Convenience Store Investment
Convenience Store Investment
The property is situated approximately 1 mile south of High Wycombe Town Centre, at the junction of the busy Daws Hill Lane and Eaker Street. The property is prominently located at the entrance of the new Taylor Wimpey housing estate, which provides some 430+ houses.
The local area benefits from numerous major schools such as Abbey View Primary School, St Michael’s Catholic School, Wycombe High School and John Hampden Grammar School; with continued residential development in the local vicinity.
Long Leasehold. Held for a term of 990 years from 1st January 2021 at a fixed rent of one peppercorn per annum exclusive.
The property is situated approximately 1 mile south of High Wycombe Town Centre, at the junction of the busy Daws Hill Lane and Eaker Street. The property is prominently located at the entrance of the new Taylor Wimpey housing estate, which provides some 430+ houses.
The local area benefits from numerous major schools such as Abbey View Primary School, St Michael’s Catholic School, Wycombe High School and John Hampden Grammar School; with continued residential development in the local vicinity.
Long Leasehold. Held for a term of 990 years from 1st January 2021 at a fixed rent of one peppercorn per annum exclusive.
The property comprises a substantial ground floor convenience store that benefits from car parking for approximately 7 cars.
This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given by the Receivers or the Auctioneers in respect of the information in these particulars or any matter relating to the property, including VAT. Any information provided is provided without liability on the part of the Receivers and Auctioneers for any reliance placed on it. The Receivers are acting without personal liability and are not bound to accept the highest or any offer.
Six Week Completion
B
The property comprises a substantial ground floor convenience store that benefits from car parking for approximately 7 cars.
This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given by the Receivers or the Auctioneers in respect of the information in these particulars or any matter relating to the property, including VAT. Any information provided is provided without liability on the part of the Receivers and Auctioneers for any reliance placed on it. The Receivers are acting without personal liability and are not bound to accept the highest or any offer.
Six Week Completion
B
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground | Convenience Store | 333.38 |
(3,588) |
INDEPENDENT RETAIL LTD (t/a Nisa) (CRN: 13735165)(1) | 20 years from 05/01/2022 | £87,000 |
05/01/2026, 05/01/2030 and 05/01/2035 |
| Total Approximate Floor Area | £87,000 |
(1) Nisa is a groceries wholesaler, operating almost 4,000 stores throughout the UK and aims to deliver benefits for independent retailers to help them grow their business in an increasingly competitive market (www.nisalocally.co.uk)
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.
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