2 / 3 Bull Lane High Wycombe Buckinghamshire HP11 2DL

2 / 3 Bull Lane
High Wycombe
Buckinghamshire
HP11 2DL

Freehold Retail Investment (with Development Potential on First Floor)

Entirely let to Coral Estates Limited
Separate access to the first floor (not currently used) from the front with potential to convert to residential (subject to lease and consents)
Asset management opportunities
VAT-free investment
Close to the Eden Shopping Centre which includes retailers such as Zara, Gap, Superdry, Lush, Tesco and Marks & Spencer, and restaurants including Wagamama, Nando's, Pizza Express and Burger King
Important Buckinghamshire commuter town

Lot
17
Auction
12th February 2020
Rent
£44,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Freehold Retail Investment (with Development Potential on First Floor)

Entirely let to Coral Estates Limited
Separate access to the first floor (not currently used) from the front with potential to convert to residential (subject to lease and consents)
Asset management opportunities
VAT-free investment
Close to the Eden Shopping Centre which includes retailers such as Zara, Gap, Superdry, Lush, Tesco and Marks & Spencer, and restaurants including Wagamama, Nando's, Pizza Express and Burger King
Important Buckinghamshire commuter town

Lot 17
Auction 12th February 2020
Rent £44,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

Property Information

Location

Miles: 6 miles north-west of Beaconsfield; 27 miles south-east of Oxford; 28 miles north-west of London
Roads: A40, M40 (J4)
Rail: High Wycombe
Air: London Heathrow

Situation

High Wycombe is an important Buckinghamshire commuter town located 28 miles north-west of London, six miles north-west of Beaconsfield and one mile north of junction 4 of the M40 motorway. The property is located on the west side of the pedestrianised Bull Lane, just a short walk to Eden Shopping Centre, with retailers including Zara, Gap, Superdry, Lush, Tesco and Marks & Spencer, and restaurants including Wagamama, Nando's and Burger King. Other nearby retailers include Primark, Millets, Greggs and Sports Direct.

Tenure

Freehold.

Location

Miles: 6 miles north-west of Beaconsfield; 27 miles south-east of Oxford; 28 miles north-west of London
Roads: A40, M40 (J4)
Rail: High Wycombe
Air: London Heathrow

Situation

Tenure

Freehold.

Description

The property comprises a ground floor betting office with ancillary accommodation on the first floor (not currently used by the tenant) that is accessed separately from the front.

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Description

The property comprises a ground floor betting office with ancillary accommodation on the first floor (not currently used by the tenant) that is accessed separately from the front.

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First	Retail Ancillary	129.19 sq m 79.40 sq m	(1,391 sq ft) (855 sq ft)	CORAL ESTATES LIMITED (1)	15 years from 23/03/2007 on a full repairing and insuring lease	£44,000
Total		208.59 sq m	(2,246 sq ft)			£44,000

(1) For the year ending 31st December 2017, Coral Estates Limited reported a turnover of £11,680,000, pre-tax profits of £3,416,000 and a total net worth of £34,771,000 (Source: Experian Group 07/01/2020). Coral operates from over 1,800 betting shops throughout the UK (Source: www.theguardian.com 07/01/2020).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.