£1,100,000
(£440.00/sq. ft)
Property for sale68 Packhorse Road, Gerrards Cross, Buckinghamshire SL9
2,500 sq. ft
Just added
Available immediately
About this property
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
or phone
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
or phone
Mortgage calculator
Monthly repayment
£5,502 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}