8-12 Church Street

Stony Stratford, MK11 1BD

Property Type Investment
Availability For Sale
Size 1446 sqft
Energy Performance Rating N/A

Attractive Local Retail Parade


LOCATION

Stony Stratford is a famous old town having been established since 1215. It is located approximately 5 miles to the Northwest of Milton Keynes on the border of Northamptonshire. The A5 trunk road, M1 and M4 motorways are within easy reach providing access to London, Oxford and the North. There are main line railway stations within 5 miles at Wolverton and Milton Keynes providing regular service to London Euston in 44 minutes. The parade is located close to the junction of High Street and Church Street, opposite Stony Stratford Library and St Mary’s and St Giles Church. National retailers in close proximity include Boots Pharmacy, Coral Bookmakers, Costa Coffee, Nat West Bank and RSPCA Charity Shop.

KEY POINTS

  • Attractive local retail parade containing 3 ground floor shop units
  • Self-Contained residential upper parts sold off on long leases
  • Freehold
  • Current rent £30,525pa
  • Offers sought in the region of £280,000 stc
  • Net Initial yield 10%
The building is of brick construction under a pitched and tiled roof. The property which is arranged on ground and first floor comprises three retail units over the ground floor only. The first floor residential comprises two flats which have a separate access to the rear. (These are sold off on long occupational leases). Flat 8a has 63 years unexpired on the lease and has potential additional value in a lease extension. The property benefits from unrestricted on street car parking.

This site uses Google Analytics cookies. We use the Google Analytics to help us improve the site. The cookies collect information in an anonymous form, including the number of visitors to the site, where visitors have come to the site from and the pages they have visited on the site. Please accept if you would like to continue with cookies enabled. If you want to change your settings click here