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£380,000

West Street, Olney, MK46

  • 0 beds
Other

£380,000

  • 0 beds
Other
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Estimate monthly mortgage payment:

£1,735 per month

Minimum deposit amount:

£19,000
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A UNIQUE INVESTMENT OPPORTUNITY TO ACQUIRE THE FREEHOLD OF A THREE-STOREY PERIOD BUILDING, LOCATED WITHIN THE CENTRE OF THIS CHARMING MARKET TOWN. THE BUILDING WAS ORIGINALLY USED
FOR SHOE MANUFACTURING BUT HAS SINCE BEEN OCCUPIED BY A VARIETY OF COMMERCIAL BUSINESSES.
THE CURRENT OCCUPANT IS THE OLNEY WORKS LIMITED AND IT SUCCESSFULLY OPERATES THE BUILDING AS A BUSINESS CENTRE. THE CURRENT SEVEN YEAR LEASE WAS RENEWED ON THE 9TH JUNE 2023 AT A RENTAL OF £24,000 PER ANNUM WITH THREE YEARLY RENT REVIEWS. A COPY OF THE LEASE WILL BE AVAILABLE FROM THE AGENT. THE BUSINESS CENTRE OFFERS 13 HIGH QUALITY OFFICE ROOMS OF VARIOUS SIZES AND FURTHER BENEFITS FROM AN EQUIPPED KITCHEN AND SEPARATE MALE AND FEMALE WC FACILITIES. UNRESTRICTED PARKING IS AVAILABLE NEARBY.


Tenure: Freehold

ACCOMMODATION
Total area approximately 2,713 sq ft (252.1 sq m)

GROUND FLOOR:
Main entrance reception hall with a slate flagstone floor. Security alarm and fire alarm system. Recessed area for post. Five office rooms.

FIRST FLOOR:
With access to the fire escape via an external staircase to the side of the building. Four office rooms.

SECOND FLOOR:
Kitchen and WC facilities. Four office rooms.

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