Ground Rent Investment Opportunity
Sycamore Road | Amersham | HP6 5EQ
offers in excess of
Highly affluent town within the London commuter belt
Prominently located property
New commercial and residential development
Main shoppers’ car park immediately to the rear
Highly Secure Investment Opportunity
36 new apartments, 3 ground floor retail units and basement parking
Offers in excess of £325,000, representing a gross return on the ground rent income of 4.38%
Amersham is an affluent town which forms part of the London commuter belt. It is situated approximately 45 km (28 miles) north-west of Central London, 18 km (11 miles) east of Watford and 13 km (8 miles) north-east of High Wycombe.
The town benefits from good road communications being served by the A413 which provides direct access to the M25 Motorway approximately 13 km (8 miles) to the south-east. The M40 Motorway is approximately 9.6 km (6 miles) to the south. The town is also connected to the national railway network with direct services into London Marylebone with a fastest journey time of 30 minutes. London Underground Metropolitan Line trains run direct from Aldgate to Amersham, via Baker Street, with a journey time of approximately 50 minutes.
Heathrow Airport is approximately 29 km (18 miles) to the south and Luton Airport is 35 km (22 miles) to the north-east.
The property the new Regent Place development, occupying a prominent, corner position on Sycamore Road in the heart of Amersham town centre. Amersham railway station is 0.3 km (0.2 miles) to the south. Nearby occupiers include Superdrug, Waterstones, little Waitrose, Marks & Spencer, Holland & Barrett, Greggs, WH Smith and Caffe Nero.
The Sycamore Road car park, a large 265 space public car park, is situated immediately to the rear of the subject property. Access to Sycamore Road from the car park runs immediately adjacent to Regent Place.
The Regent Place development is a recently completed scheme of three retail units on ground floor plus 36 highly specified studio (2 no), one (10 no.) and two (24 no) bedroom apartments on the upper floors, along with a basement car park. The first new build in Amersham for over 15 years, Regent Place is a new landmark in the town. Please see the sales brochure in the Downloads Section and the following website www.regentplaceamersham.com.
The retail units are occupied by FatFace, Boots Opticians and Gatsby & Miller hairdressers.
Plans are provided within the sales brochure. In summary, the property provides the following:
|Accommodation||Description||Sq Ft / Sq Ms|
|Basement||Car Parking||39 spaces|
|Retail Unit 1||FatFace||2,209 / 205 (net internal)|
|Retail Unit 2||Boots Opticians||2,010 / 187 (net internal)|
|Retail Unit 3||Gatsby & Miller||3,307 / 307 (net internal)|
|Studio Apartments||2 number||917 / 85.2 (gross internal)|
|One Bed Apartments||10 number||5,684 / 528.1 (gross internal)|
|Two Bed Apartments||24 number||17,813 / 1,654.9 (gross internal)|
Schedule of Residential Accommodation
|Floor||Plot No||Flat No||Beds||Baths||Sq Ft||Sq M||Balcony||Headrent pa|
The vendor is offering the freehold of the property. The freeholder manages the property and insures.
Tenancies & Service Charge
The freehold is subject to three 999-year leaseholds in respect of the retail accommodation.
In addition the anticipated residential ground rent income is £14,449 per annum, increasing every 25 years by RPI with the exception of one unit where the increase is £450 every 25 years. The residential occupational leases are for terms of 250 years.
Hence, the investor will benefit from the following:
• Ground Rent Income £14,449
• Management Fees (Year to Dec 2020) - £4,480 Building, £670 Commercial, £4,850 Estate – Total £10,000
Details of the service charge are available to download.
The property has been elected for VAT. It is anticipated that the freehold sale will be treated as a Transfer of a Going Concern (TOGC).
Our client is seeking offers in excess of £325,000 (Three Hundred and Twenty Five Thousand Pounds), subject to contract, for the freehold interest.
A purchase at the asking price reflects a gross yield of 4.38% based upon the ground rent income alone.
Please note a purchaser will be charged a Transaction Fee of 1% of the Sale Price plus VAT.
An opportunity to acquire a ground rent investment in a highly affluent town within the London commuter belt;
The property occupies a prominent retailing pitch in front of the main shoppers’ car park;
The property forms a prestigious new commercial and residential development;
A purchase at the asking price reflects an attractive net initial yield based upon the ground income, plus the opportunity to derive management income;
Attractive lot size for an investor.