Petrol Stations for sale in the HP21, Aylesbury

Commercial Property in HP21 available for sale

Retail Properties for Sale Near the HP21, Aylesbury

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%.