73 Park Street, Aylesbury, HP20 1DU
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Tuesday 25 November
- High Yielding Mixed Use Investment
- Funeral Home and Residential Upper Parts
- Fully Let to Southern Co-Operative Funerals Limited
- Five Year Lease Expiring 28.10.2028
- 2024 Break Option Not Exercised
- 1,915 sq ft (177.90 sq m)
- Asset Management Potential
- Prominent Corner Pitch
- VAT-Free Investment
Description
StrapLine
Auction Sale - 24/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteHigh Yielding Mixed-Use Funeral Home/Residential Investment
Let to Southern Cooperative Funerals on a Five Year Lease Expiring 28.10.2028
Investment Let at £15,000 per annum
Description
The property comprises a high yielding mixed-use investment occupying a prominent corner pitch.
Arranged as a ground floor funeral home with separately accessed residential upper parts, the property is fully let to Southern Co-Operative Funerals Limited on a five year lease expiring 28.10.2028 and paying £15,000 per annum. The tenant did not exercise their 2024 break option displaying confidence in the location.
The upper parts are in residential use and form part of the lease. We consider the property may benefit from asset management potential via regaining vacant possession of the upper parts.
The property includes an area to the rear which is developed to ground floor only. We therefore consider there may be potential to add a further residential unit at first floor level (subject to the existing lease and any requisite consents).
The property occupies a prominent corner position at the junction of several major arterial routes. The area is characterised by multiple uses including retail, residential, retail warehousing and industrial.
Tenancy
Southern Co-Operative Funerals Limited
- D&B Rating - 2A1
- Turnover (2024) - £13.74m
- Total Assets (2024) - £61.34m
Southern Co-Operative Funerals are an established operator trading since 1943 and from 62 funeral homes throughout Southern England.
73 Park Street, Aylesbury, HP20 1DU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Aylesbury Station0.6 miles
- Stoke Mandeville Station2.3 miles
- Aylesbury Vale Parkway Station2.6 miles
Notes
Disclaimer - Property reference 197-19840. 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 Savills Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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