Excellent commercial investment on High Wycombe High Street

Description:
We are happy to bring to market this fantastic opportunity to purchase a large commercial unit in an excellent Town Centre location. The unit is currently let to Ladbrokes (T/A Coral) at a rent of £42,000 p.a. The lease reverts on November 5, 2027. The price represents a strong gross initial yield of 8.8%.

Key Features:
• Tenure – New long lease
• Premises totals 105.55 sqm / 1,136 sqf
• Let to Ladbrokes (T/A Coral) until 05/11/2027
• Current rental income of £42,000 p.a.
• High yield investment
• Price: £475,000 ex-vat
• Vat is applicable to this property

Location:
High Wycombe is a major retail and office centre located 28 miles to the north-west of London, and just 10 miles out of the M25. The M40 serves the town, providing easy access to London and the Midlands.

The property itself is in the town centre, on a prime corner location, on the ground floor of an elegant period building. The shop fronts the High Street at the start of its pedestrian section on one side, and Corporation St on the other. The train station is a few minutes’ walk away, providing transport to London in 30 minutes.

Occupiers close by include Santander, Iceland, NatWest and other local and national retailers.

Vanderwald Estates have represented the information here based on information provided by the vendor. All potential buyers should only rely on their own due diligence and inspections.