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Guide price
£295,000

Shop for sale

HIGH STREET, NEWPORT PAGNELL
Shop
Added > 14 days

Features and description

  • Tenure: Freehold
  • 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
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

Rooms

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.

Property information from this agent

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About this agent

Stephen Oakley & Co - Olney
Stephen Oakley & Co - Olney
35 High Street Olney MK46 4EB
01234 584681
Full profileProperty listings
Stephen Oakley & Co  are an established independent estate agency, providing a professional service for selling all types of property from a one bedroom apartment to a substantial country home.  In addition they have a rental department specialising in the letting and management of residential properties. They have a commercial department, dealing with the disposal and leasing of shops and offices.  The Professional Agent  The only fully licenced agent by the NAEA & ARLA in Olney.  A fully bonded member firm of The National Association of Estate Agents (NAEA) and a participating member of the NAEA Client Money Protection Scheme in respect of lettings and management, licensed by ARLA for residential lettings and management.  Stephen Oakey & Co are members of the Property Ombudsman, also members of the Olney Chamber of Trade. In addition, Stephen Oakley & Co are members of Home Link, the NAEA Nationwide Referral Service. If you have a property to sell or let or are in the market to buy or rent a property you will be in safe hands with Stephen Oakley & Co.  Stephen Oakley, the proprietor, is a Fellow of the National Association of Estate Agents (FNAEA) and has over thirty years of experience working and residing within the local property market. During this time, he has gained an in depth knowledge and has seen many changing markets. Committed to excellence, Stephen leads his accomplished team from the front line and is involved in the everyday running of the business. The company trades from an attractive double fronted period building, which commands a prominent High Street position and we have added a new Window Display which features high-tech state of the art monitors with LED light pockets, within the busy market town of Olney, near Milton Keynes. For a location map and direction to our offices please head to our site. The company also has an associated office in Central London at Cashel House in Mayfair. 
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