Highway House, 17 London End, Beaconsfield, Buckinghamshire, HP9 2HN

Lot Image

Auction sale - Monday 17th July 2017

Result:

Sold Prior to auction, for an undisclosed amount

  • Freehold office investment
  • Let to Aquinna Homes Plc until 2021
  • Current rent £60,000 per annum
  • Potential for further development (subject to consents)
  • 2,754 sq ft (255.87 sq m)

Details

Location

Summary: A well located office investment on a long site with possible further development potential (subject to consents)
Miles: Central London 24 miles, High Wycombe 6 miles, Gerrards Cross 4 miles
Roads: B474, A40, A335, M40 (junction 2)
Rail: Beaconsfield to London (Marylebone) with a fastest journey time of 23 minutes
Air: Heathrow Airport

Description

The property comprises a Grade II listed two storey building fronting London End together with a more modern single storey rear annexe all arranged as offices totalling approximately 2,754 sq ft (255.87 sq m). There is ample car parking to the rear that is accessed via a service road from London End beneath part of the first floor of the property.

The property is situated on the north side of London End close to the roundabout with Windsor End, Shepherds Lane, Wycombe End and Aylesbury End

Tenure

Freehold

Planning

The property occupies the front section of a deep site. There could be further development potential at the rear of the site subject to consents. Interested parties will need to carry out their own due diligence and make further enquiries to South Bucks District Council (01895 837210) www.southbucks.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq Ft Lease Terms Rent £ pa
TOTAL 255.87 2,754 £60,000
Highway House, 17 London End Aquinna Homes Plc (1) Ground First Rear annex Office 91.23 96.06 68.58 982 1,034 738 5 years 3 months expiring on 25/03/2021 £60,000
(1) There is a tenant break on 25/03/2019 upon one months' written notice. To the year ending 31/12/2016, Aquinna Homes Plc reported a turnover of £21.72 million, pre-tax profits of £2.05 million and shareholders' funds of £7.76 million. (Source: Directors report and financial statement). Aquinna Homes was founded in 2004 and has been recognised in the 2016 'Sunday Times Virgin Fast Track 100' highlighting Britain's private companies with the fastest growing sales over the last three years. For further information visit www.aquinnahomes.com.

Joint auctioneers

Lambert Smith Hampton

John Williams

01628 678 180

jwilliams@lsh.co.uk

Contact

Seller's solicitor

Beor Wilson Lloyd

David Jones

01792 655178

david@bwl-law.co.uk

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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