Lot 32 details
6 Week completion
Located in the same parade as William Hill and Lloyds Bank and only approx. 100 yards from the junction with High Street which houses a variety of multiple retailers including Costa Coffee, Superdrug, Martins and a Post Office.
Newport Pagnell lies approx. 5 miles north of Milton Keynes and 55 miles north-west of London benefitting from good road access to the M1 (Junction 14) some 2 miles to the south.
Forming part of a parade comprising a Ground Floor Shop with internal access to a Flat (currently used as offices - see Note 1) on the first floor with uPVC windows. In addition, the property benefits from use of a rear service road.
Ground Floor Shop
Gross Frontage 20'10"
Internal Width 19'7"
Shop Depth 29'5"
Built Depth 37'11"
First Floor Flat (currently used as offices)
3 Rooms (one room has been partitioned into two rooms), Kitchen, Shower Room/WC
(GIA Approx. 680 sq ft)
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Northwood MK Ltd (with personal surety) as estate agents (franchisee trading under the Northwood brand which has 85 branches) for a term of 10 years from 17th September 2016 (renewal of a previous lease - in occupation since 2007) at a current rent of £19,000 per annum exclusive.
Rent Review and Tenant's Break 2021
Note 1: The flat originally had a separate rear access which was subsequently removed but could easily be re-instated in order to create a self-contained unit.