Jeweller, Barber & Flat, Princes Risborough

Property Description

• Freehold, Mixed use Investment.
• The property is arranged on ground and one upper floor to provide two ground floor units and two self-contained flats that are accessed from the front (One of the flats has been sold off on a long lease).

Location Description

• Princes Risborough is a popular commuter town located on the western side of the Chiltern Hills, 42 miles north-west of central London and 23 miles east of Oxford.
• The town enjoys excellent communications with rail services to London and easy access to the M40 at Junction 4 (via A4010) and Junction 6 (A4009).
• The property, located in a Conservation Area, is situated on the west side of Duke Street, close to the junction with market Square and High Street, in the heart of the town centre.
• Occupiers close by include Boots, TSB, Tesco Supermarket and Coral, amongst other local occupiers.

Additional Notes

• One retail unit is a total of 180 sq ft and is let to Youseff Safi t/a Jewellers, with a 6 year lease from 23th June 2013, with a rent review in the third year.
• The second retail unit is a total of 215 sq ft and is let to Ian Berry, Cindy Berry, Kathleen Blockley t/a Barbers, with a 5 year lease from 4th March 2013.
• Annually, the rent of the Jewellers is £5,000 p.a., the Barbers is £5,500 p.a. and the one bedroom flat, located on the rear of the ground floor and is let on an AST at a rent of £675 pcm.
• The total annual rent combined is £18,650 p.a. for the three units.