attractive south east office & residential ...attractive south east office & residential...
Post on 20-Jun-2020
3 Views
Preview:
TRANSCRIPT
16-20 WARWICK ROAD
BEACONSFIELD HP9 2PEATTRACTIVE SOUTH EAST OFFICE & RESIDENTIAL INVESTMENT OPPORTUNITY
16-20 WARWICK ROAD
BEACONSFIELD HP9 2PEATTRACTIVE SOUTH EAST OFFICE & RESIDENTIAL INVESTMENT OPPORTUNITY
INVESTMENT CONSIDERATIONS
■ Located within the affluent commuter town of Beaconsfield
■ Situated a 5 minute walk from Beaconsfield Train Station and Town Centre
■ The property comprises two attractive detached buildings. 16 Warwick Road provides a 5,040 sq ft self contained office. 20 Warwick Road provides three flats let on ASTs
■ Fully let to 4 tenants with a current rent of £168,400 per annum, reflecting £25.20 psf on the office accommodation
■ The office accommodation is let in its entirety to Sacla UK Ltd on a 10 year lease from 22nd August 2013
■ The office benefits from 23 on-site car parking spaces, reflecting a ratio of 1:219 sq ft, each flat benefits from a garage car parking space
■ Freehold
■ Future development of the site and existing office accommodation to residential (STP)
PROPOSAL
■ Offers sought in excess of £2,700,000 (Two Million, Seven Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 5.86% assuming standard purchaser’s costs.
16-20 WARWICK ROAD
BEACONSFIELD HP9 2PEATTRACTIVE SOUTH EAST OFFICE & RESIDENTIAL INVESTMENT OPPORTUNITY
LONDONHeathrow
LondonCity
Gatwick
StanstedLuton
J27J25J23
J21
J20
J19
J16
J15
J2
J12
J10
J7J8
J9
J6
J5
J3
J2
J29
J28
A5
A505
A418
A602A131
A130
A138
A130
A127
A217
A331
A322
A339
A232
A264
A229
A120
A404
A355
A404
A413
A4142
A4010
A414
A414
A414
A1
A2
A3
A41
A34
A40
A31
A24
A22
A21
A20
A10
A10
A12
A12
A13
A26
A21
A23
A23
A420
A303
A34
A34
A44
A40
M1
M4
M4
M2
M3
M3
M10
M40
A404(M)
A329(M)
M25
M25
M25
M25
M25
M25
M23
M26
M20
M20
M11
M11
A1(M)
M1
Harlow
Epping
Hertford
LUTON
Aylesbury
DunstableStevenage
Hatfield
Dartford
Bromley
Gravesend
GillinghamRochester
Sittingbourne
Croydon
Biggin Hill
Romford
Tonbridge
RoyalTunbridge
Wells
Maidstone
Snodland
Sheerness
StaplehurstPaddockWood
CrawleyThree Bridges
Horley
Horsham
Witley
Godalming
Cranleigh
HaywardsHeath
Redhill
Oxted
DorkingGUILDFORD Reigate
HemelHempstead
Chesham
St Albans
HighWycombe
Thame
Watford
WembleyUxbridge
Ruislip
Woking
Harefield
Hampstead
Enfield
Windsor
Aldershot
Alton
BASINGSTOKE
Famham
Fleet
Bracknall
Ascot
Sandhurst
READING
OXFORD
Maidenhead
EpsomSutton
Ashford
Hounslow
Southall
Billericay
Wickford
Southend-on-SeaCanveyIsland
Chelmsford
ChippingOngar
Basildon
Walton-on-Thames
KingstonUpon Thames
Clapham
Harpenden
Eton
Marlow
Egham
HurleySLOUGH
BEACONSFIELD
P
REYNOLDS ROAD WARWICK ROAD
GRENFELL ROAD
CALEDON ROAD
WILT
ON
CRE
S
BARING ROAD
MAXWELL ROAD
B
URK
ES RO
AD
GRO
VE R
D
B4747 PENN
ROA
D
STATION
ROAD
B4747
GREGORIES ROAD
LEDBOROUGH LANE
BEACONSFIELDSTATION
PROPERTY
LOCATION
Beaconsfield is an affluent and established residential and commercial town located approximately 5.4 miles (6.7 km) south east of High Wycombe, 18.6 miles (29.9 km) south west of Watford and 8.7 miles (14.0 km) north west of Slough. Beaconsfield is situated in the heart of Buckinghamshire in the Chiltern Hills area of Outstanding Natural Beauty.
Beaconsfield is a popular and affluent commuter town whilst benefiting from excellent road communications. The town is located adjacent to the A40 and J2 of the M40 Motorway, providing access to London’s inner ring roads and the rest of the UK.
The town is served by Beaconsfield Rail Station, offering direct services to London Marylebone, High Wycombe and Oxford.
M40 (Junction 2) 6 minutes
Oxford 48 minutes
Heathrow 14 miles
Gatwick 43 miles
High Wycombe 5 minutes
London Marylebone 20 minutes
Journey time source: Google/National Rail
SITUATION
The property is situated on the southern side of Warwick Road, close to its junction with Penn Road (B474). Warwick Road is centrally located, c. 400 ft east of the town’s main retailing pitch and approximately 1,500 ft north west of Beaconsfield Station.
Occupiers within the immediate vicinity include Waitrose, Oxfam, Barclays Bank, HSBC and several independent restaurants and cafés.
TENURE
The property is held freehold.
DESCRIPTION
The office accommodation is arranged over ground and two upper floors totalling approximately 5,040 sqft (468.2 sqm). Internally the ground floor provides a reception area and meeting rooms.
The first and second floors comprise office accommodation, staff kitchen and meeting rooms. There are WCs located at each mid-level with a disabled and female WCs to the ground floor.
There is car parking to the rear of the site for approximately 23 cars with 3 garage spaces.
The residential accommodation provides three, 2 bedroom apartments with kitchen, bathroom and living room. The apartments are in good condition Flat 2 and the communal areas have recently been refurbished. All the flats benefit from use of their own garage.
WARWIC
32
36
3413
812 to 18
20
Electricity Sub Station0m 10m 20m 30m
16 Warwick Road, Beaconsfield, HP9 2PE
Ordnance Survey © Crown Copyright 2019. All rights reserved. Licence number 100022432. Plotted Scale - 1:599
© Crown Copyright, ES 100004106. For identification purposes only.
WARWICK ROAD
THE BROADWAY
16-20 WARWICK ROAD
BEACONSFIELD HP9 2PEATTRACTIVE SOUTH EAST OFFICE & RESIDENTIAL INVESTMENT OPPORTUNITY
TENANCY SCHEDULE
Demise Tenant Description Area (sq m)
Area (sq ft)
Start Date Expiry Date (Break)
Passing Rent pa
16 SACLA UK Ltd
Ground 130.5 1,405
22/08/2013 21/08/2023£127,000
(£25.20 psf)
First 179.3 1,930
Second 158.4 1,705
Total 468.2 5,040
20, Flat 1 Private Individual Ground Floor 2 bedroom 11/01/2010 Monthly periodic term £13,200
20, Flat 2 Private Individual First Floor 2 bedroom 02/07/201901/07/2021
(02/07/2020)£14,400
20, Flat 3 Private Individual Second Floor 2 bedroom 13/11/2015 Monthly periodic term £13,800
Total 468.2 5,040 £168,400
16-20 WARWICK ROAD
BEACONSFIELD HP9 2PEATTRACTIVE SOUTH EAST OFFICE & RESIDENTIAL INVESTMENT OPPORTUNITY
COVENANT
SACLA UK Limited (02609524)
SACLA UK Limited is a Private Limited company trading in importing Italian foods for the wholesale distribution into the UK grocery retail and food services market.
SACLA UK Limited has a D&B rating of 2A2 and an Experian Credit Rating of 100 reflecting ‘Very Low Risk’.
SACLA UK Limited produced the following financial results over a 3 year period:
31 December 2016
31 December 2017
31 December 2018
Turnover £22,702,718 £20,782,704 £21,979,140
Pre-Tax Profit £216,079 £208,269 £13,150
Shareholders Funds
£1,391,777 £1,545,225 £1,554,129
EPC
Available in the dataroom.
VAT
16 Warwick Road has been elected for VAT. 20 Warwick Road has not been elected for VAT.
16-20 WARWICK ROAD
BEACONSFIELD HP9 2PEATTRACTIVE SOUTH EAST OFFICE & RESIDENTIAL INVESTMENT OPPORTUNITY
Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design CommandD www.commandHQ.co.uk 10.19
Lottie Hayward020 7543 6750lottie.hayward@allsop.co.uk
For further information or to make arrangements for viewing please contact: Gergo Petrovics 020 7543 6861 gergo.petrovics@allsop.co.uk allsop.co.uk
PROPOSALOffers sought in excess of £2,700,000 (Two Million, Seven Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 5.86% assuming standard purchaser’s costs.
AMLA successful bidder will be required to provide the usual information to satisfy the AML requirements when Head of Terms are agreed.
DATA ROOMFor further information please register to the Allsop Marketing Data Room on the following link:
https://datarooms.allsop.co.uk/register/warwickroad
top related