36 High Street Stony Stratford, Milton Keynes MK11 1AF, 36 High Street, Stony Stratford, Milton Keynes
Size
1,317
Tenure
Freehold
EPC
Parking
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- Primary use
- Mixed use
No floor / site plan
Key features
- Asset management potential to improve the passing rent via section 25 notice
- Tenant has been in occupation since 2007 (currently holding over)
- Tenant confirmed they wish to remain at the property (Please refer to tenancy)
- VAT free investment
- Let at £18,250 p.a (9.35% GIY on guide or 14.61% on GIY subject to the new rent)
- A freehold mid terrace property an approx. 1,917 sq ft over 3 floor
- Section 25 notice served increasing the rent to £28,500 p.a.
- Development potential to convert the upper floors into a number of dwellings
- Car parking to the rear
- 6 week completion available
Description
A Section 25 Notice has been served proposing a new 10-year lease at £28,500 per annum, offering significant asset management potential from the current rent of £18,250 per annum.
The property benefits from rear car parking, VAT-free status and longer-term potential to convert the upper floors to residential accommodation, subject to the requisite consents.
Nearby national occupiers include Costa Coffee, Tesco Express, Boots and the Post Office as wall a wide range of local and boutique retailers.
The property occupies a prominent position on the High Street in the affluent market town of Stony Stratford, approximately 5 miles north-west of Milton Keynes. The town benefits from a strong mix of national and independent retailers, cafés, restaurants and local amenities, attracting consistent footfall throughout the day. Nearby occupiers include Costa Coffee, Tesco Express, Boots and the Post Office, together with a variety of established local businesses.
Transport
The property is well located with access to the regional road network via the A5, providing links to Milton Keynes, Towcester and the M1 motorway. Milton Keynes Central Station is approximately 5 miles to the south-east and provides regular services to London Euston, Birmingham and other major UK destinations.
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
- Environmental description
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Brochure
36 High Street Stony Stratford, Milton Keynes MK11 1AF, 36 High Street, Stony Stratford, Milton Keynes
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Disclaimer - Property reference A77CCBD5-1E2D-4D41-B6AF-5D71018589E3. 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 Savills National , Savills Auctions- Commercial. 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.

