HIGH STREET, NEWPORT PAGNELL
Guide Price £300,000
- 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
Tenure: Freehold
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.
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.
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.
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.
