HIGH STREET, NEWPORT PAGNELL

** COMMERCIAL FREEHOLD INVESTMENT **
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.

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

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.

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.