1 St. Giles Walk High Street

Chalfont St. Giles, HP8 4QA

Under Offer

Type: Investment, Retail      Size: 973 sq ft      Tenure: Freehold

LOCATION
The premises are situated on The Green, in the centre of the village. The A413 is close at hand, giving swift access to the M25 to the south and Amersham and beyond to the north. The location is a mixed retail, restaurant and residential one, with mostly independent businesses in an affluent local catchment.

What3Words Location: ///ENTER.CROWNED.WEEP

DESCRIPTION
The property comprises a very attractive period building with residential first floor (sold off) and two small shop units sharing a common entrance and lobby, and with rear servicing and parking. Both tenants have been at the property for a long time and trade well. No rents are outstanding, with both tenants paying through the Covid lock-down period.

The following approx. floor areas apply:
Shop 1:
Overall: 61.13 m2 (658 ft2)
Store: 4.83 m2 (52 ft2)
Total: 65.96 m2 (710 ft2)
ITZA: 35.1 m2 (377.8 ft2)

Shop 2:
Overall: 24.43 m2 (263 ft2)
ITZA: 20.25 m2 (218 ft2)

TENANCIES
Shop 1 is let to 2 partners Trading as Village Hair on an effectively FRI lease, recently extended to expire 24 March 2028, at a passing rent of £12,000 p.a.x. payable monthly in advance. Shop 2 is let to an individual for a term expiring 24 March 2028 and with a rent review 25 March 2023 (not implemented). A side letter excludes external repairs, personal to the current tenant. The passing rent is £8,000 p.a.x.

EPC
Shop 1: D
Shop 2: C

TERMS
We are seeking offers in excess of £280,000 for the freehold interest.

LEGAL COSTS
Both parties’ legal costs to be borne by the purchaser.

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MISREPRESENTATION ACT 1967

Philip Marsh Collins Deung Chartered Surveyors and their clients give notice that (i) these particulars are issued as a general guide and so not constitute part of an offer or contract. (ii) Whilst all care is taken in the preparation of these details they cannot be relied upon as statements or representations of facts and no liability can be accepted as to their accuracy. Intending occupiers or purchasers should make their own investigations to satisfy themselves as to the facts, and should take professional advice (iii) no person in the employment of Philip Marsh Collins Deung Chartered Surveyors has any authority to make or give any representation or warranty in relation to the property (iv) unless stated otherwise, rents or prices quoted are exclusive of VAT.