SOLD

TypeRetail Investments · Assured Shorthold Tenancies · Residential Investments

HP11 Needham Parade, 202 To 220 Desborough Road, High Wycombe

TenureFor sale

Needham Parade, 202 To 220 Desborough Road, High Wycombe, HP11 1/4

Specification

Property type
Property type Retail Investments · Assured Shorthold Tenancies · Residential Investments
Tenure
Tenure For sale

Description

Needham Parade is a detached 1960's shopping parade. The property comprises 10 retail units, an office and 18 flats above.

Expired planning for 7 additional flats

Gross income £466,750 per annum

Location

Needham Parade is positioned on Desborough Road being located just to the west of the town centre of High Wycombe. Along Desborough Road and nearby streets, there are many small local businesses, convenience shops, takeaways, and community services, giving it mixed residential-commercial character.

High Wycombe is a large market town in Buckinghamshire, in south-east England, located about 29 miles (47 km) northwest of central London.

The town has a mixed economy including retail, light industry, and other services. It is also a popular commuter town, with good transport links-especially via the Chiltern Main Line railway to London Marylebone.

Accommodation

Needham Parade is a detached 1960's shopping parade. The property comprises 10 retail units, an office and 18 flats above. Attached is a schedule of accommodation along with floor plans of the building.

Needham Parade also had planning granted but not implemented in 2019 for 7 additional flats under 19/05839/FUL.

EPC

Available on request.

Legal Costs

Each party to pay their own professional costs in dealing with this transaction.

Terms

Offers invited in excess of £4,350,000. The property is not opted for VAT.

10 retail units

18 flats

Expired planning for 7 additional flats

Gross income £466,750 per annum

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