Mixed use for sale
Property description & features
- Tenure: Freehold
- Retail Unit to Ground Floor
- Three Residential Apartments
- Popular Residential Area
- Excellent Road Links
The ground floor is a retail unit with use class E and is a spacious retail unit, perfectly positioned to attract foot traffic from both residents and visitors. This retail space generates a reliable monthly income of £650, catering to the diverse needs of the local market.
The property has three residential flats, each achieving a consistent rental income of £875 per calendar month, with the option to extend the current tenancy agreement for a further 3 years. These modern living spaces are in high demand among tenants seeking comfortable accommodation within the vibrant community of Newport Pagnell.
With a combined and potential rental income of £3,275 per calendar month, this commercial property offers a compelling investment proposition for discerning investors seeking stable returns in an attractive market. The diversified income streams from both residential and retail sectors ensure resilience and long-term profitability.
Location
Situated in a highly desirable residential neighbourhood, the property enjoys proximity to essential amenities, schools, and recreational facilities, enhancing its appeal to potential tenants and customers alike. Newport Pagnell is renowned for its bustling market scene and vibrant atmosphere, drawing in crowds of shoppers and tourists throughout the year. This dynamic environment presents abundant opportunities for the retail unit to thrive and flourish.
Seize this exceptional opportunity to acquire a prime commercial property in Newport Pagnell, a town brimming with growth potential and investment opportunities. Whether you're a seasoned investor or a newcomer to the market, this property promises steady returns and enduring value in a thriving community.
Schedule a viewing today to explore the full potential of this lucrative investment opportunity!
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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Property reference 34535_MKSL. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by MK Property Sales & Lettings - Newport Pagnell.
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Broadband availability and predicted speed
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Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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