsbury's Local and Majestic Wine Warehouse. Jungs propose to release this unit and remain in the adjoining shop. The Post Office is nearby and the property is close to the Tesco superstore and Packhorse Road and Bulstrode Way Public car parks. Gerrards Cross is an affluent commuter town, conveniently located with good access to J2 M40 approx 3 miles, J1A M40 and J16 M25 approx 6 miles. The mainline station is served by the popular Chiltern Line with regular services to Birmingham and London Marylebone.
Accommodation
Approx floor area - 106.8 sq m (1,150sq ft)
Plus WC
Terms
TERMS - An assignment of our client’s full repairing and insuring lease expiring 24 December 2030 with rent review in December 2020 and five yearly thereafter and Tenant option to break in August 2021. The maisonette is currently sub-let at £800 per month (£9,600 pa).
RENT - £40,000 per annum exclusive of business rates, building insurance, utilities, service charge and VAT (if applicable). The tenant will benefit from the rent receivable from the maisonette (currently £9,600 pa)
EPC:
Shop: D (87) – issued 7 January 2017
Maisonette: D (56) – issued 20 November 2008
VAT - We understand that VAT is not currently chargeable on rental sums.
RATES - The retail premises currently have one Rateable Value with the adjoining unit No 9. This will need to be separated following completion. We anticipate the new rateable value should be around £26,000 with rates payable for the 18/19 tax year of approx £12,500.
The maisonette is within Council tax band C – 2018/2019: £1,553 payable We recommend you verify this with South Bucks District Council Billing Authority – 01895 837540.