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Lot 23

Freehold Investment – Shop & 3 Bed Flat let to Greggs plc
6 week completion

SITUATION

Located close to the junction with Station Road in the town's main pedestrianised High Street, amongst multiples such as Boots, Waterstones, Savers, Costa and Starbucks as well as a variety of independent retailers, being approx. 150 yards from Chesham Underground Station (Metropolitan Line).
Chesham is an attractive and popular commuter town located between Amersham to the south and Berkhamsted to the north enjoying excellent road access to the A41 via the A416, approximately 25 miles north-west of Central London.

PROPERTY

A mid-terrace building comprising a Ground Floor Shop with separate front and rear access to a Self-Contained 3 Bed Flat on the first and second floors. The flat benefits from uPVC double glazing and gas central heating.
In addition, the property includes a Gated Rear Yard for parking 2 cars which can be accessed from East Street.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 23'4"
Internal Width 16'7" (max)
Shop Depth 32'1"
Built Depth 73'1"
Area Approx. 850 sq ft
2 WCs
First & Second Floor Flat
3 Bedrooms, Living Room, TV Room,
Kitchen, Bathroom, Shower Room/WC,
Sep. WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Greggs plc (having over 2,000 branches in the UK) (T/O for Y/E 27/12/2025 £2.15bn, Pre-Tax Profit £167m and Shareholders' Funds £626m) for a term of 5 years from 12th March 2023 (renewal of a previous lease – in occupation since 1999) (Valuable Reversion in March 2028) at a current rent of £20,000 per annum exclusive.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

49 High Street, Chesham, Buckinghamshire HP5 1BW