Commercial property for sale in West Street, Marlow, Buckinghamshire SL7, £1,195,000

1,195,000.00

Offer Nr.:
65111285
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Duncan & Bailey-Kennedy
Phone(s):
01494 912660

* Freehold Investment For Sale
* Mixed Retail, Office & Residential Investment
* Located In The Heart Of Marlow Town Centre
* Attractive Grade II Listed Property
The building is an attractive Grade II Listed mid - terraced property set over
four stories occupied by three tenants. The accommodation comprises storage in
the basement and an estate agents office on the ground floor. There is self
contained access to the first and second floors where an office and a one bed
flat are located respectively. To the rear there is a parking area for six
vehicles which is accessed via Town Lane.
**Investment summary
**
The property is currently fully occupied, the ground floor and basement retail
accommodation is let to Savills (UK) Ltd at a rent of £42, 000 per annum from
7th April 2017 for a term of 10 years. In addition, Savills also pay £1, 764
per annum for an additional car parking space.
The first floor of the property is let to David Abbott & Partners Ltd at a
rent of £9, 250 per annum from 1st December 2020 for a term of 10 years with
breaks in years three, six and seven operable with six months prior written
notice. Both leases are outside the Landlord & Tenant 1954 Act.
The second floor provides a flat which is currently held on a 100 year lease
from April 2005 at a nominal ground rent of £100 per annum and is let out via
an AST agreement at a rent of £11, 940 per annum. The flat is included in the
sale.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)