Freehold Retail & Residential Ground Rent Investment in Affluent Market Town
Let to Crew Clothing Co. Limited
5 year lease from September 2022 (subject to option)
Affluent and attractive Buckinghamshire market town
Nearby occupiers include Cote, Whistles, Tesco Superstore and numerous independent retailers
Michelin starred Artichoke Restaurant close by
Lot 27
Auction 30th March 2023
Rent £35,150 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of LPA Receivers
Property Information
Location
Miles
8 miles north-east of High Wycombe, 29 miles north-west of Central London
Roads
A335, A413, M40
Rail
Amersham Overground Station, Amersham Underground Station (Metropolitan Line)
Air
London Heathrow
Situation
Amersham is an affluent and attractive market town within the London commuter belt, located within the Chiltern Hills. The town benefits from excellent access to London and the rest of the country via the A355, which leads to the M40 and M25 motorways. The property is prominently situated in Old Amersham on The Broadway, with the train station 0.9 miles away which gives access to central London via London Underground (Metropolitan Line) and Network Rail services. Nearby occupiers include Cote, Whistles, Tesco Superstore and numerous independent retailers. Street parking is available directly outside the property whilst Amersham Old Town car park & Tesco's car park provide many more spaces. Amersham Old Town is also home to the Michelin star restaurant Artichoke which is close by.
Tenure
Freehold.
Location
Miles
8 miles north-east of High Wycombe, 29 miles north-west of Central London
Roads
A335, A413, M40
Rail
Amersham Overground Station, Amersham Underground Station (Metropolitan Line)
Air
London Heathrow
Situation
Amersham is an affluent and attractive market town within the London commuter belt, located within the Chiltern Hills. The town benefits from excellent access to London and the rest of the country via the A355, which leads to the M40 and M25 motorways. The property is prominently situated in Old Amersham on The Broadway, with the train station 0.9 miles away which gives access to central London via London Underground (Metropolitan Line) and Network Rail services. Nearby occupiers include Cote, Whistles, Tesco Superstore and numerous independent retailers. Street parking is available directly outside the property whilst Amersham Old Town car park & Tesco's car park provide many more spaces. Amersham Old Town is also home to the Michelin star restaurant Artichoke which is close by.
Tenure
Freehold.
Description
The property comprises a ground floor shop together with self-contained residential accommodation on the first floor. The property also includes a small garden and garage to the rear which forms part of the demise of the first floor flat, all of which has been sold off on a 150 year lease.
Note
This property is being marketed for sale on behalf of LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Completion Period
6 week completion
EPC
EPC rating: C
Description
The property comprises a ground floor shop together with self-contained residential accommodation on the first floor. The property also includes a small garden and garage to the rear which forms part of the demise of the first floor flat, all of which has been sold off on a 150 year lease.
Note
This property is being marketed for sale on behalf of LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Completion Period
6 week completion
EPC
EPC rating: C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq. m.
Floor Areas Approx (sq. ft.)
Tenant
Term
Rent p.a.x.
Ground
Retail/Ancillary
78.30
(843)
CREW CLOTHING CO. LIMITED (2)
5 years from 02/09/2022 (3)
£35,000 (4)
First
Residential
-
(-)
AN INDIVIDUAL
150 years from 22/02/2008
£150
Total Commercial Area
78.30 (1)
(843) (1)
£35,150
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). (2) For the year ending 31st December 2021 Crew Clothing Co. Limited registered a turnover of £82,728,000, a pre-tax profit of £17,112,000 and shareholder funds of £22,284,000. (Northrow: 09/01/2023) Crew Clothing is a British clothing retailer that specialises in casual wear with 79 stores across the UK (https://www.crewclothing.co.uk). (3) As to the ground floor retail unit, the Lease provides for a tenant option to determine the lease on 02/09/2025. (4) As to the ground floor retail unit, the lease provides for a rent free period until 02/06/2023. The Seller will pay to the Buyer the rent that would have been due from completion of the sale to the end of the rent free period.
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.
