Deriaz Campsie
Deriaz Campsie
Thank you, your enquiry has been received and a member of staff will be in touch.
Thank you, your email address has been added to our subscription list.

Unit B2-B4, Lincoln Road, High Wycombe, Buckinghamshire

Multi-let Industrial Investment For Sale
  • Type: Investment
  • Availability: AVAILABLE
  • Ref: 479439
  • Size: 13000 Sq Ft

Description
Unit B, Lincoln Road is located on Cressex Business Park, High Wycombe which is accessed just 1 mile off junction 4 of the M40 motorway, approximately 30 miles west of Central London. The M40 motorway provides access to the M25 approximately 10.5 miles. The M4 motorway can be reached via the A404 an lies approximately 9.6 miles (15.4 km) to the south . Oxford is 22.1 miles (35.6 km) to the north-west. Heathrow Airport is 21 miles (33.8 km) and can be reached by the M40. M4 and M25. High Wycombe town centre is a short drive or walk.

Cressex Business Park is home to nearly 70 businesses with a large workforce in close proximity as well as excellent transport links. High Wycombe Station is 2.2 miles (3.5 km) distant with fast trains to London Marylebone in Circa 30 minutes and Oxford. High Wycombe town centre is predominately retail and leisure in nature.

Location
The property comprises a mixture of office, warehouse and workshop units with access roads and extensive vehicular parking.

The property is likely to have been constructed in the 1950s. At the front (east end), the site comprises hard standing for approximately 14 cars. Behind this area is a pedestrian access to single-storey offices accommodated in two adjacent, interlinked buildings that are of brick and block construction and have flat roofs. These offices have been refurbished and are currently used for reception, studios and WC accommodation as part of a gym.

The warehouses and workshop are of steel portal frame construction with brick/block infill walls. The warehouse adjacent to the offices has a mono-pitched roof with eaves of approximately 5 metres (16 feet). It benefits from a high percentage of skylights in the roof and fluorescent lighting. The larger warehouse and workshop have gable pitched roofs providing an apex height of 10.2 metres (33.5 feet) and eaves of 6.9 metres (22.6 feet). These benefit from sodium lighting although they also have a lower percentage of skylights allowing natural lighting. Four 4.6 metre (15 foot) roller shutter loading bays give access to the large workshop with an additional loading door to each of the warehouses.

Opposite the workshop there is a parking area for 12 vehicles. The Rear Storage Land is located at the far end of the access road and comprises a turning area, car park for in the region of 20 cars and a large area of hard standing allowing parking for in the region of 10 articulated lorries

Accommodation
The property comprises 1,250.5 sq m (13,461 sq ft GIA of industrial, office and workshop accommodation including a large rear storage yard of 1,520.0 sq m (16,419 sq ft). Site area of 1.77 acres.

Description Sq M Sq Ft

Unit B4 Offices/reception 287.8 3,098
Unit B3 Medium eaves warehouse 138.9 1,495
Uni B2 High eaves warehouse 430.9 4,639
Unit B1 High eaves workshop 392.9 4,229

Total 1,250.5 13,461

Rear Storage Land 1,525.0 16,419

Amenities
We are instructed to seek offers in excess of £1,800,000 ( One Million Eight Hundred Thousand Pounds) plus vat, subject to contract reflecting a net initial yield of 7.31 % after deducting purchasers’ costs of 6.22 %.

Unit B is held on a long lease for a term of 125 years from 2000 at a ground rent of £301 per annum. Certain rights of way exist over the site. The rear storage land is held on a long lease for a term of 125 years from 21st June 2103 at a ground rent of £875.00 per annum.

There is an overage clause relating to the rear open storage land for a period expiring in 2028 and binds our vendor any successors in title until 2028. Further information upon request.

For access to the data room please contact the agents.

Rent
The property is multi-let producing a total gross annual rent of £140.850 p.a. which equates to £8.23 per sq. ft. overall on the buildings and £1.83 per sq. ft. on the yard. Please see the sales particulars on this web page for details of the tenancy schedule.

Viewing
Please make your own enquiries with Wycombe DC.

VAT
Each party to bear its own legal fees in this transaction.

Legal Costs
We understand the property is registered for VAT and therefore VAT will be payable on the purchase price. In this instance the sale will not be treated as a Going Concern.

Other
Strictly by prior appointment via the sole Agents Deriaz Campsie Paul Deriaz 01628 495506

Subscribe to our mailing list

To receive news, property alerts
and updates from Deriaz Slater

[contact-form-7 id="1911" title="Mailing List"]