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17-25 Octagon Parade & 9-16 Oxford Street, High Wycombe, Buckinghamshire

London - M25

dba014

Mixed Use£8,000,000

Tenure: Freehold
Tenancy: Multi Let

Investment summary

•Net initial yield of 6.8 % rising to 8.4% in June 2006 and 8.8% in June 2007.

•Reversionary yield of 8.9%.

•Total net internal area of 3,594 sq m (38,960 sq ft).

•Unbroken estate.

•22 tenancies.

•Prime location close to The Chilterns and Octagon shopping centres.

•Major new extension to the Octagon Centre planned nearby.

•Sector income profile; 52% retail , 28% office, 20% leisure.

•20% of the income deriving from Luminar Leisure Plc for a further 24.5 years.

•Active management opportunities.

•Potential residential / hotel development.