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

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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