Restaurant/cafe for sale in Market Square, Buckingham MK18, £260,000
260,000.00
Offer Nr.:
61680022
Type of ad:
for Sale
Property type:
Restaurant/cafe
Contact name:
Blue Alpine Partners
Phone(s):
020 3641 9157
Email:
Investment Consideration:
Gross Initial Yield: 7. 88%
Rental Income: £20, 500 p. a.
VAT is not applicable
Grade II Listed
Comprises ground floor cafe with ancillaryaccommodation at basement and two
residential flats on first and second floor, which have been sold off on long
leaseholds
Ground floor café newly fitted in 2021. Ratedwith 5/5 stars on Google
Occupiers close by Boots Opticians, wh Smith, Barclays and Lloyds Bank,
amongst others.
Property Description:
The property is arranged onbasement, ground and two upper floors to provide
newly fitted ground floor cafe with storage at basement and two self - contained
flats above (sold off on long lease),which are accessed from Market Hill at
the rear of the property.
The property provides the following accommodation and dimensions:
Ground Floor: 45 sq m (480 sqft)
Open plan seating area, Kitchen, WC
Basement: 17 sq m (190 sq ft)
Open plan storage
Total area size: 62 sq m (670 sq ft)
Tenancy:
The café is at present let to AfroCombo Ltd (with personal guarantee) for a
term of 10 Years from 25th August 2023 at a curent rent of £20, 000 p. a. And
the lease contains full repairing and insuringcovenants. Rent review linked
to rpi and tenant option to determine on 25th August 2028. Deposit held of
£5, 000.
Location:
Buckingham is an attractive market townsituated 12 miles west of Milton
Keynes, 20 miles south of Northampton and 25 miles north - east of Oxford. The
M40 (Junction 10) is situated 12. 5 miles to the west andthe M1 is 15 miles to
the east. Buckingham is well served by the A422 and A43 providing direct links
to the M40 and M1. The town is home to the University of Buckingham,whilst
both Stowe School and Akeley Wood School are a short distance to the north.
The properties are situated on the north side of Market Square in the town
centre,close to the junction with Bridge Street and West Street. Occupiers
close by include Barclays Bank, wh Smith, Oxfam, Lloyds Bank, NatWest, Post
Office, Betfred, M&Coamong others.
Gross Initial Yield: 7. 88%
Rental Income: £20, 500 p. a.
VAT is not applicable
Grade II Listed
Comprises ground floor cafe with ancillary
residential flats on first and second floor, which have been sold off on long
leaseholds
Ground floor café newly fitted in 2021. Rated
Occupiers close by Boots Opticians, wh Smith, Barclays and Lloyds Bank,
amongst others.
Property Description:
The property is arranged on
newly fitted ground floor cafe with storage at basement and two self - contained
flats above (sold off on long lease),
the rear of the property.
The property provides the following accommodation and dimensions:
Ground Floor: 45 sq m (480 sq
Open plan seating area, Kitchen, WC
Basement: 17 sq m (190 sq ft)
Open plan storage
Total area size: 62 sq m (670 sq ft)
Tenancy:
The café is at present let to Afro
term of 10 Years from 25th August 2023 at a curent rent of £20, 000 p. a. And
the lease contains full repairing and insuring
to rpi and tenant option to determine on 25th August 2028. Deposit held of
£5, 000.
Location:
Buckingham is an attractive market town
Keynes, 20 miles south of Northampton and 25 miles north - east of Oxford. The
M40 (Junction 10) is situated 12. 5 miles to the west and
the east. Buckingham is well served by the A422 and A43 providing direct links
to the M40 and M1. The town is home to the University of Buckingham,
both Stowe School and Akeley Wood School are a short distance to the north.
The properties are situated on the north side of Market Square in the town
centre,
close by include Barclays Bank, wh Smith, Oxfam, Lloyds Bank, NatWest, Post
Office, Betfred, M&Co
Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)
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