Let until 2025 on a full repairing and insuring lease (subject to option)
Prominent corner position
Popular commuter town
Lot 45
Auction 28th March 2018
Rent
Status Sold
Price £330,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles south-east of Milton Keynes
25 miles south-east of Northampton
35 miles north-west of the City of London
Roads
B5120, A5, M1(Junction 12)
Rail
Harlington Railway Station
Air
London Luton Airport
Situation
Toddington is a predominantly affluent residential commuter town located some 12 miles south-east of Milton Keynes, 7 miles north of Luton and 35 miles north-west of the City of London. The property is prominently situated on the corner of High Street (B5120) and Market Square. Nearby occupiers include an eclectic variety of local traders.
Tenure
Freehold.
Location
Miles
12 miles south-east of Milton Keynes
25 miles south-east of Northampton
35 miles north-west of the City of London
Roads
B5120, A5, M1(Junction 12)
Rail
Harlington Railway Station
Air
London Luton Airport
Situation
Toddington is a predominantly affluent residential commuter town located some 12 miles south-east of Milton Keynes, 7 miles north of Luton and 35 miles north-west of the City of London. The property is prominently situated on the corner of High Street (B5120) and Market Square. Nearby occupiers include an eclectic variety of local traders.
Tenure
Freehold.
Description
The property comprises a prominent corner building with A2 retail accommodation on the ground floor and a tattoo parlour on the first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a prominent corner building with A2 retail accommodation on the ground floor and a tattoo parlour on the first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
(Reversion)
Ground First Second
Retail Retail Retail
52.2 sq m 52.2 sq m 52.2 sq m
(562 sq ft) (562 sq ft) (562 sq ft)
DUNSTAN PROPERTIES LIMITED (1)
9 years from 29/09/2016 (2) on a full repairing and insuring lease.
£21,000
(28/09/2025)
Totals
156.6 sq m
(1,686 sq ft)
£21,000
(1) The tenant has sublet the property to a local estate agent on the ground floor and to two separate tattoo studios on the upper floors. (2) The lease provides for a tenant’s option to determine on 29/09/2019 and 29/09/2022.