Investment for sale

FREEHOLD TOWN CENTRE RETAIL & RESIDENTIAL INVESTMENT FOR SALE
TOWN CENTRE
ATTRACTIVE RETAIL UNIT & TWO FLATS
GROSS YIELD c. 7.3%,
NET YIELD c. 6.9%
CORNER POSITION
LOCATION
The property is situated in the vibrant heart of Gerrards Cross at the junction of Packhorse Road and Oak End Way - a highly prominent
town-centre position. Street car parking is available close by, as are several public car parks, and the mainline railway station is 3 minutes' walk away.
Gerrards Cross is an affluent small town just off the A40 to the west
of London and sits 4 miles east of Beaconsfield and junction 2 of the M40.
DESCRIPTION
The property comprises a highly prominent retail unit with a return frontage, and two large 2-bed flats with a separate residential entrance in Oak End Way. The ground floor tenant, Heidi & Hudson, have been in occupation for 14 years. The shop is beautifully presented.
TENANCIES
The retail unit is let for a term of 15 years from March 2012 with 5 yearly rent reviews and on effectively fully repairing terms, at a current rent of ｣42,500 p.a. The flats are let at ｣20,100 p.a. and ｣18,000 p.a. on Assured Periodic Tenancies. Total income stands at ｣80,600 p.a.
Early discussions have started about extending the retail lease.
EPCs
The shop is a C. Flat 68a is an E and 68b is a D.
TERMS
We are seeking offers in excess of ｣1,100,000 for the freehold interest in the building.
VIEWINGS
Strictly by arrangement with sole agents. For more information, email [email protected]
or phone 01494 683642