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Investment Highlights
- Prominent Business Location
- High Ceilings
- Solid Transport Links
Executive Summary
RETAIL UNIT - VIRTUAL FREEHOLD FOR SALE APPROX GIA 70.9 SqM (763 SqF) OPPOSITE WAITROSE AND ANYTIME FITNESS NEW ALUMINUM SHOPFRONT SHORT STAY STREET PARKING CLOSE TO PUBLIC CAR PARK PROVIDED AS SHELL WITH 3 -PHASE ELECTRIC CABABILITY 40% BUSINESS RATES DISCOUNT UNTIL APRIL 2026 (SUBJECT TO STATUS) 36 NEW APARTMENTS AVAILABLE FOR SALE ABOVE LOCATION The premises are located on the south side of Station Road opposite Waitrose, near Anytime Fitness gym and very close to the public car park. Short-stay street parking is in front of the property and along Station Road. Many of the office buildings in Station Road have been converted to flats leaving a healthy mix of office and residential nearby as well as retail and restaurant/coffee shop uses. Gerrards Cross is an affluent commuter town, conveniently located with good access to J2 M40 (approx 3 miles), J1A M40 and J16 M25 (approx 6 miles). The mainline station is served by the popular Chiltern Line with regular services to Birmingham and approx 25 minutes to London Marylebone. DESCRIPTION The property is provided as an open plan unit ready for a tenant's specific fitting out. It has an approx. gross internal area of 70.9 sm (763 sf). ENERGY PERFORMANCE CERTIFICATE Rating E (104). We consider this rating can be markedly improved following well considered fitting out works. TERMS A 999 year lease (virtual freehold) is available at a guide price of £365,000 plus VAT SERVICE CHARGE To be advised but understood will only cover contributions to upkeep of rear servicing areas/ access and shared service media and associated management fees. BUILDING INSURANCE To be advised VAT VAT is payable on the purchase price. BUSINESS RATES The 2023 Rateable Value is to be assessed but with reference to the Rateable Values attributed to the adjacencies in the block we consider a Rateable Value of around £17,250 should be anticipated for a retail use. Assuming a Rateable Value of £17,250, Rates payable for tax year 2025/2026 will be approx. £8,600 before discounts subject to status. NB: The Government has continued the Retail, Hospitality and Leisure relief Discount AT 40% for this tax year for qualifying businesses - Rates payable for relevant businesses should therefore be approx. £5,160 - details on application or from Buckinghamshire Council - 01895 837540
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
763 SF
Building Class
B
Year Built
1993
Price
$499,357
Price Per SF
$654.47
Tenancy
Single
Building Height
3 Stories
Frontage
25’ on Station Road
Amenities
- 24 Hour Access
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Nearby Major Retailers
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32C Station Rd
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