£9,500,000
(£349.28/sq. ft)
Property for sale300 High Street, Berkhamsted, Hertfordshire HP4
27,199 sq. ft
Just added
Freehold
About this property
For sale - £9,500,000
Passing rent - £615,000 pa
Let to - M&S - costa - pizza express
Investment- freehold
Description
A substantial freehold town-centre retail and leisure investment occupying a prominent position fronting Berkhamsted
High Street. The property is arranged as three self-contained units, comprising an M&S Foodhall with separate Costa and
PizzaExpress accommodation. The site includes ancillary accommodation, rear servicing, customer parking and external
areas. The established national occupiers and prominent frontage support long-term appeal.
Location
Berkhamsted is an affluent and historic Hertfordshire market town situated within the Chiltern Hills, approximately 30 miles
north-west of Central London. The town combines an attractive historic centre with a strong mix of national retailers, quality
independent businesses, cafés and restaurants. The A41 provides direct access to the M25 and M1, while Berkhamsted
railway station offers regular services to London Euston in approximately 35 minutes. The Grand Union Canal, Berkhamsted
Castle, the Ashridge Estate and highly regarded local schools further support the town's residential and visitor appeal. 300
High Street occupies a prominent western town-centre position within the established retail and leisure pitch, benefiting from
strong visibility, High Street frontage, rear access, servicing and customer parking.
Accommodation
A substantial freehold town-centre retail and leisure investment occupying a prominent position fronting Berkhamsted High Street. The property is arranged as three self-contained units, comprising an M&S Foodhall with separate Costa and Pizza Express accommodation. The site includes ancillary accommodation, rear servicing, customer parking and external areas. The established national occupiers and prominent frontage support long-term appeal.
Legal Costs
Each party to bear their own costs.
Terms
Offers sought in the region of £9,500,000 for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of approximately 6.06%, assuming purchaser's costs of 6.80%.
For sale - £9,500,000
Passing rent - £615,000 pa
Let to - M&S - costa - pizza express
Investment- freehold
A substantial freehold town-centre retail and leisure investment occupying a prominent position fronting Berkhamsted
High Street. The property is arranged as three self-contained units, comprising an M&S Foodhall with separate Costa and
PizzaExpress accommodation. The site includes ancillary accommodation, rear servicing, customer parking and external
areas. The established national occupiers and prominent frontage support long-term appeal.
Location
Berkhamsted is an affluent and historic Hertfordshire market town situated within the Chiltern Hills, approximately 30 miles
north-west of Central London. The town combines an attractive historic centre with a strong mix of national retailers, quality
independent businesses, cafés and restaurants. The A41 provides direct access to the M25 and M1, while Berkhamsted
railway station offers regular services to London Euston in approximately 35 minutes. The Grand Union Canal, Berkhamsted
Castle, the Ashridge Estate and highly regarded local schools further support the town's residential and visitor appeal. 300
High Street occupies a prominent western town-centre position within the established retail and leisure pitch, benefiting from
strong visibility, High Street frontage, rear access, servicing and customer parking.
Accommodation
A substantial freehold town-centre retail and leisure investment occupying a prominent position fronting Berkhamsted High Street. The property is arranged as three self-contained units, comprising an M&S Foodhall with separate Costa and Pizza Express accommodation. The site includes ancillary accommodation, rear servicing, customer parking and external areas. The established national occupiers and prominent frontage support long-term appeal.
Legal Costs
Each party to bear their own costs.
Terms
Offers sought in the region of £9,500,000 for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of approximately 6.06%, assuming purchaser's costs of 6.80%.
For sale - £9,500,000
Passing rent - £615,000 pa
Let to - M&S - costa - pizza express
Investment- freehold
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