PROPERTIES

Marks & Spencer 31/37 High Street, Aylesbury HP20 1SH

Price£4,510,000

PDF DETAILS

Marks & Spencer 31/37 High Street, Aylesbury HP20 1SH

  • Price£4,510,000
  • Income£481,759
  • Yield10%
  • SectorHigh Street Retail
  • StatusAvailable
PDF DETAILS

Retail Investment With Fixed Uplifts And Significant Redevelopment Potential (STP)

Summary

  • Aylesbury is a historic market town situated in Buckinghamshire, England.
  • Directly opposite Hale Leys Shopping Centre within the prime pitch of the town centre.
  • 52,632 sq ft let to Marks & Spencer Plc until March 2027.
  • Current rent of £481,759 per annum with fixed annual uplifts of 1.95% per annum to lease expiry.
  • Significant redevelopment potential subject to planning.
  • Freehold
  • Seeking offers in excess of £4.51M subject to contract and exclusive of VAT.
  • Net initial yield of 10% and capital value of £86 per sq ft, after allowance for purchaser’s costs of 6.80%.
  • SPV holding company available by negotiation.