16 / 17 Market Square
Buckingham
Buckinghamshire
MK18 1NW

Freehold Retail Investment

  • Let to WH Smith Retail Holdings Limited until 2025 (no breaks)
  • Prominent position on Market Square
  • Affluent market town
  • Nearby occupiers include Oxfam, Boots Opticians, Lloyds Bank and Costa
  • Lot
    35
  • Auction
    11/Jul/2018
  • Rent
    £30,401 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the instructions of Orbit Property Management
Important Property Update
  • 16 / 17 Market Square<br>Buckingham<br>Buckinghamshire<br>MK18 1NW
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Property Information

Location
Miles
20 miles north-east of Oxford, 50 miles south-east of Birmingham, 50 miles north-west of London
Roads
A422, A421, A43, M40
Rail
Milton Keynes Central
Air
Luton Airport
Situation

Buckingham is an affluent and thriving market town situated 20 miles north-east of Oxford. The property is situated in a prominent position on the north side of Market Square, which in turn connects to High Street. Nearby occupiers include Oxfam, Boots Opticians, Lloyds Bank and Costa.

Tenure

Freehold.

Description

The property is an attractive Grade II listed building comprising a ground floor retail unit with basement ancillary accommodation. The first and second floors comprise self-contained residential accommodation which has been let on long leases.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completions

EPC

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
Basement
Retail
Ancillary
153.69 sq m
90.01 sq m
(1,654 sq ft)
(969 sq ft)
WH SMITH
RETAIL
HOLDINGS
LIMITED (1)
Approx 21 years and
10 months from
11/06/2003 until
29/04/2025 on an
effective full repairing
and insuring lease (2)
£30,40011/06/2018
and
11/06/2023
First
Second
Residential
Residential
Not measured
Not measured
DAUBER HOMES
MANAGEMENT
LIMITED
999 years from
16/06/2004 until
15/06/3003
£1 
Total
243.70 sq m
(2,623 sq ft)
  £30,401 

(1) For the year ending 31 August 2017, WH Smith Retail Holdings Limited reported a turnover of £181,024,000, pre-tax profits of £67,219,000 and a total net worth of £449,954,000 (Source: Experian Group 15/06/2018).
(2) For the purpose of clarification, the current lease is for a term of 15 years expiring 10/06/2018, however a reversionary lease has been signed from expiry of the current term until 25/11/2025.

Property Documents

  • Catalogue Page
    Updated Date
    19.06.18
    File Size
    860 KB
    View PDF
  • Site Plan
    Updated Date
    19.06.18
    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
Pinsent Mason LLP 1 Park Row
Leeds
LS1 5AB
Sherrie Roberts 0113 294 5276sherriemarie.roberts@pinsentmasons.com

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