Log In/Sign Up
Your email has been sent.
The Broadway 15 The Broadway 2,889 SF 100% Leased Retail Building Beaconsfield HP9 2TD $1,369,750 ($474.13/SF) 6.70% Cap Rate
Investment Highlights
- Prominent town centre location
- Short walk to Chiltern Line
- Development potential subject to planning
Executive Summary
Prime investment opportunity Ground floor front let to Independent Vetcare Limited t/a The Wheelhouse Veterinary Centre, with Guarantee from IVC Acquisition Limited, on a 15 year effectively FRI lease from 1 December 2018 without breaks, at a passing rent of £32,000 pax with next rent review in December 2028. Rent deposit of £9,600 is held.
Ground floor rear salon – Let to Lavender & Stone Beauty Rooms Ltd t/a The Cove on an IRI lease expiring 31 July 2025 at a passing rent of £16,020 pax. The lease benefits from security of tenure and renewal notices have not yet been served.
First floor office/tuition let to Kick Start Learning with Kerry Limited on an IRI lease from July 2024 with tenant-only break at 3 years and contracted out of The Act at a rent of £22,500 pax. Rent deposit of £6,750 is held subject to profits test
Ground floor rear salon – Let to Lavender & Stone Beauty Rooms Ltd t/a The Cove on an IRI lease expiring 31 July 2025 at a passing rent of £16,020 pax. The lease benefits from security of tenure and renewal notices have not yet been served.
First floor office/tuition let to Kick Start Learning with Kerry Limited on an IRI lease from July 2024 with tenant-only break at 3 years and contracted out of The Act at a rent of £22,500 pax. Rent deposit of £6,750 is held subject to profits test
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
2,889 SF
Building Class
B
Year Built
1926
Price
$1,369,750
Price Per SF
$474.13
Cap Rate
6.70%
NOI
$91,773
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.96
Lot Size
0.07 AC
Parking
4 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
20’ on The Broadway
Amenities
- Bus Line
- Commuter Rail
- Dedicated Turn Lane
1 1
Nearby Major Retailers
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
The Broadway | 15 The Broadway
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.