The premises comprise two adjoining retail units and residential upper parts offering an opportunity for an owner occupier and an investment in the sought after location of The Parade in Bourne End. Details of the accommodation and leases are:
19 The Parade – NIA 490 SQ FT
The ground floor retail unit is let to Bowler Wright Ltd on a 5 year lease from 1st May 2015 at the passing rent of Â£16,500 pa exclusive. The lease is drawn outside the Landlord and Tenant Act 1954.
19A The Parade
Two-bedroom maisonette flat sold off on a 125 year long lease from 24th December 2007 providing a ground rent of Â£100 pa.
21 The Parade – NIA 580 SQ FT (54 SQ M)
The ground floor retail unit is let to Coopers Trading Company Ltd on a 10 year lease from 18th July 2014 at Â£13,500 pa exclusive. The lease is drawn outside the Landlord and Tenant Act 1954.
21A The Parade
Two-bedroom maisonette flat sold off on a 125 year long lease from 1st January 2009 providing a ground rent of Â£100 pa.
TOTAL CURRENT RENT: Â£30,200 PA (representing 7.10% Net Initial Yield)
Bourne End is a small affluent Thames Valley town situated on the A4094 approximately 4 miles equidistant from Marlow, Beaconsfield and Maidenhead. The town benefits from good communications being close to the A404 dual carriageway which links the M40 and M4 motorways. The building occupies a very prominent location opposite the main roundabout in the town centre which accesses the roads from Maidenhead/Cookham and Beaconsfield/Marlow/High Wycombe.
Strictly by prior appointment through sole agent Deriaz Slater LLP
Each party to bear their own cots