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Express Interest in this Property

Savers, Chesham

65 The Broadway, Chesham HP5 1BX, UK

Basic Facts

Property ID: 17410 Post Updated: 2023-09-07 11:31:33
Status: Type:
Tenure: Freehold Area: 6902 sq ft
Gross Rent: £ 40,000 Lease Term: 5 yrs from 25th April '22
Lease Term Expiry Date: 24/04/27 Years left on Lease: 2.8
VAT applicable: No

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

Features

£500k - £1m
Attractive property
Blue-chip tenant
Freehold

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