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House for sale
Aylesbury HP20
£1,270,000
Aylesbury HP20
£1,270,000
Our Summary
- The first and second floors have planning permission granted for a change of use and extension to residential:Application: 23/01376/APP First floor: 2x 1 bed apartmentsSecond floor: 1x1 bed and 1x2 bed apartment both with terraces
Description
The freehold of a highly prominent and well-located retail property on Aylesbury's High Street is available for sale. The property is adjacent to Marks and Spencer and opposite popular takeaway outlets such as McDonalds and Wimpey, with a significant return frontage onto the High Street. Currently, the ground floor is let to Kayani Bistro Group Ltd on a 15-year lease with tenant break options and security of tenure, generating an initial rent of £45,000 per annum, rising to £50,000 by year 4, with rent reviews every 5 years. The first and second floors have planning permission for conversion into three 1-bed and two 2-bed residential apartments with terraces. The property is situated in a vibrant retail and leisure area, close to Hale Leys Shopping Centre, cinema, theatre, and within easy walking distance of Friars Square Shopping Centre. Aylesbury, as the County Town of Buckinghamshire, offers excellent transport links with access to major motorways and a direct rail service to London Marylebone. The property is an attractive investment opportunity with a mix of secure income and development potential.