Tenant converted first floor to tanning studio in 2019
Future potential to convert first floor to residential (subject to lease and consents)
Affluent Buckinghamshire commuter town
Nearby occupiers include Primark, KFC, Greggs, Costa Coffee, Sainsbury's and McDonalds
VAT-free investment
Lot 2
Auction 31st March 2022
Rent £28,000 per Annum Exclusive
Status Sold
Price £555,000
Sector High Street Retail
Auction Venue Live Streamed Auction
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 and the property occupies a prominent town centre location on the south side of Oxford Street, at its junction with pedestrianised Bull Lane. Nearby occupiers include Primark, KFC, Greggs, Costa Coffee, Sainsbury's and McDonalds. In addition Eden Shopping Centre and Chilterns Shopping Centre are both a short distance from the property.
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
High Wycombe is an affluent London commuter town and the property occupies a prominent town centre location on the south side of Oxford Street, at its junction with pedestrianised Bull Lane. Nearby occupiers include Primark, KFC, Greggs, Costa Coffee, Sainsbury's and McDonalds. In addition Eden Shopping Centre and Chilterns Shopping Centre are both a short distance from the property.
Tenure
Freehold.
Description
The property comprises a ground floor shop with a tanning studio on the first floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with a tanning studio on the first floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First
Retail/Ancillary Tanning Studio
83.64 sq m 81.48 sq m
(900 sq ft) (877 sq ft)
RAL LIMITED (1) t/a Admiral Casino Slots
10 years from 07/06/2016 on a full repairing and insuring lease
£28,000
Totals
165.12 sq m
(1,777 sq ft)
£28,000
(1) www.admiralcasino.co.uk
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.
