Property photos
£1,750,000
Property for sale
7 The Broadway, Penn Road, Beaconsfield, Buckinghamshire HP9Available immediately
Local area information
Property location
Nearby amenities
- High March School 0.1 miles
- Beaconsfield 0.2 miles
- Davenies School 0.4 miles
- Seer Green 1.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Beaconsfield to find out more about the local area.
Features and description
Freehold restaurantinvestment for sale
Newly let to megans
11 years to first break
6.5% net initial yield
part of A mixed-use scheme (other parts potentially available)
Location
Beaconsfield lies close to junction 2 of the M40 and benefits from a fast rail service to London from its mainline station, very near
to the property. The premises are located in a prominent, central location in Beaconsfield New Town, close to Waitrose, in a parade which includes Toni & Guy and Nationwide, and within a good restaurant pitch. Other nearby leisure uses include Beech House (Oakman Inns), Koyo (Japanese tapas) and Fego.
Description
The property comprises a three-storey end of terrace building with the upper and rear areas 'sold off' on long leases. Recently let to Shakshorizo Ltd, t/a
Megans, extensive shopfitting is about to commence to provide approximate areas:
Restaurant: 322 m2 (3468 ft2) NIA
A forecourt of approximately 1000 ft2 suitable for outside dining.
Tenancies
The ground floor of the property is let to Shakshorizo Ltd, t/a Megans, with a guarantee from parent company, Chelsea Fine Food Ltd on a lease for a term of 25 years with 5 yearly rent reviews and with tenant options to break at year 11 and 5 thereafter yearly at a commencing rent of £120,000 p.a.x. Copy
documentation available on request.
EPC
To be assessed on completion of tenant's fit out.
Terms
We are seeking offers in excess of £1,750,000 for the freehold interest.
Legal costs
Both parties' legal costs to be borne by the purchaser.
Newly let to megans
11 years to first break
6.5% net initial yield
part of A mixed-use scheme (other parts potentially available)
Location
Beaconsfield lies close to junction 2 of the M40 and benefits from a fast rail service to London from its mainline station, very near
to the property. The premises are located in a prominent, central location in Beaconsfield New Town, close to Waitrose, in a parade which includes Toni & Guy and Nationwide, and within a good restaurant pitch. Other nearby leisure uses include Beech House (Oakman Inns), Koyo (Japanese tapas) and Fego.
Description
The property comprises a three-storey end of terrace building with the upper and rear areas 'sold off' on long leases. Recently let to Shakshorizo Ltd, t/a
Megans, extensive shopfitting is about to commence to provide approximate areas:
Restaurant: 322 m2 (3468 ft2) NIA
A forecourt of approximately 1000 ft2 suitable for outside dining.
Tenancies
The ground floor of the property is let to Shakshorizo Ltd, t/a Megans, with a guarantee from parent company, Chelsea Fine Food Ltd on a lease for a term of 25 years with 5 yearly rent reviews and with tenant options to break at year 11 and 5 thereafter yearly at a commencing rent of £120,000 p.a.x. Copy
documentation available on request.
EPC
To be assessed on completion of tenant's fit out.
Terms
We are seeking offers in excess of £1,750,000 for the freehold interest.
Legal costs
Both parties' legal costs to be borne by the purchaser.
More information
Listed by
Philip Marsh Collins Deung
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Philip Marsh Collins Deung. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Philip Marsh Collins Deung for full details and further information.