- MIXED RESIDENTIAL AND COMMERCIAL USE, GROUND FLOOR RETAIL, FIRST FLOOR RESIDENTIAL
- GROUND FLOOR LET ON A TWELVE-YEAR LEASE COMMENCING AUG 2023 AT £833.33/PCM EXCLUSIVE (£10,000 PER ANNUM) WITH THREE YEARLY UPWARD ONLY RENT REVIEWS, NEXT REVIEW AUGUST 2026
- FIRST FLOOR LET ON LONG TERM ANNUALLY REVEWABLE TENANCY AT £875/PCM (£10,500 PER ANNUM) INCLUDING UTILITIES
- HIGH STREET LOCATION OPPOSITE CO-OP SUPERMARKET AND FREE STREET PARKING
- WALKING DISTANCETO THE NEW WINSLOW TRAIN STATION
- GAS CENTRAL HEATING TO RADIATORS
This property listing is now SSTC
1 Bedroom Commercial Property for sale in Buckingham
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A rare opportunity to purchase a very affordable freehold investment property, in an excellent trading position, in the historic market town of Winslow which has easy access to Aylesbury, Milton Keynes, Bicester and Oxford.
The property, which was built in the early nineteen hundreds, has been well maintained and provides attractive period character accommodation with original fireplaces, doors, plaster cornices and other features.
The first floor is arranged as a one bedroomed apartment with an attractive open plan living room with bay window and kitchen area with window. There is a generous double bedroom and a bright white bathroom.
The current tenant has occupied the apartment for over fifteen years and wishes to continue to live at the property for the foreseeable future. She would seek to extend the tenancy for the long term.
The ground floor retail until is let on a twelve-year lease from August 2023 at a current rent of £10,000 p.a. exclusive and trades as Sunny Nails. A successful nail parlour with fully experienced principal and staff.
The ground floor, twelve-year, lease details a service charge of 50% of the cost of maintenance and repair of the whole building.
There are upward only rent reviews every three years, the next review is due as of 10th August 2026.
The double depth showroom provides approximately 42 square metres of open plan space off which is a small storage area, kitchenette and cloakroom.
There is a deep lawned garden with shed at the rear, accessible from the shop’s rear lobby. The garden maintenance is the responsibility of the ground floor tenant who has exclusive use of it.
Utilities - The premises are served by single supplies of gas, electricity and water/sewerage, all of which are registered in the name of the ground floor retail tenant. The landlord reimburses the ground floor tenant, monthly, an agreed percentage of the utility bills to cover the cost of the first-floor apartment’s usage. This currently works out at approximately £1,000 p.a. The first-floor tenant pays a premium rent to include these utilities.
Council Tax – the first-floor tenant is responsible for payment of residential council tax.
Business Rates – the ground floor tenant is responsible for payment of business rates (but should receive 100% rate relief under current legislation).
Winslow has a range of shopping and leisure facilities, GP and dental surgeries, a library and a range of public houses and restaurants. The town also has a Church of England combined school and the Sir Thomas Fremantle secondary school. Winslow is also in the catchment area for the Royal Latin (grammar) School in Buckingham. Train links to London Euston and Marylebone are currently about 12 miles away but the new Winslow Station will when completed will enable much easier commuting with links to Oxford and Cambridge.
Important Information
- This is a Freehold property.
- This Council Tax band for this property is: A
Property Ref: MLS688400
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