SSTC
MARKET PLACE, OLNEY
Guide Price £495,000
- RARE OPPORTUNITY FOR INVESTMENT BUYERS
- BUSINESS NOT AFFECTED
- OCCUPIED BY AN ESTABLISHED JEWELLERS
- ON A RENEWED TEN-YEAR INTERNAL REPAIRING LEASE
- AT A RENTAL OF £27,000 PER ANNUM
- FOUR CAR PARKING SPACES
INVESTMENT PROPERTY FOR SALE, BUSINESS NOT AFFECTED
A RARE OPPORTUNITY TO ACQUIRE A PROMINENT PERIOD BUILDING (1,195 SQ FT) ON THE BUSY SOUTH SIDE OF OLNEY�S HISTORIC MARKET PLACE. THE PROPERTY IS FOR SALE TO INVESTMENT BUYERS ONLY AS THE PREMISES ARE OCCUPIED BY AN ESTABLISHED JEWELLERS ON A RENEWED TEN-YEAR INTERNAL REPAIRING LEASE FROM THE 22ND APRIL 2022 AT A RENTAL OF £27,000 PER ANNUM. THERE IS AN ELEMENT OF FLYING FREEHOLD TO THE FIRST FLOOR AND THERE IS FUTURE POTENTIAL TO CONVERT TO RESIDENTIAL, SUBJECT TO PLANNING. THE TENANT OCCUPIES THE WHOLE OF THE BUILDING OF WHICH FALLS UNDER PLANNING USAGE CLASS E. BENEFITS INCLUDE FOUR CAR PARKING SPACES TO THE REAR OF THE PREMISES.
Tenure: Freehold
A RARE OPPORTUNITY TO ACQUIRE A PROMINENT PERIOD BUILDING (1,195 SQ FT) ON THE BUSY SOUTH SIDE OF OLNEY�S HISTORIC MARKET PLACE. THE PROPERTY IS FOR SALE TO INVESTMENT BUYERS ONLY AS THE PREMISES ARE OCCUPIED BY AN ESTABLISHED JEWELLERS ON A RENEWED TEN-YEAR INTERNAL REPAIRING LEASE FROM THE 22ND APRIL 2022 AT A RENTAL OF £27,000 PER ANNUM. THERE IS AN ELEMENT OF FLYING FREEHOLD TO THE FIRST FLOOR AND THERE IS FUTURE POTENTIAL TO CONVERT TO RESIDENTIAL, SUBJECT TO PLANNING. THE TENANT OCCUPIES THE WHOLE OF THE BUILDING OF WHICH FALLS UNDER PLANNING USAGE CLASS E. BENEFITS INCLUDE FOUR CAR PARKING SPACES TO THE REAR OF THE PREMISES.
Tenure: Freehold
GROUND FLOOR
438 sq ft (40.7 sq m)
Comprising main entrance, shop area, rear workshop, kitchenette, and WC.
Comprising main entrance, shop area, rear workshop, kitchenette, and WC.
FIRST FLOOR
757 sq ft (70.3 sq m)
Comprising two rooms to the front, each with part vaulted ceilings and windows overlooking the Market Place. To the rear there is an office room, store room and a WC.
Comprising two rooms to the front, each with part vaulted ceilings and windows overlooking the Market Place. To the rear there is an office room, store room and a WC.
BUSINESS RATES
Rateable value of 34A Market Place is £12,500 and 34B Market Place is £9,100. The rates payable may benefit from small business relief.
EPC
The EPC rating for 34A Market Place is Band D (80) and 34B Market Place is Band E (114).
COSTS
Each party is to be responsible for their own legal costs.
Map
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.
