£425,000
(£245.66/sq. ft)
Property for sale43-45 High Street, 43-45 High Street, Newport Pagnell, Milton Keynes MK16
1,730 sq. ft
Freehold
About this property
Freehold retail investment for sale.
High Street location in thriving town centre.
Two ground floor units let on full repairing and insuring leases.
First floor office let on a licence at a monthly rent.
Rental income of £37,000 pa exclusive.
Description
The property comprises a Grade II Listed, three storey building, built of solid brick construction C. 17th century with mid-19th century refronting and 20th century alterations and additions, incorporating red brick Flemish bond with a glazed frontages to both 43 & 45 with timber frames finishes and sash windows to the upper parts, under a tiled roof.
43 High Street is a self-contained unit, currently tenanted by d’oro 24 an independent café operator. The property is fitted in their bespoke inhouse style and comprises a front sales/seating area, barista bar plus kitchen area flanked by rear storage and W/C facilities.
45 High Street is a self-contained unit, currently tenanted by Homes on Web, a residential estate & lettings agency. The property is fitted as a modern office with laminated timber flooring, LED strip lighting and perimeter data trunking. 6 St Johns Terrace is a first-floor office premise access via the rear and is currently tenanted by a private individual on a monthly licence.
The upper parts comprise 4 residential flats which have been sold off on a Long Leasehold basis (125-year leases from 17th March 2003).
Location
Newport Pagnell is a historic market located in the north-eastern fringe of Milton Keynes, approximately 4 miles north-east of Central Milton Keynes. The Town benefits from excellent road connectivity, positioned adjacent to J14 of the M1 Motorway and both the A422 and Wolverton road, which in turn provides direct routes to the surrounding suburbs and wider geographical
circumference of Milton Keynes.
43 & 45 High Street occupies a highly desirable and prominent town-centre position, the immediate vicinity is predominantly categorised by a wide range of local amenities including boutique retailers, restaurants, and everyday conveniences.
The property comprises a Grade II Listed, three storey building, built of solid brick construction C. 17th century with mid-19th century refronting and 20th century alterations and additions, incorporating red brick Flemish bond with a glazed frontages to both 43 & 45 with timber frames finishes and sash windows to the upper parts, under a tiled roof.
43 High Street is a self-contained unit, currently tenanted by d’oro 24 an independent café operator. The property is fitted in their bespoke inhouse style and comprises a front sales/seating area, barista bar plus kitchen area flanked by rear storage and W/C facilities.
45 High Street is a self-contained unit, currently tenanted by Homes on Web, a residential estate & lettings agency. The property is fitted as a modern office with laminated timber flooring, LED strip lighting and perimeter data trunking. 6 St Johns Terrace is a first-floor office premise access via the rear and is currently tenanted by a private individual on a monthly licence.
The upper parts comprise 4 residential flats which have been sold off on a Long Leasehold basis (125-year leases from 17th March 2003).
Location
Newport Pagnell is a historic market located in the north-eastern fringe of Milton Keynes, approximately 4 miles north-east of Central Milton Keynes. The Town benefits from excellent road connectivity, positioned adjacent to J14 of the M1 Motorway and both the A422 and Wolverton road, which in turn provides direct routes to the surrounding suburbs and wider geographical
circumference of Milton Keynes.
43 & 45 High Street occupies a highly desirable and prominent town-centre position, the immediate vicinity is predominantly categorised by a wide range of local amenities including boutique retailers, restaurants, and everyday conveniences.
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Monthly repayment
£2,126 per month
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