retail/residential investment freehold - Realla
01234 341311 www.stimpsonseves.co.uk
2 Bridge Street, Buckingham, MK18 1EL
FREEHOLD
RETAIL/RESIDENTIAL INVESTMENT
Location Buckingham is an attractive University town and important residential/ commercial centre situated midway between the M40 and M1 Motorways. Milton Keynes railway station is approximately 20 minute drive and offers a 35 minute intercity service to London Euston as well as frequent trains to Birmingham and the North. Milton Keynes is approximately 15 miles, Oxford 25 miles, Banbury 17 miles and Brackley 10 miles. Buckingham has excellent communications and is strategically located with direct road access to A41 which further connects the A43, M1 and M40. Description Prominent location close to centre of Buckingham. Ground floor retail lock up with extensive ancillary storage and staff facilities. The retail unit is let to Domino’s Pizza trading as DP Realty Limited, by way of a 20 year full repairing and insuring lease from 2016, with tenants break at the end of the 11th year at a rent of £24,000 per annum exclusive. The freehold investment also includes 4 x 1 bedrooom flats at first and second floor within the building, let by way of 99 year leases from 1st January 1988, at a ground rent of £50 per annum per flat, increasing to £100 per annum per flat from 1 st January 2021. On the basis that each flat has circa 70 years remaining, a premium will be payable by the long leaseholder to extend the lease of each flat in due course.
91a High Street, Newport Pagnell, Milton Keynes, MK16 8EN 01908 611408
01234 341311 www.stimpsonseves.co.uk
2 Bridge Street, Buckingham, MK18 1EL
Accommodation Ground Floor Retail Area Ancillary / office / staff Area
478 sq ft (44.4 sq m) 423 sq ft (39.2 sq m)
First Floor Second Floor
2 x 1 bedroom flat 2 x 1 bedroom flat
Guide Price £495,000 exclusive Rates Rateable Value
£16,000
The rates payable may be affected by transitional arrangements. Interested parties should call the local Rating Authority for further advice. Costs Each party is to be responsible for their own legal costs. VAT All figures are quoted exclusive of VAT, purchasers and lessees must satisfy themselves as to the applicable VAT position, seeking appropriate professional advice. EPC The EPC rating for the property is 85 - Band D. Viewing Strictly by appointment only please contact Joshua Parello Giles Ferris BSc(Hons) MRICS
[email protected] [email protected]
www.stimpsonseves.co.uk 91a High Street, Newport Pagnell, Milton Keynes, MK16 8EN T: 01908 611408 Stimpsons Eves is the trading name of Stimpsons Eves Limited Registered in England & Wales. Company Reg. no; 6512125 whose registered address is Northwood House, 138 Bromham Road, Bedford. MK40 2QW Note: Messrs. Stimpsons Eves for themselves and for vendors or lessons of this property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchases or lessees, and do not constitute, nor constitute part of, an offer or contract;(ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchases or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs. Stimpsons Eves has any authority to make or give any representation or warranty whatever in relation to this property.
2 Bridge Street, Buckingham, MK18 1EL
FREEHOLD
RETAIL/RESIDENTIAL INVESTMENT
Location Buckingham is an attractive University town and important residential/ commercial centre situated midway between the M40 and M1 Motorways. Milton Keynes railway station is approximately 20 minute drive and offers a 35 minute intercity service to London Euston as well as frequent trains to Birmingham and the North. Milton Keynes is approximately 15 miles, Oxford 25 miles, Banbury 17 miles and Brackley 10 miles. Buckingham has excellent communications and is strategically located with direct road access to A41 which further connects the A43, M1 and M40. Description Prominent location close to centre of Buckingham. Ground floor retail lock up with extensive ancillary storage and staff facilities. The retail unit is let to Domino’s Pizza trading as DP Realty Limited, by way of a 20 year full repairing and insuring lease from 2016, with tenants break at the end of the 11th year at a rent of £24,000 per annum exclusive. The freehold investment also includes 4 x 1 bedrooom flats at first and second floor within the building, let by way of 99 year leases from 1st January 1988, at a ground rent of £50 per annum per flat, increasing to £100 per annum per flat from 1 st January 2021. On the basis that each flat has circa 70 years remaining, a premium will be payable by the long leaseholder to extend the lease of each flat in due course.
91a High Street, Newport Pagnell, Milton Keynes, MK16 8EN 01908 611408
01234 341311 www.stimpsonseves.co.uk
2 Bridge Street, Buckingham, MK18 1EL
Accommodation Ground Floor Retail Area Ancillary / office / staff Area
478 sq ft (44.4 sq m) 423 sq ft (39.2 sq m)
First Floor Second Floor
2 x 1 bedroom flat 2 x 1 bedroom flat
Guide Price £495,000 exclusive Rates Rateable Value
£16,000
The rates payable may be affected by transitional arrangements. Interested parties should call the local Rating Authority for further advice. Costs Each party is to be responsible for their own legal costs. VAT All figures are quoted exclusive of VAT, purchasers and lessees must satisfy themselves as to the applicable VAT position, seeking appropriate professional advice. EPC The EPC rating for the property is 85 - Band D. Viewing Strictly by appointment only please contact Joshua Parello Giles Ferris BSc(Hons) MRICS
[email protected] [email protected]
www.stimpsonseves.co.uk 91a High Street, Newport Pagnell, Milton Keynes, MK16 8EN T: 01908 611408 Stimpsons Eves is the trading name of Stimpsons Eves Limited Registered in England & Wales. Company Reg. no; 6512125 whose registered address is Northwood House, 138 Bromham Road, Bedford. MK40 2QW Note: Messrs. Stimpsons Eves for themselves and for vendors or lessons of this property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchases or lessees, and do not constitute, nor constitute part of, an offer or contract;(ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchases or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs. Stimpsons Eves has any authority to make or give any representation or warranty whatever in relation to this property.
