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COMMERCIAL

Market Place, Olney

Guide Price
£530,000
Stephen Oakley & Co, Olney
PROPERTY TYPE

Shop

SIZE

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Key features

  • RARE OPPORTUNITY
  • FREEHOLD INVESTMENT PROPERTY
  • GRADE II LISTED
  • RETAIL SHOP UNIT
  • THREE BEDROOM APARTMENT
  • PARKING AVAILABLE

Description

A RARE OPPORTUNITY TO ACQUIRE A FREEHOLD INVESTMENT PROPERTY LOCATED ON THE BUSY MARKET PLACE IN THE CENTRE OF TOWN. THIS PROMINENT GRADE II LISTED PERIOD BUILDING COMPRISES A RETAIL SHOP UNIT OF APPROX. 800 SQ FT AND A SPACIOUS THREE BEDROOM RESIDENTIAL APARTMENT ARRANGED OVER THE FIRST AND SECOND FLOOR LEVELS. PARKING IS AVAILABLE WITHIN THE REAR COURTYARD.

INVESTMENT INFORMATION

CURRENT RENTAL INCOME £31,940.00 PER ANNUM

32 MARKET PLACE, OLNEY, BUCKS

The ground floor shop premises are currently let to an established hair stylist group on a new 15-year internal repairing and insuring lease from 1st December 2021.


RENTAL: 20,000.00 per annum exclusive. Rent reviews every fifth anniversary. Deposit equal to three months’ rent.

COMMERICAL BUSINESS RATES: The rateable value is £19,000.00. Rates payable £10,374.00 per annum.

32A MARKET PLACE, OLNEY, BUCKS

A residential three bedroom apartment, currently let on an assured shorthold tenancy at a rental of £995.00 per calendar month.

For further information in respect of the leases please contact the agent.

32 MARKET PLACE - SHOP PREMISES

MAIN SHOP: Approx. 575 sq ft.
Inner hallway with separate WC and kitchen. Fire door to the rear elevation.

REAR SHOP: Approx. 135 sq ft.
Frosted glazed panel to the rear.
Store Room approx 70 sq ft Redundant door to the rear elevation.

32A MARKET PLACE - RESIDENTIAL APARTMENT

This three-bedroom residential apartment is accessed via a private staircase off Osborn’s Court at the rear of the premises. The apartment is arranged over the first and second floors.

First floor area comprises:
• Entrance Hall
• Kitchen
• Dining Room
• Bathroom
• Bedroom One
• Bedroom Two

The second floor comprises:
• Living Area
• Bedroom Three

Benefits include electric storage heating.

Brochures

Brochure

Market Place, Olney

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wolverton Station7.4 miles
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About Stephen Oakley & Co, Olney

35 High Street Olney MK46 4EB
Industry affiliations:

Stephen Oakley & Co, are an established independant estate agency, providing a professional service for selling all types of property from a one bedroom flat to a substantial country home.

In addition, we have a rental department specialising in the letting and management of residential properties.

Notes

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Disclaimer - Property reference C5930. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stephen Oakley & Co, Olney. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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