Property for sale

BUSINESSES NOT AFFECTED

Investment opportunity to purchase a substantial mixed commercial and residential site producing a significant annual income.

A rare opportunity to purchase a substantial mixed residential and commercial investment opportunity comprising 2x residential apartments, High Street shop, office building, large joinery workshop, 2 further workshops, substantial garaging, large yard, and ample parking - all set on a large town centre plot of around half an acre in size. In all, the various buildings total approximately 10,000 ft.² in size.

The site currently generates a significant annual income, with some units subject to residential & commercial tenancies and others with vacant possession, allowing for further income potential.

The property is situated in a prime High Street location.

Dimensions & Areas. - All reference to room dimensions, square areas and plot size should be considered approximate only, and not 100% accurate. Due to the irregular shape of many rooms, some room dimensions may vary throughout the room. The floor plans are intended as a guide only. All areas shown on the floor plan are included in the overall square footage, with the exception of the memorial shelter. Dimensions for the site size are approximate and have been taken from satellite images.

71 High Street, Stony Stratford, Mk11 1Ay. - (Total Buildings Approximately 10,006 ft.²/ 935 m²)
Mixed commercial and residential - subject to tenancies producing a substantial annual income.

Forming the majority of the large plot and buildings on the site. NOTE: The ground floor shop unit, associated offices, and the first and second floor residential apartments were new-build properties in around 2016, following a fire which destroyed the previous building on the site.

Shopfront, Offices & Buildings - High Street shopfront with offices, kitchen and cloakroom. (945 ft.² / 89 m²) - excluding entrance to flats and memorial shelter.
Large workshops/garage. (1,555 ft.² or or 144 m²)
Detached single story building for use as a Chapel of Rest (636ft.² / 59 m²)

Subject to a commercial tenancy to the Co-op Funeral Services.

The Garden Office - 866 ft.² / 80 m²
A two story office building with meeting room, offices, kitchen and WC facilities.

Subject to a commercial tenancy with an independent Marketing & Public Relations business.

The Old Joinery Workshop - 3,160 ft.² / 294 m² - excludes attached garage.
A substantial workshop, mainly block and timber clad construction, set over two floors with large workshop & store areas on ground floor, and multiple first floor offices/ stores & kitchen.

Subject to a commercial tenancy to an established Bespoke Joinery Company.

Garages Attached To The Old Joinery Workshop - 829 ft.² / 77 m²
Large garages, formally used to house a collection of Rolls-Royces. Whislt adjoined to The Old Joinery Workshop, it does not form part of their lease. It could be let for additional income.

With vacant possession

Additional Garages - (Not measured - not shown on floor plan)
1 x Double and 1 x single Garage of a mixed timber and block construction.

The Workshop & Store - 780 ft.² or 72.5 m²
A single story workshop and garage of mainly block and timber construction with WC facilities, along with an exterior builders storage yard.

Subject to a commercial tenancy to an established Building business.

Flat A - 71 High Street, Stony Stratford, Mk11 1Ay - 661 ft.² / 61.5 m²
A 2 bedroom first floor apartment with open plan, living/ dining/ kitchen, 2 double bedrooms, and a shower room.

Subject to an assured shorthold tenancy

Flat B - 71 High Street, Stony Stratford, Mk11 1Ay - 377 ft.² / 35 m²
A 1 bedroom second floor apartment with an open plan, living/dining/kitchen area, double bedroom and shower room.

Subject to an assured shorthold tenancy

The Site & Yard - The property occupies a plot of approaching half an acre to include a substantial yard of hard standing, offering plenty of parking for on-site businesses, with gated access off Mill Lane.

Tenure - Freehold. - Tenure: Freehold.

Vat - Intending purchasers should satisfy themselves as to the incidence of VAT on this transaction.

Tenancies - The site is subject to 2 residential assured shorthold tenancies, and 4 commercial tenancies - We await further detail on the term of the tenancies.
PLEASE CONTACT US FOR INCOME DETAILS.

Business Rates & Council Tax. - 71 High Street - Flat A - Council tax band: A
71 High Street - Flat B - Council tax band: A
The rateable value of the commercial buildings: (to be confirmed)
The rates payable may benefit from small business relief.

Energy Performance Ratings (Epc'S) - Flat A, 71 High Street: D
Flat B, 71 High Street: C

Location - Stony Stratford - An attractive and historic coaching town referred to as the Jewel of Milton Keynes. The town is set on the north/western corner of Milton Keynes and is bordered to most sides by attractive countryside and parkland with lovely riverside walks. The attractive and well used High Street has many historic and listed buildings and offers a diverse range of shops that should suit all your day to day needs.

Disclaimer - Whilst we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you please contact the office and we will be pleased to verify the information for you. Do so, particularly if contemplating travelling some distance to view the property. The mention of any appliance and/or services to this property does not imply that they are in full and efficient working order, and their condition is unknown to us. Unless fixtures and fittings are specifically mentioned in these details, they are not included in the asking price. Even if any such fixtures and fittings are mentioned in these details it should be verified at the point of negotiating if they are still to remain. Some items may be available subject to negotiation with the vendor.