15 Duke Street
Princes Risborough
Buckinghamshire
HP27 0AT

Freehold Retail Investment

  • Two Retail Units with Two Residential Flats (one sold off on Long Lease)
  • Future Development Potential (subject to consents)
  • Attractive Market Town Location
  • VAT Free Investment
  • Lot
    43
  • Auction
    13/Jul/2017
  • Rent
    £18,650 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 15 Duke Street<br>Princes Risborough<br>Buckinghamshire<br>HP27 0AT
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Property Information

Location
Miles
20 miles east of Oxford, 40 miles north-west of Central London
Roads
A4010, M40
Rail
Princes Risborough (38 mins to London Marylebone)
Air
London Heathrow, London Luton
Situation

Princes Risborough is a market town in Buckinghamshire with good links to Central London (38 minutes to London Marylebone by train). The property is located on the western side of Duke Street, which connects the town's Tesco Superstore to the north with the High Street and Market Square to the south. Nearby occupiers include Boots Opticians, Coral and TSB, as well as a number of independent retailers.

Tenure

Freehold.

Description

The property comprises two ground floor retail units with two residential flats. The ground floor flat is let on an Assured Shorthold Tenancy and benefits from a garden area and future development potential (subject to consents). The first and second floor maisonette has been sold off on a long lease.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

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 advisable. For more information, please click here.

Tenancy & Accomodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
15BGroundRetail
16.70 sq m
(180 sq ft)
INDIVIDUALS t/a
Safir Jewellers (1)
6 years from
23/06/2013
£5,00022/06/2019
15CGroundRetail
20.00 sq m
(215 sq ft)
INDIVIDUALS
t/a KC Barbers
5 years from
04/03/2013
£5,50003/03/2018
15GroundResidential
1 Bedroom Flat
INDIVIDUAL1 year AST
from
17/02/2017
£8,10017/02/2018
15First and
Second
Residential
1 Bedroom Maisonette
INDIVIDUALS189 years
from
24/06/1983
£5023/06/2172
Total 
36.70 sq m
(395 sq ft)
  £18,650 

(1) Established since 2001, Safir Jewellers is an independent jeweller (Source: www.safir.co.uk 15/06/2017).

Property Documents

  • Catalogue Page
    Updated Date
    21.06.17
    File Size
    851 KB
    View PDF
  • Site Plan
    Updated Date
    21.06.17
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Dentons UKMEA LLP 21 Station Road
Watford
WD17 1HT
Matthew Hind 020 7842 3311matthew.hind@dentons.com

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