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Commercial Premises Investment, 9a/9b Market Square, Winslow, MK18 3AB

730 Sq Ft / Retail / General Retail

For Sale - £245,000.00

Available - Last updated: 12 November 2019

A fine Grade II Listed three-storey terraced property built during the 18th Century and located in the centre of the attractive Buckinghamshire town of Winslow, within the Conservation Area. The property comprises two ground floor lock up shop units plus a separate apartment arranged at first and second floor levels with a private ground floor entrance (sold on a 125-year lease).  

( Agency Pilot Software Ref: 696 )

Location

The market town of Winslow has a wide variety of local shopping including the well-known Bell Hotel and a Combined School. A recreational centre provides a wide variety of courses. The County Town of Aylesbury is approximately 10 miles distant with a mainline service to London (Marylebone) and Milton Keynes approximately 12 miles offering extensive shopping, leisure and cultural facilities and mainline station to London (Euston).

Accommodation

430 sq.ft. (40 sq.m.) and 300 sq.ft. (28 sq.m) - Approximate Net Internal Area

TENANCIES

Shop 1 (9a) – 430 sq.ft. approx.

Let on a five-year full repairing and insuring lease to Adam and Theresa Schofield, t/a Mood, from 1 st August 2018 at a rent of £8,000 per annum, with an option for the tenant to break after three years.

Shop 2 (9b) – 300 sq.ft. approx.

Let on a five-year full repairing and insuring lease to Sharon Gildersleve, t/a Gorgeous Hair, from 1 st December 2018 at a rent of £6,500 per annum.

Flat

On a 125-year ground lease from 1st January 2002 paying a ground rent of £100 per annum, which increases by £100 per annum every 25 years. This lease is also on a full repairing and insuring basis.

Terms

PRICE - £245,000, subject to contract.

VAT is not applicable in this case.

RATEABLE VALUE – The VOA website indicates the following rateable values:- 9a - £5,200 9b - £3,250 Rate in the £ for 2019/20 is 49.1 pence.

ENERGY PERFORMANCE RATINGS:

9a: C – 75

9b: D - 77

LEGAL COSTS - Each party to bear their own legal costs involved.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £245,000.00 NA

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Contact agents

Jim Sheldon

Duncan Bailey-Kennedy

01494 355112



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