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  5. Aylesbury
  6. Church End, Aylesbury Vale

Units 1A-1B, Jansel Sq, Aylesbury

Retail storefront for sale in Aylesbury

£3,000,000 / 5,900 sq ft

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Full address
Units 1A-1B, Jansel Sq, Aylesbury HP21 7ET – Aylesbury
Asking price
£3,000,000
Links
Pdf #1 marketing brochure/flyer

Sale details

There is 1 space available, measuring 5,900 sq ft.

Sale unit Available

Unit
Sale unit
Size
5,900 sq ft
Price
£3,000,000
Price per sq ft
£508.47
  • The property provides a new extension to the Bedgrove Shopping Centre known as Jansel Square which benefits from ample car parking, which is free for 2 hours and £1 thereafter.
  • 4,300 sq ft unit let to Sainsbury’s Supermarkets 1,400 sq ft let to Domino’s Pizza 1,300 sq ft let to Bristal Investments Ltd (t/as) Costa Coffee Current total income £163,550 per annum.
  • The largest property is let to Sainsburys Supermarket Ltd for a term of 15 years from March 2014 with a tenant’s only break provision at the end of the 10th year.
  • With 5 yearly reviews, collared and capped at 1% and 4% annually respectively.
  • The current rental is £88,000 per annum and commenced 11 March 2019 after review.
  • Domino’s Pizza have taken a 20 year lease from December 2014 with a break at the 11th anniversary, 5 yearly upward only rent reviews at market rent, first review 01.12.2019 (likely to improve to £35,000 pa).
  • Bristal Investments Ltd (registration No: 04953192) commenced trading in 2003 and have taken a 15 year full repairing and insuring lease within the Act from 19th November 2017, subject to market value rent reviews at years 5 and 10 with a tenant only break clause at the end of year 10, by giving 6 months written notice.
  • Rental for years 1 and 2 is £28,000 per annum plus VAT and years 3, 4 and 5 at £31,500 per annum plus VAT.
  • Our Clients would consider disposing of Jansel 2 (t/as Costa Coffee) under a separate agreement.
  • Offers are sought in the region of £1.025 million for the freehold interest.
  • Offers invited in the region of £4 million for the freehold interest in both buildings, after the review on Domino’s and including the three retail units, which reflects a gross initial yield of 4.08%.
Sale type Investment
Tenure Freehold
More building details Less building details

Property facts for Units 1A-1B, Jansel Sq, Aylesbury

The property provides a new extension to the Bedgrove Shopping Centre known as Jansel Square which benefits from ample car parking, which is free for 2 hours and £1 thereafter.

Building subtype
Retail storefront
Number of storeys
4
Parking ratio
1.7
Total building area
5,900 sq ft
Rentable building area
5,900 sq ft
Construction material
Masonry
Year built
2015
Parking
Surface: 8, Covered

Major tenants

Name Description Size Move in date Locations
Sainsbury's Local Description - Size 3,300 sq ft Move in date - Locations -
Domino's Description - Size 1,400 sq ft Move in date - Locations -

Map & nearby

Units 1A-1B, Jansel Sq, Aylesbury

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Meet the team

Chandler Garvey Ltd

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Chandler Garvey Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Chandler Garvey Ltd for full details and further information. 9077905