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Ideal House,
Exchange Street,
Aylesbury,
HP20 1QY

2595 Sq Ft (241.08 Sq M)

Investment, Retail

FOR SALE/TO LET

Features:

  • For Sale / To Let
  • Prominent location
  • Vacant possession of the ground floor retail / showroom premises to be provided
  • Next door to large public car park
  • Business rates relief may apply.

Full Details

Location -

The property is very prominently located fronting Exchange Street in Aylesbury town centre at the entrance to Exchange Street Car Park. Furthermore, it is opposite a multi-storey car park and Waitrose together with the Waterside Theatre. The town centre shops including Friars Square and Hale Leys Shopping Centres are close by.

Description -

Prominent town centre retail / showroom premises available with vacant possession with residential upper parts long leasehold investment for sale / to let.

Investment Summary

The building comprises the freehold of the whole of this four storey building which comprises showroom accommodation on the ground floor, with six self-contained flats situated on the upper floors that have been sold off on long leases. The premises have a wide frontage with a return frontage to Exchange Street Car Park.

The showroom accommodation is currently used to display bathrooms but can be opened out to provide mainly open plan accommodation and would suit a variety of different uses subject to obtaining the necessary consents where required.

Vacant possession of the ground floor accommodation will be available on completion of a sale. The ground floor retail unit is also available to let and is suitable for a variety of uses under Class E including restaurant/café, educational, medical, crèches / day centres.

Accommodation -

The premises provide the following accommodation measured on an approximate gross internal area basis: -

Ground Floor Retail: 2,595 sq. ft / 241.08 sq.m

First Floor: 2 x 2 bedroom flats
Second Floor: 2 x 2 bedroom flats
Third floor: 2 x 2 bedroom flats

The six self-contained residential flats in the upper parts have all been sold off on long leases. Full details are available on request.

Car Parking -

There is extensive pay and display parking adjoining the property and each flat has a parking permit.

Terms -

Our clients seek offers in excess of £650,000 plus VAT if applicable for the freehold.

Rent -

£55,000 per annum plus VAT for a new full repairing and insuring lease for a term to be agreed for the ground floor retail unit.

Rateable Value -

The Valuation Office indicates a Rateable Value as of 1st April 2023 of £10,750 for the ground floor premises. Rate in the £ for 23/24 is 49.9p.

Energy Performance Rating -

The EPC rating for this property is D-81.

Viewing -

Strictly by appointment with the Sole Agents Duncan Bailey Kennedy:-
Tom Good / Adrian Dolan / Elliot Mackay
Email: tomg@dbk.co.uk /adriand@dbk.co.uk / elliotm@dbk.co.uk
Telephone: 01494 450951

Property Contacts

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Adrian Dolan

MA MRICS

Partner

01494 839913

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Tom Good

BA (Hons)

Surveyor

01494 450951

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Elliot Mackay

BA (Hons)

Surveyor

01494 839918

Email Agent
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Liam Ash

MSc (Hons)

Surveyor
Graduate Surveyor

01494 450951

Email Agent
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Property Map

These pages are updated regularly, but please contact us if you have a specific enquiry, or for details of properties that have not yet made our website. These particulars are believed to be correct, but their accuracy is in no way guaranteed, neither do they form any part of any contract. They are issued on the understanding that all negotiations are conducted, subject to contract, through Duncan & Bailey-Kennedy. 'Finance Act 1989 - unless other stated, our prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

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Duncan Bailey Kennedy LLP is a limited liability partnership incorporated and registered in England and Wales with registered number OC 417099 whose registered office is at The Mews, 20 Amersham Hill, High Wycombe, Bucks, HP13 6NZ

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High Wycombe

01494 450951
The Mews, 20 Amersham Hill, High Wycombe, Buckinghamshire, HP13 6NZ