Queen Alexandra Rd - Freestanding FOR SALE


High Wycombe, BKM HP11 2JX
$6,400,000 USD
149-432-6078
Queen Alexandra Rd, High Wycombe, BKM for Sale
$6,400,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

Queen Alexandra Rd
High Wycombe, BKM HP11 2JX


HIGHLIGHTS

  • Ample parking
  • Redevelopment opportunities
  • Around a mile away from the M40
  • High Wycombe Rail station is a very short walk away

OVERVIEW

The site presently comprises a level site, with vehicular access and egress from Queen Alexandra Road, and extending to approximately 1.1 acres . Offers are encouraged at £6,400,000. Unconditional offers are sought for the Freehold interest. The existing lease (Outside the L&T Act) to the NHS paying £300,000 per annum exclusive, expires in November 2024. Rent on application. The site at present comprises a single storey retail warehouse building extending to approx. 16,000 sq. ft, with some 110+ marked car parking spaces around the unit. The building was refurbished and extended in the 1990’s and was originally a bus depot which was converted to a DIY unit in the late 1970’s. In 1994 a condition in the original consent restricting use as DIY was removed. The unit was previously occupied by Staples / Office Outlet as a retail warehouse. As can be noted from the photographs, the heights of the surrounding buildings are significantly greater, offering potential for significantly greater massing on redevelopment of the site, subject to consents. The property is very prominently situated at the bottom of Marlow Hill (A404), fronting on to the main roundabout at the intersection of Queen Alexandra Road, London Road(A40) and Amersham Hill (A404). The location is approximately 1.1 miles from Junction 4, M40 via Marlow Hill, and c. 3 miles from Junction 3 accessed via the A40 London Road. High Wycombe station is located about 500m away via Amersham Hill. The site is immediately adjacent to Wycombe Hospital and directly opposite the High Wycombe campus of Buckinghamshire New University, which has undergone significant redevelopment and expansion within the last few years.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$376 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1932

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

BM372766,BM92113

ASK ABOUT THIS PROPERTY

Nick TrainVokinsMore Info
149-432-6078

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Nick TrainVokinsMore Info
149-432-6078

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.