Market Place, Olney
- PROPERTY TYPE
Shop
- SIZE
Ask agent
Key features
- RARE OPPORTUNITY FOR INVESTMENT BUYERS
- BUSINESS NOT AFFECTED
- OCCUPIED BY AN ESTABLISHED JEWELLERS
- ON A RENEWED TEN-YEAR INTERNAL REPAIRING LEASE
- AT A RENTAL OF £27,000 PER ANNUM
- FOUR CAR PARKING SPACES
Description
A RARE OPPORTUNITY TO ACQUIRE A PROMINENT PERIOD BUILDING (1,195 SQ FT) ON THE BUSY SOUTH SIDE OF OLNEY'S HISTORIC MARKET PLACE. THE PROPERTY IS FOR SALE TO INVESTMENT BUYERS ONLY AS THE PREMISES ARE OCCUPIED BY AN ESTABLISHED JEWELLERS ON A RENEWED TEN-YEAR INTERNAL REPAIRING LEASE FROM THE 22ND APRIL 2022 AT A RENTAL OF £27,000 PER ANNUM. THERE IS AN ELEMENT OF FLYING FREEHOLD TO THE FIRST FLOOR AND THERE IS FUTURE POTENTIAL TO CONVERT TO RESIDENTIAL, SUBJECT TO PLANNING. THE TENANT OCCUPIES THE WHOLE OF THE BUILDING OF WHICH FALLS UNDER PLANNING USAGE CLASS E. BENEFITS INCLUDE FOUR CAR PARKING SPACES TO THE REAR OF THE PREMISES.
Tenure: Freehold
GROUND FLOOR
438 sq ft (40.7 sq m)
Comprising main entrance, shop area, rear workshop, kitchenette, and WC.
FIRST FLOOR
757 sq ft (70.3 sq m)
Comprising two rooms to the front, each with part vaulted ceilings and windows overlooking the Market Place. To the rear there is an office room, store room and a WC.
BUSINESS RATES
Rateable value of 34A Market Place is £12,500 and 34B Market Place is £9,100. The rates payable may benefit from small business relief.
EPC
The EPC rating for 34A Market Place is Band D (80) and 34B Market Place is Band E (114).
COSTS
Each party is to be responsible for their own legal costs.
Brochures
BrochureMarket Place, Olney
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wolverton Station7.4 miles
Notes
Disclaimer - Property reference C6313. 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 Stephen Oakley & Co, Olney. 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.
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