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
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.
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.
