162 / 164 Desborough Road High Wycombe Buckinghamshire HP11 2QA

162 / 164 Desborough Road
High Wycombe
Buckinghamshire
HP11 2QA

Freehold Retail and Residential Ground Rent Investment

Mixed commercial/residential main road location
Affluent London commuter town
Shop let to Coral Racing Limited on a lease expiring 2027
Minimum uplift in June 2021 to £20,415 per annum (1)
VAT-free investment

Lot
74
Auction
18th October 2018
Rent
£18,144 per Annum Exclusive
Status
Sold
Price
£247,500
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail and Residential Ground Rent Investment

Mixed commercial/residential main road location
Affluent London commuter town
Shop let to Coral Racing Limited on a lease expiring 2027
Minimum uplift in June 2021 to £20,415 per annum (1)
VAT-free investment

Lot 74
Auction 18th October 2018
Rent £18,144 per Annum Exclusive
Status Sold
Price £247,500
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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

High Wycombe is an affluent London commuter town located 28 miles north-west of central London, 7 miles north-west of Beaconsfield and 1 mile north of the M40 motorway. The property is located in a mixed commercial/residential suburb 600 metres north-west of the town centre. Desborough Road is one of the main arterial routes into the town centre. The property is located on Desborough Road, close to its junction with Westbourne Street opposite the Guildmaster Court residential development. Nearby occupiers include a number of local traders.

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

Tenure

Freehold.

Description

The property comprises a ground floor shop with a self contained two bedroom flat above.

VAT

VAT is not applicable to this lot.

EPC

Description

The property comprises a ground floor shop with a self contained two bedroom flat above.

VAT

VAT is not applicable to this lot.

EPC

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Retail	100.94 sq m	(1,086 sq ft)	CORAL RACING LIMITED (2)	16 years from 28/02/2011 on a full repairing and insuring lease	£18,044	2021 (1) (minimum increase to £20,415 pa)
First	Residential	2 bedroom flat		INDIVIDUAL	99 years from 01/12/1994	£100	Every 33 years, rising to £150 pa in 2027 and £200 in 2060
Total		100.94 sq m	(1,086 sq ft)			£18,144

(1) The rent review in 2021 is to a minimum of 2.5% pa compounded annually (£20,415) or OMRV.
(2) For the year ended 31st December 2016, Coral Racing Limited reported a turnover of £867,406,000, pre-tax profits of £91,174,000 and a net worth of £54,538,000 (Source:- Experian 17/09/2018). Coral trades from over 1,800 shops in the UK (Source:-www.coral.co.uk).