Commercial Development to rent

Phase 3 & 4 Handy Cross Hub, Junction 4 M40, High Wycombe, HP10 9QD

From £292,500 pcm (£30 per sq. ft.)
117,000–210,000 sq. ft.

Property Description

Commercial information

  • 117,000 sq ft (10,869 sq m)

Key features

  • Opportunity to acquire a Freehold development site totalling 3.5 acres (1.43 ha), within the Handy Cross Hub business park.
  • Site with the benefit of an outline planning consent to develop up to 117,000 sq ft (NIA) of new Grade A office space and a 150 bedroom hotel.
  • Part of an existing mixed use business park development opportunity with outstanding new amenities including a new Waitrose food store, transport hub, and a proposed medicentre.
  • Exceptional location at junction 4 of the M40 with excellent communication links to London, Oxford, Heathrow Airport, and other major commercial hubs in the South East.
  • Prominent motorway location with opportunity for branding and signage. ? Under supplied market with no Grade A office supply and significant potential for rental growth.
  • Key Thames Valley town with major global corporate occupiers including Johnson & Johnson, Hyundai and Intel.
  • Outstanding rail connections to London via the Chiltern line service from High Wycombe (fastest journey 23 minutes).
  • Strong hotel demand fundamentals supporting the development of a good quality and prominently positioned hotel in an area with limited competition.

Full description

Tenure: Leasehold

Description
Handy Cross Hub (‘HXH’) comprises a 21.4 acre (8.66 ha) triangular redevelopment site, located at the top of Marlow Hill adjacent to Junction 4 of the M40.
Wycombe District Council commenced their £150 million redevelopment in 2013, with the site split into 5 phases comprising the following:

• Phase 1&2: new leisure centre operated by Places
for People Leisure; Waitrose foodstore; and
coachway.

• Phase 3a: a 0.84 acre (0.34 ha) site with consent
for a 150 bedroom hotel and up to 50 car
parking spaces.

• Phase 3b: a 2.4 acre (0.97 ha) site with consent
for up to 117,000 sq ft [NIA] of new office
accommodation. There is flexibility to split the
site to accommodate two office buildings.

• Phase 4: site with consent for up to 209,000 sq ft
(NIA) new offices.

• Phase 5: 7,000 sq ft medicentre.

Phase 1 & 2 of the scheme are now complete. Wycombe Leisure Centre opened to the public in January 2016 and comprises an 8-lane 50 metre
swimming pool and a 20 metre learner swimming pool, in addition to a 12 court sports hall, 10 metre climbing wall, dance studios and gym.

The new Waitrose retail store opened in Spring 2016 and provides 2,300 sq m of trading space making it one of the largest Waitrose stores in the country. Phase 2 also saw the creation of a new park & ride terminal and regional coachway, both of which have been operational since February 2016. National Express operate from the coachway. Phase 3 also includes an additional circus parking area comprising 0.5 acres (0.12 ha).

Location
High Wycombe is an affluent market town located between junctions 3 and 4 of the M40. With a population of 214,000 it is strategically located approximately 28 miles north west of London, 32 miles south east of Oxford and only 19 miles from Heathrow airport.

The town centre has benefitted from a multi million pound investment programme which has seen the opening of the Eden Shopping Centre which is home to major UK retailers including Marks & Spencer, House of Fraser, Boots, Topshop, Zara and Waterstones. The centre also has a full compliment of restaurants and coffee shops such as Zizzi, Wagamama, Bills, Patisserie Valerie and Starbucks as well as other leisure facilities including a bowling alley and cinema.

High Wycombe boasts excellent education provision with Buckinghamshire University aswell as outstanding secondary schools at Wycombe Abbey and The Royal Grammar School, High Wycombe.


More information from this agent

Nearest stations

  • High Wycombe (1.9 mi)
  • Marlow (2.6 mi)
  • Bourne End (3.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills , Margaret Street - Offices

33 Margaret Street, London, W1G 0JD

020 3858 3437 Local call rate

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Floorplans

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To view this property or request more details, contact:

Savills , Margaret Street - Offices

33 Margaret Street, London, W1G 0JD

020 3858 3437 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • High Wycombe (1.9 mi)
  • Marlow (2.6 mi)
  • Bourne End (3.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills , Margaret Street - Offices

33 Margaret Street, London, W1G 0JD

020 3858 3437 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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