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Grocery or Local Shop for Sale near Aylesbury, UK

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Retail Properties for Sale Near the Aylesbury, UK

More details for Jansel Sq, Aylesbury - Retail for Sale

Jansel Sq

Aylesbury, HP21 7ET

  • Retail for Sale
  • £3,000,000
  • 7,000 sq ft

Aylesbury Retail for Sale

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 £163,550 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 with a break at the 11th anniversary, 5 yearly upward only rent reviews at market rent, first review 01.12.2019 (likely to improve to £35,000 pa). 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 the region of £1.025 million for the freehold interest. Offers invited in the region of £4 million for the freehold interest in both buildings, after the review on Domino’s and including the three retail units, which reflects a gross initial yield of 4.08%.

Contact:

Chandler Garvey Ltd

Property Subtype:

Shopfront Retail / Residential

Date on Market:

15/05/2019

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FAQs about Aylesbury Grocery & Local Shops For Sale

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How many Grocery or Local Shop listings are available for sale in Aylesbury?
There are currently 2 Grocery & Local Shops on the market in and around Aylesbury.
How much does it cost to buy Grocery or Local Shop in Aylesbury?
Asking prices in Aylesbury range from £156 to £191, with a median of £174. Price depends on size, tenure and condition.

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