Market Place, OLNEY, Buckinghamshire, MK46 4AJ £450,000

A RARE OPPORTUNITY TO ACQUIRE A FREEHOLD INVESTMENT PROPERTY LOCATED ON THE BUSY MARKET PLACE IN THE CENTRE OF TOWN. THIS PROMINENT GRADE II LISTED PERIOD BUILDING COMPRISES A RETAIL SHOP UNIT OF APPROX. 800 SQ FT AND A SPACIOUS THREE BEDROOM RESIDENTIAL APARTMENT ARRANGED OVER THE FIRST AND SECOND FLOOR LEVELS. THREE PARKING SPACES ARE AVAILABLE WITHIN THE REAR COURTYARD.

INVESTMENT INFORMATION


32 MARKET PLACE, OLNEY, BUCKS
The ground floor shop premises are currently let to a gentlemen's barbers on a new 15-year internal repairing and insuring lease.
The lease is within the 1954 Landlord and Tenant Act.

RENTAL: 18,000.00 per annum exclusive. Rent reviews every five years. Deposit equal to three months' rent.

COMMERICAL BUSINESS RATES: The rateable value is £22,500.00. Rates payable £11,013.97 per annum.

32A MARKET PLACE, OLNEY, BUCKS
A residential three bedroom apartment, currently let on an assured shorthold tenancy at a rental of £850.00 per calendar month.

For further information in respect of the leases please contact the agent.

32 MARKET PLACE - SHOP PREMISES
MAIN SHOP: Approx. 575 sq ft.
Inner Hallway with separate WC and Kitchen.

REAR SHOP: Approx. 135 sq ft.
Store Room approx. 70 sq ft.

32A MARKET PLACE - RESIDENTIAL APARTMENT
This three-bedroom residential apartment is accessed via a private staircase off Osborn's Court at the rear of the premises. The apartment is arranged over the first and second floors.

First floor area comprises:
* Entrance Hall
* Kitchen
* Dining Room
* Bathroom
* Bedroom One
* Bedroom Two

The second floor comprises:
* Living Area
* Bedroom Three

Benefits include electric storage heating.

FEATURES
RARE OPPORTUNITY
FREEHOLD INVESTMENT PROPERTY
GRADE II LISTED
RETAIL SHOP UNIT
THREE BEDROOM APARTMENT
THREE PARKING SPACES