December 11, 2020 Claire Dickinson

FREEHOLD RETAIL INVESTMENT IN GREAT MISSENDEN

The property comprises an end of terrace, mixed retail, residential and dental premises on 2 storeys (the rest of the terrace being 3 storey). It has a lock-up shop on ground floor, let to individuals trading as “Samways” Newsagents, Post Office and Store (established circa 1938), a separate dental surgery and two one bedroom flats on first floor approached from the side. Approx. retail areas:
Retail: 71.3 m2 (768 ft2) NIA overall*
* taken from business rates valuation, therefore to be verified

The shop is let to two individuals on a 25 year effectively FRI lease from 6/1/2006, with the next rent  review 6/1/2023, held at the original 2006-level rental of £10,000 p.a.x. The dental surgery is let for 250 years from 2019 at a ground rent of £150, and the two flats are long-leasehold each at £150 p.a. Ground rents subject to fixed increases. Total current income is £10,450 p.a.x.

Station Approach (A4128) leads to Prestwood and High Wycombe from the centre of Great Missenden. No 35 is situated on the western side close to the mainline railway station and near the junction with High Street just off the A413 Aylesbury to Amersham trunk road.

We are seeking offers in excess of £180,000 for the freehold interest in the building. For further details please call Philip Marsh on 01494 683642 or e-mail philip@pmcd.co.uk