Let to Kwik-Fit Properties Limited (guaranteed by Kwik-Fit Holdings Limited) until 2028
Well located on busy arterial route
Benefits from forecourt and parking for approximately 12 cars
Future redevelopment potential (subject to lease and consents)
Nearby occupiers include Ford, Volkswagen and Majestic Wine
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 23
Auction 11th February 2016
Rent £115,610 per Annum Exclusive
Status Sold
Price £1,755,000
Sector Motor Trade, Petrol Station
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
½ mile east of High Wycombe town centre, 7 miles north-west of Beaconsfield, 28 miles north-west of Central London
Roads
A40, A404, M40 (Junctions 3 & 4)
Rail
High Wycombe Railway Station
Air
London Heathrow Airport
Situation
The property is prominently situated on the north side of the major A40 trunk road leading to High Wycombe town centre to the west, a popular Buckinghamshire London commuter town, and the M40 Motorway to the south-east. Nearby occupiers include Ford and Volkswagen car dealerships and Majestic Wine.
Tenure
Freehold.
Location
Miles
½ mile east of High Wycombe town centre, 7 miles north-west of Beaconsfield, 28 miles north-west of Central London
Roads
A40, A404, M40 (Junctions 3 & 4)
Rail
High Wycombe Railway Station
Air
London Heathrow Airport
Situation
The property is prominently situated on the north side of the major A40 trunk road leading to High Wycombe town centre to the west, a popular Buckinghamshire London commuter town, and the M40 Motorway to the south-east. Nearby occupiers include Ford and Volkswagen car dealerships and Majestic Wine.
Tenure
Freehold.
Description
The property comprises a ground floor tyre depot with ancillary accommodation on the first floor and benefits from a roller shutter door and forecourt with parking for approximately 12 cars.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor tyre depot with ancillary accommodation on the first floor and benefits from a roller shutter door and forecourt with parking for approximately 12 cars.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First
Tyre Depot Ancillary
335.84 sq m 312.61 sq m
(3,615 sq ft) (3,365 sq ft)
KWIK-FIT PROPERTIES LIMITED (1) (guaranteed by Kwik-Fit Holdings Limited) (1)
30 years from 25/08/1998 until 24/08/2028 on a full repairing and insuring lease
£115,610.51
25/08/2018 & 25/08/2023
Totals
648.45 sq m
(6,980 sq ft)
£115,610.51
(1) Kwik-Fit are experts in automotive repair including tyres, MOT testing, car servicing, exhausts, brakes, and air-con. They are the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products in over 600 centres. (Source: www.kwik-fit.com)
Contacts
Seller's Solicitors
Band Hatton Button LLP 25 Warwick Road Coventry CV1 2EZ
