Property photos
Freehold
Offers over
£300,000
Property for sale
Freehold Investment Portfolio, High Street, Newport Pagnell, Buckinghamshire MK16Local area information
Property location
Nearby amenities
- Cedars Primary School 0.2 miles
- Tickford Park Primary School 0.4 miles
- Wolverton 3.8 miles
- Milton Keynes Central 4.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Investment Portfolio
- Retail, Residential and Land
- Guide price offers in excess of £300,000.
An investment portfolio comprising a ground floor retail premises, residential first floor flat and building plot to the rear, with planning consent.
The retail is let by way of a 10 year lease from 2022 to Keech Hospice expiring in 2032, subject to a break at the fifth year 2027, at a rental of £15,000 per annum exclusive. The residential flat has been sold on a 125 year long leasehold, with 100 years remaining at a ground rent of £200 per annum, and a licence for a parking space at £120 per annum. The land to the rear comprises 2 building plots and has planning consent for residential (Please note the planning consent includes neighbouring land owned by another party and rights of way to be granted from Union Street to building plots).
The retail is let by way of a 10 year lease from 2022 to Keech Hospice expiring in 2032, subject to a break at the fifth year 2027, at a rental of £15,000 per annum exclusive. The residential flat has been sold on a 125 year long leasehold, with 100 years remaining at a ground rent of £200 per annum, and a licence for a parking space at £120 per annum. The land to the rear comprises 2 building plots and has planning consent for residential (Please note the planning consent includes neighbouring land owned by another party and rights of way to be granted from Union Street to building plots).
More information
Listed by
Stimpsons Eves
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