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24 Stratford Rd 2,200 SF 100% Leased Retail Building Milton Keynes MK12 5LW $736,065 ($334.57/SF)



INVESTMENT HIGHLIGHTS
- Ground floor restaurant/takeaway.
- Currently let.
- Upper floors residential accommodation.
- Income producing.
EXECUTIVE SUMMARY
Ground Floor retail investment premises, let and trading as a Peri-Peri. There is a fenced veranda which runs the width of both units and extends to a depth of 1.5m. Both units comprise restaurant/seating area to front with commercial kitchen to the rear. Toilet facility. At the rear of the property there are two single storey extensions, with rear access from both units to parking and bin storage. There are two sets of extractions vents from the kitchen of each unit. The premises are to be sold freehold at offers in the region of £550,000 exclusive. The whole property is let to MSR UK Ltd on a 7 year lease, with a rent review every 3 and a half years, at a rental of £36,000 per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
2,200 SF
Building Class
B
Year Built
1927
Price
$736,065
Price Per SF
$334.57
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Frontage
19’ on Stratford Rd
AMENITIES
- Courtyard
- Dedicated Turn Lane
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- -
- 871 SF
- -
- -
Established in 2014 by John, Akasaka is an authentic Japanese Kitchen located in Wolverton, Northampton and Milton Keynes. They pride themselves on their fresh ingredients and delicious sushi flavours.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
- | 871 SF | - | - |
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24 Stratford Rd
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