11 Nightingales Corner
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11 Nightingales Corner
398 SF Retail Building Amersham HP7 9PZ £489,946 (£1,231/SF)
Investment Highlights
- The property is located directly opposite the pay & display car park
- Short walk to nature park
- Walking distance of Chalfont & Latimer train station
Executive Summary
The investment is an attractive 1930’s mid-terraced property with commercial element at ground floor level and residential uppers to first and second floors. The ground floor is currently occupied by Upper Cut hair salon at a passing rental of £10,500 per annum exclusive.
Upper Cut are holding-over under the Security of the Landlord & Tenant Act with a new lease being negotiated at £11,000 per annum exclusive. The 2-bedroom maisonette has private access at ground floor level and is situated at 1st & 2nd floors above the retail accommodation. The property is currently let on an AST at a rental of £12,000 per annum, with expiry of 1st Aug 2021.
The local residential estate agents have indicated that if openly marketed they would expect the residential rent to increase to circa £1300pcm.
Total rental income is currently £22,500 per annum.
Upper Cut are holding-over under the Security of the Landlord & Tenant Act with a new lease being negotiated at £11,000 per annum exclusive. The 2-bedroom maisonette has private access at ground floor level and is situated at 1st & 2nd floors above the retail accommodation. The property is currently let on an AST at a rental of £12,000 per annum, with expiry of 1st Aug 2021.
The local residential estate agents have indicated that if openly marketed they would expect the residential rent to increase to circa £1300pcm.
Total rental income is currently £22,500 per annum.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
398 SF
Building Class
B
Year Built
1932
Price
£489,946
Price Per SF
£1,231
Tenancy
Single
Number of Floors
3
Building FAR
0.79
Lot Size
0.01 AC
Frontage
16 ft on Nightingales Corner
Amenities
- EPC - D
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Nearby Major Retailers
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11 Nightingales Corner
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