Market Place, Olney, MK46

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. PARKING IS AVAILABLE WITHIN THE REAR COURTYARD.


INVESTMENT INFORMATION
CURRENT RENTAL INCOME £31,940.00 PER ANNUM

32 MARKET PLACE, OLNEY, BUCKS
The ground floor shop premises are currently let to an established hair stylist group on a new 15-year internal repairing and insuring lease from 1st December 2021.


RENTAL: 20,000.00 per annum exclusive. Rent reviews every fifth anniversary. Deposit equal to three months' rent.

COMMERICAL BUSINESS RATES: The rateable value is £19,000.00. Rates payable £10,374.00 per annum.

32A MARKET PLACE, OLNEY, BUCKS
A residential three bedroom apartment, currently let on an assured shorthold tenancy at a rental of £995.00 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. Fire door to the rear elevation.

REAR SHOP: Approx. 135 sq ft.
Frosted glazed panel to the rear.
Store Room approx 70 sq ft Redundant door to the rear elevation.



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.