LOT 32

18 Queens Square, High Wycombe, Buckinghamshire, HP11 2DF

FREEHOLD COMMERCIAL INVESTMENT
Guide price: £280,000 - £300,000*

Auction Date

Monday, 10th December 2018 11:00am

IN SAME FAMILY OWNERSHIP SINCE 1985

Location & Description

An attractive three storey property comprising a ground floor optician with internal access to ancillary accommodation on two upper floors. Occupying a prominent trading position within the heart of the pedestrianised town centre adjacent to Sally Beauty just opposite Greggs and Betfred and close to a number of other multiple retailers including Lloyds, Paddy Power, Shoe Zone and William Hill. The Eden Centre with multi-storey car park is within close proximity. High Wycombe mainline station is about ¼ mile away.

Accommodation

Ground Floor: 749 sq ft (69.5 sq m)
First Floor: 544 sq ft (50.5 sq m)
Second Floor: 378 sq ft (35.1 sq m)
Let on a repairing and insuring lease to Scrivens Ltd for 5 years from 09.10.2017 at £23,000 p.a. This is a renewal of a previous 15 year lease.

Note

1. Tenant Profile: www.scrivens.com
Having over 175 branches. For the year ended 29.10.2017, Scrivens Ltd reported a turnover of £39.33m, a pre-tax profit of £2.29m and net assets of £4.84m.
2. We understand the property has been used as an Optician since 1958.

EQUIVALENT TO £23,000 p.a.

EPC Rating

D

Property Features

  • Let to Scrivens Limited
  • Equivalent to £23,000 p.a.
  • Town Centre Location

Status

Sold for £336,000

Addendum

Notwithstanding the special conditions, completion will now be 6 weeks. The property is within the High Wycombe Town Centre Conservation Area and is locally listed.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.