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Majestic Wines, Gerrards Cross


6-8 Packhorse Rd, Gerrards Cross SL9 7QE

Basic Facts

Status: Type: Tenure: Freehold Area: 5710 sq ft
Gross Rent: £ 116,000 Lease Term: Lease expiring January '28 Years left on Lease: 7.6

Property Description

  • Blue-Chip Freehold Retail, Whole Building Investment.
  • Large site, whole building on 0.2 acre site including car park to the rear.
  • 5,710 sq ft building over ground & first floor.
  • Car Park to rear includes loading bay & 8 parking spaces.

Location Description

  • The property is located in the main retailing pitch of the affluent Buckinghamshire town of Gerrards Cross.
  • It is located next door to M&S Simply Food.
  • It is 19.3 miles (31.1 km) west-north-west of Charing Cross, Central London.
  • The town has a railway station on the Chiltern main line with services to London and the M40 motorway runs beside woodland on its southern boundary.

Tenancy

  • Ground Floor let on overriding lease to Majestic Wine for £116,000 pa. The lease expiring in January 2028 and the next rent review is in January 2023.
  • 1st floor sublet as offices with dedicated separate access.

Additional Notes

  • Majestic Wine was recently purchased for £100m by Fortress Investment Group who are looking to re-modernise brand/stores & have already opened new stores.
  • Significant future redevelopment potential (subject to planning).

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