Property photos
Freehold
Guide price
£600,000
5 bed property for sale
West Street, Buckingham MK185 beds
4 baths
4 receptions
Key Information
Local area information
Property location
Nearby amenities
- George Grenville Academy 0.3 miles
- Buckingham School 0.4 miles
- Wolverton 9.1 miles
- Milton Keynes Central 9.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Investment 4 Residential Flats (All Let)
- Investment Two Commercial Shops and Offices (One Let)
- Gross Yield (When Occupied) 8%
- 3,936 Square Feet Floor Area
- Grade II Listed Georgian Building
- Scope to Enhance Property and Return
- Prominent Buckingham Town Centre Location
- Virtual Tour On Line
*** Freehold Investment *** Town centre, mixed-use, residential, and commercial investment offering a good current yield with scope for enhancement and a rent increase. The property comprises a Georgian, Grade II listed building in Buckingham town centre with four residential apartments, all let and two commercial units (one let). The investment when fully occupied is likely to generate in excess of an 8% gross yield. There are four apartments (three one-bedroom and one two-bedroom).
Location
Located in the rural north of Buckinghamshire with a fascinating history and abundant green spaces, Buckingham is in the heart of south-east England, 65 miles from the centre of London, 25 miles from Oxford and neighbouring many great attractions such as Stowe Landscape Gardens and Silverstone Race Track. The town is well served by roads, being easily located between the M1 to the east and the M40 to the west. A422 and A421 link directly with the town centre with convenient car parking. Local train links include Milton Keynes which is 13 miles away, Milton Keynes is on the main west coast line between London Euston, Birmingham, Manchester and Scotland. Other local stations include Bicester North station (11 miles) which is on the Chiltern main line and Bicester Village station (12 miles). Buckingham’s central location makes it the ideal base for visiting the surrounding countryside, attractions, towns and cities.
Commercial Unit 4 West Street
Currently used as a take away and is let on a licence
Commercial Unit 5 West Street
Commercial unit with storage and three separate offices to the rear. Currently unoccupied previously let at £12,000 per annum. There is a large amount of cellar storage with potential.
Flat 1,5 West Street
1 bedroom first-floor apartment, front facing with Let on an Assured Shorthold Tenancy the existing tenant has lived here for many years.
Flat 2,5 West Street
Character first-floor apartment, with mezzanine bedroom. The flat is currently let on an assured shorthold tenancy.
Flat 3 5 West Street
First-floor rear-facing one-bedroom apartment with a separate kitchen and shower room. The property is let on an assured shorthold tenancy.
Flat 4,5 West Street
Top Floor two-bedroom apartment with sitting room, kitchen, and two bedrooms, full of beams and character. The property is let on an assured shorthold tenancy.
Investment Detail Rental Amounts And Yield
The residential aspect currently generates income as follows:
Flat 1 £4800 pa
Flat 2 £7800 pa
Flat 3 £7140 pa
Flat 4 £8280 pa
Combined the residential units are generating £ 28,020
Commercial unit 4 is let at £8,000 pa on a licence for
Commercial unit 5 is expected to achieve £12,000 pa
Fully occupied the investment would show an income of £48,020 pa a gross rental yield of 8%
Council Tax
The four flats are all Band A and the current amounts payable by tenants are £1,440.10 year 2022/2023
Business Rates
To follow
Yard
Small yard to rear with a communal metal fire escape. Gated rear access.
Parking - On Road
As a town centre property, there is no dedicated parking with the property.
Location
Located in the rural north of Buckinghamshire with a fascinating history and abundant green spaces, Buckingham is in the heart of south-east England, 65 miles from the centre of London, 25 miles from Oxford and neighbouring many great attractions such as Stowe Landscape Gardens and Silverstone Race Track. The town is well served by roads, being easily located between the M1 to the east and the M40 to the west. A422 and A421 link directly with the town centre with convenient car parking. Local train links include Milton Keynes which is 13 miles away, Milton Keynes is on the main west coast line between London Euston, Birmingham, Manchester and Scotland. Other local stations include Bicester North station (11 miles) which is on the Chiltern main line and Bicester Village station (12 miles). Buckingham’s central location makes it the ideal base for visiting the surrounding countryside, attractions, towns and cities.
Commercial Unit 4 West Street
Currently used as a take away and is let on a licence
Commercial Unit 5 West Street
Commercial unit with storage and three separate offices to the rear. Currently unoccupied previously let at £12,000 per annum. There is a large amount of cellar storage with potential.
Flat 1,5 West Street
1 bedroom first-floor apartment, front facing with Let on an Assured Shorthold Tenancy the existing tenant has lived here for many years.
Flat 2,5 West Street
Character first-floor apartment, with mezzanine bedroom. The flat is currently let on an assured shorthold tenancy.
Flat 3 5 West Street
First-floor rear-facing one-bedroom apartment with a separate kitchen and shower room. The property is let on an assured shorthold tenancy.
Flat 4,5 West Street
Top Floor two-bedroom apartment with sitting room, kitchen, and two bedrooms, full of beams and character. The property is let on an assured shorthold tenancy.
Investment Detail Rental Amounts And Yield
The residential aspect currently generates income as follows:
Flat 1 £4800 pa
Flat 2 £7800 pa
Flat 3 £7140 pa
Flat 4 £8280 pa
Combined the residential units are generating £ 28,020
Commercial unit 4 is let at £8,000 pa on a licence for
Commercial unit 5 is expected to achieve £12,000 pa
Fully occupied the investment would show an income of £48,020 pa a gross rental yield of 8%
Council Tax
The four flats are all Band A and the current amounts payable by tenants are £1,440.10 year 2022/2023
Business Rates
To follow
Yard
Small yard to rear with a communal metal fire escape. Gated rear access.
Parking - On Road
As a town centre property, there is no dedicated parking with the property.
Floor plans and tours
Floor plans (1)
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
Lafford James Limited
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