79-81 Packhorse Road, Gerrards Cross, Buckinghamshire
, SL9 8PQ
, United Kingdom Price: Sale Price: £650,000
Size: SOA Primary Category: Investment All Categories:
Investment, Shop, Property Ref/Movehut: MH661187 Property Ref/Agent: 317
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: October 23, 2021
The property is situated on the west side of Packhorse Road close to its junction with Ethorpe Crescent in the heart of the town. Street car parking is available close by, as are several public car parks, and the mainline railway station is a few hundred metres away. There is an excellent mix of retailers and restaurants nearby.
Gerrards Cross is an affluent small town just off the A40 to the west of London and sits 4 miles east of Beaconsfield and junction 2 of the M40.
The property comprises a mid-terrace 3 storey, mixed use premises, having two lock-up retail shops on ground and three residential flats above, the latter approached from an entrance in Ethorpe Crescent.
Shop 79 is let to G&N Enterprises Ltd, trading as One 4 Six Coffee (facebook.com/one4sixgerrardscross), on a 10-year term expiring April 2029, at £20,000 p.a.x. There is a rent review in April 2024 and tenant's break option April 2026. Shop 81 is let to GX Lighting Ltd, trading as Lighting Matters (lightingmattersbucks.co.uk), on a 5-year term expiring April 2024, at £25,000 p.a.x.
Two of the three flats have been sold off on long-leasehold terms expiring 2171, paying £100 and £200 p.a. ground rents, and the third flat has a term expiring 2081(60 years) at £100 p.a. All ground rents double in 2048.
EPC for 79-81 Packhorse Road, Gerrards Cross, Buckinghamshire
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