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
    21/May/2020
  • Rent
    £194,868 per Annum Exclusive
  • Status
    Available
  • Price*
    £2,100,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 46 Sycamore Road<br>Amersham<br>Buckinghamshire<br>HP6 5DR
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    01.05.20
    File Size
    23 MB
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  • Catalogue Page
    Updated Date
    01.05.20
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    01.05.20
    File Size
    286 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
Zevi Prager 02030367316zprager@fladgate.com

Useful Links

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