Tel: 01295 983 333
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FREEHOLD FOR SALE, PART INCOME PRODUCING

13 MARKET PLACE, BRACKLEY, NN13 7AB

The Property

Freehold for sale, part income producing property featuring a shop with a flat above. Subject to lease to Jems Stationers Ltd. 

The property commands a significant position overlooking the Market Place. There is a shared road providing vehicular access to the rear. The property has many attractive features however it is not listed.
 
In summary it comprises a ground floor shop with ground floor storage, a kitchen and WC and with one room on the first floor. There is an apartment situated on first and second floors with an entrance from the back of the building. There is a yard large enough for vehicle parking, bike parking and refuse bins and there is a basement accessed from the yard (not inspected).

The property is for sale freehold. It is being sold subject to the lease on the shop and the shop's ancillary areas to Jems Stationers Ltd. The apartment comes with vacant possession. The lease includes the ground floor shop with ground floor storage, a kitchen and WC and with one room on the first floor. The lease has Landlord & Tenant Act protection and is for a term of 15 years from 25 March 2019 at £14,000 p.a. exclusive, on effective full repairing and insuring terms. The tenant has an option to break at end of the fifth and tenth year. There is a single rent review on 25 March 2022 and the lease includes a tenant's option to extend the term. Jems Stationers is an independent retail business established in 2002.

Accommodation:

Floor AreasDetailsSquare Feet
GROUND FLOOR
SHOP SALES AREA
44.12 SQ M
457 SQ FT
KITCHEN / WC
8.42 SQ M
91 SQ FT
STORE
2.56 SQ M
28 SQ FT
FIRST FLOOR
GROSS INTERNAL AREA
71.63 SQ M
771 SQ FT
SECOND FLOOR
GROSS INTERNAL AREA
71.63 SQ M
771 SQ FT
TOTAL
198.36 SQ M
2,136 SQ FT

Location

Brackley is a picturesque Northamptonshire town and benefiting from its situation on the A43, providing ease of access to the M40 and to the M1 at Northampton.  The town has expanded in size with a current population of over 12,000.  There are an additional 1,500 homes planned for the north east of the town centre.  A new Sainsbury's superstore and new medical campus has recently opened. The property is located on the Market Place in the heart of the town centre.  

Pricing

The property is for sale at £350,000, subject to contract.  The seller has not opted to tax and so the sale is VAT exempt.   Business Rates and Council Tax: The commercial element has a Rateable Value of £8,300. The business is able to claim Small Business Rates Relief. The flat is Band A for Council Tax.

Contact Neil Wild

01295 983 333

44 South Bar Street
Banbury
Oxon OX16 9AB

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Tel: 01295 983 333
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Regulated by RICS
Wild Property Consultancy Ltd, 44 South Bar Street, Banbury, Oxon OX16 9AB
Registered in England and Wales No. 6691457 | VAT Reg No. 938316016

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