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Units 5,
6 & 7 Corinium Industrial Estate,
Raans Lane,
Amersham,
Buckinghamshire,
HP6 6HU

1.77 Acres (0.72 Hectares)

Investment, Development/Site, Industrial/Warehouse

UNDER OFFER

Features:

  • South East multi let industrial estate investment freehold for sale located one mile from the centre of Amersham, an affluent London commuter town.
  • Excellent road communications with the M25 London Orbital Motorway (Junction 18) only 5 miles to the east, via the A404, providing quick access to the national motorway network.
  • The subject property is located adjacent to Raans Road on Corinium Industrial Estate, an established industrial estate in Amersham.
  • The property comprises five industrial units totalling 25,214 sq ft GIA.
  • Total passing rent of £222,907 pa which reflects £8.84 psf.
  • WAULT of 4.9 years to lease expiry and 4.5 years to breaks
  • Units 5 & 6 have been comprehensively refurbished and subdivided by the vendor, significantly driving on passing rents.
  • Redevelopment potential in the medium/long term, subject to planning.

Full Details

Location -

Amersham is an affluent town in Buckinghamshire with a population of circa 22,000. It is located 22 miles north west of Central London, 7 miles north east of High Wycombe and 15 miles south east of Aylesbury.

The property is situated approximately 1 mile east of Amersham town centre, on the established Corinium Industrial Estate. The estate is accessed via Raans Road, off White Lion Road (A404), which connects the M25 (junction 18) to the east, and the M40 (junctions 2 and 4) to the south.

Notable local occupiers include CEF, Advanced Optical, HMF Tools and fixings and Dentfix.

Road communications are excellent with the M25 London Orbital Motorway (Junction 18) only 5 miles to the east, via the A404. This gives quick access to the national motorway network, in particular the M40, M4 and M3 southbound and M1, A1 (M) and M11 northbound. Alternatively the M40 (Junction 2) is accessible at Beaconsfield, only 5 miles to the south.

Frequent rail services are available from Amersham to London (Marylebone) with a journey time of approximately 35 minutes. London Underground (Metropolitan Line) services are available from Amersham Station, a short distance to the west of the subject property.

The town is located 18 miles north of London Heathrow International Airport with a drive time of approximately 25 minutes and additionally is only 25 miles south of London Luton Airport, with a drive time of approximately 35 minutes.

Description -

Industrial estate investment freehold for sale located one mile from the centre of Amersham, an affluent London commuter town.

The property comprises a multi let industrial estate that has been split into five units. Units 5a, 5b and 5c are terraced with brick elevations under a pitched roof. Units 5a and 5b each benefit from a roller shutter door with unit 5c benefitting from two rollershutter doors.

Unit 6 and 7 comprise two semi-detached single story warehouses with brick elevations under pitched roofs. Unit 6 benefits from a single roller shutter door while unit 7 benefits from two roller shutter doors and a self-contained yard to the rear.

There are 67 marked car parking spaces within the demise.

Units 5 & 6 were refurbished in 2019 removing the old asbestos roof with new insulated panel system. Unit 5 was also split into 3 separate units with the inclusion of new toilets, decoration, fire alarms and roller shutter doors.

There is redevelopment potential in the medium/long term, subject to planning.

Accommodation -

The property provides a gross internal area of 2,342 sq m (25,214 sq ft) in accordance with the tenancy schedule.

The site extends to an area of 1.77 acres providing a site cover of approximately 33%.

The property is currently let to 5 tenants, at a total passing rent of £222,907 per annum equating to a low average rate of £8.84 psf. The WAULT is 4.5 years to break options, 4.9 years to lease expiries. See brochure for full tenancy schedule.

An estate service charge for the previous year equated to £5,901.70 pa (£0.23 psf) and is payable by the tenants. Further information is available on request.

A full data-room is available on request.

Terms -

Offers are sought in excess of £3,650,000 (Three Million Six Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 5.73% based on purchaser's costs of 6.51% and a capital value of £145 per sq ft.

The property is elected for VAT and it is therefore anticipated that the transaction will be treated as a Transfer Of A Going Concern (TOGC).

Energy Performance Rating -

EPC's are available on request.

Viewing -

Strictly by appointment through Duncan Bailey Kennedy or co-agents Savills:

Stephen Bailey-Kennedy / Tom Good / Adrian Dolan
01494 450951
steveb@dbk.co.uk / tomg@dbk.co.uk / adriand@dbk.co.uk

Property Contacts

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Stephen Bailey-Kennedy

FRICS

Consultant

01628 484343

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Tom Good

BA (Hons)

Surveyor

01494 450951

Email Agent
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Adrian Dolan

MA MRICS

Partner

01494 839913

Email Agent
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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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