Home / Property / Restaurant & 2 Maisonette’s, Gerrards Cross
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7011 sq ft
Gross Yield %:
20 yrs from 17 Dec '12
Lease Term Expiry Date:
Years left on Lease:
Freehold Restaurant & Residential investment in Gerrards Cross, Buckinghamshire
Comprising a ground floor restaurant and two large maisonettes Total Gross Internal Area approx 7,011 sq ft
Potential to develop 8 flats, subject to obtaining all relevant consents
VAT is not applicable
Gerrards Cross is a popular and affluent commuter town located in the prosperous M40 corridor some 20 miles west of central London
The town benefits from excellent road communications being at the junction of the M40 (junction 1) and the M25 (junction 16)
Gerrards Cross Rail Station provides regular services to central London (Fastest train – 20 minutes)
The property is well situated in the town centre some 300 metres form Gerrards Cross Rail Station, on the south side of Oak End Way in an area with a few restaurants
Occupiers close by include Costa Coffee, Boots, Strutt & Parker Estate Agents, Card Factory and Everyman cinemas, amongst many others.
Accommodation & Tenancy Schedule
Let to Hillmart Ltd (t/a Maliks) for 20 years from 17.12.2012 for £57,950 p.a. including a maisonette (12/14 Oak End Way)
Hillmart Limited were incorporated in 2006 and Maliks also trade from restaurants in Cookham and Marlow
The rent increased from £45,000 p.a. to £57,950 p.a. at the 2017 rent review
Outstanding Rent Review from 2022
The landlord has served notice in respect of the 2022 rent review quoting a rent of £69,500 p.a.
Rent review every 5th year
First & Second Floor Maisonette (12a Oak End Way) comprising 4 bedrooms let on 12 months AST from 07.09.2021 for £19,560 p.a.
Total annual income of £77,510 p.a.
£1m - £5m