Savers, Chesham

Property Description

• 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