Walton Street

Aylesbury, HP21 7QW

Please contact us for price

Space Available1.31 ac / 0.53 ha (approx. 530 desks)

Sajaad Ahmad

Director - Development Consulting

Agent details

Summary
Energy rating
Location
Brochures
Agents

Summary

This development site is available by way of sub-lease/assignment for a term of up to 140 years subject to freeholder's consent.

The lease by which the HMCTS interest at this property is formed is shown below:

Landlord | Aylesbury Constituency Conservative Association
Tenant | The Secretary of State for Housing Communities and Local Government
Commencement | 1st August 2008
Expiry | 31st July 2158
Term | 150 years
Initial Rent | £155,000/annum
Title Numbers | BM338438
Break/Disposition | This lease contains a provision that prohibits disposition
Assignment | Not to assign the whole or part of the demised premises without the Landlord?s written consent (not to be unreasonably withheld) save that where this lease is vested in a Crown Body the Tenant is permitted to assign the whole of the demised premises to any other Government Department without such consent.
Sub Letting | Not to sub-let the whole or part of the demised premises without the Landlord?s written consent (not to be unreasonably withheld) save that where this lease is vested in a Crown Body the Tenant is permitted to assign the whole of the demised premises to any other Government Department without such consent.
Rent Review | Rent review dates: every fifth anniversary of start date the rent is to be increased by 10.40807%.

By way of illustration, the first four rent increases shall be set out as follows:

The annual rent from the fifth anniversary of lease commencement shall be £171,132.51;

The annual rent from the tenth anniversary of lease commencement shall be £188,944.10;

The annual rent from the fifteenth anniversary of lease commencement shall be £208,609.53;

The annual rent from the twentieth anniversary of lease commencement shall be £230,321.76;

Permitted User | The lease is subject to a permitted user clause ? restricting use as ?courts or hearing rooms? and/or Government and/or other offices within Class B1 in the Schedule to the Town and Country Planning (Use Classes) Order 1987.
Alterations | Not at any time without the licence in writing of the Landlord first obtained (such licence not to be unreasonably withheld or delayed) to erect any new building or structure on the demised premises.
Other Lease Provisions | A copy of the lease signed 1st August 2008 is available upon request.

Energy rating

EPC Exempt

Location

The site is located close to the south of Aylesbury town centre, located at the junction of Walton Street and Stoke Road. The site is bounded by railway lines leading to the west and an access road to the Magistrates Court to the north which forms access to the site.

Brochure

Agent

Sajaad Ahmad

Director - Development Consulting

Agent details

Disclaimer

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken;
If the Property is in Scotland, this correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.