Investment

202 to 220 Desborough Road, High Wycombe, Buckinghamshire, HP11 2TE

£4,350,000 For the Long Leasehold

Property details

Needham Parade is a detached 1960's shopping parade. The property comprises 10 retail units, an office and 18 flats above.

Location

Needham Parade is positioned on Desborough Road being located just to the west of the town centre of High Wycombe. Along Desborough Road and nearby streets, there are many small local businesses, convenience shops, takeaways, and community services, giving it mixed residential-commercial character.

High Wycombe is a large market town in Buckinghamshire, in south-east England, located about 29 miles (47 km) northwest of central London.

The town has a mixed economy including retail, light industry, and other services. It is also a popular commuter town, with good transport links-especially via the Chiltern Main Line railway to London Marylebone.

Accommodation

Needham Parade is a detached 1960's shopping parade. The property comprises 10 retail units, an office and 18 flats above. Attached is a schedule of accommodation along with floor plans of the building.

Needham Parade also had planning granted but not implemented in 2019 for 7 additional flats under 19/05839/FUL.

EPC

Available on request.

Legal Costs

Each party to pay their own professional costs in dealing with this transaction.

Terms

Offers invited in excess of £4,350,000. The property is not opted for VAT.

Key features

  • 10 retail units

  • 18 flats

  • Expired planning for 7 additional flats

  • Gross income £466,750 per annum

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