Property photos
From
£2,950,000
(£2,950.00/sq. ft)
Property for sale
6/7 The Broadway, Penn Road, Beaconsfield, Buckinghamshire HP9From 1,000 - 3,960 sq. ft
Available 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 restaurant & HMO investment with development potential for sale
Ground floor newly let to megans
Fully let 1st & 2nd floor HMO
2 x 1 bed flats
approx 6.5% net yield
Can be sold separately
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. 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 recently let ground floor restaurant (opening soon as 'Megans') first & second floor 7-room HMO with separate access and 2 one-bed flats. Approximate areas:
Restaurant: 322 m2 (3468 ft2) gia plus forecourt of approx. 1000 ft2
1st/2nd Floor: 7 letting rooms, 2 x 1bed flats, approx. 275 m2 (2960 ft2) gia
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. 1st/2nd floor HMO and flat lettings are short term agreements producing approximately £92,700 p.a. Which we are informed nets back to circa £85,000 p.a.
Copy documentation available on request.
EPC
Tbc.
Terms
£2,950,000 for the freehold interest.
Legal costs
Both parties' legal costs to be borne by the purchaser.
Ground floor newly let to megans
Fully let 1st & 2nd floor HMO
2 x 1 bed flats
approx 6.5% net yield
Can be sold separately
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. 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 recently let ground floor restaurant (opening soon as 'Megans') first & second floor 7-room HMO with separate access and 2 one-bed flats. Approximate areas:
Restaurant: 322 m2 (3468 ft2) gia plus forecourt of approx. 1000 ft2
1st/2nd Floor: 7 letting rooms, 2 x 1bed flats, approx. 275 m2 (2960 ft2) gia
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. 1st/2nd floor HMO and flat lettings are short term agreements producing approximately £92,700 p.a. Which we are informed nets back to circa £85,000 p.a.
Copy documentation available on request.
EPC
Tbc.
Terms
£2,950,000 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.