162/164 Desborough Road High Wycombe, Buckinghamshire HP12 2QA


For identification purposes only – please see title documentation.


Extract reproduced from the Ordnance Survey mapping with the permission of The Controller of Her Majesty’s Stationery Office © Crown copyright ES 755990


For identification purposes only – please see title documentation.


Location Estimated District Population: 162,000 Miles: 10 miles north of Maidenhead 27 miles south-west of Oxford


Roads: A40, A4010, M25, M40


Position The property is located in a prominent location, within a busy parade on Desborough Road between its junctions with Short Street andWestbourne Street less than 1 mile west of the town centre.


Present Accommodation (approximate areas) Floor Accommodation


Ground Betting Office/Ancillary Net Internal Areas


Description BETTING OFFICE arranged on the ground floor with a self-contained flat arranged on the first floor.


Tenure Freehold.


VAT is not applicable to this lot.


Extract reproduced from the Ordnance Survey mapping with the permission of The Controller of Her Majesty’s Stationery Office © Crown copyright ES 755990


Rent £15,950 pa


Freehold Betting Office/Residential Investment


Tenant


86.39 sq m (930 sq ft) CORAL RACING LIMITED (1)


First


Residential (not inspected – understood to comprise a 2 Bedroom Flat)


– (–) AN INDIVIDUAL Total Commercial Area 86.39 sq m (930 sq ft) (1) Trading as Coral, with about 1,600 branches. (Source: www.galacoral.co.uk) Term


16 years from 28th February 2011 rising to a minimum of £18,044 pa or OMRV in June 2016 and further by 2.5% pa compounded annually or OMRV in June 2021


Rent £ £15,850


• Betting office let to Coral Racing Limited


• New 16 year shop lease (No breaks)


99 years from 1st December 1994 £100 (rising by


£50 every 33 years)


Total Rent £15,950


• Shop Rent Review 2016 to a minimum of £18,044 pa. Further minimum increase in 2021


• VAT- free investment and Completion 9th January 2012 available


The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Wallace LLP. t: 0207 636 4422. e: jackie.boot@wallace.co.uk Ref: Mrs J Boot.


35


LOT 22


DESBOROUGH ROAD 162/164


CORAL


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