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Boundary Rd - The Mill House 6,523 SF Specialty Building Offered at $5,272,009 at a 6% Cap Rate in High Wycombe HP10 9QN
INVESTMENT HIGHLIGHTS
- Located in the affluent Buckinghamshire town of High Wycombe
- Parking for 23 cars, including 2 EV charging points
- Current Tenant: Superior nursery offering in High Wycombe
- Extensive 1.13 acre site, including a large garden
EXECUTIVE SUMMARY
Brand new, best in class nursery investment offering outstanding amenities, located in the affluent Buckinghamshire town of High Wycombe for sale.
Seeking offers in excess of £3,950,000 reflecting an attractive Net Initial Yield of 6.00% and a Reversionary yield of 6.73% in 2029.
The property is let to Busy Bees Nurseries Ltd on a new 25 year FRI lease from 26 January 2024, expiring 25 January 2049, providing a long unexpired term of 23.7 years.
The passing rent is £252,000 per annum and is subject to 5 yearly to CPI rent reviews, with a collar and cap of 1% and 4%.
The next rent review is 26 January 2029, with a forecast rent increase to approximately £283,000 per annum.
Seeking offers in excess of £3,950,000 reflecting an attractive Net Initial Yield of 6.00% and a Reversionary yield of 6.73% in 2029.
The property is let to Busy Bees Nurseries Ltd on a new 25 year FRI lease from 26 January 2024, expiring 25 January 2049, providing a long unexpired term of 23.7 years.
The passing rent is £252,000 per annum and is subject to 5 yearly to CPI rent reviews, with a collar and cap of 1% and 4%.
The next rent review is 26 January 2029, with a forecast rent increase to approximately £283,000 per annum.
PROPERTY FACTS
| Price | $5,272,009 | Building Class | B |
| Price Per SF | $808.22 | Lot Size | 1.12 AC |
| Sale Type | Investment | Building Size | 6,523 SF |
| Cap Rate | 6% | No. Stories | 3 |
| Tenure | Freehold | Year Built/Renovated | 2020/2024 |
| Property Type | Specialty | Parking Ratio | 11.5/1,000 SF |
| Property Subtype | School |
| Price | $5,272,009 |
| Price Per SF | $808.22 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Tenure | Freehold |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 1.12 AC |
| Building Size | 6,523 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2020/2024 |
| Parking Ratio | 11.5/1,000 SF |
AMENITIES
- Signage
- Wheelchair Accessible
- Car Charging Station
- Smoke Detector
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Boundary Rd - The Mill House
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