114/114a High Street Chesham Buckinghamshire HP5 1EB

114/114a High Street
Chesham
Buckinghamshire
HP5 1EB

Freehold Retail Investment with Residential Ground Rent

Shop let to tenant trading as The Junction Eatery
Shop lease expires November 2028 (subject to option)
November 2021 tenant break option not exercised
Flat above let on long lease
Nearby occupiers include Waitrose, Sainsbury's, Boots The Chemist, Superdrug, WH Smith, Greggs and Costa Coffee

Lot
5
Auction
3rd November 2022
Rent
£20,050 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Retail Investment with Residential Ground Rent

Shop let to tenant trading as The Junction Eatery
Shop lease expires November 2028 (subject to option)
November 2021 tenant break option not exercised
Flat above let on long lease
Nearby occupiers include Waitrose, Sainsbury's, Boots The Chemist, Superdrug, WH Smith, Greggs and Costa Coffee

Lot 5
Auction 3rd November 2022
Rent £20,050 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 11 miles south-east of Aylesbury, 25 miles north-west of Central London
Roads: M1, M4, M25, M40
Rail: Chesham Underground Station (Metropolitan Line)
Air: London Luton Airport, London Heathrow Airport

Situation

The property is located in a prominent trading position on the High Street, close to its junction with The Broadway. Nearby occupiers include Waitrose, Sainsbury's, Boots The Chemist, WH Smith, Greggs, Costa Coffee and Superdrug.

Tenure

Freehold.

Location

Miles: 11 miles south-east of Aylesbury, 25 miles north-west of Central London
Roads: M1, M4, M25, M40
Rail: Chesham Underground Station (Metropolitan Line)
Air: London Luton Airport, London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a coffee shop arranged on the ground floor and a self-contained flat arranged on the first floor, let on a long lease.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Description

The property comprises a coffee shop arranged on the ground floor and a self-contained flat arranged on the first floor, let on a long lease.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review
Ground	Retail/Coffee Shop	98.93	(1,065)	M. DROZDYNSKI & L.HORTON (t/a The Junction Eatery) (2)	10 years from 30/11/2018 (3)	£20,000	30/11/2023
First	Residential Flat	-	(-)	AN INDIVIDUAL	125 years from 07/11/1991	£50
Total Commercial Floor Area		98.93	(1,065)			£20,050

(1) Areas provided by VOA (www.gov.uk/business-rates)
(2) There is a rent deposit of £4,625 + VAT held by the landlord
(3) The lease is subject to a tenant only option to determine on 30/11/2026.

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.