The Alexandra Hotel Queen Alexandra Rd 15,533 SF Retail Building High Wycombe HP11 2JX £6,400,000 (£412.03/SF)
INVESTMENT HIGHLIGHTS
- Ample parking
- Around a mile away from the M40
- Redevelopment opportunities
- High Wycombe Rail station is a very short walk away
EXECUTIVE SUMMARY
The site presently comprises a level site, with vehicular access and egress from Queen Alexandra Road, and extending to approximately 1.1 acres .
Offers are encouraged at £6,400,000. Unconditional offers are sought for the Freehold interest. The existing lease (Outside the L&T Act) to the NHS paying £300,000 per annum exclusive, expires in November 2024. Rent on application.
The site at present comprises a single storey retail warehouse building extending to approx. 16,000 sq. ft, with some 110+ marked car parking spaces around the unit.
The building was refurbished and extended in the 1990’s and was originally a bus depot which was converted to a DIY unit in the late 1970’s. In 1994 a condition in the original consent restricting use as DIY was removed.
The unit was previously occupied by Staples / Office Outlet as a retail warehouse. As can be noted from the photographs, the heights of the surrounding buildings are significantly greater, offering potential for significantly greater massing on redevelopment of the site, subject to consents.
The property is very prominently situated at the bottom of Marlow Hill (A404), fronting on to the main roundabout at the intersection of Queen Alexandra Road, London Road(A40) and Amersham Hill (A404).
The location is approximately 1.1 miles from Junction 4, M40 via Marlow Hill, and c. 3 miles from Junction 3 accessed via the A40 London Road.
High Wycombe station is located about 500m away via Amersham Hill. The site is immediately adjacent to Wycombe Hospital and directly opposite the High Wycombe campus of Buckinghamshire New University, which has undergone significant redevelopment and expansion within the last few years.
Offers are encouraged at £6,400,000. Unconditional offers are sought for the Freehold interest. The existing lease (Outside the L&T Act) to the NHS paying £300,000 per annum exclusive, expires in November 2024. Rent on application.
The site at present comprises a single storey retail warehouse building extending to approx. 16,000 sq. ft, with some 110+ marked car parking spaces around the unit.
The building was refurbished and extended in the 1990’s and was originally a bus depot which was converted to a DIY unit in the late 1970’s. In 1994 a condition in the original consent restricting use as DIY was removed.
The unit was previously occupied by Staples / Office Outlet as a retail warehouse. As can be noted from the photographs, the heights of the surrounding buildings are significantly greater, offering potential for significantly greater massing on redevelopment of the site, subject to consents.
The property is very prominently situated at the bottom of Marlow Hill (A404), fronting on to the main roundabout at the intersection of Queen Alexandra Road, London Road(A40) and Amersham Hill (A404).
The location is approximately 1.1 miles from Junction 4, M40 via Marlow Hill, and c. 3 miles from Junction 3 accessed via the A40 London Road.
High Wycombe station is located about 500m away via Amersham Hill. The site is immediately adjacent to Wycombe Hospital and directly opposite the High Wycombe campus of Buckinghamshire New University, which has undergone significant redevelopment and expansion within the last few years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
15,533 SF
Building Class
B
Year Built
1932
Price
£6,400,000
Price Per SF
£412.03
Tenancy
Single
Number of Floors
1
AMENITIES
- Security System
- EPC - C
NEARBY MAJOR RETAILERS
