Freehold retail investment, forming part of a parade
Set out over ground, first and second floor levels, total area of 6,902 sq ft
It is considered that the upper parts might lend themselves to future residential conversion, subject to planning and vacant possession
Location Description
Prime High Street location
Chesham is a popular Buckinghamshire town in an affluent catchment area
The town is convenient for access to the M25, approximately 8 miles to the east, as well as the A41 and M40
The town is served by the Metropolitan Line and is within easy walking distance of the station
The subject property is situated on Chesham Broadway directly opposite the War Memorial and taxi rank, midway between the two pedestrian precincts giving excellent pedestrian footfall
The unit is opposite national multiple retailers including Boots the Chemist, Caffe Nero and Waterstones
Accommodation & Tenancy Schedule
A lease renewal to ‘Savers Health and Beauty Ltd’ completed on 10/10/22, on the basis of a 5 year term commencing 25/4/22, expiring 24/4/27
There is a tenant only break clause on 24/4/25, operable with 6 months prior notice and payment to the landlord of a £5,000 penalty
The rent is £40,000 p.a. payable quarterly in advance
‘Savers Health and Beauty Ltd’ is a subsidiary of ‘A S Watson (Health & Beauty UK) Limited’
The tenant company is understood to trade in excess of four hundred stores and has the highest risk possible Dunn and Bradstreet rating of 5A1 representing a minimum risk