Majestic Wines, Gerrards Cross
6-8 Packhorse Rd, Gerrards Cross SL9 7QEBasic Facts
| Property ID: 12248 | Post Updated: 2020-04-20 15:00:33 |
| Status: Acquired | Type: Retail - other |
| Tenure: Freehold | Area: 5710 sq ft |
| Gross Rent: £ 116,000 | Lease Term: Lease expiring January '28 |
| Lease Term Expiry Date: 30/01/28 | Years left on Lease: 3.8 |
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).
Features
£1m - £5m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Large plot
Suitable for a SIPP
