MapCommercial development for sale
Features and description
- Tenure: Freehold
- Freehold investment business not affected
- Building measuring 1884 square feet (175 sqm)
- Ground floor retail unit with two, one bedroom apartments above
- Retail unit currently pays a rent of £18,000
- One bedroom flat included and let at £1075 pcm (£12,900 pa)
- Total gross income of £30,900 pa = 5.6% YIELD
FREEHOLD INVESTMENT - BUSINESS NOT AFFECTED ...
An opportunity to purchase an established freehold building measuring 1884 square feet (175 sqm) in total and comprising of a ground floor retail unit with two, one bedroom apartments above. One of the apartments is empty and included in the sale, the other apartment has been sold off. The property is situated in the heart of the bustling and affluent Village of Chalfont St Peter within easy access of all transport links.
The retail unit currently pays a rent of £18,000 per annum and the one bedroom flat above is currurrently let for a rent £1,075 pcm (£12,900 pa). Therefore giving a total annual income of £30,900 per annum which represents a potential gross yield of 5.6%.
Legal Costs are to be borne by each party.
The freehold building also offers the opportunity for furher residential development. The first floor of other properties along this parade have been extended to create multiple flats and /or buildings at the rear of the property. Demand for one bedroom apartments is extremely high whether they be for sale or rent.
The property is situated within the heart of Chalfont St Peter Village centre. A variety of local shopping facilities, M & S Food Hall, Costa Coffee, Doctors Surgery and local transport links will be found in the village. Chalfont St Peter Infant School, Academy and Community College are all also within walking distance.
Gerrards Cross is situated approximately 2.0 miles away, providing a wider range of shopping facilities and Mainline station with trains into Marylebone in approximately 22 minutes. Central London is easily accessible by road via the M40 (J1A) and M25 (J16) plus access to Heathrow and Gatwick Airports.
Buckinghamshire is renowned for its education system, with an excellent choice of state and independent schools, including Dr Challoners High School for Girls and Dr Challoners Grammar School for Boys. The area is well served for sporting facilities with The Buckinghamshire, Stoke Park, Gerrards Cross and Denham Golf Courses within the area.
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