TypeRetail Investments · Assured Shorthold Tenancies

SL9 68 Packhorse Road, Gerrards Cross

TenureFor sale

68 Packhorse Road, Gerrards Cross, SL9 1/9

Specification

Building size
Building size 2,500 sqft
Property type
Property type Retail Investments · Assured Shorthold Tenancies
Tenure
Tenure For sale

Description

The property comprises a highly prominent retail unit with a return frontage, and two large 2-bed flats with a separate residential entrance in Oak End Way. The ground floor tenant, Heidi & Hudson, have been in occupation for 14 years. The shop is beautifully presented.

TENANCIES

The retail unit is let for a term of 15 years from March 2012 with 5 yearly rent reviews and on effectively fully repairing terms, at a current rent of £42,500 p.a. The flats are let at £20,100 p.a. and £18,000 p.a. on Assured Periodic Tenancies. Total income stands at £80,600 p.a.

Early discussions have started about extending the retail lease.

EPCs

The shop is a C. Flat 68a is an E and 68b is a D.

Location

The property is situated in the vibrant heart of Gerrards Cross at the junction of Packhorse Road and Oak End Way - a highly prominent

town-centre position. Street car parking is available close by, as are several public car parks, and the mainline railway station is 3 minutes' walk away.

Gerrards Cross is an affluent small town just off the A40 to the west

of London and sits 4 miles east of Beaconsfield and junction 2 of the M40.

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