LONDON ROAD (A421), BUCKINGHAM, BUCKINGHAMSHIRE, MK18 1SH *UNDER OFFER*

PROMINENT ROADSIDE OPPORTUNITY
2,976 sq ft (276.48 sq m)

Key Points

* Adjacent Travelodge
* Ring Road Location
* Potential to redevelop subject to planning
* Existing A3 consent
* Suitable for A1-A5 subject to planning
* 0.75 acre site 

Location

The site is location of the A421 on the Buckingham Ring Road on the roundabout junction with the A413. Adjacent to the site is a Total filling station.  Please click on the link below for the location map.

There is a large development site to the rear which is in the process of being sold, having outline planning permission for 700 residential units and other uses. (Ref: 09/01035/AOP).

Multimap

Description

The existing restaurant provides approximately 2,976 sq ft (276.48 sq m) of ground floor accommodation plus shared car parking with the adjacent Travelodge. The attached plan indicates the whole site which includes an adjacent landscaped area.

Interested parties can make use of the existing fixtures and fittings in the restaurant although no warranty will be given and will be entirely at the leasee/purchasers own risk.

Development Options

The landlords are prepared to look at a comprehensive development of the existing building and adjacent land which could provide for example a drive-thru restaurant, or a Care Home - subject to planning.

Lease Terms

The existing building is available on a new full repairing and insuring lease for a minimum term of 10 years subject to a rent review mechanism to be negotiated.

Rent

The rent on the existing building will commence at £32,500 per annum exclusive.

Freehold

Our clients will consider a sale of their freehold interest and offers of £750,000 plus VAT are invited.

Rates

According to the Valuation Office website the property has a rateable value of £34,500, however, interested parties are advised to make their own enquiries.

Timing

The unit is currently vacant and therefore access can be granted upon completion of the relevant legal formalities. 

A non refundable deposit of £5,000 and proof of funding will be required by the landlord before legal documentation is depatched with an exchange of contracts required within 28 days - further details upon request.

Viewing

Strictly by appointment through sole agent: Ashwell Rogers