Auction
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43-45 High Street, Woburn Sands, Milton Keynes, MK17 8RB

  • Auction
  • Lot 64
  • United Kingdom
  • Retail
  • Commercial

Invited Opening Bid £305,000

Bidder Security £6,000 *fully refundable if unsuccessful bidder
Auction Date 29 July
Bidding Opens 09:00 (GMT+1)
Bidding Closes 14:04 (GMT+1)

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Property Summary

  • Freehold mixed use investment
  • Town centre location
  • Potential for further development (subject to consents)
  • Producing £16,000 per annum, with fixed top up of £2,500 by vendor until the next rent review in December 2019 to £18,500 per annum

Contact Us

Rob Hills
Rob Hills
Property Agent, here to help.

Contact Us

Rob Hills
Rob Hills
Property Agent, here to help.

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Description

The property comprises a substantial two storey corner property of brick construction beneath a multi pitched tiled roof.  The property is arranged on basement, lower ground, ground and one upper floor, to provide two retail units and first floor residential accommodation. The shops are currently trading as a dry cleaners (Jeeves of Woburn) and a cake shop (Mrs Macs Sweet Treats), whilst the first floor is being used by a counsellor. 

Location

Woburn Sands is a popular and prosperous village, 5 miles east of Milton Keynes and 12 miles south west of Bedford. The village enjoys and benefits from good road links via the M1 motorway (Junction 13) and the national railway network is available via Milton Keynes. The property is located on the east side of the High Street (A5130), close to its junction with Club Lane.  The Abbey, Woburn Safari Park and Woburn Championship Golf Course are 2 miles to the south.  Nearby occupiers include Tesco Express, Co-op, Martins and The Post Office. 

Planning

The property has potential for further development (subject to obtaining necessary planning consents). Woburn Sands Town Council (01908 585368) www.woburnsands.org.uk

Tenure

Freehold

Property Table

ACCOMMODATIONTENANTTENANCYEFFECTIVE DATERENT PER ANNUM
Cake Shop     - Ground floor 9.13 sq m (98 sq ft), First Floor 7.59 sq m (82 sq ft)
Dry Cleaners  - Shop - 15.29 sq m (165 sq ft), Lower Ground 39.98 sq m (430 sq ft)
Flat/First floor office - 31.13 sq m (335 sq ft)
Individula10 Years11/12/2018£16,000 (rent topped up to £18,500)

The vendor, will be topping up the rent to the fixed increase of £18,500 pa at the first rent review in 12/12/2019.
The property is currently trading as a cake shop, dry cleaners and counsellor service. 

VAT

Please refer to Legal Documents

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*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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