1 Oxford Street, High Wycombe.Cdr

HIGH YIELDING RETAIL INVESTMENT OPPORTUNITY Investment Summary

• Retail unit with three residenal ﬂats above, located in High Wycombe town centre.

• Retail unit let to Treatz Highwycombe Ltd with 16.7 years to expiry.

• Retail rental income of £40,000 per annum.

• Ground Rent income of £100 per annum per ﬂat.

• Ideal for investors and property companies looking for secure income.

• Oﬀers in excess of £500,000 (Five Hundred Thousand Pounds) subject to contract and exclusive of VAT, for our client's freehold interest. A purchase at this level reﬂects a net inial yield of 7.64% aer purchaser's costs of 4.70%.

1 Oxford Street • High Wycombe HP11 2DG astonrose.co.uk 1 Oxford Street Development Area

Locaon and Demographics

High Wycombe is an aﬄuent commuter town in Buckinghamshire, located within two miles of Juncon 4 of the M40 and 30 miles west of Central London. The town has a populaon of approximately 125,000 people with a primary catchment populaon of over 200,000. Arterial roads through the town centre such as the A40 and A404 provide fast access eastbound to London and northbound to Birmingham. The M4 is situated just over 10 miles south which provides links west to Bristol and Cardiﬀ. High Wycombe town centre has an extensive range of retail and leisure facilies, and also an excellent train service to London Marylebone with a fastest direct journey me of less than 30 minutes. The property lies to the west of the High Street, on the corner of Oxford Street and Church Street. High Wycombe train staon is a seven-minute walk to the east. Road London 30 miles Reading 18 miles Oxford 25 miles Rail London 27 minutes Air Heathrow 20 miles

The Chilterns Shopping Centre opposite the property was bought by a housing developer in March 2018, with plans expected to emerge later this year. Wycombe District Council is understood to be an advocate of a mixed-use reconﬁguraon of the area.

1 Oxford Street • High Wycombe Descripon Tenure Energy Performance Cerﬁcate (EPC)

The property comprises a three storey brick building Freehold. The property has the following Energy Asset with glazed shop front to the ground floor. The roof is Performance Rangs: pitched and led. The ground floor retail unit is approximately 1,889 sq with three flats above Tenancy and Covenant Retail Unit - D 100 Flat 1 - D 64 arranged over two storeys, totalling 2,485 sq . Flat 2 - D 63 Flat 3 - D 63 To the south west of the property is Eden Shopping The retail unit is currently let to Treatz Highwycombe Centre which anchors the retail offering in the town Ltd for a term of 20 years from 27th February 2015 at a centre. Occupiers include several naonal retailers rent of £40,000 per annum. The lease is contracted Proposal such as M&S, Boots, WH Smith and Costa Coffee. outside of the L&T 1954 Act with respect to security of tenure and is subject to five yearly upward only rent We are instructed to seek offers in excess of £500,000 Floor NIA (sq m) NIA (sq ) reviews and five yearly tenant break opons. If the break noce is served at the first opportunity, a break (Five Hundred Thousand Pounds), subject to contract Ground Floor 175.5 1,889 penalty of four months’ rent is payable by the tenant. and exclusive of VAT, for our client's freehold interest. Flat 1 73.9 796 A purchase at this level reflects a capital value of Flat 2 48.9 527 A rent deposit of £20,000 is held. £114 per sq and a net inial yield of 7.64% aer Flat 3 107.9 1,162 Treatz currently operate from nine locaons across the purchaser's costs of 4.70%. Total 406.2 4,374 UK, with six new outlets in the pipeline and plans to Secon 5 of the Landlord and Tenant Act 1987 applies expand to over 20 locaons in total. Due to the extensive frontage to Oxford Street all of the to the sale of this property and as such noces require retail space is treated as Zone A in terms of rental The three residenal units are let on long leases with service as part of the sale. value. ground rents payable of £100 per annum per flat.

VAT

The property has not been elected for VAT.

Demise Tenant Area (sq ) Lease Start Lease End Term Rent (pa) Break Opon Ground Treatz Highwycombe Ltd 1,889 27/02/2015 27/02/2035 20 years £40,000 Every 5 years ﬂoor retail Flat 1 Individual 796 (2 bed) 22/11/2016 21/11/3015 999 years £100 N/A Flat 2 Individual 527 (1 bed) 04/11/2016 03/11/3015 999 years £100 N/A Flat 3 Individual 1,162 (2 bed) 18/01/2017 17/01/3016 999 years £100 N/A

1 Oxford Street • High Wycombe Further informaon, please contact: Aston Rose Chartered Surveyors St Albans House Rog Cragg MRICS 57/59 Haymarket 020 7079 1961 London SW1Y 4QX [email protected] 020 7629 1533

Dominic Clarke astonrose.co.uk 020 7079 1948 [email protected]

These particulars are believed to be correct and, where practicable, reasonable steps have been taken to ensure their accuracy, however this cannot be guaranteed. They do not form part of any offer or other contract. The owner of this property does not make or give, representations or warranties in relation to this property. Aston Rose (West End) Limited and its employees do not accept any responsibility for information supplied to them by the owner or any third party. Any intending purchaser or lessee must satisfy itself by inspection or otherwise as to the correctness of the particulars. All measurements are approximate. The plans in these particulars are published for convenience of identification only, and although believed to be correct, their accuracy is not guaranteed and do not form part of any contract. JUNE 2018