£495,000
Property for saleHigh Street, Newport Pagnell, Buckinghamshire MK16
Freehold
About this property
Two retail units currently let
First floor office let on licence
Ground rents to flats
Two ground floor retail units with ground rents to first floor flats.
43 High Street - Let to Deli on a 10 year full repairing lease expiring on 1st March 2034 and they are currently negotiating another 10 year. Passing rent £18,000 pa subject to review upward only linked to cpi every second year with a collar of 2% and a cap of 5%.
45 High Street - Let to Homes on Web on a 5 year full repairing and insuring lease expiring in 2030. Passing rent £14,500 pa.
6 St Johns Terrace - Tenant to be confirmed. Licence to Occupy. Monthly rent £350.
Ground rents in respect of Flats 2,4,8 & 10 with 106 years remaining at peppercorn.
43 High Street - Let to Deli on a 10 year full repairing lease expiring on 1st March 2034 and they are currently negotiating another 10 year. Passing rent £18,000 pa subject to review upward only linked to cpi every second year with a collar of 2% and a cap of 5%.
45 High Street - Let to Homes on Web on a 5 year full repairing and insuring lease expiring in 2030. Passing rent £14,500 pa.
6 St Johns Terrace - Tenant to be confirmed. Licence to Occupy. Monthly rent £350.
Ground rents in respect of Flats 2,4,8 & 10 with 106 years remaining at peppercorn.
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Monthly repayment
£2,476 per month
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