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71, High Street, Stony Stratford, Milton Keynes, Buckinghamshire, MK11
Freehold Investment For Sale
Description
Co-Op Funeral Services Ltd 5A1 covenant as anchor tenant
Prime high town centre location
2 residential apartments
Further Development Potential (subject to planning)
A rare opportunity to purchase a substantial mixed residential and commercial investment opportunity with Co-Op Funeral Services Ltd as the anchor tenant. Comprising 2x residential apartments, high street shop, office building, large joinery workshop, 2 further workshops, substantial garaging, large yard and ample parking on a town centre plot of around half an acre in size. .
The site currently generates a significant annual income, with some units subject to residential and commercial tenancies and potential development allowing for further income potential.
Location
Situated on Stony Stratford High Street, the property is located within a good selection of retail, banking and leisure amenities set within one of the more affluent residential areas of Milton Keynes.
Central Milton Keynes, the railway station and the M1 Motorway are all easily accessible via the grid road system.
More Information
Accommodation
The subject property is held on 5 occupational commercial leases to 4 tenants, plus two residential Assured Shorthold Tenancies (ASTs) generating an annual gross rental income of £76,700 per annum.
We have been provided with copies of the current occupational leases