1 to 3 High St, Chalfont
St Peter, Gerrards Cross,
Buckinghamshire SL9 9QE
Offers in excess of £1,450,000
Freehold Investment for sale
High Street location within Chalfont St Peter
Approximate site area 0.278 acres
Annual income of approximately £107,500
Future development potential for the conversion of the offices into residential subject to gaining the necessary permissions
Offers in excess of £1,450,000
The property comprises of two self-contained double fronted retail units on the ground floor and offices space above. The premises also benefits from 27 parking spaces to the rear, which are accessed from Chiltern Hill. The property is approximately 6,500sq.ft over ground and first floor with the offices being accessed from the High Street and serviced by a central staircase. The roof is pitched and could offer further development potential, subject to consents. The current annual income is approximately £107,500 as per our below schedule. The existing office tenants have been in occupancy since the property was constructed in 1989 and the retail tenants have been in situ since 2002 and 2004 respectively.
At guide price this investment opportunity would reflect a gross yield of approximate 7.4%.
This opportunity lies 15 miles north west of Central London within the Chiltern district of South East Buckinghamshire. Chalfont St Peter is one of the largest villages in the South East of England with a good range of local amenities including shops, restaurants, public houses, hotels, Chalfont Leisure Centre and Gerrards Cross Golf Club.
The closest station is Gerrards Cross on the Chiltern Main Line with links to London Marylebone. The property is well located for access to Central London and Heathrow airport and the M40 and M25 are also within close proximity.
Jay & H Ltd t/as ‘Sevenoaks Sound & Vision’
Sevenoaks began in 1972 and franchises nationally, specialising in the retail sale of home audio & cinema
It is understood Jay & H Ltd first acquired the Sevenoaks franchise during 2002, originally trading from Watford. The company later moved to Chorleywood and upon expiry of their lease, relocated to the subject property.
Coral Racing Ltd
Coral are currently the UK’s third largest bookmaker with over 1,800 licensed betting offices. In July 2015 plans were announced for a merger with Ladbrokes, whereby the new company Ladbrokes Coral will become the market leader.
Coral Racing Ltd have been in occupation of the property since 2004. For the year ending Sept ’14 the company reported an annual turnover of £668M and pre-tax profits of £57M.
Lee Products Ltd
The Lee Company is a US based company specialising in the development of miniature hydraulic components for a number of industry sectors, also with subsidiary companies in several European countries. It is expected to turnover in the region of £300M US dollars worldwide during 2015.
It has been in occupation of the subject property since it was completed in 1989 and for the year ending Oct ‘14 the UK company reported an annual turnover of £18.1M and pre-tax profits of £4.35M.
The property is subject to VAT and as such will be charged on this transaction but please take your own professional advice.
A further information pack is available upon request to include copies of the existing leases.
Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.