2 Bridge Street, Buckingham, Buckinghamshire, MK18 1EL
4 GROUND RENTS (3 REVERSIONARY)
Result: Unsold, please refer to Auctioneer Guide price: £350,000 - £360,000*
Wednesday, 6th February 2019 11:00am
Location & Description
A ground floor take-away with four self-contained flats above within the town centre, near to the junction with Market Square and close to multiple retailers including Lloyds Bank, WH Smith, Barclays and Boots Opticians. The property is within the Buckingham conversation area and the University of Buckingham is within about ½ mile.
ACCOMMODATION (Details provided by Joint Auctioneer)
Ground Floor Shop: 901 sq ft (83.7 sq m)
Basement: Not accessible
Let on a repairing and insuring lease (subject to a schedule of condition) to DP Realty Ltd (trading as Domino's) for 20 years from 03.11.2016 at £24,000 p.a. Rent reviews 2021 & 5 yearly. Tenant's break from 03.11.2026 to 02.11.2027 on 6 months notice.
Domino's have over 1,000 shops nationwide.
Flats 1, 2 & 3: Each sold on a 99 year lease from 01.01.1988 (about 68 years unexpired) at a current rent of £50 p.a. rising by £50 every 33 years.
Flat 4:189 years from 08.07.1988 at a peppercorn.
EQUIVALENT TO £24,150 p.a.
Stimpsons Eves Tel: 01234 341311. Giles Ferris