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The Broadway 15 The Broadway 2,889 sq ft 100% Let Retail Property Beaconsfield HP9 2TD £1,000,000 (£346.14/sq ft) 6.70% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominent town centre location
- Short walk to Chiltern Line
- Development potential subject to planning
EXECUTIVE SUMMARY
Prime investment opportunity Ground floor front let to Independent Vetcare Limited t/a The Wheelhouse Veterinary Centre, with Guarantee from IVC Acquisition Limited, on a 15 year effectively FRI lease from 1 December 2018 without breaks, at a passing rent of £32,000 pax with next rent review in December 2028. Rent deposit of £9,600 is held.
Ground floor rear salon – Let to Lavender & Stone Beauty Rooms Ltd t/a The Cove on an IRI lease expiring 31 July 2025 at a passing rent of £16,020 pax. The lease benefits from security of tenure and renewal notices have not yet been served.
First floor office/tuition let to Kick Start Learning with Kerry Limited on an IRI lease from July 2024 with tenant-only break at 3 years and contracted out of The Act at a rent of £22,500 pax. Rent deposit of £6,750 is held subject to profits test
Ground floor rear salon – Let to Lavender & Stone Beauty Rooms Ltd t/a The Cove on an IRI lease expiring 31 July 2025 at a passing rent of £16,020 pax. The lease benefits from security of tenure and renewal notices have not yet been served.
First floor office/tuition let to Kick Start Learning with Kerry Limited on an IRI lease from July 2024 with tenant-only break at 3 years and contracted out of The Act at a rent of £22,500 pax. Rent deposit of £6,750 is held subject to profits test
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
2,889 sq ft
Costar Property Class
B
Year Built
1926
Price
£1,000,000
Price per sq ft
£346.14
Yield
6.70%
NOI
£67,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.96
Total Plot Size
0.07 ac
Parking
4 Spaces (1.52 Spaces per 1,000 sq ft Leased)
Frontage
20 ft on The Broadway
AMENITIES
- Bus Route
- Commuter Rail
- Dedicated Turn Lane
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NEARBY MAJOR RETAILERS
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The Broadway | 15 The Broadway
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