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43-45 High St 1,730 SF 100% Leased Retail Building Newport Pagnell $578,027 ($334.12/SF)
Investment Highlights
- Two retail units currently let.
- Ground rents to flats.
- First floor office let on licence.
Executive Summary
Two ground floor retail units with ground rents to first floor flats. 43 High Street - Let to Deli on a 10 year full repairing lease expiring on 1st March 2034 and they are currently negotiating another 10 year. Passing rent £18,000 pa subject to review upward only linked to CPI every second year with a collar of 2% and a cap of 5%. 45 High Street - Let to Homes on Web on a 5 year full repairing and insuring lease expiring in 2030. Passing rent £14,500 pa. 6 St Johns Terrace - Tenant to be confirmed. Licence to Occupy. Monthly rent £350. Ground rents in respect of Flats 2, 4, 8 & 10 with 106 years remaining at peppercorn.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,730 SF
Building Class
B
Year Built
1970
Price
$578,027
Price Per SF
$334.12
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.20
Lot Size
0.19 AC
Frontage
25’ on High Street
Amenities
- 24 Hour Access
- Security System
- Signage
- Energy Performance Rating - B
- Automatic Blinds
- Storage Space
1 1
Nearby Major Retailers
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43-45 High St
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