Investment---High-Wycombe_sold

Status: Sold

Terms: Freehold

Price: £5,400,000

Yield: 7.00%

Staples, Queen Alexandra Road/Marlow Hill, High Wycombe HP11 2JX

  • High Wycombe is an affluent south east town, with an extensive catchment population of approximately 223,000 (Promis)
  • Highly accessible location being situated on the A404 Marlow Hill, providing direct access to the M40 motorway located 1 mile (1.6km) to the south
  • Prominent town centre site situated adjacent to Buckinghamshire New University and within walking distance of the town centre
  • Solus retail warehouse unit compromising 15,533 sq ft (1,443 sq m) of well configured flexible accommodation together with 93 car parking spaces equating to an excellent ratio of 1:167 per sq ft
  • Let in its entirety to Staples UK Retail Limited until 13 August 2027, with a tenant only break option on 14 August 2022
  • Passing rent of £200,000 with a fixed uplift to £400,000 per annum in February 2015, equating to £25.75 per sq ft. The vendor will top up the rent until February 2015
  • Unrestricted Open A1 planning consent
  • Freehold
  • Strategic town centre site offering future redevelopment potential
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