Phase 3 & 4 Handy Cross Hub, Junction 4 M40, High Wycombe, HP10 9QD | Property to rent | Savills
117,000 to 210,000 sq ft(10,869.65 to 19,509.63 sq m)
Price per sq ft£30.00
per year

Phase 3 & 4 Handy Cross Hub, Junction 4 M40High Wycombe, HP10 9QD

    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.

    New Thames Valley Mixed Use Business Park Development Opportunity

    About this property

    • 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

      • 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).

    Local information

    • 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.