1 bed terraced house for sale

18 High Street, Stony Stratford, Buckinghamshire MK11

For sale by auction on

Wednesday 7th August 2024 at 12:00 pm

Auction Venue: Delta Marriott Hotel Timbold Drive, Milton Keynes, Buckinghamshire MK7 6HL

This is an in-room auction which will also be live-streamed with availability for internet, telephone and proxy bidding.

A mixed-use property comprising two x retail units and a one-bedroom apartment, situated on the High Street of Stony Stratford, all currently let generating an annual income of £24,000.

Description
This Grade II listed building is situated on the High Street within the historical market town of Stony Stratford. The property consists of mixed-use accommodation comprising two (Class E) commercial retail units on the ground floor and a one-bedroom flat (Class C3) on the first floor.

The ground floor retail units both have ample street-facing window displays. Retail unit 1 provides approximately 139 sq ft of retail space with approximately 74 sq ft of internal storage space and is currently rented providing an annual income of £9,000. Retail unit 2 offers approximately 152 sq ft of retail space and is also currently occupied, generating an annual income of £6,000. The first-floor one-bedroom apartment is accessed through a communal door off the main High Street and is currently rented under an assured shorthold tenancy agreement and generates an annual income of £9,000 (£750 per month).

Accommodation
Ground Floor - Two x retail units
First Floor: Sitting room, kitchen area, bedroom and shower room.

Exterior
The property features a courtyard patio, garden, and an external storage building.

Tenancy
Unit 1: £9,000 per annum.
Unit 2: £6,000 per annum.
First Floor Apartment: £9,000 per annum.

Note
The property is Grade II Listed:
Listing No: 1311053
D & E


VAT
VAT is applicable

Viewings
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Buyers Premium
There is no Buyer's Premium payable on this lot.

Administration Charge
Purchasers will be required to pay an administration fee of £1,500 incl. VAT.