October 2021: Tuesday 05 October 2021 - 9:00am
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    Key features

    • Freehold Shop and Office investment located on a prominent corner position on the High Street of Aylesbury
    • Surrounding occupiers include M&S, McDonalds and Santander
    • Entrance to the Hale Leys Shopping Centre is located approximately 40 meters from the property
    • Investment Let at £59,000 PA
    • Redevelopment potential to convert the upper floors to Residential (subject to the Requisite consents)
    • VAT is applicable

    Description

    The property is arranged on ground and one upper floor to provide a ground floor shop with self-contained office accommodation above which is accessed from Britannia Street.

    Nearby occupier include McDonalds, Santander, M&S, WHSmith, Post Office, Coral and Pound Land.

    Shop let to Lloyds Pharmacy Ltd - which has 1,400 Pharmacies across the UK. The lease was assigned to J Hoots Pharmacy Ltd with an AGA from Lloyds Pharmacy.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Jhoots pharmacy Ltd

    Ground Floor - 1,548 sqft

    First Floor - 480 sqft


    Banks and Levett Ltd

    Part First Floor = 957 sqft


    Tenancy

    Ground and part 1st Floor - Trading as Jhoots Pharmacy

    • Let to Lloyds Pharmacy 10 years from 13.12.2013
    • FR&I lease
    • The Lease was assigned to Jhoots Pharmacy in 2018
    • Investment let at £50,000 p.a.

    First floor - Trading as Banks and Levett Ltd

    • Let on a 3 years from the 31.08.2017 (currently holding over)
    • FR&I lease
    • Investment let at £9,000 p.a.

    Rent

    £59,000 PA
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located on the Junction of High Street and Britannia Street.

      Aylesbury is the county town of Buckinghamshire and is a large ancient market town.

      Aylesbury Station is located approximately 0.4 miles from the property.

      Transport

      Aylesbury Station - Chiltern Railways services to London Marylebone

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums