• Highly affluent town within the London commuter belt

• Prominent retailing pitch

• Part of new commercial and residential development

• Main shoppers’ car park immediately to the rear

• In excess of 14 years unexpired lease term

• £945,000, subject to contract

• 7.0% net initial yield

The property comprises part of the new Regent Place development, occupying a prominent, retail pitch on Sycamore Road in the heart of Amersham town centre. Amersham railway station is 0.3 km (0.2 miles) to the south. Nearby occupiers include Superdrug, Waterstones, little Waitrose, Marks & Spencer, Holland & Barrett, Greggs, WH Smith and Caffe Nero.

The Sycamore Road car park, a large 265 space public car park, is situated immediately to the rear of the subject property. Access to Sycamore Road from the car park runs immediately adjacent to Regent Place.

The property comprises “Retail Unit 3” within the new Regent Place development, a recently completed scheme of three retail units on ground floor plus 36 highly specified studio, one and two bedroom apartments on the upper floors, along with a basement car park. The first new build in Amersham for over 15 years, Regent Place is a new landmark in the town. www.regentplaceamersham.com.

The property comprises a retail unit on ground floor which has been fitted out by the tenant to provide a high quality hairdressers. The adjoining units in Regent Place have recently been let to Boots Opticians and FatFace.

The property is held on a 999 year leasehold at a peppercorn, with obligations to pay a fair proportion of the service charge and building insurance.

The current cost of building insurance for Regent Place is £14,620. The long leaseholder’s share of this costs is £1,400 which is included in the total service charge detailed below.

The service charge estimate for the year ending 31st December 2019 is £82,209 including the building insurance. The long leaseholder’s share is anticipated to be £5,680

Note that the costs of insurance and service charge are passed to the occupying tenant. Details of the insurance and service charge are held within the data room.

It should also be noted that the freeholder benefits from a latent defects insurance policy and construction warranties, providing full comfort in respect of the freeholder’s obligations.

The property is let on an effective Full Repairing and Insuring lease to Gatsby & Miller Limited for a term of 15 years from 5th November 2018, expiring on 4th November 2033 (in excess of 14 years unexpired).

The current rent is £70,000 per annum (equating to £52 Zone A). The lease benefits from five yearly upwards only rent reviews, the next being on 5th November 2023. As part of the letting, the tenant pays half-rent for the first 12 months, hence expiring 5th November 2019.

Gatsby & Miller re-located to the property from another location within Amersham town centre.

The tenant has provided a rent deposit of £84,000, equivalent to 12 months rent plus VAT.

The property has been elected for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

Our client is seeking a figure of £945,000 (Nine Hundred and Forty Five Thousand Pounds), subject to contract, reflecting a net initial yield of 7.00%, after allowing for standard purchaser’s costs of 5.69%.

Please note that a purchaser will be re-charged the cost of the searches which are provided in the data room.

Please note a purchaser will be charged a Transaction Fee of £5,000 plus VAT.

Access to the data room and for the ability to purchase online with speed and ease, please click the clicktopurchase® “C” icon or the clicktopurchase® side bar. Purchasers will be able to access the complete legal package, clear verification and submit legally-binding offers to acquire the property.

Purchasers benefit from the trust, security and transparency provided by the platform. All activities, including the online contract execution, will form part of the electronic audit trail which is anchored in the clicktopurchase® Blockchain.

clicktopurchase® provides the opportunity for any investor, whether located UK or abroad, to uniquely purchase online with ease and certainty. To learn more about clicktopurchase®, click here.

We have partnered with a leading finance adviser to provide loan services. To learn more, please visit our “Finance” section.