Property Information
Address:
Jansel Square (Investment), Bedgrove, Aylesbury, Buckinghamshire
, HP21 7ET
, Buckinghamshire
, United Kingdom
Price: Property no longer available.
Size: 7000 sq ft650 sqm
Primary Category: Investment
All Categories:
Investment, Shop,
Property Ref/Movehut: MH645984
Property Ref/Agent: 1171
*Please use the agent ref when calling the agent directly.
Property description
Aylesbury investment:
The property provides a new extension to the Bedgrove Shopping Centre known as Jansel Square which benefits from ample car parking, which is free for 2 hours and £1 thereafter.
4,300 sq ft unit let to Sainsbury's Supermarkets
1,400 sq ft let to Domino's Pizza
1,300 sq ft let to Bristal Investments Ltd (t/as) Costa Coffee
Current total income £166,000 per annum
The largest property is let to Sainsburys Supermarket Ltd for a term of 15 years from March 2014 with a tenant's only break provision at the end of the 10th year. With 5 yearly reviews, collared and capped at 1% and 4% annually respectively. The current rental is £88,000 per annum and commenced 11 March 2019 after review.
Domino's Pizza have taken a 20 year lease from December 2014, current rental is
£32,000 pa.
With a break at the 11th anniversary, 5 yearly upward only rent reviews at market rent, next review 2024).
Bristal Investments Ltd (registration No: 04953192) commenced trading in 2003 and have taken a 15 year full repairing and insuring lease within the Act from 19th November 2017, subject to market value rent reviews at years 5 and 10 with a tenant only break clause at the end of year 10, by giving 6 months written notice.
Rental for years 1 and 2 is £28,000 per annum plus VAT and years 3, 4 and 5 at £31,500 per annum plus VAT.
Our Clients would consider disposing of Jansel 2 (t/as Costa Coffee) under a separate agreement. Offers are sought in excess of £900,000 for the freehold interest.
Valuable Investment Opportunity. Two buildings to include three retail units totalling 7,000 sq ft
Tenants - Sainsbury's Supermarket. Domino's Pizza and Costa Coffee
Occupying other units within the shopping centre - Budgens, Martins the Newsagents, Banks, Restaurants, Bookmakers and a public House.
Very busy neighbourhood shopping centre in densely populated residential area.
Offers invited in excess of £4m for the freehold interest in both buildings including the three retail units.
Our Clients would consider disposing of Jansel 2 (t/as Costa Coffee) under a separate agreement
Jansel Square benefits from ample car parking, which is free for 2 hours and £1 thereafter.
Bedgrove is probably one of the most popular neighbourhood shopping centres in Buckinghamshire
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