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Lot 9
7/9 St John Street, Newport Pagnell, Buckinghamshire MK16 8HE

  • Photo1

Sold: £416,000

6 Week completion

SITUATION

Located adjacent to William Hill and only approx. 100 yards from the junction with High Street which houses a variety of multiple retailers including Costa Coffee, Superdrug, Martins and a Post Office.
Newport Pagnell lies approx. 5 miles north of Milton Keynes and 55 miles north-west of London benefitting from good road access to the M1 (Junction 14) some 2 miles to the south.

PROPERTY

Forming part of a parade comprising a Ground Floor Double Bank with internal access to Ancillary Space on part first floor and separate rear access to a Self-Contained Flat on part first floor. In addition, the property benefits from use of a rear service road.

ACCOMMODATION¹

Ground Floor Double Bank
Gross Frontage 39'4"
Internal Width 38'4"
Built Depth 37'11"
Area Approx. 930 sq ft²
First Floor Ancillary (Above No. 7)
Area Approx. 495 sq ft²
First Floor Flat (Above No. 9)
2 Bedrooms, Living Room, Kitchen, Bathroom/WC

¹Not inspected by Barnett Ross
²Areas from VOA.

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Lloyds Bank Plc (having approx. 1,300 branches) (T/O for Y/E 31/12/15 £31.03bn, Pre-Tax Profit £1.37bn and Shareholders' Funds £46.96bn) for a term of 5 years from 17th August 2015 (renewal of a previous lease) at a current rent of £28,500 per annum exclusive.

Tenant's Break August 2018 (Tenant pays a rent penalty of £7,125 if Break is operated).

Note 1: The Tenant sublets the flat on an AST.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.