LOT 23

2 Bridge Street, Buckingham, Buckinghamshire, MK18 1EL

FREEHOLD COMMERCIAL INVESTMENT PLUS
4 GROUND RENTS (3 REVERSIONARY)
Guide price: £350,000 - £360,000*

Auction Date

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.

EPC Rating

C

Status

Unsold, please refer to Auctioneer

Joint Auctioneer

Stimpsons Eves Tel: 01234 341311. Giles Ferris

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.