17-19 Frogmoor, High Wycombe, HP13 5DQ
- PROPERTY TYPE
Apartment
- BEDROOMS
23
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Mixed use development comprising 14 brand new luxury apartments finished to a high specification.
- The development comprises five one bedroom apartments, nine two bedroom apartment and a ground floor commercial unit suitable for a variety of uses
- Newly completed development and partially let, providing an asset management opportunity to let the remaining units and increase income.
- Current income is £214,800p.a. with market rent in the region of £266,000p.a
- Within the heart of High Wycombe, amongst a range of amenities and less than a mile from High Wycome railway station
- Rail services to central London within 25 minutes.
Description
A new build development of 14 apartments and ground floor commercial unit. Partially let and producing an income of circa £214,800p.a. with the opportunity to increase to £266,000p.a. once remaining vacant units are let.
We are instructed to seek offers of £3,500,000 for the freehold interest, STC.
This reflects a net initial yield of 7.06% based on the property being fully let, after allowing purchaser costs of 7.7%. The gross yield on the current income is 6%.
Description
The subject property comprises a newly constructed mixed-use development arranged over ground, first, second, and third floors.
The commercial unit is vacant and suitable for a variety of uses. There are 14 apartments in total comprising five one-bedroom and nine two-bedroom units. Eleven of these apartments benefit from private balconies, accessible from the open-plan kitchen/reception areas.
Location
The property is located in the heart of High Wycombe, a charming and historic town in Buckinghamshire. There are retailers, leisure facilities, restaurants and public green spaces within a stones throw from the property making the area appealing to both residential and commercial occupiers.
The town is a commutable distance from Central London with rail services to Paddington available within 25 minutes. The M40 is within 2.5 miles from the property which provides access to Oxford, Birmingham and to the M25.
Accommodation
Total floor area is 9,300sq.ft. See brochure for breakdown.
Tenure
Freehold
Tenancies
Current income is £214,800p.a. with market rent in the region of £266,000p.a.
See brochure for breakdown of rents.
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
17-19 Frogmoor, High Wycombe, HP13 5DQ
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Visit our security centre to find out moreDisclaimer - Property reference 309238. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Landwood Group, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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