Located on the edge of the village and adjacent to residential properties, this ...
*Guide Price | TBC (plus fees)
This freehold, former coaching inn occupies a prominent position on the Market Square, and offers an excellent investment opportunity with the chance to enlarge the building further.
The ground floor of this former public house is let under a commercial lease to an established hair salon, which has been in occupation since 2012 and now pays £23, 354 per annum. On the first floor is a generous-size two-bedroom flat, let under an Assured Shorthold Tenancy agreement until 31st July 2025, for an annual rent of £12,000, giving a combined income of £35,354 per annum.
The building benefits from a large basement, and at the rear a sizeable section of the building is single storey, offering the potential of adding a second first-floor flat, subject to any necessary consents. Also at the rear is an outside space that comprises a fenced area and pathway at the rear of the building, plus a gated shared driveway at the side. Internally there is a sizeable main salon plus a number of treatment rooms, a toilet and a kitchen on the ground floor. Then on the first floor, there are two bedrooms, a sitting room, a separate kitchen with a window, a bathroom with a window, and a hallway.
Freehold
The ground floor has been let under a commercial lease to the same tenant since 2012, first on a 6-year term and now on a 9-year term with two years remaining. We are advised that the tenant wishes to remain beyond the end of this 9-year term. The rent is paid quarterly (£5,838.57).
The first-floor flat has been let under an AST generating £1,000 pcm. The tenants have served notice on the landlord, and they wish to vacate on 31st July.
1: B 1A: E
VAT is not applicable
Central Bedfordshire Council
0300 300 8301
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
There is no Buyer's Premium payable on this lot.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Purchasers will be required to pay an administration fee of £1,500 incl. VAT
12:00pm
Delta Marriott Hotel Timbold Drive, Milton Keynes, Buckinghamshire MK7 6HL
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Price Information
*Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer’s premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
