Property for sale

Grenville House, 43 & 45 High Street, Princes Risborough, Buckinghamshire HP27

The ground floor comprises two terraced retail units (no.41 & 45) held under separate leases used as a retail shop for gifts and home goods. There is parking for five cars at the rear of the property with four spaces allocated to 41 High Street and one space for 45 High Street.

The first floor (no.43) is occupied by a dentist and is accessed from the ground floor at the front of Grenville House, which leads to a staircase with stairlift leading to the first floor. The accommodation provides two treatment rooms, a kitchen, preparation room, reception room and office. There are two allocated parking spaces to the dentist at the rear.

There are a further three parking spaces in addition to those allocated to 41,43 and 45, one of which is currently occupied by on a six month licence which expires in November.
Investment summary


41 High Street:

Tenant: Personal name trading as Kado Gifts

Term: 10 years

Commencement: 29th September 2016

Rent Passing: £13,948 per annum

Repair: Fully repairing

Insurance: Landlord insures and tenant reimburses premium.

43 High Street:

Lease dated: 11th January 2019

Tenant: Pratimaben Hiten Patel

Commencement: 11th January 2019

Expiry: 10th January 2034

Rent: £13,000 per annum

Insurance: Landlord arranges and the tenant reimburses the premium.

Repair: Effectively full repairing and insuring

Alienation: The tenant is permitted to assign or sublet the whole but not part only.

Rent review: 29th September 2020 and each third anniversary of that date with the

next review due on 29th September 2026.

45 High Street:

Tenant: Personal name trading as Kado Gifts

Term: 10 years

Commencement: 29th September 2016

Rent Passing: £10,052 per annum

Repair: Fully repairing

Insurance: Landlord insures and tenant reimburses premium.

This provides a total rent of £37,000 per annum.

We are aware that the ground floor tenant intends to vacant both premises at the end of their lease.