31-32 High Street, High Wycombe, Buckinghamshire, HP11 2AG

31-32 High Street comprises a mid-terrace building of concrete frame construction with brick elevations beneath a flat roof;

The subject premises, comprising the ground and first floor rear of the building, are currently let to the Department of Work and Pensions (DWP) who are due to vacate the property in February 2024. We understand that vacant possession can be obtained earlier by arrangement (subject to contract);

The ground and part first floors were fitted out by DWP in approximately 2021 to a very high standard to include new air conditioning with mechanical fresh air intake, new WCs, Disabled Access, ceilings and floor coverings etc;

The ground floor benefits from a full width glazed and broadly open plan sales / office space.

The part first floor is accessed to the rear of the ground floor and includes a WC, staff room and kitchen, all fitted out to a high standard.

The premises further benefit from rear loading and parking.

FLOOR AREAS

The premises comprise the following approx. Gross Internal Floor areas:

Ground Floor: 7,306 sq ft (678.74 sq m)
Part First Floor: 487 sq ft (45.24 sq m)
Total 7,793 sq ft (723.99 sq m)

OPPORTUNITY

Ground & part first floor premises shown edged red in the plan opposite available via either a:

New occupational lease for a term by arrangement; or

Long leasehold interest with approximately 181 years unexpired. Lease subject to a peppercorn ground rent.

Freehold interest potentially available via separate negotiation. Interested parties should note that the first floor front and second floors of the building have been sold separately under the terms of a 250 year lease from 2010 at a fixed ground rent of £500 p.a.

RENT / PRICE

Occupational lease available at: £75,000 p.a. (approx. £9.62 per sq ft)

Long leasehold interest available at: £750,000.

VAT

We understand that the property is VAT registered and that VAT will be payable on the purchase of the property.