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£199,500

Stony Stratford, Buckinghamshire

* Two storey freehold building FOR SALE * £199,500 subject to lease of ground floor * BEST AND FINAL OFFERS INVITED BY 10AM FRIDAY 5TH JULY 2019

LOCATION
BEST AND FINAL OFFERS INVITED BY 10AM FRIDAY 5TH JULY 2019

Stony Stratford is a vibrant and popular market town approximately five miles north west of Central Milton Keynes, eight miles south of Towcester and eight miles north east of Buckingham. The area is easily accessible to the A5 and A508 roads and the M1 Motorway (Junction 14) is 7 miles to the east.

The property occupies a prominent position on the High Street. Occupiers in the immediate locality include Costa Coffee, Boots, Coral, Barclays Bank and a variety of independent retailers and popular restaurants, cafes and bars.

DESCRIPTION
The property is a Grade II listed mid terraced, two storey building arranged as a ground floor retail unit with first floor storage. The retail unit has a fully glazed frontage and provides an open plan retail area with two rear store rooms, kitchen and WC.

The property has rear access and adjacent is an alleyway which provides access through to the Market Square at the rear.

ACCOMMODATION
The property provides the following approximate net internal areas:

Ground floor retail – 31.94 sq. m. / 344 sq. ft.
Ground floor stores – 13.17 sq. m. / 142 sq. ft.
Kitchen – 1.95 sq. m. / 21 sq. ft.
Total – 47.06 sq. m. / 507 sq. ft.

There is a first floor storage area which is inaccessible and has not been measured by the agent.

SERVICES
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agent.

TERMS
The freehold interest is for sale at £199,500 subject to the lease of the ground floor at a passing rent of £15,000 per annum and vacant possession of the first floor. For further information please contact the agent.

OUTGOINGS
The property has a rateable value of £11,250.

VAT
Any rents, prices and premiums quoted are exclusive of VAT and the agent is advised that VAT is payable on a purchase.

LEGAL COSTS
Each party is to bear their own legal and professional costs.

PLANNING
The unit has consent for A1 Retail under the Town and Country Planning (Use Classes) Order 1987 (as amended).

VIEWING
Strictly by appointment via the sole agent.

Duncan Batty MRICS
01327 356140 / duncan.batty@berrys.uk.com

Ella Bowen MRICS
01327 227243 / ella.bowen@berrys.uk.com