2414 sq. ft (224.2 m²)
Key features
- Entire building let to S & S Kitchen Limited
- Rental Income of £45,000 per annum exclusive
- 10 Years Unexpired Term
- Net Initial Yield of 6.09% assuming normal purchaser’s costs
Description
Aylesbury is an historic market town with a population of approximately 75,000 and is approximately 25 miles east of Oxford, 21 miles south of Milton Keynes and 36 miles north West of London. Aylesbury is an important administrative centre being the county town of Buckinghamshire and home to both Aylesbury Vale District Council and Buckinghamshire County Council. Aylesbury has a large highly skilled workforce which has attracted several major employers including LLOYDS BANK PLC, WEBUYANYCAR. COM, SCHWARZKOPF and ARLA FOODS. This will continue to underline Aylesbury’s status as a regional centre.
Aylesbury has excellent road links with the A41, A413, A418 and A4157 Ring Road providing connections to the surrounding area with the M40 motorway located approximately 15 miles to the south and benefits from a good local bus network. Aylesbury and Aylesbury Vale train stations provide Chiltern Trains services to surrounding conurbations and London Marylebone. The importance of Aylesbury as a retail location is shown in the recent redevelopment of the Friars Shopping Centre and proposals by Buckinghamshire Council for the Kingsbury ‘Garden Square’ Proposal.
Kingsbury Square is located within the town centre, to the edge of the pedestrianised retail centre adjoining Market Square and High Street. The property is situated on the north west side of Kingsbury Square in a prominent secondary retail position near to the junction with Buckingham Street. Occupiers close by include KFC, GREGGS, METRO BANK, NANDO’S,SAINSBURY’S, NATIONWIDE BUILDING SOCIETY and PAPA JOHNS.
The property comprises a mid-terraced building dating from the 18th Century, which has been extended to the rear overtime and currently provides a restaurant over ground floor, with the front first floor not accesible. The original two storey building is of brick construction with render finish to the first floor under a tiled roof. The round floor has a modern shop front with timber framed double glazed bi-fold windows and timber framed glazed panel entrance door to the western end and illuminated signage board and swing sign above. At first floor level, the building has timber framed single glazed windows with a decorative tile pitch roof above the western gable end window.
To the rear, there is a single storey building of brick construction with asymmetric pitch roof with corrugated metal roof with a metal glazed panel finish to the front section of short pitch over restaurant area and a mezzanine ancillary storage area within the rear roof area above and accessible from the ground floor store.
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