113 High Street, Freehold Investment

Chesham, HP5 1DE

113 High Street, Freehold Investment, Chesham, Development / Investment For Sale - Frontage 2.jpg
113 High Street, Freehold Investment, Chesham, Development / Investment For Sale - Frontage.jpg
113 High Street, Freehold Investment, Chesham, Development / Investment For Sale - Frontage 2.jpg
113 High Street, Freehold Investment, Chesham, Development / Investment For Sale - Frontage.jpg
Under Offer
Property Type Development / Investment
Tenure For Sale
Size 1,008 sq ft
Price Offers in excess of £265,000.00
Business Rates £4,690.60 per annum 2023
Energy Performance Rating This property has been graded as C (53)

RETAIL UNIT - INVESTMENT WITH DEVELOPMENT POTENTIAL

Key Points

  • DEVELOPMENT POTENTIAL - the property has the potential to develop the upper floors into a 1-2 bedroom apartment, subject to planning permission.
  • Ground Floor Retail 544 sq ft
  • First Floor Retail/Storage 464 sq ft

Description

The property comprises a two-storey retail unit forming part of a terrace, along the High Street, with rendered external walls under a pitched roof. Directly fronting the High Street, the property is prominent and well positioned in the town's core retail location. Pedestrian access is via the shop front which benefits from full glazing. The ground floor of the shop provides clear predominantly open space with a small office to the rear.

Access to the first floor is via the stairwell to the left, leading to a landing and the combination of a large storage room, and smaller rooms providing additional storage for stock or further retail space.

THE LEASE - The property is held on a full repairing and insuring lease, expiring in December 2028 at a rental of £5,000 per annum. Mutual break clause at any time by giving 6 months notice.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Ground - Ground Floor Retail 544 50.54 Available
1st - Storage/Retail 464 43.11 Available
Total 1,008 93.65

Location

The property is prominently located within the pedestrian part of the north end of Chesham High Street, adjacent to White Hill and the Chesham by-pass. Chesham is strategically located to the north west of London, within close proximity to the regional centres of Watford, Hemel Hempstead and High Wycombe. The area benefits from excellent communications, provided by the M25, M1 and M40 motorways. In addition there is an excellent link to Central London via the Metropolitan Line and the Chiltern Railway Line.