High Wycombe is strategically located on the M40 motorway 30 miles west of Central London and excellent road communications are available to other principal towns in the greater Thames Valley Region. Set amongst the picturesque Chiltern Hills, an area of outstanding natural beauty, the town is perfectly placed for both business and leisure activities.
The town centre has excellent retail and leisure facilities in the Eden Shopping Centre that opened in 2008. Local retail facilities are available to the edge of the business park.
With its history of chair manufacturing there is a good availability of small industrial units from the chair manufacturing days.
The Cressex Business Park is right on the Handy Cross roundabout located next to junction 4 of the M40 motorway. With easy access down to the town centre and the railway station on the Chiltern Line offering direct access to London Marylebone in a fast train time of 24 minutes.
Sands Industrial Estate also includes Adams Park the home of Wycombe Wanderers Football Club.
Market Commentary / Rental Costs
- Retail shops in High Wycombe have changed over recent years, most national chains moving from the High Street to the Eden Shopping Centre which offers most national names and brands, although the High Street still has some national occupiers as well as local businesses.
- In terms of business parks, for industrial warehouse premises in High Wycombe, the Sands Industrial Estate and the Cressex Business Park are the two main business parks in the town for warehousing accommodation, offering a range of sized units from 1,000 sq ft to units for more corporate requirements including high bay racking units with 11m eaves height.
- Cressex Business Park offers mainly industrial accommodation close to the M40 junction. Refurbished industrial units on The Merlin Centre have recently let at £9.50 psf with lower grade space around £7-9 psf. Industrial units are in high demand with low supply, particularly as new developments have been very limited in recent years.
- For office users there is a mix of modern and traditional offices in the town centre, however, most of the business parks are located to the east of the town running up to Loudwater at junction 3 of the M40.
- Office parks include the Peregrine Business Park and the Kingsmead Business Park located to the east of the town. High Wycombe tends to offer a very competitive rental value when compared with its more expensive neighbours of Marlow and Maidenhead. Office rents at Peregrine Business Park and Kingsmead Business Park range from £21-25 psf for refurbished space.
- There have been a considerable number of sales in the last 12 months of office premises for conversion to residential use under the Permitted Development Rights legislation. For example, Chandler Garvey sold Thame House in Castle Street for close to £5M for conversion to 50 apartments in 2016. This sector is buoyed by the high level of residential prices in this area, but it clearly has an impact on the level of office supply in the town.