26 bedroom house share for sale
Key information
Property description & features
- Tenure: Freehold
- Large former stable block
- Currently arranged as a 26 Bedroom HMO
- Sale and Leaseback
- 15 year FRI Lease
- Strong Covenant
- No breaks
- 5 yearly rent reviews
- Strong income
- Superb location
Freehold. The property is offered for sale with a brand new 15 year FRI lease on completion with no breaks to Champneys Tring Ltd and a parent company guarantee.
Initial rent of £200,000 per annum offering a great return on investment.
5 yearly rent reviews - no breaks
Champneys will require a buy back clause should the successful purchaser wish to sell on the site to another party giving them the right of first refusal.
Location
The 170 acre Champneys Tring Spa Resort which is located in the beautiful Hertfordshire village of Wiggington which is located between Tring and Berkhamsted.
The property is located approximately 30 miles north west of London close to Buckinghamshire borders and is accessible from both Chesham Road which provides the main entrance as well as from Rossway Lane which provides a surrounding area is typically made up of open countryside and large luxury residential properties.
Road communications are good with the A41 being easily accessible which provides access to the M25 with Tring and Berkhamsted railway stations providing excellent accessibility to Central London with journey times from 32 minutes.
Tring is in Hertfordshire, about 48 km (30 miles) north west of London, near the Buckinghamshire border. The town has very good transport links, including the A41 dual carriageway and Tring railway station, which provides regular services to London Euston and Birmingham. The local economy includes retail, education and tourism. Notable attractions include the National History Museum at Tring and the nearby Chiltern Hills Area of Outstanding Natural Beauty. The area also has various amenities, including shops, schools and recreational facilities.
HMO Licence - M056311
Licence valid from:
10 September 2024
to:
9 September 2029
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