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Lot 32
17/17a St John Street, Newport Pagnell, Buckinghamshire MK16 8HE

  • Photo1

6 Week completion

SITUATION

Located in the same parade as William Hill and Lloyds Bank 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 Shop with internal access to a Flat (currently used as offices - see Note 1) on the first floor with uPVC windows. In addition, the property benefits from use of a rear service road.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 20'10"
Internal Width 19'7"
Shop Depth 29'5"
Built Depth 37'11"
WC
First Floor Flat (currently used as offices)
3 Rooms (one room has been partitioned into two rooms), Kitchen, Shower Room/WC
(GIA Approx. 680 sq ft)

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Northwood MK Ltd (with personal surety) as estate agents (franchisee trading under the Northwood brand which has 85 branches) for a term of 10 years from 17th September 2016 (renewal of a previous lease - in occupation since 2007) at a current rent of £19,000 per annum exclusive.

Rent Review and Tenant's Break 2021

Note 1: The flat originally had a separate rear access which was subsequently removed but could easily be re-instated in order to create a self-contained unit.

Note 2: Refer to Lots 9, 17 & 23 for other properties in this parade.

*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.