aylesbury town centre freehold restaurant investment for sale...
TRANSCRIPT
Aylesbury Town Centre Freehold Restaurant Investment For Sale T/A Kuzzu
www.warrantgroup.net
One Wellstones Watford Hertfordshire WD17 2AE t 01923 230414 f 01923 230415 e [email protected]
56 KINGSBURY AYLESBURY BUCKINGHAMSHIRE HP20 2JE
56 KINGSBURY AYLESBURY BUCKINGHAMSHIRE HP20 2JE
Location
The attractive market town of Aylesbury is the County town of Buckinghamshire, strategically situated 40 miles north west of London, 17 miles west of Dunstable, 18 miles north west of Hemel Hempstead and 24 miles east of Oxford. It is regarded as a diversified and expanding commercial and regional centre with a resident population of approximately 58,000 persons and a catchment of over 120,000. Road communications afford good access to the M1, M25 and M40 motorways and there are regular train services to London Marylebone (approximately one hour).
The importance of Aylesbury as a retail location is shown in the recent redevelopment of the Friars Shopping Centre by Unilever and Friends Provident and the large highly skilled workforce which has attracted several major occupiers including EQUITABLE LIFE, THORN EMI, ROTHMANS UK LIMITED and RAVEL LIMITED. This will continue to underline Aylesbury’s status as a regional centre.
Situation
Kingsbury Square is located within the town centre to the edge of the pedestrianised retail centre adjoining Market Square and High Street. The property is situated on the north west side of Kingsbury Square in a prominent, but secondary retail position near to the junction with Buckingham Street.
Occupiers close by include PIZZA EXPRESS, KFC, A-PLAN INSURANCE, SWINTONS, PAPA JOHNS and PREZZO in Buckingham Street
Description
The property comprises a mid-terraced building constructed with brick elevations under a double pitched tiled roof with an extension at ground floor level.
Planning
Situated within the central shopping area the property is not Listed but lies within Aylesbury Town Centre Conservation Area.
On the 31st May 2018, Planning Permisssion was granted for the Change of Use of the building from Betting Shop (Class Sui Generis) to Restaurant (Class A3) at ground floor and the conversion of the first and second floors together with a new rear extension to create 2 x 1 bed residential apartments (Class C3).
On the 6th December 2018, Planning Permisssion was granted for a Proposed new shop front with independent access to upper floors from Kingsbury.
PAGE 01
Aylesbury
56 KINGSBURY AYLESBURY BUCKINGHAMSHIRE HP20 2JE PAGE 02
Accomodation
Gross Frontage - 21’4 ft 6.5 mNet Frontage - 17’5 ft 5.3 mShop Depth - 82’0 ft 25.0 mBuilt Depth - 94’9 ft 28.8 mGround Floor - 1785 sq ft 165.85 sq mFirst Floor 675 sq ft 62.50 sq mSecond Floor 320 sq ft 29.80 sq m
TOTAL 2,777 sq ft 258.15 sq m
Rear access to the property is via Granville Street (off Buckingham Street) and Granville Place.
To the rear of the propert is a large car park. Included within the demise is an area equivalent to seven car parking spaces. Five if these spaces have been leased in perpetuity to an adjoining owner under a conveyance dated 29th December 1971.
Energy Performance Certificate
A copy of the full EPC report is available upon request
Rating Assessment
The Rateable Value is £28,000
The Uniform Business Rate for the year 2019/20 is 49.1 p in the £.
Local Authority
Aylesbury Vale District CouncilThe Gateway Gatehouse Road Aylesbury HP19 8FF
Telephone: 01296 585858
Green Deal Information
The Green Deal will be available from later this year. To find out more about how the Green Deal can make yourproperty cheaper to run, please call 0300 123 1234.
Energy Performance CertificateNon-Domestic Building
Certificate Reference Number:0730-2928-0314-0020-8044
Ladbrokes Ltd56 KingsburyAYLESBURYHP20 2JE
This certificate shows the energy rating of this building. It indicates the energy efficiency ofthe building fabric and the heating, ventilation, cooling and lighting systems. The rating iscompared to two benchmarks for this type of building: one appropriate for new buildings andone appropriate for existing buildings. There is more advice on how to interpret this informationon the Government's website www.communities.gov.uk/epbd.
Energy Performance Asset Rating
Technical Information Benchmarks
Main heating fuel: Grid Supplied Electricity
Building environment: Air Conditioning
Total useful floor area (m2): 306
Building complexity (NOS level): 3
Building emission rate (kgCO2/m2): 100.6
Buildings similar to thisone could have ratings asfollows:
If newly built
If typical of theexisting stock
89.9m
TCBs
Fountain
LB
Posts
PLAC
E
LANE
KINGSBURY
ILLE
STR
EET
BUCKINGHAM
STREET
STM
ARY'
SRO
W
STRE
ET
PEBBLE
E
ARE
PLACE
GRANVILLE
CAMBR
IDGE
Car Park
20
PH
16
1
41a
2
56
Museum
House
King
sbur
y
Villiers
5
12
191
33
60
Victoria
39
6
12 a-g
3
8
12
1
41
7
36
Club
32
6
Brooke
5
25
4
PH
7
21a
9
1
to
18to25
6b
40
17
PH1
13to
19
11
15
6a
Hous
e
Bakery
56
5
Buildings
31
43b
31
2
27
Church
43a
Walker
House
44
14
21
2
PH
17
19
FountainCourt
to
4a4b
1
Cambr
idge
Plac
e
43cHouse
StJames
48
54
23
4
3
35
88.1m
Sub StaEl
Church
49
House
40
43
30
Hall
23
45
26
29
0m 10m 20m 30m
This map was created with Promap
Ordnance Survey © Crown Copyright 2015. All rights reserved. Licence number 100022432.Getmapping plc 2015. Plotted Scale - 1:1250
89.9m
TCBs
Fountain
LB
Posts
PLAC
E
LANE
KINGSBURY
ILLE
STR
EET
BUCKINGHAM
STREET
STM
ARY'
SRO
W
STRE
ET
PEBBLE
E
ARE
PLACE
GRANVILLE
CAMBR
IDGE
Car Park
20
PH
16
1
41a
2
56
Museum
House
King
sbur
y
Villiers
5
12
191
33
60
Victoria
39
6
12 a-g
3
8
12
1
41
7
36
Club
32
6
Brooke
5
25
4
PH
7
21a
9
1
to
18to25
6b
40
17
PH1
13to
19
11
15
6a
Hous
e
Bakery
56
5
Buildings
31
43b
31
2
27
Church
43a
Walker
House
44
14
21
2
PH
17
19
FountainCourt
to
4a4b
1
Cambr
idge
Plac
e
43c
House
StJames
48
54
23
4
3
35
88.1m
Sub StaEl
Church
49
House
40
43
30
Hall
23
45
26
29
0m 10m 20m 30m
This map was created with Promap
Ordnance Survey © Crown Copyright 2015. All rights reserved. Licence number 100022432.Getmapping plc 2015. Plotted Scale - 1:1250
56 KINGSBURY AYLESBURY BUCKINGHAMSHIRE HP20 2JE PAGE 03
INVESTMENT DETAILS
The property is let to new Private Company, Arslan Power Limited on a full repairing and insuring lease for a term of 15 years as from the 8th March 2019 at a rent of £40,000 per annum exclusive, being subject to five yearly upward only rent reviews.
The tenants received the benefit of a six month rent free period and in which respect, the rent commencement date is the 8th September 2019.
The Tenants have paid a six months rent deposit plus VAT (£24,000)
TERMS
Freehold Sale Price
£585,000 exclusive of VAT Subject to Contract
Value Added Tax
The property is registered for Value Added Tax and accordingly VAT is payable on the purchase price.
Legal Costs
Each party is to bear their own legal costs.
Viewing
Strictly by appointment with the Owners Agents: -Warrant Properties Limited, One Wellstones, Watford, Hertfordshire WD17 2AE / Telephone: 01923 230414
Estate Agents Act 1979
In accordance with the requirements of the Estate Agents Act 1979, a Director of Warrant Properties Limited has an interest in the freehold interest of the property.
Further Information & Contacts
Disclaimer:
Warrant Properties Limited gives notice that these details are set out as a general outline only for guidance. All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and their details are provided in good faith and
are believed to be correct but any reader should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
No person in the employment of Warrant Properties Limited has any authority to make or give any representations or warranty whatever in relation to these properties or the details, nor enter into any contract relating to the property on behalf of Warrant
Properties Limited. No responsibility can be accepted for any expenses incurred by parties inspecting properties.
December 2019
JAMES FASAL
Warrant Properties LimitedOne Wellstones WatfordHertfordshire WD17 2AE
Tel: 01923 230414