Prime Retail Investment For Sale in Old Beaconsfield.
The premises is Grade II Listed.
( Agency Pilot Software Ref: 287 )
Location
Centrally located in Beaconsfield Old Town, with nearby restaurant traders including the Crazy Bear, Brasserie Blanc, Pizza Express and No. 5.
Accommodation
Circa 2,500 sq. ft. on the ground floor and 1,500 sq. ft. on first floor.
Terms
Lease
A new 20 year FRI 1954 Act protected lease from 26.4.2017 with 5 yearly upward only reviews. There are no break clauses. The agreed rent is £130,000 in year one, £132,500 in year two (the current rent), £135,000 in year three, £91,660 in year four and £140,000 in year five. (Our clients will make the rent up to £137,500 in year four).
Tenant
The lease is in the name of Chockdee Ltd (Company No. 04508336) and guaranteed by Giggling Restaurants Ltd (Company No. 07094305). Giggling Squid currently trade from 27 outlets, with three more soon to open, and are looking to expand to 100 throughout the UK.
Price
Our clients seek £2.695 million for their freehold interest.
VAT
It is understood that VAT will not be applicable in relation to this matter.
EPC
Not applicable – Grade II Listed.
Costs
Each party to pay their own costs incurred in this transaction.