An opportunity to gain representation in one of the UK’s leading motorway service stations
The Hope & Champion occupies a mid-terrace position immediately to the left of the main entrance to the service station. The property provides accommodation on ground and first floor levels with the main bar at ground floor level with bar servery to one side. This area is laid out to provide a variety of fixed bench seating, loose tables and chairs for approximately 80 covers. At first floor level the property is laid out to provide further seating for approximately 60 covers in addition to the customer WC’s, catering kitchen, beer cellar, managers office and staff changing facilities. Externally the property has two separate terraces. To the front of the property the terrace is currently laid out to accommodate approximately 28 covers with a further 60 covers provided on the large terrace immediately to the rear of the property.
Beaconsfield is an affluent market town in south Buckinghamshire that is located 23 miles north west of central London and 5 miles from the towns of Amersham, Gerrards Cross and High Wycombe. The Extra Beaconsfield services are located immediately to the west of junction 2 of the M40 Motorway. The M25 is located within 4 miles to the south and is accessible via junction 16 with Heathrow airport being within 10 miles to the south. As well as being one of the major transport links between London and the Midlands and North the M40 generates significant vehicle flow from those travelling to and from the following popular attractions and destinations; • Wembley Stadium • Heathrow Airport • Windsor Castle • Warner Brothers Studios – The Making of Harry Potter • Bekonscot Model Village • Twickenham • Westfield London • Oxford • Bicester Village • Stratford Upon Avon • Warwick Castle The Extra Beaconsfield services has an excellent and diverse mix of occupiers. The Hope & Champion in located immediately adjacent to the Ibis Budget Hotel and to the main entrance into the building. Food and beverage operators represented include Nando’s, Pizza Express, KFC, McDonalds, Leon, Gregg’s, Starbucks, Chozen Noodle, Tapori and El Mexicana. In addition there is an M&S; Simply Food, WH Smith and Regus Express business centre also within the scheme.
The property is held on a lease for a term of 25 years from 20th January 2014 at a rent which is to be to the higher of the base rent of £174,541.89 per annum or 16% of gross turnover. The base rent is subject to annual review which is linked to trading performance and the lease has the benefit of a tenant break option on 20th January 2029 upon giving the landlord 6 months notice in writing. The property is subject to a service charge which for the most recent year was in the region of £41,000. The lease is excluded from the security of tenure provisions of the Landlord & Tenant Act 1954. The are certain restrictions within the lease regarding user. Further details are available upon request.
Rateable Value & EPC
The 2017 Rateable Value for the property is £198,000. The property has an EPC rating of B – 46.
The property benefits from a premises licence permitting the sale of alcohol from 8am until 1am each day.
Viewings and terms
Interested parties are asked to undertake discreet customer visits in the first instance. No formal viewings will be permitted unless arranged through the joint selling agents Savills and CBRE. Under no circumstances should any direct approach be made to any of our clients staff. The premises are available by way of an assignment of the existing lease.
Amersham (6.0 miles)
Chalfont & Latimer (6.2 miles)
Chorleywood (6.5 miles)
Beaconsfield (1.8 miles)
Seer Green & Jordans (2.0 miles)
Gerrards Cross (3.2 miles)