Investment.

High Wycombe.

300 London Road, HP11 1LJ

Map View

Status.

Sold on 08/07/2022

Accommodation.

See attached brochure.

Price.

£11,000,000 (Subject to Contract and Exclusive VAT)

Service Charge.

£59,025 per annum

Location.

High Wycombe is a highly affluent Thames Valley town, strategically located 35miles (56km) miles west of central London. The town is situated at the edge of the Chiltern Hills and draws on a sizeable consumer base of circa 302,000 (PMA), with the closest larger competing towns of Maidenhead, Slough, Oxford and Reading all beyond a 20-minute drive time. The town benefits from excellent road and transport communications.

The property is prominently situated on the southern side of the A40 London Road in close proximity to its’ junction with Rye mead Way and to Wycombe Retail Park. London Road has the largest concentration of retail warehousing in High Wycombe and there is also a substantial provision of new residential developments in the surrounding area

Description.

Erected in mid-1990’s, the property comprises a single storey standalone, former Homebase, store that has recently been refurbished in 2020 and is fully let to Lidl. Two additional adjoining pod units were constructed in 2021. The building is of steel frame construction with a ground bearing reinforced in-situ concrete slab and masonry cavity walls with fair faced brickwork on the external elevations and a pitched roof

Rent.

637299.50 per annum exclusive

Tenure.

Freehold

Yield.

A net initial yield of 5.15%.

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Ed Smith.

Partner | Investment

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

abrdn

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G Real Estate

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson