Freehold Investment for Sale – £325,000 (excluding VAT)

£POA

139 Queensway, Bletchley, Buckinghamshire MK2 2DY

Subject to Occupational Lease, Two Storey Self-Contained Shop with Planning Gain and Rental Growth Potential

Ground floor gross internal area 1,060 sq ft/95.5m2

First floor gross internal area 560 square feet/52m2

 

Title

The property is secured under Title BM107853 having the postal address of 139 Queensway, Bletchley, Milton Keynes, Buckinghamshire MK2 2DY.

Location

Bletchley which has a population of approximately thirty eight thousand people straddles the A5 approximately forty miles north of London and adjoins the outskirts of Milton Keynes City.

This property is contained on the eastern edge of the town’s central open shopping area adjacent to what was the old marketplace and now a limited stay car park.

Junctions 13 and 14 of the M1 motorway are within a ten minutes’ drive of the property in good traffic conditions.

Description

A two storey (the first floor is set back and of less floor area to the ground floor) inner terrace ground floor shop with first floor storage.  Constructed probably in the 1970s of brick, concrete and timber under a flat felt covered roof.

Services

Mains water, electricity and drainage are connected.

Accommodation & Facilities

  • Ground floor shop gross internal area approximately 1050 sq ft/77.5 m2
  • First floor storage area gross internal area approximately 566 sq ft/52 m2
  • Loading is available to the rear of the property accessible from Princes Way

Tenure

Freehold secured under Title BM107853 subject to an occupational lease dated 6th May 2015 at a passing rent agreed at the 2018 review at £18,000 per annum exclusive, with The Trustees of The RSCPA, a well-known charity, who have been in possession for many years, have expended money on the property and it is anticipated the tenants will want to renew the lease in October 2023,

Energy Performance Certificate

Energy Performance Certificates will be provided.

Rateable Value

We understand that the rateable value is £17,759.  Prospective tenants are recommended to verify the assessment with The Valuation Office Agency (voa.gov.uk).

Legal Fees

Each party to pay their own costs.

Viewing

Strictly through Peter Hill Chartered Surveyors 01582 724828 or 07973 148576.

Property Enquiry