Investment Property - 235, Micklefield Road, High Wycombe, Bucks, HP13 7HU

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Property Details

235, Micklefield Road, High Wycombe, Bucks, HP13 7HU

£250,000.00

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Terms

The property is available to purchase.
It is held on a long leasehold basis from Wycombe District Council with 47 years remaining paying a ground rent of £105 p.a. Informal discussions with the Council indicate they would consider selling the freehold.

GUIDE PRICE £250000

Area
1584 sq.ft.

Property Description

Retail units with living accommodation above A retail premises currently divided into two with residential accommodation above. The larger Shop is approx. 970 sq.ft. with Stores to the rear of circa 450 sq.ft. The remainder is approx. 614 sq.ft. Each has Kitchen and Toilet facilities. Above with its own access is a 3-bedroom Flat, which forms part of the larger shop`s demise. There is a large Yard and car parking area to the rear, over which the adjoining owner has a right of way. Both units have leases which expire on 25th March 2010. The Convenience Store and Flat attracts a rent of £9500 p.a. and Corals pay £5000 p.a. The leases are held on a repairing and insuring basis. The property is in a prominent corner location and the site offers potential for further development (subject of course to planning).

Rates

The property lies within the rating area of District Council, according to which the rateable value is as follows:

Rates payable – £0.00 (2010-2011)
Rates payable can be affected by transitional arrangements, and we would recommend that interested parties should make further enquires for clarification.

Property Features

Retail of approx. 1584 sq.ft.	Development potential
3 bedroom flat	Current income £14500 p.a.
Large rear area	Corner position

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