Jansel Sq
Aylesbury HP21 7ET

The property provides a new extension to the Bedgrove Shopping Centre known as Jansel Square which benefits from ample car parking, which is free for 2 hours and £1 thereafter.
4,300 sq ft unit let to Sainsbury’s Supermarkets
1,400 sq ft let to Domino’s Pizza
1,300 sq ft let to Bristal Investments Ltd (t/as) Costa Coffee
Current total income £163,550 per annum
The largest property is let to Sainsburys Supermarket Ltd for a term of 15 years from March 2014 with a tenant’s only break provision at the end of the 10th year. With 5 yearly reviews, collared and capped at 1% and 4% annually respectively. The current rental is £88,000 per annum and commenced 11 March 2019 after review.
Domino’s Pizza have taken a 20 year lease from December 2014 with a break at the 11th anniversary, 5 yearly upward only rent reviews at market rent, first review 01.12.2019 (likely to improve to £35,000 pa).
Bristal Investments Ltd (registration No: 04953192) commenced trading in 2003 and have taken a 15 year full repairing and insuring lease within the Act from 19th November 2017, subject to market value rent reviews at years 5 and 10 with a tenant only break clause at the end of year 10, by giving 6 months written notice. Rental for years 1 and 2 is £28,000 per annum plus VAT and years 3, 4 and 5 at £31,500 per annum plus VAT.
Our Clients would consider disposing of Jansel 2 (t/as Costa Coffee) under a separate agreement. Offers are sought in the region of £1.025 million for the freehold interest.
Offers invited in the region of £4 million for the freehold interest in both buildings, after the review on Domino’s and including the three retail units, which reflects a gross initial yield of 4.08%.