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24 Stratford Rd 2,200 sq ft 100% Let Retail Property Milton Keynes MK12 5LW £550,000 (£250/sq ft)
INVESTMENT HIGHLIGHTS
- Ground floor restaurant/takeaway.
- Currently let.
- Upper floors residential accommodation.
- Income producing.
EXECUTIVE SUMMARY
Ground Floor retail investment premises with fenced veranda to the front and extends to a depth of 1.5m. Both units comprise restaurant/ seating area to front with commercial kitchen and W.C. facility to the rear. At the rear there are two single storey extensions, with rear access from both units to parking and bin storage. There are two sets of extractions vents from the kitchen of each unit.
The whole property is let to MSR UK Ltd on a 7 year lease, with a rent review every 3 and a half years, at a rental of £36,000 per annum.
The town of Wolverton is located on the northern edge of Milton Keynes, between Newport Pagnell and Stony Stratford and approximately 3 miles from Central Milton Keynes. The town is within easy reach of both the M1 motorway and the A5. It has the benefit of a main line railway station.
The premises are to be sold freehold at offers in the region of £550,000 exclusive.
The whole property is let to MSR UK Ltd on a 7 year lease, with a rent review every 3 and a half years, at a rental of £36,000 per annum.
The town of Wolverton is located on the northern edge of Milton Keynes, between Newport Pagnell and Stony Stratford and approximately 3 miles from Central Milton Keynes. The town is within easy reach of both the M1 motorway and the A5. It has the benefit of a main line railway station.
The premises are to be sold freehold at offers in the region of £550,000 exclusive.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,200 sq ft
Costar Property Class
B
Year Built
1927
Price
£550,000
Price per sq ft
£250
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Frontage
19 ft on Stratford Rd
AMENITIES
- Courtyard
- Dedicated Turn Lane
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
-
- -
- 871 sq ft
- -
- -
Established in 2014 by John, Akasaka is an authentic Japanese Kitchen located in Wolverton, Northampton and Milton Keynes. They pride themselves on their fresh ingredients and delicious sushi flavours.
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
|
|
- | 871 sq ft | - | - |
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24 Stratford Rd
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