Summary - 45, HIGH STREET MK16 8AR
1 bed 1 bath Retail Property (high street)
Turnkey income with CPI-linked upside in a characterful town centre location.
- Freehold high‑street building with traditional Georgian façade
- Two ground-floor retail units currently producing passing rent
- Deli: £18,000 pa, 10-year FRI to 2034, CPI-linked reviews
- Homes on Web: £14,500 pa, 5-year FRI to 2030
- First-floor office on licence £350 pcm; tenant to be confirmed
- Ground rents for flats at peppercorn; flats leases c.106 years
- Local crime above average; purchasers should confirm liabilities
- Central location with fast broadband and extensive local amenities
A freehold high‑street investment in Newport Pagnell combining two ground-floor retail units and first-floor accommodation. Units are let on FRI terms with clear passing rent and index-linked uplifts, offering immediate income and upward rent potential through CPI-linked reviews. The building retains traditional Georgian character with red brick façade and sash windows, providing strong street presence and external signage opportunities.
Income is generated from a 10-year FRI lease to a deli (passing £18,000 pa, review linked to CPI every two years with 2% collar and 5% cap, current term to 01/03/2034 with negotiations reported for an extension) and a 5-year FRI lease to Homes on Web (passing £14,500 pa to 2030). A first-floor office is occupied under a licence at £350 pcm but the tenant is to be confirmed; ground rents for several flats exist at peppercorn levels. The overall tenure is freehold; the flats’ leases have c.106 years remaining.
This is a town-centre holding aimed at investors seeking a hands-on or lightly managed asset with visible town footfall and broad amenity provision nearby. Note material considerations: local crime levels are above average and one first-floor licence is short-term/uncertain. Prospective purchasers should verify tenant covenants, lease documents, and service/repair liabilities relating to the FRI obligations and mixed-use elements.
High street retail property for sale in Freehold vacant property, 18-20 St Johns Street, Newport Pagnell, MK16 8HJ, MK16 — £995,000 • 1 bed • 1 bath • 3616 ft²
High street retail property for sale in Unit 1, 18-20 St John Street, Newport Pagnell, MK16 8HJ, MK16 — £225,000 • 1 bed • 1 bath • 3615 ft²
High street retail property for sale in Unit 4, 18-20 St John Street, Newport Pagnell, MK16 8HJ, MK16 — £375,000 • 1 bed • 1 bath • 3674 ft²
High street retail property for sale in Investment Portfolio, Newport Pagnell, Bucks, MK16 — £650,000 • 1 bed • 1 bath
High street retail property for sale in Unit 2, 18-20 St John Street, Newport Pagnell, MK16 8HJ, MK16 — £295,000 • 1 bed • 1 bath • 3165 ft²
High street retail property for sale in Unit 3, 18-20 St John Street, Newport Pagnell, MK16 8HJ, MK16 — £350,000 • 1 bed • 1 bath • 3681 ft²
