46 Sycamore Road Amersham Buckinghamshire HP6 5DR

46 Sycamore Road
Amersham
Buckinghamshire
HP6 5DR

Freehold Supermarket Investment in Affluent Buckinghamshire Commuter Town

Let to Waitrose Limited (t/a Little Waitrose)
15 year lease from September 2010
Tenant option to renew lease from September 2020 for 10 years at a commencing rent of £225,905 per annum rising to £261,886 per annum in September 2025
Approximately 745.63 sq m (8,025 sq ft)
Affluent and attractive Buckinghamshire market town
Nearby retailers include Marks & Spencer Simply Food, Boots the Chemist, Costa Coffee, Greggs, WHSmith, Holland & Barrett, Waterstones and various boutique shops, cafe's and restaurants

Lot
6
Auction
21st May 2020
Rent
£194,868 per Annum Exclusive
Status
Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Important Update

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* More information on the term "price" can be found here

Freehold Supermarket Investment in Affluent Buckinghamshire Commuter Town

Let to Waitrose Limited (t/a Little Waitrose)
15 year lease from September 2010
Tenant option to renew lease from September 2020 for 10 years at a commencing rent of £225,905 per annum rising to £261,886 per annum in September 2025
Approximately 745.63 sq m (8,025 sq ft)
Affluent and attractive Buckinghamshire market town
Nearby retailers include Marks & Spencer Simply Food, Boots the Chemist, Costa Coffee, Greggs, WHSmith, Holland & Barrett, Waterstones and various boutique shops, cafe's and restaurants

Lot 6
Auction 21st May 2020
Rent £194,868 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 8 miles north-east of High Wycombe; 29 miles north-west of Central London
Roads: A413, A335, M40
Rail: Amersham
Air: London Heathrow

Situation

Amersham is an affluent and attractive market town within the London commuter belt, located within the Chiltern Hills. Amersham benefits from excellent access to London and the rest of the country via the A355, which leads to the M40 and M25 motorways. The property is located on the east side of Sycamore Road, Amersham's primary retailing thoroughfare. Nearby retailers include Marks & Spencer, Holland & Barrett, Caffe Nero, Greggs, Boots the Chemist, Costa, WHSmith, Waterstones and various boutique shops, cafe's and restaurants.

Tenure

Freehold.

Location

Miles: 8 miles north-east of High Wycombe; 29 miles north-west of Central London
Roads: A413, A335, M40
Rail: Amersham
Air: London Heathrow

Situation

Tenure

Freehold.

Description

The property comprises a ground floor supermarket with ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion.

EPC

Band E. See legal pack at www.acuitus.co.uk.

Description

The property comprises a ground floor supermarket with ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion.

EPC

Band E. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First	Retail/Ancillary Ancillary	639.54 sq m 106.09 sq m	(6,884 sq ft) (1,141 sq ft)	WAITROSE LIMITED (1)	15 years from 29/09/2010 until 28/09/2025 on a full repairing and insuring lease	£194,868 (2)
Total		745.63 sq m	(8,025 sq ft)			£194,868 (2)

(1) For the year ending 26th January 2019, Waitrose Limited reported a turnover of £6,296,700,000, pre-tax profits of £84,800,000 and shareholders funds of £906,100,000 (source: SmartSearch 23/04/2020).
(2) Under the terms of the lease, the current passing rent is £168,095 pa, with a fixed rental increase on 29th September 2020 to £194,868 pa. The Vendor has agreed to adjust the completion monies from completion of the sale until the fixed rental uplift in September 2020, so that the property effectively produces £194,868 per annum.
NB: Floors area provided by VOA. Please note that the Property is also subject to a lease to Castlebrook Holdings Limited for a term of 125 years from and including 25/03/2015 at a peppercorn rent. The lease is for a small parcel of land to the rear of the Property, which is used for two car parking spaces that Castlebrook Holdings Limited let to WHSmith - please see legal pack.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.