£875,000
(£329.82/sq. ft)
Property for saleDuke Street & Henderson House, New Road, Princes Risborough, Buckinghamshire HP27
2,653 sq. ft
About this property
Mixed Use Freehold Investment For Sale
Retail, Medical & Two Flats
Situated In The Heart Of Princes Risborough Town Centre
No VAT Applicable
Producing £53,500 Per Annum.
The property is a mixed use retail, residential and medical investment currently let to four separate tenants. To the front is the retail premises of 4 Duke Street currently let to a dry cleaners and alterations business that also provides rear access.
To the rear is Henderson House which provides a ground floor medical aesthetics clinic. There are two well presented, two-bedroom residential properties on the first floor which extend over the clinic and retail premises. Both flats are let on Assured Shorthold tenancies and accessed via a ground floor entrance lobby. There is allocated car parking onsite to all tenants directly off New Road.
Investment details:
Property: 4 Duke Street
Tenant: Bentleys of Amersham Ltd
Term: 12/06/2023 -11/06/2033
Rent: £14,000 pa
Other: Tenant break option and rent review at year 5. Outside 1954 L&T Act.
Property: Ground Floor Henderson House
Tenant: Whiteleaf Medical Aesthetics Ltd
Term: 20/11/2023 - 19/11/2030
Rent: £12,500 pa
Other: Upwards only rent review on the 4th anniversary of the term. Outside 1954 L&T Act.
Property: Flat 1 Henderson House
Tenant: AST
Term: 08/12/2024 - 07/12/2025
Rent £13,800 pa
Other: Mutual break option 8th June 2025 with two months prior written notice.
Property: Flat 2 Henderson House
Tenant: AST
Term: 28/02/2025 - 27/02/2026
Rent: £13,200 pa
Total: £53,500 per annum.
To the rear is Henderson House which provides a ground floor medical aesthetics clinic. There are two well presented, two-bedroom residential properties on the first floor which extend over the clinic and retail premises. Both flats are let on Assured Shorthold tenancies and accessed via a ground floor entrance lobby. There is allocated car parking onsite to all tenants directly off New Road.
Investment details:
Property: 4 Duke Street
Tenant: Bentleys of Amersham Ltd
Term: 12/06/2023 -11/06/2033
Rent: £14,000 pa
Other: Tenant break option and rent review at year 5. Outside 1954 L&T Act.
Property: Ground Floor Henderson House
Tenant: Whiteleaf Medical Aesthetics Ltd
Term: 20/11/2023 - 19/11/2030
Rent: £12,500 pa
Other: Upwards only rent review on the 4th anniversary of the term. Outside 1954 L&T Act.
Property: Flat 1 Henderson House
Tenant: AST
Term: 08/12/2024 - 07/12/2025
Rent £13,800 pa
Other: Mutual break option 8th June 2025 with two months prior written notice.
Property: Flat 2 Henderson House
Tenant: AST
Term: 28/02/2025 - 27/02/2026
Rent: £13,200 pa
Total: £53,500 per annum.
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