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COMMERCIAL

High Street, Newport Pagnell

Guide Price
£295,000
Stephen Oakley & Co, Olney
PROPERTY TYPE

Shop

SIZE

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Key features

  • COMMERCIAL FREEHOLD INVESTMENT
  • PROMINENT POSITION IN A BUSY HIGH STREET
  • RETAIL AREA, KITCHEN AND WC
  • MONTHLY RENT IS £1,650.00
  • CURRENT TENANTS WISH TO CONTINUE
  • RADIATOR CENTRAL HEATING

Description

A RARE OPPORTUNITY TO ACQUIRE THE FREEHOLD INTEREST OF THIS COMMERCIAL PERIOD BUILDING. THESE RETAIL PREMISES ENJOY A PROMINENT FRONTAGE ON THE BUSY HIGH STREET IN THE CENTRE OF THIS POPULAR MARKET TOWN. COMPRISING A SHOP AREA WITH SEPARATE KITCHEN AND WC. LET TO ECIGWIZARD AT A PASSING RENT OF £19,800.00 PER ANNUM.


Tenure: Freehold

PREMISES

RETAIL AREA: 596 SQ FT (55.75 SQ M)

KITCHEN AREA: 28.5 SQ FT (2.65 SQ M)

WC

The premises benefit from radiator central heating, fired by an electric boiler.

Unrestricted public parking is available nearby.

TERMS

TERMS AND TENURE:
The premises are let to Ecigwizard on a ten-year lease that expired on the 30th November 2022. We are informed the current tenants wish to continue and are currently being held over under the terms of their assigned lease.

RENT:
The monthly rent is £1,650.00. The freehold purchaser will also benefit from the ground rents paid by the two apartments above the shop. Apartment 75A and 75B each pay a ground rent of £75.00 and were let on 125-year leases from the 21st September 2007.

COMMERCIAL BUSINESS RATES:
The rateable value is £14,250.00, payable per annum at £7,110.75.

Please note the building is Grade II listed.

Brochures

Brochure

High Street, Newport Pagnell

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wolverton Station3.7 miles
  • Milton Keynes Central Station4.1 miles
  • Woburn Sands Station5.6 miles
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About Stephen Oakley & Co, Olney

35 High Street Olney MK46 4EB
Industry affiliations:

Stephen Oakley & Co, are an established independant estate agency, providing a professional service for selling all types of property from a one bedroom flat to a substantial country home.

In addition, we have a rental department specialising in the letting and management of residential properties.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference C6372. 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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