No longer on the market
This property is no longer on the market
MapIndustrial development
Industrial development
1065
Features and description
- Freehold
- Outstanding Rent Review From November 2023
- Ground Rent Increasing November 2024
- Residential Flat Sold Off
- Prominent Position Along The High Street
- Nearby occupiers include Waitrose, Sainsbury's, Boots The Chemist, Superdrug, WH Smith, Greggs and Costa Coffee
- Few Minutes Walk Of Chesham Station (Metropolitan Line)
Description
The property encompasses a ground-floor coffee shop and a sold off self-contained flat situated on the first floor.
The coffee shop is currently subject to a Full Repairing and Insuring lease, effective from 30th November 2018, and set to expire on 29th November 2028, Inside the Landlord & Tenant Act. The lease stipulates an annual rent of £20,000 per annum. There is an outstanding rent review from 29th November 2023, and a tenant only option to determine the lease as of 30th November 2026.
The residential flat above has been separately sold off on a 125-year lease from 7th November 1991 (approximately 92 years remaining). The ground rent is £50 per annum, rising to £100 per annum effective from 7th November 2024.
Location
The property is located in a prominent trading position on the High Street, close to its junction with The Broadway.
There is a diverse array of businesses, ranging from quaint boutiques and specialty shops to modern cafes and traditional pubs. Nearby occupiers include Waitrose, Sainsbury's, Boots The Chemist, WH Smith, Greggs and Costa Coffee.
Local residents and visitors alike are drawn to Chesham High Street for its unique blend of old-world charm and contemporary offerings.
The street is lined with historic buildings that add character to the surroundings, creating a picturesque setting for shopping, dining, and leisurely strolls.
The property encompasses a ground-floor coffee shop and a sold off self-contained flat situated on the first floor.
The coffee shop is currently subject to a Full Repairing and Insuring lease, effective from 30th November 2018, and set to expire on 29th November 2028, Inside the Landlord & Tenant Act. The lease stipulates an annual rent of £20,000 per annum. There is an outstanding rent review from 29th November 2023, and a tenant only option to determine the lease as of 30th November 2026.
The residential flat above has been separately sold off on a 125-year lease from 7th November 1991 (approximately 92 years remaining). The ground rent is £50 per annum, rising to £100 per annum effective from 7th November 2024.
Location
The property is located in a prominent trading position on the High Street, close to its junction with The Broadway.
There is a diverse array of businesses, ranging from quaint boutiques and specialty shops to modern cafes and traditional pubs. Nearby occupiers include Waitrose, Sainsbury's, Boots The Chemist, WH Smith, Greggs and Costa Coffee.
Local residents and visitors alike are drawn to Chesham High Street for its unique blend of old-world charm and contemporary offerings.
The street is lined with historic buildings that add character to the surroundings, creating a picturesque setting for shopping, dining, and leisurely strolls.
Property information from this agent
About this agent
Forest Real Estate is a young, independent commercial agency with a primary focus on the Office and Industrial/Logistics markets across Central & Greater London, as well as the Home Counties. With a strong market presence, we are recognised as a trusted partner for both small and large commercial real estate owners, delivering innovative marketing solutions tailored to each asset. We provide Landlords and Tenants with comprehensive advice, backed by market data and deep expertise in our sectors.