December 17, 2020 Claire Dickinson

FREEHOLD RETAIL/GYM/RESIDENTIAL INVESTMENT AVAILABLE IN BURNHAM

The property comprises a mid-terrace, retail, residential and gym premises on 3 storeys. It has a lock-up shop on ground trading as MG Barbers, a separate rear building let to a fitness business and a vacant two bedroom flat on first and second floors approached from the rear. Approx. net areas:

Retail: 34.6 m2 (372 ft2) NIA overall
Gym: 44.0 m2 (474 ft2) NIA overall
Flat: In all circa 52.6 m2 (566 ft2) internal plus bathrooms, circulation space and external balcony; 3 rooms, K & B.

The shop is let to one individual on a 10 year lease from 26/4/2018, with the next rent review June 2023, at £12,000 p.a.x. payable monthly. The fitness studio is let for 5 years from 1/2/2018 at £6,600 p.a.x., payable monthly. The flat is vacant. Total current income is £18,600 p.a.x.We are seeking offers in excess of £500,000 for the freehold interest in the building.

The property is situated on the west side of High Street in the centre of the town of Burnham, 100 m or so north of its junction with Jennery Lane and its public car park. No 87 is one of 5 terraced properties set back from the street with customer parking in front. To the right of the shop is a passage leading to the rear of the properties and it is from this that the rear ground floor gym and the flat are accessed. Burnham is a small market town between Slough and Beaconsfield.

For further details please call Philip Marsh on 01494 683642 or e-mail philip@pmcd.co.uk