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£525,000

Stony Stratford, Bucks

*Rarely available Freehold building on Stony Stratford High Street for sale at £525,000 * Mixed use asset management / investment opportunity * 2 ground floor shops with a 3 bed duplex flat * £34,650 pax rent upon completion

LOCATION
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 close to the junction of London Road and Wolverton Road. Occupiers in the immediate locality include Costa Coffee, Boots, Coral, Barclays Bank and a variety of independent retailers and popular restaurants and bars.

DESCRIPTION
The property is a Grade II listed, three storey mid terrace building arranged as two self contained ground floor shops with a separately accessed duplex three bedroom flat to the upper floors.

The ground floor shops have fully glazed frontages and at first floor there are two original bay window sections. The upper floors are vacant and require refurbishment with potential to increase the rental return or change the use, subject to planning permission. To the rear of the property is a large paved yard for car parking and loading.

ACCOMMODATION
The property provides the following accommodation:

2 High Street – 38.83 sq. m. / 418 sq. ft.
2A High Street – 52.07 sq. m. / 560 sq. ft.
First Floor – Entrance hall, Dining room, Lounge, study, Kitchen, WC
Second Floor – Three bedrooms, bathroom

SERVICES
We understand that all mains services are connected (electricity, drainage, water and gas). These services have not been tested by the agent. One of the ground floor retail units has air conditioning.

TERMS
The freehold is for sale at £525,000 subject to the two occupational leases at ground floor and an AST to the upper parts upon completion.

OUTGOINGS
The property is assessed for Business Rates with a rateable value of £9,600 for 2 High Street and £12,500 for 2A High Street. The upper parts are within Band ‘B’ for council tax purposes.

VAT
All prices are quoted exclusive of VAT and the agent is advised that VAT is not payable.

LEGAL COSTS
Each party is to bear their own legal and professional costs incurred in the transaction.

PARKING NOTES
There is a yard and parking to the rear of the property.

VIEWING
Strictly by appointment via the sole agent.
Duncan Batty MRICS 01327 356140 / duncan.batty@berrys.uk.com
Ella Bowen BSc (Hons) 01327 356243 / ella.bowen@berrys.uk.com