Retail premises for sale in Jansel Square (Investment) Bedgrove, Aylesbury, Buckinghamshire HP21

£3,000,000 (£428.57/sq. ft)
Retail premises for sale 7,000 sq. ft*
Interested in this property? Call +44 1296 455812 * or Request Details

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Property features

  • Valuable Investment Opportunity. Two buildings to include three retail units totalling 7,000 sq ft
  • Tenants - Sainsbury's Supermarket. Domino's Pizza and Costa Coffee
  • Occupying other units within the shopping centre - Budgens, Martins the Newsagents, Banks, Restaurants, Bookmakers and a public House.
  • Very busy neighbourhood shopping centre in densely populated residential area.
  • Offers invited in excess of £4m for the freehold interest in both buildings including the three retail units.
  • Our Clients would consider disposing of Jansel 2 (t/as Costa Coffee) under a separate agreement
  • Jansel Square benefits from ample car parking, which is free for 2 hours and £1 thereafter.
  • Bedgrove is probably one of the most popular neighbourhood shopping centres in Buckinghamshire

Property description

Aylesbury investment:
The property provides a new extension to the Bedgrove Shopping Centre known as Jansel Square which benefits from ample car parking, which is free for 2 hours and £1 thereafter.
4,300 sq ft unit let to Sainsbury's Supermarkets
1,400 sq ft let to Domino's Pizza
1,300 sq ft let to Bristal Investments Ltd (t/as) Costa Coffee
Current total income £166,000 per annum

The largest property is let to Sainsburys Supermarket Ltd for a term of 15 years from March 2014 with a tenant's only break provision at the end of the 10th year. With 5 yearly reviews, collared and capped at 1% and 4% annually respectively. The current rental is £88,000 per annum and commenced 11 March 2019 after review.

Domino's Pizza have taken a 20 year lease from December 2014, current rental is £32,000 pa. With a break at the 11th anniversary, 5 yearly upward only rent reviews at market rent, next review 2024).

Bristal Investments Ltd (registration No: 04953192) commenced trading in 2003 and have taken a 15 year full repairing and insuring lease within the Act from 19th November 2017, subject to market value rent reviews at years 5 and 10 with a tenant only break clause at the end of year 10, by giving 6 months written notice. Rental for years 1 and 2 is £28,000 per annum plus VAT and years 3,4 and 5 at £31,500 per annum plus VAT.

Our Clients would consider disposing of Jansel 2 (t/as Costa Coffee) under a separate agreement. Offers are sought in the region of £850,000 for the freehold interest.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Chandler Garvey Ltd, HP19 on +44 1296 455812 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Chandler Garvey Ltd, and do not constitute property particulars. Please contact Chandler Garvey Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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