Property Details

Freehold Restaurantinvestment For Sale Newly Let To Megans 11 Years To First Break 6.5% Net Initial Yield Part Of A Mixed-use Scheme (other Parts Potentially Available) Location Beaconsfield Lies Close To Junction 2 Of The M40 And Benefits From A Fast Rail Service To London From Its Mainline Station, Very Near To The Property. The Premises Are Located In A Prominent, Central Location In Beaconsfield New Town, Close To Waitrose, In A Parade Which Includes Toni & Guy And Nationwide, And Within A Good Restaurant Pitch. Other Nearby Leisure Uses Include Beech House (oakman Inns), Koyo (japanese Tapas) And Fego. Description The Property Comprises A Three-storey End Of Terrace Building With The Upper And Rear Areas 'sold Off' On Long Leases. Recently Let To Shakshorizo Ltd, T/a Megans, Extensive Shopfitting Is About To Commence To Provide Approximate Areas: Restaurant: 322 M2 (3468 Ft2) Nia A Forecourt Of Approximately 1000 Ft2 Suitable For Outside Dining. Tenancies The Ground Floor Of The Property Is Let To Shakshorizo Ltd, T/a Megans, With A Guarantee From Parent Company, Chelsea Fine Food Ltd On A Lease For A Term Of 25 Years With 5 Yearly Rent Reviews And With Tenant Options To Break At Year 11 And 5 Thereafter Yearly At A Commencing Rent Of £120,000 P.a.x. Copy Documentation Available On Request. Epc To Be Assessed On Completion Of Tenant's Fit Out. Terms We Are Seeking Offers In Excess Of £1,750,000 For The Freehold Interest. Legal Costs Both Parties' Legal Costs To Be Borne By The Purchaser.