VALUABLE RETAIL INVESTMENT FOR SALE

Key Points

• Tenants - Costa Coffee
• Other occupiers include Budgens, Martins the Newsagents, Banks, Restaurants, Bookmakers and a public House.
• Very busy neighbourhood shopping centre in densely populated residential area.
• 6 apartments above producing ground rent and management income .
• Total income £40,470 pa

Location

Bedgrove is one of the most popular neighbourhood shopping centres in Bucks due to location & ample parking, (free for 2 hours & £1 thereafter). Occupiers include Sainsbury, Dominoes & public house, with a petrol station adjacent. Aylesbury, is approx 44m NW of London, 23m from Oxford & 15m south of Milton Keynes. Located on the junction of A41, A413 & A418 providing easy access to M1, M40 & M25, in 20 mile radius. The town has a mainline railway station with direct line to London Marylebone with a journey time of approx 55 mins. Aylesbury is due for enormous expansion & will accommodate a population in the region of 80,000-100,000.

Description

Aylesbury investment: Unit let to Bristal Investments Ltd (t/as COSTA COFFEE). Bristal Investments Ltd (reg No: 04953192) commenced trading in 2003 & have taken 15 year FRI lease within the Act from 19.11.2017, subject to market value rent reviews at years 5 & 10 & tenant only break clause end of year 10, by giving 6 months written notice. Current Rental for the next 5 yrs is £33,250 pa. Management Income & Ground Rents from 6 apartments £7,220.pa. Offers sought in excess of £700,000. Total income of £40,470 pa.

Business Rates

£23,750.00

EPC

C59