TypeRetail Investments
HP13 Flint Cottage, 3 Amersham Hill, High Wycombe
TenureFor sale
Specification
- Building size
- Building size 0.22 - 4,010 sqft
- Land size
- Land size 0.22 acres
- Property type
- Property type Retail Investments
- Tenure
- Tenure For sale
Description
Freehold public house investment For Sale let until March 2040 at a current rent of £80,000 per annum
The property comprises the ground, basement and first floor of a two storey semi-detached building with flint stone elevations beneath a pitched and hipped roof.
Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 78 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.
First Floor: The first floor comprises the office, kitchen stores and the managers flat with a double bedroom, lounge, kitchen, and bathroom. Basement: The basement provides a cellar and stores.
Externally: There is an enclosed customer area to the rear with seating on loose tables, chairs and benches for 180 customers. There is no parking.
The property is held freehold (Title Number BM202614).
The entire property is let to Charles Wells Limited on a 20 year lease from 3 March2020 at a current rent of £80,000 per annum which is subject to five yearly open market reviews and annual RPI increases from 3 March 2025 with a collar 2% and a cap of 4% (except in the open market review year). The tenant has a break option on 3 March 2035 upon giving not less that 6 months written notice.
Location
Located in the town of High Wycombe in the county of Buckinghamshire, 30.5 miles (48.8 kilometres) south east of Oxford and 33.0 miles (52.8 kilometres) west of London.
The Flint Cottage is situated fronting Amersham Hill and is located directly opposite High Wycombe train station. Nearby occupiers include the Falcon (JD Wetherspoon) and O'Neill's with the Eden Shopping centre a short distance to the west.
