30 White Hart Street & 3 Bull Lane High Wycombe Buckinghamshire HP11 2HL

  • 30 White Hart Street & 3 Bull Lane<br>High Wycombe<br>Buckinghamshire<br>HP11 2HL

30 White Hart Street & 3 Bull Lane
High Wycombe
Buckinghamshire
HP11 2HL

Freehold Retail Investment

  • Majority let to Blacks Outdoor Retail Limited t/a Millets – a part of JD Sports Fashion plc until 2024 (subject to option)
  • Comprises two retail units – totalling approximately 419.39 sq m (4,515 sq ft)
  • Well located adjacent to the major Eden Shopping Centre
  • Affluent London commuter town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    12
  • Auction
    11th February 2016
  • Rent
    £60,464 per Annum Exclusive
  • Status
    Sold
  • Price
    £770,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte
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Freehold Retail Investment

  • Majority let to Blacks Outdoor Retail Limited t/a Millets – a part of JD Sports Fashion plc until 2024 (subject to option)
  • Comprises two retail units – totalling approximately 419.39 sq m (4,515 sq ft)
  • Well located adjacent to the major Eden Shopping Centre
  • Affluent London commuter town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 12
  • Auction 11th February 2016
  • Rent £60,464 per Annum Exclusive
  • Status Sold
  • Price £770,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte

Property Information

Location
Miles
7 miles north-west of Beaconsfield, 8 miles south-west of Amersham, 28 miles north-west of Central London
Roads
A40, A404, M40 (Junctions 3 & 4)
Rail
High Wycombe Railway Station
Air
London Heathrow Airport
Situation

The property is situated in a prominent corner position in the heart of the pedestrianised town centre, at the junction of White Hart Street and Bull Lane. The property is situated adjacent to an
entrance to the major Eden Shopping Centre, housing occupiers including House of Fraser, Boots the Chemist, BHS, Next, H&M, Zara, Topshop/Topman and Superdrug.

Tenure

Freehold.

Location
Miles
7 miles north-west of Beaconsfield, 8 miles south-west of Amersham, 28 miles north-west of Central London
Roads
A40, A404, M40 (Junctions 3 & 4)
Rail
High Wycombe Railway Station
Air
London Heathrow Airport
Situation

The property is situated in a prominent corner position in the heart of the pedestrianised town centre, at the junction of White Hart Street and Bull Lane. The property is situated adjacent to an
entrance to the major Eden Shopping Centre, housing occupiers including House of Fraser, Boots the Chemist, BHS, Next, H&M, Zara, Topshop/Topman and Superdrug.

Tenure

Freehold.

Description

The property comprises two ground floor retail units with retail and ancillary accommodation on the first floor. 30 White Hart Street benefits from frontages to both White Hart Street and Bull Lane.

Six Week Completion

Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these
particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two ground floor retail units with retail and ancillary accommodation on the first floor. 30 White Hart Street benefits from frontages to both White Hart Street and Bull Lane.

Six Week Completion

Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these
particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
30 White
Hart Street		 Ground
First		 Retail
Retail/Ancillary
126.60 sq m
163.60 sq m
(1,363 sq ft)
(1,761 sq ft)
 BLACKS OUTDOOR
RETAIL LIMITED
(t/a Millets) (1)		 10 years from 10/11/2014
until 09/11/2024 (2)		 £50,000
(3)		 10/11/2019
3 Bull Lane Ground Retail/Ancillary
129.19 sq m
(1,391 sq ft)
 INDIVIDUAL
(t/a Phoneland)		 Tenancy at Will (4) £10,464.55
(5)		  
Totals    
419.39 sq m
(4,515 sq ft)
     £60,464.55

1) Blacks Outdoor Retail Limited is a subsidiary (and part of The Outdoor Division) of JD Sports Fashion plc. It currently trades from around 80 Millets and 74 Blacks stores. JD Sports Fashion plc are expanding Blacks Outdoor Retail Limited through corporate and single shop acquisitions, most recently acquiring Oswold Bailey Limited. (Source: www.jdplc.com and www.millets.co.uk).
(2) The lease provides for a tenant option to determine on 9th November 2019.
(3) The current rent reserved under the terms of the lease is £25,000 p.a.x, the rent will increase to £50,000 p.a.x on 10th February 2016.
(4) Heads of Terms have been agreed with the tenant for a new 10 year lease (subject to a schedule of condition) at a rent of £10,000 p.a.x with a rent review and tenant option to determine in the 5th year. The tenant will be required to pay to the landlord a 3 month rent deposit on completion of the lease.
(5) The tenant occupies the unit on a Tenancy at Will at a rent of £28.67 per day. The rent stated above has been annualised.

Contacts

Seller's Solicitors
Olswang LLP 2nd Floor, The Blade Abbey Square
Reading
RG1 3BE
Carol Griffin 0207 071 7357carol.griffin@olswang.com  Lia Machado 020 7071 7308lia.machado@olswang.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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